Position Summary
The Regulatory Compliance Auditor is responsible for determining, by continuous review, that internal controls are adequate and practiced, that company policies and procedures are followed, and that the company is compliant with regulations.
Duties & Responsibilities
- Ensure compliance with established internal control procedures, corporate policies, and regulatory requirements by examining records, reports, operating practices, and documentation.
- Complete audit work papers by documenting audit tests and findings.
- Communicate audit findings by preparing a summary report and discussing the findings with the audit supervisor and management.
- Recommend procedural efficiencies when identified through the audit process.
- Contribute to team effort by completing assigned results within the scheduled timeframe.
- Collaborate with internal audit team members in the annual internal audit risk assessments.
- Develop the annual regulatory compliance audit schedule.
- Keep abreast of industry issues and regulatory changes.
- Serve as a resource for compliance issues and research issues as required.
- Enter compliance exceptions into the bank's tracking system and follow-up on outstanding items.
- Provide support to external auditors and examiners.
- Participate in ongoing educational opportunities to update knowledge and skills related to financial services and internal auditing standards.
- Appraise adequacy of internal control systems throughout the audit process.
- Compose audit memos highlighting risk, controls, audit steps, and audit results.
- Develop and update audit programs.
- Review and sign off on audit staff work papers.
- Participate in task force and / or committees and assist in additional team audits as needed.
Education & Experience
Knowledge of :
- Strong oral and written communication skills
- Financial institution's regulatory compliance requirements
- Strong organizational and project management skills
Ability to :
- Work independently
- Perform duties under frequent time pressures, prioritize workflow, meet deadlines
- Solve problems independently while applying logic and discretion
- Interpret regulations
Education and Training :
- Requires Bachelor's degree in business related field.
- Audit experience preferred.
- Requires knowledge of bank operations.
- Requires knowledge of Microsoft Office.
- Certified Regulatory Compliance Manager (CRCM) designation preferred.
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent.
A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability / Vets.
Visit Busey.com / Careers to learn more about Busey's Equal Opportunity Employment.
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