Senior Audit Manager US Regulatory
Senior Audit Manager US Regulatory
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 100000 - 185500
1 Vacancy
Job Description
Application Deadline:
Address:
320 S Canal StreetJob Family Group:
Audit Risk & ComplianceConducts audit engagements to critically assess management and internal control processes approving the nature extent and timing of the audit its and the formulation of insightful audit reports. Reports on audits to provide clear concise and memorable insights on issues and potential issues to assist management in fulfilling mandates. This work provides vital assurance to the Board of Directors and senior management on the quality of internal control systems and reduces the risk of loss and reputational damage to the Company. This work is instrumental in identifying unacceptable/high risk circumstances that could lead to material impact on profitability or reputation. Provides independent assurance on the quality and effectiveness of internal control risk management and governance systems and processes to support senior management and the Board in protecting BMO and its reputation.
- Provides strategic input into business decisions as a trusted advisor.
- Meets regularly with business /group stakeholders to identify changing strategies tactics and initiatives across the business group/corporate area and critically evaluate and direct changes to the nature extent and timing of the audit and related procedures.
- Manages resources and leads the of strategic initiatives to deliver on business and financial goals.
- Helps determine business priorities and best sequence for of business/group strategy.
- Develops the business case by identifying needs analyzing potential options and assessing expected return on investment.
- Acts as the prime subject matter expert for business/group/stakeholders including colleagues across Corporate Audit.
- Ensures alignment between stakeholders.
- Provides proactive leadership and direction to team members as may be required.
- Provides feedback supporting or completing performance assessments.
- Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
- Provides big picture insights based upon knowledge and research enhancing the Divisions value proposition with senior leadership and business groups.
- Develops specific and where appropriate broad communications which identify revenue and cost management opportunities for business units/groups which will assist in achieving their business goals including profitability.
- Collaborates across BMO to develop communications strategies and ensure consistency of messaging in order to positively influence or change behavior.
- Develops an annual audit plan which is well aligned to client strategies and tactics and encompasses appropriate areas of focus based upon the business and operating risks of the unit.
- Where appropriate hires and onboards new team members.
- Continues to develop a highly engaged team with specialized expertise.
- Ensures work of subordinates is well executed in accordance with the Audits standards and that their judgments are sound well documented and repeatable.
- Manages regular performance and performance assessment of all staff for which they are responsible. Recognizes the appropriate value of timing of rewards.
- Executes audits in full recognition of the risks of the group that encompass the inherent risks control risks and internal/external environment and regulatory risks. This may encompass individual audits and broader capstone audits of Enterprise level functions/processes.
- Conducts advisory engagements and other engagements as required.
- Determines impact of changing strategies tactics risks and initiatives on audit advisory and investigative services.
- Identifies and evaluates the impact of new and emerging technology and technology risk on the organizations processes and control environment.
- Utilizes data analytics in advisory engagements to improve quality and efficiencies.
- Develops an awareness of business strategies policies and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes.
- Maintains the independence of the audit practice and its personnel.
- Develops insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance risk and control processes based on audit work performed. Deliverables must be objective clear concise and timely.
- Identifies control deficiencies and provides a fair and balanced assessment of their magnitude.
- Maintains working knowledge of the industry regulatory broad economic environment and internal environment as to the development of new strategies and plans opportunities and risk to obtain an understanding of the control environment.
- Ensures that all audit procedures executed are conducted in accordance to Corporate Audit Methodology as confirmed by its Quality Assurance program and/or regulatory examination results.
- Applies sound judgement in the of the assigned work and ensures open lines of communication.
- Develops and maintains good working relations with key stakeholders.
- Actively monitors change management initiatives and identifies potential risks.
- Actively participates and supports Corporate Audit change initiatives.
- Maintains and enhances professional audit qualifications in line with industry standards.
- Operates at a group/enterprisewide level and serves as a specialist resource to senior leaders and stakeholders.
- Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and nonroutine.
- Implements changes in response to shifting trends.
- Broader work or accountabilities may be assigned as needed.
Qualifications:
- Typically 7 years of relevant experience and postsecondary degree in related field of study or an equivalent combination of education and experience.
- Professional designations or business designation such as CIA CPAAudit.
- Seasoned professional with a combination of education experience and industry knowledge.
- Verbal & written communication skills Indepth / Expert.
- Analytical and problem solving skills Indepth / Expert.
- Influence skills Indepth / Expert.
- Collaboration & team skills; with a focus on crossgroup collaboration Indepth / Expert.
- Able to manage ambiguity.
- Data driven decision making Indepth / Expert.
* This is a hybrid role requiring 2 days in either the Chicago office or the Milwaukee office
* Displayed salary range is for the Chicago market . There is an adjustment for the Milwaukee market
Salary:
$100000.00 $185500.00Pay Type:
SalariedThe above represents BMO Financial Groups pay range and type.
Salaries will vary based on factors such as location skills experience education and qualifications for the role and may include a commission structure. Salaries for parttime roles will be prorated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.
BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performancebased incentives discretionary bonuses as well as other perks and rewards. BMO also offers health insurance tuition reimbursement accident and life insurance and retirement savings plans. To view more details of our benefits please visit: Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting positive change for our customers our communities and our people. By working together innovating and pushing boundaries we transform lives and businesses and power economic growth around the world.
As a member of the BMO team you are valued respected and heard and you have more ways to grow and make an impact. We strive to help you make an impact from day one for yourself and our customers. Well support you with the tools and resources you need to reach new milestones as you help our customers reach theirs. From indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an email to and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO directly or indirectly will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid written and fully executed agency agreement contract for service to submit resumes.
Required Experience:
Manager
Employment Type
Full-Time
