Compliance Audit Job Description

Compliance Audit Job Description

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Compliance audit provides subject mater expertise to Audit Management and staff in consumer compliance related laws and regulations that apply to the company.

Compliance Audit Duties & Responsibilities

To write an effective compliance audit job description, begin by listing detailed duties, responsibilities and expectations. We have included compliance audit job description templates that you can modify and use.

Sample responsibilities for this position include:

Serve as the in-house expert on applicable laws and regulations
Providing high quality input into the annual planning and continuous risk assessment processes
Demonstrate a solid understanding of IT system controls, business processes, regulations to develop meaningful guidance to ensure controls are operating effectively
Develop and maintain guidelines governing conduct of the firm’s reinsurance business
Monitor compliance of executives and portfolio managers
Develop disclosures for counterparties
Managing audit work to ensure that relevant risks and controls have been identified and appropriately assessed
Reviewing and completing documentation of scoping, process understanding, risk & control identification, control evaluation and observations in audit toolkit
Leading discussions with auditees and business leaders regarding audit observations
Writing high quality observations and audit reports (with input from the audit team)

Compliance Audit Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Compliance Audit

List any licenses or certifications required by the position: CISA, CRCM, CIA, ASQ, CISSP, URAC, PCI, FEMA, CAMS, AHIMA

Education for Compliance Audit

Typically a job would require a certain level of education.

Employers hiring for the compliance audit job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Education, Business/Administration, Management, Information Technology, Auditing, Healthcare, Engineering

Skills for Compliance Audit

Desired skills for compliance audit include:

Regulations
Applicable laws
Compliance policies
Audit methodology
Financial services
Risk assessment
CAS
FAR
Laws
Risk/Compliance/Audit competencies

Desired experience for compliance audit includes:

Strong understanding and commitment to professional auditing standards, guidelines and procedures a must
Exceptionally detail-oriented, ability to work well under pressure and able to function in an intense deadline oriented environment a must
Self-starter and able to work effectively with minimal supervision
Strong understanding of Information Technology including IP network security server, DB and application security methodology and practices
Certification of CISSP and/or CISM/CISA preferred
Master’s Degree in accounting, business administration, finance or economics

Compliance Audit Examples

1

Compliance Audit Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of compliance audit. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compliance audit
  • Research the latest banking compliance trends and regulations
  • Propose and execute testing plans
  • Meet and interview personnel to understand processes and controls
  • Communicate testing results in meetings and written reports
  • Prepare written reports for senior management review
  • Track and maintain corrective action program
  • Work with global line of business Audit teams (Corporate & Investment Bank, Consumer & Community Banking, Commercial Bank, Asset Management, Technology, ) in identifying emerging compliance related control issues, and reporting them to line of business and audit management
  • Participate in audits within Corporate Compliance and throughout the organization
  • Work with key stakeholders within the business and audit management in planning, conducting the audit and providing value-added recommendations to the client
  • Identify areas of risk and recognize whether the related controls are operating effectively
Qualifications for compliance audit
  • Coordinate all security/compliance initiatives for CMB Service Delivery and ensure key milestones are met
  • Develop/update common IT security processes for adoption by CMB Service Delivery teams
  • Monitor security mechanisms (audit trail, firewall, etc) for compliance to security policy and standards
  • Knowledge of industry best practices in the information security arena
  • Excellent analytical and problem-solving skills used to interpret contractual service agreements
  • Knowledge of Compliance software and specifically AML/BSA systems (ie
2

Compliance Audit Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of compliance audit. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compliance audit
  • Apply your knowledge to drive best-in-class solutions to ensure compliance
  • Partner with corporate executives and industry leaders to develop and implement best practices
  • Develop, implement and execute test plans and audit plans
  • Business Partnership – Consistently look for ways to add value to the business
  • Leadership – Work effectively with team, find opportunities to go above and beyond, take initiative without waiting to be asked, build your network and lead change in a fast-paced environment
  • Critical Thinking – Be solutions-focused
  • Work closely with 21st Century Fox Corporate Governance team, TCFFC management team, internal audit and external audit, to support the completion of the annual Sarbanes-Oxley testing program
  • Act as liaison and manage the collection of data requested during the annual financial audit by our outside auditor
  • Perform project management for Information Security projects
  • Execute Quarterly Control Self-Assessment (CSA) process
Qualifications for compliance audit
  • Bachelor degree in English or other related major
  • Strong knowledge of the credit union/banking industry, controls, and processes
  • Master’s Degree in Auditing, Master's Degree in Accounting, Master's Degree in Finance, or Master of Business Administration
  • Certified Anti-Money Laundering Specialist (CAMS), Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Certified Regulatory Compliance Manager (CRCM)
  • 7+ years of experience in auditing, 7+ years in compliance, 7+ years in risk management, or a combination
  • At least 6 years of experience in audit, at least 6 years of experience in compliance, at least 6 years of experience in regulatory examinations, or a combination
3

