Compliance Audit Officer

Towne Bank Suffolk , VA 23432

Posted 1 week ago

Essential Responsibilities:

  • Manage the Corporate Compliance Audit and Monitoring Programs and assigned staff.

  • Work collaboratively with the Corporate Compliance Risk Officer (1) to set schedule, to ensure whenever possible, IA and Compliance simultaneously audit the same LOB to mitigate LOB disruption; and (2) to ensure schedule adequately addresses compliance risks as identified by internal compliance risk assessments.

  • Complete assigned regulatory compliance testing and monitoring assignments in accordance with established department standards and within allotted time frames.

  • Compose recommendations to communicate control performance results and regulatory findings to management in an efficient, timely and concise manner.

  • Review audit staffs' reports and work papers to ensure completeness.

  • Maintain an organized and accurate system of records designed to keep management informed of key performance indicators and deliverable dates.

  • Maintain a current knowledge of applicable consumer protection laws and regulations, business operations and internal Compliance policy and procedures.

  • Prepare reports for presentment to the RCC and Audit Committee.

  • Support the organization as subject matter expert in compliance auditing, testing, and monitoring upholding the highest standard of compliance, integrity and professionalism both internally and externally.

  • Obeys all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML) including the Bank Secrecy Act (BSA).

Minimum Required Skills and Competencies:

  • Requires excellent written and verbal communication skills, computer proficiency and eye for detail.

  • Ability to work with team members to effectively set goals, provide clear and consistent feedback, and emphasize personal growth and development.

  • Ability to work independently in a fast pace environment and demonstrate a track record of completing work in a timely and organized fashion.

  • Banking experience involving compliance activities.

Desired Skills and Competencies: (Optional)

  • Degree in Business Administration or Compliance related certification

  • Experience with Auditing Software, i.e. TeamMate



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Compliance Audit Officer

Towne Bank