Anti-Money Laundering Auditor (371191) New York, USA
The Anti-Money Laundering Auditor (AMLA) is required to audit SCB's New York Branch BSA/AML & OFAC Compliance including Compliance work conducted by SCB outside the United States on behalf of SCB's New York Branch. The AMLA will generate quarterly status reports for the NY State Department of Financial Services & SCB.
The incumbent will be required to undertake risk assessments and perform or lead where directed, internal audit engagements relating to BSA/AML & OFAC Compliance of diverse business units or functions to deliver the BSA/AML & OFAC Compliance Audit plan in the US. In addition, the AMLA will participate in (or lead) from time to time audits conducted by Group Internal Audit (GIA) in locations outside the Americas to the extent that they support and reinforce BSA/AML & OFAC Compliance.
The AMLA's main priority will always be BSA/AML & OFAC Compliance. However, the AMLA will also be part of the wider Americas Audit Team and where appropriate, the AMLA may get involved in other audit activity, to the extent that it does not interfere with his/her concentrated focus on BSA/AML & OFAC Compliance.
Key Roles & Responsibilities
The core elements of the role are detailed below; however the work in Group Internal Audit is very varied, so there is an element of the role which will be ad hoc in response to specific issues.
- Act as the deputy to the Head of Audit Americas in relation to AML/BSA & OFAC Compliance.
- Manage all AML audits performed by GIA in the US and those other audits listed on the US Audit Plan, but performed elsewhere, that are designed to meet the specific requirements of the DFS Order. In addition the AMLA is required to ensure that the specific requirements of the FRB order as it pertains to preparing and executing an acceptable risk-based audit program to test the Branch's compliance with BSA/AML Requirements and OFAC Regulations are met. As such the AMLA is required to prepare and execute a program with the following elements:
- an evaluation of the overall adequacy and effectiveness of the Branch's compliance with BSA/AML Requirements and OFAC Regulations, including compliance policies, procedures, and processes;
- a review of the Branch's BSA/AML risk assessment for reasonableness given the risk profile (products, services, customers, entities, and geographic locations).
- a review ofthe Branch's OFAC risk assessment, with particular attention to transactions involving affiliates;
- appropriate risk-based transaction testing to verify the Branch's adherence to the BSA recordkeeping and reporting requirements;
- a review of the effectiveness of the suspicious activity monitoring system;
- an assessment of the overall process for identifying and reporting suspicious activity, including a review of filed or prepared Suspicious Activity Reports to determine their accuracy, timeliness, completeness, and effectiveness of the Branch's policy;
- Review the work of other auditors in the US, providing oversight and quality assurance, and provide oversight and advice to audit teams outside the US on audit work that supports and reinforces BSA/AML & OFAC Compliance.
Qualifications & Skills
- Significant overall experience as an auditor, preferably mainly including US AML experience (either working within an AML function/AML auditing).
- Professional auditor or business practitioner with core audit / operational risk / business skills.
- Effective collaborative skills that contribute to positive working relationships with counterparts in Group Internal Audit and the business.
- Demonstrated ability to work independently and seek guidance when needed.
- Demonstrated ability to multi-task without loss of quality.
- Flexibility to work across different functions and situations globally, and change priorities at short notice.
- Effective oral and written communication skills. A second language, particularly Spanish, would be a plus, but not required.
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Diversity & Inclusion
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Equal Opportunity Employer
Standard Chartered is an equal opportunity employer. We have a meritocratic culture where each individual employee is valued and respected for who they are as a person and for what they bring to the organisation.