Audit Manager II-Wealth Management

City National Bank; Jersey City (NJ); On-site; USD 77,000 - 143,000; Full time

Job summary

A premier financial institution in Jersey City is seeking an Audit Manager II for Wealth Management. The role involves leading audit teams, assessing risks, and developing detailed audit programs while ensuring compliance with regulations. Ideal candidates will have a Bachelor's degree, extensive audit experience in banking, and relevant certifications. Competitive compensation, with a salary range of $77,000 - $143,000, plus benefits including healthcare and 401(k) matching.

Benefits

Comprehensive healthcare coverage

401(k) company matching

Tuition Reimbursement

Valued Time Away benefits

Qualifications

• Minimum 5 years of audit or related experience in banking operations.
• Minimum 3 years of experience conducting internal audits within financial institutions.
• CPA, CIA, CIFRS, CFA, or CAMS certification preferred.

Responsibilities

• Plans, executes, and evaluates audit test plans for projects.
• Communicates effectively with senior management.
• Acts as a role model/mentor to junior auditors.

Skills

Strong verbal and written communication skills

Demonstrated negotiation and leadership skills

Critical problem-solving skills

Strong understanding of internal auditing standards

Experience in coaching junior auditor

Education

Bachelor's Degree or equivalent

Tools

Tableau

Alteryx

Job description

AUDIT MANAGER II- WEALTH MANAGEMENT

WHAT IS THE OPPORTUNITY?

The Audit Manager II position is a leadership role as an auditor-in-charge to guide a team of auditors to assess risks, develop detail audit programs, identify data analytic opportunities, execute audit programs, analyze results of testing performed, and effectively communicate audit results to the Senior Audit Manager/Director and senior management in meetings, presentations, and/or written reports and memorandums. The position will support City National Bank's Internal Audit in providing independent, objective assurance over the design and operating effectiveness of the Bank's risk management practices, governance processes, system of internal controls for the Wealth Management platform: Personal and Employee Benefit Trust Administration, Retirement and Custody Services, Specialty Wealth Assets, Investment Advisory, Broker/Dealer, Investment Banking activities for CNB's Capital Markets, Registered and Unregistered Fund Vehicles, Support Functions (Operations, Compliance, Risk). Additionally, the position is responsible for maintaining and executing continuous monitoring program in accordance with audit methodology and taking into consideration industry development, emerging risks, and regulatory changes and expectations.

WHAT WILL YOU DO?

• Audit and Assurance General Requirements: Plans, executes and evaluates audit test plans for projects of medium to high complexity with a risk-based audit approach. Assesses risks and controls, designs comprehensive audit programs, executes audit procedures, supervises and reviews the work of others, analyzes and synthesizes results of testing performed, effectively communicates results to senior management to affect change, and delivers well written audit reports and other forms of communication. Manages staff assigned to engagements, and collaborates with other audit groups to effectively plan, integrate and execute audits. Understands operational and wealth management specific risks in order to identify and assess key control activities in business processes. Assesses information security and privacy policies and procedures to identify weaknesses within the business process or activity being audited. Leads and executes continuous monitoring activities periodically for the area assigned. Gathers and evaluates information received from business units and other external/regulatory sources. Ability to multi-task and work in a dynamically changing environment. Complies fully with all Bank policies, procedures, audit methodologies, training and regulatory requirements.

• Data Analytics and Technology: Discover patterns, insights, trends and anomalies from straightforward analyses, data sets and visualization tools. Execute basic analyses (e.g. descriptive) and create simple visualization using standard tools. Develop requests for advanced analytics by providing detailed and clear questions to the Data Analytics Lead or Data Scientist. Applies advanced analytical techniques to test hypotheses and add insights into audit findings. Understands concepts of data lineage and data stewardship in order to develop effective data analytics that provide the insights.

• Relationship Building and Client Experience: Supports the Audit Director proactively in their ongoing monitoring and discussions with business management. Continuously builds trusting relationships with Internal Audit peers and business management. Acts as the key contact and responds to inquiries from business throughout the audit process. Challenges others' thinking or approaches in a constructive manner. Advises stakeholders on internal control and governance matters and conducts proactive and ongoing risk management discussions with business leaders. Influences key stakeholders to gain buy-in, overcomes challenges and delivers on high priority initiatives, and draws conclusions or makes recommendations based on audit evidence that may involve ambiguity.

• Staff Performance and Mentoring: Acts as a role model/mentor to more junior auditors and provides constructive feedback. Enhances and maintains staff morale. Prepares and conducts formal/informal training for less experienced staff members. May participate in interviews and evaluations of new applicants.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications

• Bachelor's Degree or equivalent

• Minimum 5 years of audit or related experience in banking operations, compliance, and/or risk management activities.

• Minimum 3 years of experience conducting internal audits within financial institutions and supervising staff.

• CPA - Certified Public Accountant Or

• CIA - Certified Internal Auditor Or

• CFIRS - Certified Fiduciary and Investment Risk Specialist Or

• CFA - Charter Financial Analyst Or

• CAMS - Certified Anti-Money Laundering Specialist Or

Additional Qualifications

• Strong verbal and written communication skills to effectively present to peers and business management.

• Demonstrated negotiation and leadership skills needed to convey ideas and obtain management buy-in for constructive change.

• Effectively manage ambiguity, work independently, think innovatively and demonstrate critical problem-solving skills.

• Strong understanding of internal auditing standards, COSO and risk assessment practices.

• Strong understanding of internal control concepts and application of such.

• Strong working knowledge of banking industry laws and regulations.

• Experience in planning and juggling multiple projects and with varying team members.

• Experience in coaching junior auditor.

• Familiar with data analytics, robotic process automation and artificial intelligence tools.

• Experience in use of data visualization and reporting - e.g. Tableau and/or Alteryx is a plus.

WHAT'S IN IT FOR YOU?

Compensation Starting base salary: $77,000 - $143,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date

• Generous 401(k) company matching contribution

• Career Development through Tuition Reimbursement and other internal upskilling and training resources

• Valued Time Away benefits including vacation, sick and volunteer time

• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs

• Career Mobility support from a dedicated recruitment team

• Colleague Resource Groups to support networking and community engagement

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.