Internal Auditor - Consumer Compliance
Internal Auditor - Consumer Compliance
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Job Description
Job Title: Internal Auditor Consumer Compliance
Job Type: Contract Potential for Extension or Conversion to FTE
Job Summary:
We are seeking a highly skilled and motivated Manager or Senior Associate Level Internal Auditor to join our team in support of a large investment bank focusing on Consumer Compliance engagement.
This role will be based in either New York City or Dallas with a requirement to work onsite 4 days per week.
The successful candidate will help execute audits and perform validation work related to process enhancements specifically in areas such as issues management complaint handling reporting and escalation. The role will primarily focus on consumer products including credit cards and deposit accounts. The Internal Auditor will be responsible for assessing and ensuring the investment banks compliance with Consumer Lending regulations including UDAAP TILA and fair lending laws. The ideal candidate will have 35 years of experience in Internal Audit with a strong background in Consumer Lending & Compliance.
Key Responsibilities:
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Audit Execution:
- Assist in the planning execution and completion of internal audits with a focus on consumer compliance.
- Evaluate the effectiveness of controls and processes related to compliance management systems issues management complaint management and monitoring and testing.
- Perform validation work related to process enhancements ensuring that corrective actions related to issues management and complaint handling are effectively implemented.
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Compliance Management:
- Review and assess the organizations compliance management system with a focus on consumer compliance in the context of credit cards and deposit accounts.
- Conduct risk assessments and monitor the effectiveness of compliance controls within the consumer space.
- Ensure compliance with relevant consumer protection laws and regulations providing recommendations for improvement where necessary.
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Process Enhancement Validation:
- Validate the effectiveness of enhancements made to key processes including complaint handling reporting and escalation mechanisms.
- Monitor and test the effectiveness of these processes to ensure they align with regulatory requirements and internal policies.
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Reporting & Communication:
- Prepare detailed audit reports that clearly articulate findings risks and recommendations.
- Communicate audit results to senior management and stakeholders providing insights into potential areas of improvement.
- Ensure timely and accurate reporting of audit findings including the escalation of any significant compliance risks.
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Collaboration:
- Work closely with other members of the internal audit team as well as crossfunctional teams to ensure a comprehensive approach to consumer compliance.
- Participate in meetings and discussions with business units to discuss audit findings and recommendations.
Qualifications:
- Bachelors degree in Accounting Finance Business Administration or a related field.
- Minimum of 3 years of experience in internal auditing compliance or risk management with a focus on consumer compliance.
- Conduct comprehensive audits of consumer lending operations to ensure compliance with applicable regulations including UDAAP TILA and fair lending laws.
- Evaluate the effectiveness of internal controls and risk management processes related to consumer lending.
- Professional certification such as Certified Internal Auditor (CIA) Certified Regulatory Compliance Manager (CRCM) or Certified Public Accountant (CPA) is preferred.
- Strong understanding of consumer compliance particularly in relation to credit cards and deposit accounts.
- Experience with compliance management systems issues management and complaint handling.
- Excellent analytical and problemsolving skills with the ability to identify risks and recommend effective solutions.
- Strong communication skills both written and verbal.
- Ability to work independently and manage multiple priorities in a fastpaced environment.
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Employment Type
Full Time
