Senior Internal Auditor - Bank - CA

Internal Audit Subject Matter Advisor - Regulatory Compliance & Risk Management

Project Objective & Scope:

The objective of this role is to provide subject matter expertise and advisory support to U.S. Bank Corporate Audit Services (CAS) in executing its internal audit plan. The advisor will assist in evaluating the adequacy and effectiveness of processes and controls across multiple regulatory and compliance domains, including Anti-Money Laundering (AML), Economic Sanctions (ES), Banking Recovery and Resolution Directive (BRRD), GLBA 501(b), NIST Cybersecurity Framework, SWIFT Customer Security Control Framework (CSCF), and vendor risk management. The advisor will deliver credible challenge, industry insights, and recommendations aligned with regulatory expectations and leading practices.

Key Responsibilities:

Audit Planning & Scope Development:

- Review internal audit planning documents, risk and control assessments, and audit programs.

- Provide recommendations on scope, testing procedures, and methodologies based on regulatory requirements and industry best practices.

Regulatory & Compliance Advisory:

- Offer subject matter expertise on AML programs, suspicious activity monitoring, MLRO responsibilities, and sanctions compliance.

- Advise on European regulatory frameworks, including EU Directive 2014/59/EU (BRRD), EBA Guidelines on Recovery Planning, and Central Bank of Ireland requirements.

- Support compliance assessments for GLBA 501(b), NIST Cybersecurity Framework, and SWIFT CSCF.

Audit Execution Support:

- Attend walkthroughs and stakeholder meetings with CAS and business lines.

- Provide credible challenge to audit scope, testing plans, and control environment evaluations.

- Review and comment on audit deliverables, including planning documents, issues, and reports.

Gap Analysis & Remediation Validation:

- Assist with regulatory gap analyses and validation of management remediation actions.

- Deliver insights and recommendations based on leading practices and regulatory expectations.

Vendor Risk & Offshore Assessment:

- Collaborate on developing vendor assessment work programs for offshore development centers.

- Design questionnaires and interview support packages aligned with regulatory requirements and industry standards.

Deliverables:

- Internal audit coordination documents (announcement letters, request lists, agendas).

- Audit workpapers, testing programs, and results.

- Draft and final audit reports in U.S. Bank CAS-approved format.

- Executive summaries of findings, recommendations, and go-forward plans.

Qualifications & Skills:

- Deep knowledge of financial services regulations, including AML, sanctions, BRRD, GLBA, NIST, and SWIFT CSP.

- Experience in internal audit methodology, risk assessment, and control evaluation.

- Strong understanding of industry best practices and regulatory expectations.

- Ability to provide credible challenge and actionable recommendations.

- Excellent communication and stakeholder engagement skills.

- 10 year qualified CA mandatory - with at least 7 years experience in Audit

Work Location & Duration:

- Remote

- Engagements typically range from 3-6 months, with potential extensions based on project scope.