Bank Risk and Audit Analyst

First Utah Bank

Job Location:

Salt Lake, UT - USA

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

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Job Description:

The Risk and Audit Specialist provides critical execution support across the Banks independent risk management and oversight functions. This role reports to the Internal Audit Manager and is primarily responsible for executing the Banks audit program while also assisting with the monitoring and surveillance activities of the Compliance and BSA/AML areas.

Preservation of the Three Lines of Defense

To maintain the integrity of the Banks governance framework this role operates under strict protocols:

First Line (Operations): The employee will have no decision-making authority over Bank operations or lending.
Second Line (Compliance BSA/AML): The employee will assist in monitoring and surveillance of risk.
Third Line (Internal Audit): the employee will provide independent testing. Crucially the employee will not audit any specific second line processes.

Internal Audit Support

Assist in planning executing and documenting internal audits across all bank departments and processes.
Prepare audit workpapers testing documentation and preliminary findings reports.
Conduct testing of internal controls including transaction sampling and substantive testing procedures.
Review and evaluate operational processes for efficiency effectiveness and compliance with established policies.
Document audit procedures observations and recommendations in accordance with professional standards.
Track and monitor management action plans resulting from audit findings.
Assist in preparing audit reports for senior management and the Board Audit Committee
Maintain organized audit files and documentation in compliance with retention policies.
Assist in the preparation and compilation of the Banks Internal Audit Risk Assessment and Internal Audit Plan
Perform follow-up reviews to verify implementation of corrective actions.
Research and stay current on banking regulations industry standards and audit best practices.
Review Bank policies as compared to internal audit workpapers ensuring that all information maintained by the Internal Audit Department is current and accurate
Compile and verify general ledger certifications each quarter-end and on two random dates in a 12-month period
Verify accuracy of paper general ledger transaction tickets verify daily branch balancing and report results of surprise cash counts and other recurring internal audit tasks.
Assist with special projects and investigations as directed by the Internal Audit Manager.

Compliance and Regulatory Oversight BSA/AML and OFAC Monitoring

Serve as either the primary or back-up to daily tasks including cash monitoring CTR filings SAR filings 314(a) processing and OFAC suspect match reviews.
Support BSA/AML monitoring activities including reviewing alerts and investigating suspicious activity.
Support the Banks CRA program including completion of CRA service hours assistance with CRA service hours lending and investment tracking.
Assist in conducting compliance reviews and testing of BSA/AML program components.
Help maintain compliance documentation policies and procedures manuals.
Support regulatory examination preparation and coordination.
Assist with regulatory change management activities and impact assessments.
Conduct periodic reviews of bank operations for compliance with applicable regulations.
Support compliance training completion across the organization.
Support Customer Identification Program (CIP) and Customer Due Diligence (CDD) processes
Support compliance testing and documentation

Experience and Skills:

Qualifications

Bachelors degree in Finance Accounting or a related field. Equivalent experience accepted.
Three to five years in banking specifically within audit compliance or risk management.
Professional auditor certification (CIA - Certified Internal Auditor) highly preferred.
- CAFP - Certified AML and Fraud Professional and CRCM - Certified Regulatory Compliance Manager if these areas become a major part of the position.
Strong understanding of internal control frameworks and audit methodologies.
Familiarity with data analytics tools.
Knowledge of current banking industry trends and emerging technologies.
Ability to remain objective and maintain confidentiality.
Excellent analytical problem-solving and decision-making skills.
Strong leadership communication and interpersonal skills.

Benefits

Medical Dental and Vision coverage (Bank pays 75% of Medical and Dental premiums). Company-paid Life Insurance and Disability. Paid Leave Maternity/Paternity Leave Company Parties/Activities Tuition Reimbursement etc.

