Director, Audit Specialist

REPORTING RELATIONSHIPS

Reports To:  Vice President, Compliance Audit


JOB FUNCTIONS


Performs highly complex internal auditing work on AML, Bank Secrecy and related laws and regulations. The AML Audit Director may supervise multiple teams of staff across various AML audit engagement and  is viewed as an authority in AML laws, regulations and related compliance processes.  He or she is responsible for building and maintaining relationships with senior management on AML issues, as well as interacting with external stakeholders such as external auditors and regulators.  A Technical Audit Specialist I maintains all organizational and professional ethical standards, works independently under minimal supervision, and is able to exercise extensive latitude for initiative and independent judgment.


KEY RESPONSIBILITIES


A. Size and Scope of Audit Responsibility

Leads AML audits of the highest technical complexity, including conversions, consolidations, acquisitions, new businesses, and highly complex business units with many integrated components.

Provides major input to audit engagement planning, fieldwork, identification, development and documentation of audit issues, and recommendations and their reporting.

Identifies and evaluates Capital One risk areas, and provides key input to the development of the annual audit plan.

Manages the implementation of AML audit procedures, including (but not limited to) identifying and defining issues, reviewing and analyzing evidence, and documenting auditee processes and procedures.

Provides advice and counsel to management on complex AML risk management and control issues.

Represents the internal audit function on enterprise-wide taskforces and other initiatives.

Develops and presents Audit position papers on AML issues.

Works independently under general supervision with extensive latitude for initiative and independent judgment.

Performs other audit related work as assigned.


B. Span of Control

May supervise multiple teams of staff members on audits.

Provides ongoing AML training and technical expertise and support to other audit staff.


C. Complexity

Supervises audits of complex and diverse business units, as well as audits related to conversions, consolidations, acquisitions, new businesses and other multi-dimensional projects.

Is viewed as an authority within Capital One on AML/BSA and related laws and regulations.


D. Relationship Management

Establishes and maintains working relationships with line management, auditees and external parties.

Effectively represents internal audit on project teams, at management meetings, and presents and reports audit findings to senior management.

Works closely with internal clients and other interested parties without compromising the objectivity and independence of the audit function.

Develops a personal network of people who are industry/business experts, drawing on the experience of others to learn more about the organization.


E. Audit Administration

Assists the Group Manager and Vice President  in developing audit plans.


F. Professional Conduct

Maintains all organizational and professional ethical standards.

Ensures work performed meets or exceeds established quality standards and establishes review process to ensure adherence.

Pursues professional development opportunities, including external and internal training and professional association memberships, and shares information gained with co-workers.
REQUIREMENTS
EDUCATION/EXPERIENCE/CREDENTIALS


A. Years of Experience

5 or more years of full-time experience in  AML internal or external auditing, compliance, or other related field.

B. Education

Bachelor’s degree from an accredited college or university.

C. Certification

Professional certification such as a CAMS, CRCM, CIA, CPA, CRCM or CISA.


PROFESSIONAL KNOWLEDGE


A. Core Professional Knowledge

An in-depth understanding of each of the following:

Laws and regulations related to managing risk for AML/BSA

Other financial institution laws, regulations, and compliance management programs

Auditing information technology

Meeting facilitation and presentation skills

Business process and controls engineering

The skills needed to serve as an auditor-in-charge of an engagement

B. Specialized Knowledge & Proficiency

Knowledge of Interagency Requirements for AML Compliance

Knowledge of AML control and systems requirements for fraud and money laundering detection


SKILLS & QUALIFICATIONS


The skills & qualifications outlined in this job description are specifically needed for the audit position.  Capital One’s core employment competencies are those behaviors that have been established as a company-wide standard defining high performance and success for each job level.  To qualify for this position, the incumbent for this job must successfully demonstrate the required level of proficiency in the core competencies.


A. Problem Solving/Decision Making

In areas of specialty, demonstrates an advanced ability to assess the relevancy of audit findings, identify root causes of systemic control weaknesses rather than mere symptoms, identify potential risk exposures and their materiality, spot improving or deteriorating trends and assign a fair and appropriate risk rating at the completion of audits.


B. Organization and Project Management

Extensive experience and success in leading complex audit engagements to completion on time and within budget.

Demonstrates an ability to manage multiple project teams.


C. Teamwork

Team leader of very complex projects and actively supports a team culture.


D. Verbal & Written Communication

Ability to communicate highly complex and technical findings and recommendations into understandable and concise written and verbal communications for all relevant audiences.


E. Working Relationships

Presents self in a professional manner at all times.

Maintains appropriate audit independence and objectivity, and ensures that audit independence and objectivity standards are followed on their projects.


F. Value Added Audit Services

Ability to provide expert advice and counsel to internal clients and to ensure their recommendations are appropriate and cost effective.

Can comment on corporate policies, standards and procedures.


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