Varo Bank · 1 day ago
Audit Manager, BSA/AML
United States
Full-time
Remote
Mid, Senior Level
$120K/yr - $150K/yr
6+ years exp
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Responsibilities
Develop and maintain a comprehensive audit plan for BSA/AML compliance, ensuring alignment with regulatory changes, emerging risks, and industry best practices
Lead and execute audits focused on BSA/AML and sanctions compliance, including risk assessments, testing of controls, and evaluation of remediation actions
Collaborate with Compliance, Risk, Operations, and Technology teams to understand business processes and offer guidance on BSA/AML controls
Communicate audit findings, recommendations, and action plans to senior management and relevant stakeholders
Monitor progress of management's committed action plans and validate closure of remediated audit issues and regulatory findings
Contribute to the continuous improvement of our audit methodology and development of the annual plan
Stay informed about industry trends, regulations, and emerging risks to tailor audit activities accordingly
Develop and maintain productive client and team relationships
Conduct all audit work in accordance with Internal Audit policies and procedures, the Institute of Internal Auditors (IIA) 'International Professional Practices Framework' (IPPF), and applicable regulatory guidelines
Qualification
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Required
Minimum of 6 years of experience in internal audit, compliance, or risk management, with a focus on BSA/AML in the financial services industry; experience in digital banking or fintech is a plus
In-depth knowledge of BSA/AML regulations, including the USA PATRIOT Act, OFAC sanctions, and FFIEC guidelines
Demonstrated experience in conducting BSA/AML audits, risk assessments, and control testing
Ability to work independently in a fast-paced environment, demonstrating flexibility and adaptability to cover diverse audit areas
Strong analytical and problem-solving skills, with the ability to evaluate complex regulatory requirements and their impact on business processes
Exceptional written and verbal communication skills, with the ability to effectively convey complex audit findings to both technical and non-technical audiences
Business acumen reflecting insight/understanding of business concepts, tools, systems, and processes needed for making sound decisions in Varo’s business
Bachelor or Master's degree from an accredited university in Accounting, Finance, Business Administration, or a related field
Preferred
Professional designations such as Certified Public Accountant (CPA), Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE) or equivalent are preferred
Company
Varo Bank
Varo is an entirely new kind of bank. All digital, mission driven, FDIC insured and designed for the way our customers live their lives.
501-1,000 employees
H1B Sponsorship
Varo Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (15)
2022 (26)
2021 (23)
Funding
Current Stage
Late StageLeadership Team
Colin Walsh
Founder and CEO
Max Doerfler
Chief of Staff to CEO
Recent News
2024-01-24
2023-12-23
2023-09-13
Company data provided by crunchbase