(FMLA Poster)

Polygraph Protection Act employee rights

Know Your Rights: Workplace discrimination is illegal

Required Experience:

Invite a friend Job Description:The Risk and Audit Specialist provides critical execution support across the Banks independent risk management and oversight functions. This role reports to the Internal Audit Manager and is primarily responsible for executing the Banks audit program while also as...

Invite a friend

Job Description:

Preservation of the Three Lines of Defense

To maintain the integrity of the Banks governance framework this role operates under strict protocols:

First Line (Operations): The employee will have no decision-making authority over Bank operations or lending.
Second Line (Compliance BSA/AML): The employee will assist in monitoring and surveillance of risk.
Third Line (Internal Audit): the employee will provide independent testing. Crucially the employee will not audit any specific second line processes.

Internal Audit Support

Assist in planning executing and documenting internal audits across all bank departments and processes.
Prepare audit workpapers testing documentation and preliminary findings reports.
Conduct testing of internal controls including transaction sampling and substantive testing procedures.
Review and evaluate operational processes for efficiency effectiveness and compliance with established policies.
Document audit procedures observations and recommendations in accordance with professional standards.
Track and monitor management action plans resulting from audit findings.
Assist in preparing audit reports for senior management and the Board Audit Committee
Maintain organized audit files and documentation in compliance with retention policies.
Assist in the preparation and compilation of the Banks Internal Audit Risk Assessment and Internal Audit Plan
Perform follow-up reviews to verify implementation of corrective actions.
Research and stay current on banking regulations industry standards and audit best practices.
Review Bank policies as compared to internal audit workpapers ensuring that all information maintained by the Internal Audit Department is current and accurate
Compile and verify general ledger certifications each quarter-end and on two random dates in a 12-month period
Verify accuracy of paper general ledger transaction tickets verify daily branch balancing and report results of surprise cash counts and other recurring internal audit tasks.
Assist with special projects and investigations as directed by the Internal Audit Manager.

Compliance and Regulatory Oversight BSA/AML and OFAC Monitoring

Serve as either the primary or back-up to daily tasks including cash monitoring CTR filings SAR filings 314(a) processing and OFAC suspect match reviews.
Support BSA/AML monitoring activities including reviewing alerts and investigating suspicious activity.
Support the Banks CRA program including completion of CRA service hours assistance with CRA service hours lending and investment tracking.
Assist in conducting compliance reviews and testing of BSA/AML program components.
Help maintain compliance documentation policies and procedures manuals.
Support regulatory examination preparation and coordination.
Assist with regulatory change management activities and impact assessments.
Conduct periodic reviews of bank operations for compliance with applicable regulations.
Support compliance training completion across the organization.
Support Customer Identification Program (CIP) and Customer Due Diligence (CDD) processes
Support compliance testing and documentation

Experience and Skills:

Qualifications

Bachelors degree in Finance Accounting or a related field. Equivalent experience accepted.
Three to five years in banking specifically within audit compliance or risk management.
Professional auditor certification (CIA - Certified Internal Auditor) highly preferred.
- CAFP - Certified AML and Fraud Professional and CRCM - Certified Regulatory Compliance Manager if these areas become a major part of the position.
Strong understanding of internal control frameworks and audit methodologies.
Familiarity with data analytics tools.
Knowledge of current banking industry trends and emerging technologies.
Ability to remain objective and maintain confidentiality.
Excellent analytical problem-solving and decision-making skills.
Strong leadership communication and interpersonal skills.

Benefits

(FMLA Poster)

Polygraph Protection Act employee rights

Know Your Rights: Workplace discrimination is illegal

Required Experience:

Key Skills

Apply Now

About Company

First Utah Bank

First Utah Bank is a true community bank, wholly-owned and operated by people who live and work right here in Utah. Get to know us, and see how we’re redefining possible, one relationship at a time.

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Bank Risk and Audit Analyst

Salt Lake, UT - USA

Job Summary

Job Description:

Experience and Skills:

Benefits

Job Description:

Experience and Skills:

Benefits

Key Skills

About Company

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