Compliance Audit Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of compliance audit. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance audit
  • Execute Internal Policy and Procedure updates
  • Coordinate the quarterly tracking and updates of outstanding action plans
  • Proof and edit formatting for Audit Reports
  • Organize and finalize all investigation documentation
  • Make copies of all documents when required by Legal
  • Transcribe recordings of interviews
  • Assist in creation, upkeep and distribution of Business Integrity Hotline postings
  • Assist in compilation and distribution of presentations and support for meetings
  • Assist in maintenance of internal websites
  • Track and manage documentation for Due Diligence approval reporting
Qualifications for compliance audit
  • Understanding of risks, controls, compliance and prudential standards within the industry
  • Possess acumen for attention to detail
  • Previous experience in an IT role accountable for internal or external audit support
  • Certified Internal Auditor (CIA) and/or Certified Regulatory Compliance Manager (CRCM)
  • Analytical minded and good planning abilities
  • High efficiency with PC and various software (Word and Excel)
4

Compliance Audit Job Description

Job Description Example
Our growing company is looking for a compliance audit. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compliance audit
  • Responsible for all Mortgage Servicing related Regulatory changes and updates with required knowledge of applicable federal, state, local, and company-specific regulations, policies and guidelines affecting business practices to determine if these changes impact the servicing business areas and makes needed recommendations
  • Manage the tracking and reporting of global employee compliance training
  • General Administrative Items
  • Assist in the booking of travel for audit teams
  • Maintain organization of file room and work-paper retention
  • Organize and maintain electronic file documentation
  • Update/Manage the Audit/Compliance internal Team Page
  • Manage spreadsheet for audit related costs versus budget
  • Researches new audit applications or technologies
  • Leads implementations and rollouts of new audit software or tools
Qualifications for compliance audit
  • CISA or CIA certifications
  • Training and certifications in GRC and security solutions highly desirable as indicated above
  • Trainings and certifications in GRC and security solutions required
  • Seven to ten years or the equivalent experience in an applicable risk management environment
  • Minimum of 7-10 years experience in internal and external auditing
  • Ability to travel independently up to 25% over the course of a year
5

Compliance Audit Job Description

Job Description Example
Our growing company is looking for a compliance audit. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compliance audit
  • Develops and manages annual audit plan with input from appropriate boards and committees
  • Responsible for the annual compliance plan, and serves as the primary consultant for compliance inquiries
  • Creates and ensures delivery of robust corporate compliance training and orientation programs for all employees, volunteers and other persons associated with the system
  • Works with the CFO and Audit Committee Chair to establish the Audit Committee calendar and meeting agendas
  • Leads a multi-disciplinary compliance committee that will assist in fulfilling the goals of the compliance plan and review evolving issues that may place the organization at risk
  • Provide support and assistance for the state’s Single Audit related to federal awards
  • All work is done collaboratively with the Risk Management Team other business areas throughout the Comptroller’s Office
  • The successful candidate must be willing to seek input from other staff and provide opinion on others’ work
  • Assist SRMT in other areas as assigned by CTR leadership
  • Create and execute strategic roadmap for Audit Compliance and Risk Management
Qualifications for compliance audit
  • Five or more years experience in public accounting, finance, internal audit and/or compliance
  • Certified Internal Auditor (CIA) certification a plus
  • Data gathering, detailed review and analysis of information and other audit activities associated with RFI’s, special request/projects
  • Bachelor's degree in Business/Accounting/Finance with 15 years of related experience OR a Master’s with 13 years of related experience
  • Undergraduate degree in Business/MBA or related discipline and/or 5 to 10 years related work experience
  • CPA (or other, such as CIA, CFSA, CISA, MBA, JD) is preferred

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