Audit Manager Internal Audit - NAW - Rabobank - New York, NY

Our Organization

Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, real estate, and renewable energy project financing. Founded over a century ago, Rabobank is one of the largest and safest banks in the world, with nearly $1 trillion in assets and operations in more than 40 countries, and ranks among the highest rated private banks by Standard & Poor’s and Moody’s. Rabobank is a premier bank to the international food and agriculture industry, as well as a leading financier of solar, wind, bioenergy, and energy infrastructure projects.

In the Americas, Rabobank is present in the United States, Argentina, Brazil, Canada, Chile, Mexico, and Paraguay, providing both retail and wholesale banking services as well as real estate and leasing services. The bank’s wholesale banking products focus on these banking areas:

Lending and Credit

Trade and Commodity Finance

Acquisition Finance

Renewable Energy and Infrastructure Finance

Global Client Solutions

Mergers & Acquisitions Advisory

Food & Agribusiness Research and Advisory

Capital Markets

Your Function:
Responsible for supporting the Head of Internal Audit (IA) North America Wholesale (NAW) to consistently deliver an independent, well-executed, risk-based internal audit plan, and for conducting audits. The employee provides support to the Head of NAW IA by performing certain functions required to manage the function. Such functions will generally be specifically delegated.

The employee will predominantly plan, manage, and execute compliance focused audits, including the Bank’s BSA/AML Programs (KYC, OFAC, US Patriot Act, Sanctions, etc.). Key areas of activity include Regulatory Compliance for Lending and Markets activities. Duties include the audit of policies, standards, programs, procedures, controls, systems, regulations, and the related internal control systems for efficiency, economy, and effectiveness. The Audit Manager coordinates this program with other audit expertise areas (for example IT audit) in order to maximize effectiveness of audit activities.

Context of Job:
IA operates under a Charter approved by the RN Executive Board. IA help the Bank accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. IA conducts audits and furnishes management with analysis, advice and recommendations. As part of this IA evaluates whether businesses comply with internal policies, standards and procedures, and whether legislative or regulatory requirements are appropriately addressed. IA work with each business area to evaluate whether adequate internal controls are implemented to manage business risks associated with their operating activities, fostering quality and continuous improvement in control processes. IA provides a consulting service at the request of management for new products, new systems and other developments. IA liaises with the various governance groups as needed.

Authorisation/Sign-Off Levels:
Co- sign off of audit reports and files.

Key Responsibilities and Accountabilities:
Assist in the planning, management and execution of allocated audits

Manages audit staff in the execution of audits ensuring adherence to audit methodologies and standards

Develop and maintain relationships with management in order to remain informed of developments that affect the control environment. Assist with the co-ordination of client expectations

Co-develop and maintain the client file, risk analysis and audit plan

Monitor the execution of the audit plan, and risk developments that impact on the plan

Assist with administrative tasks such as the preparation of key departmental reports

Assist with the definition of the audit projects and ensure endorsement by the client

Assist and/or manage the closure and validation of regulatory tasks and findings

Develop audit programs

Develop and present audit findings with appropriate bank management

Make quality decisions regarding the content and presentation of reports

Assists audit staff in improving their own skill sets through training and direct coaching

Key Relationships:
AR management. Colleagues from Internal Audit NY, as well as others in the Region / from ARG overseas

Management and its staff from the respective business and support functions, in particular from the Compliance area

Your Profile:
Key Performance Indicators:
Report (possible) major risks on a timely basis. Also signal matters when they occur that could become a risk to the operations of the bank

Ensure that all audits are conducted in compliance with the standards and agreed audit methodologies

Ensures adequate and timely communication with Heads of NAW and NA regarding progress

Act as an independent partner in business who challenges management in identifying and addressing risks that may jeopardize the realization of business objectives

Ensure all audit reports are completed with minimal revisions, and are sent out in draft and final within the approved timelines

Core Competencies:
Relay ideas and opinions clearly, comprehensibly and correctly (verbally and in writing)

Gain other people’s support by using convincing arguments and the correct tone and timing

Distinguish between key and side issues, facts and assumption and between causes and effects

Actively achieve results and goals, and invest time and energy in this

Pro-actively strengthen working relations and seek opportunities to expand professionalism

Able to work closely with other internal auditors. Team player

Job Skills and Knowledge:
Essential:
Strong knowledge of US Compliance subject matter, including BSA/AML

Knowledge of banking activities and related regulations

Knowledge of audit methodologies and tools

Forms valid and independent opinions, based on logic, experience and expertise

High level of motivation and professionalism

Strong decision making and communications skills

Demonstrates tact, discretion, and good judgment

Possess effective time management and organizational skills

Proficient in the use of Microsoft packages

Desirable:
Able to travel (10%) to perform required duties

Exposure to emerging Capital Markets Regulations (e.g. Dodd-Frank Title VII, Volcker Rule)

Development Value:
Skill and knowledge development within the role. Opportunities for future career development

Qualifications:
Essential:
Minimum of:
10 years overall bank and US Compliance experience in Internal and/or External Auditing and/or Regulatory examination/supervision

8 years of BSA/AML experience

5 years in a role managing a small teams and concurrent audits

Demonstrable expertise and experience in audit and US regulatory compliance and accounting

Bachelor’s Degree in Finance, Accounting, Economics or a related field

Desirable:
CAMS Certification or similar

Membership of appropriate professional body e.g. IIA, CPA or MBA, or equivalent experience

We Offer:
Rabobank New York Branch offers a comprehensive benefits program that is among the finest in the industry featuring:

Medical/Dental/Vision Plans

Defined Contribution (401k) Plan with Employer Match

Paid Vacation based on position and length of service

Life and Disability Insurance

Health and Dependent Care Flexible Spending Plans

Transportation Reimbursement Incentive Plan

Educational Assistance Program

Also offering:
Portable Voluntary Benefits including Pet Insurance

Automobile and Homeowner’s Insurance

Cancer Protection Plan

Legal Insurance Plan

Optional Life and Disability Insurance

Interested?

Candidates who are interested in this role are encouraged to apply directly online including their resume and related documents. If you have any questions, you can Email Ryan.Haberthur@Rabobank.com .