Quality Assurance and Internal Control Officer

TITLE:

Quality Assurance and Internal Control Officer

DEPARTMENT:

Assurance

LOCATION:

New York, USA

STATUS:

Full-time

JOB SUMMARY: The position is to report to the Head of Quality Assurance and Internal Control (HQAIC) who reports to the Deputy CEO. The individual responsibilities are to perform reviews testing of control environment, including evaluation of effectiveness and efficiency of the controls. The ongoing assessments of Executive Management oversight and Risk management practices to ensure adherence and or compliance to the Bank’s policies, procedures, laws, and regulatory guidelines.

ESSENTIAL FUNCTIONS & ACCOUNTABILITIES

• Assist in preparing risk assessments for the annual Internal Control (IC) and Quality Assurance (QA) Plans.
• Maintain, and periodically update the QA and IC plans.
• Reviews and updates, as appropriate, QA and IC internal control procedures.
• Ensure that QA and IC reviews are conducted timely as per the Annual Plans, working in a collaborative effort with workstream stakeholders.
• Ensure accurate and complete documentation of workpapers to support findings of reviews conducted.
• Collaborate with stakeholders to ensure identified deficiencies are resolved in a timely manner with appropriate root cause analysis and recommendations.
• Identify weaknesses, policy and regulatory breaches, risk exposures and improvements required to the AML/Sanctions infrastructure and Operational processes across all Departments in the Bank and communicate findings to Executive Management and Department Managers.
• Participate in ad-hoc projects and Investigations.
• Assist with responses to audit and regulatory requests for information and during audits/examinations.
• Protects the integrity of the Bank by ensuring that it operates in accordance with legal and regulatory requirements, abides by the Bank’s Code of Conduct, and promotes compliance in the way business is conducted.
• Coordinates periodic reports to BSA/AML/OFAC Compliance Committee, Risk Management Compliance Committee, and the Bank Management Committee.
• Administering and monitoring access to the bank’s applications and systems to prevent and detect unauthorized access.

• Conduct quality assurance review of the workpapers and reports from the outsourced internal auditor for alignment with the requirements of the Bank’s Internal Audit Framework.

QUALIFICATIONS:

• Experience:
• Minimum 6-10 years in Auditing and/or Internal control testing and evaluating operation and control processes in BSA/AML/OFAC, Regulatory Compliance, Banking operations, Treasury functions, Risk management practices, Cybersecurity and Information Technology. Other related experience preferably in a branch of a foreign banking organization.
• Strong knowledge and understanding of BSA, AML, OFAC, FinCEN, and the USA PATRIOT Act laws and regulations.
• Strong knowledge of internal audit standards, testing procedures and reports writing.
• Strong knowledge of the OCC guidelines and Comptroller’s Handbook for examination of banks.
• Knowledge of top AML compliance platforms
• Excellent interpersonal, organization, and communication skills.
• Excellent writing, presentation, and analytical skills.
• Uses an analytical approach to problem solving, with a focus on managing a tea environment coupled with attention to results and a sense of urgency.
• Proven ability to use excellent judgment and solid leadership.
• Education & Qualifications:
• Bachelor’s degree or equivalent with concentration in finance and/or Accounting.
• Audit, ACAMS or related certifications and memberships.
• PC skills:
• Strong working knowledge of Microsoft Word, Excel, Power Point; Lexis-Nexis, World-Check, Banker’s Almanac, etc.
• Strong internet search capabilities.

**Specific duties and responsibilities may vary based upon departmental and Bank needs. Other duties may be assigned like the above consistent with the knowledge, skills and abilities required for the position.

UBA America is an Equal Opportunity Employer

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