Internal Audit Compliance Manager

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Lead and execute risk-based internal audit activities centered on regulatory compliance throughout the Bank.

• Design and implement the compliance segment of the annual internal audit plan.

• Evaluate compliance risks associated with products, services, operations, systems, and regulatory requirements.

• Ensure comprehensive audit coverage of BSA/AML, OFAC, consumer lending and deposit regulations, fair lending, and CRA.

• Direct, plan, execute, and supervise compliance-oriented audit engagements.

• Establish audit objectives, scope, testing approaches, resource allocation, and timelines.

• Conduct and oversee interviews, document assessments, transaction testing, process walkthroughs, and data analysis.

• Assess compliance controls, policies, procedures, monitoring activities, and governance frameworks.

• Review workpapers and related documentation.

• Manage co-sourced or third-party audit resources.

• Stay updated on regulatory changes, supervisory guidance, enforcement actions, and industry developments.

• Communicate significant risks, control weaknesses, and regulatory issues.

• Prepare and evaluate audit reports and executive summaries.

• Present audit findings, emerging risks, and remediation status to senior management and the Audit Committee.

• Engage in discussions with management to obtain corrective action plans.

• Monitor findings and corrective action plans, conduct follow-up reviews, and verify remediation.

• Escalate overdue, high-risk, or inadequately addressed issues.

• Mentor, develop, coach, and assess audit team members and co-sourced resources.

• Collaborate with Compliance, Risk Management, Legal, Operations, external auditors, and regulatory examiners while upholding audit independence.

• Offer compliance audit subject matter expertise and advisory insights.

• Enhance audit methodology, documentation quality, engagement efficiency, and data analytics.

• Stay informed on regulations, auditing standards, control frameworks, industry practices, and emerging risks.

• Participate in special projects, investigations, consulting engagements, and other audit-related activities.

• Maintain objectivity, independence, integrity, and confidentiality.

⛳️ Requirements

• A minimum of seven years of experience in internal audit, regulatory compliance, risk management, or a related area within banking or financial services.

• Experience in conducting or supervising compliance-focused audits, including BSA/AML, consumer compliance, fair lending, CRA, or other relevant banking regulations.

• Proven experience leading audit engagements, reviewing workpapers, assessing findings, communicating results to senior management, and providing guidance, coaching, or technical oversight to audit staff or co-sourced service providers.

• Comprehensive knowledge of banking laws and regulations, internal audit practices, risk assessment methods, and internal control frameworks.

• Preferred experience interacting with banking regulators or examiners during compliance examinations or regulatory audits.

• Professional certification such as CIA, CRCM, CAMS, or CPA is preferred.

• Exceptional written and verbal communication abilities.

• Capability to present audit findings and recommendations to management, executive leadership, and the Audit Committee.

• Strong analytical, organizational, project management, and problem-solving skills.

• Proficiency in Microsoft 365, including Word, Excel, PowerPoint, Teams, SharePoint, OneNote, and Copilot or other approved AI-enhanced productivity tools.

• Familiarity with audit management software, Governance, Risk and Compliance tools, and data analysis techniques.

• Understanding and application of Artificial Intelligence as a productivity and business-support tool.

• Ability to validate outputs from AI-enabled tools and comply with organizational AI policies and guidelines.

• Willingness to learn new systems and adapt to system or process changes.

• Occasional travel to other First American Bank locations is required.

• Monday through Friday, 8:00 a.m. to 5:00 p.m.; additional hours may be necessary.

• Punctuality is essential.

• First American Bank will not sponsor applicants for work visas.

🏝️ Benefits

• Additional compensation opportunities may be available.

• Career development and advancement possibilities.

• Access to special development programs.

• Comprehensive benefits package for full-time employees.

• Equal Opportunity Employer protections.

• Disability accommodations available during the application process.