Internal Controls Auditor

Madison-Davis, LLC; New York (NY); Hybrid; USD 85,000 - 130,000; Full time

Job summary

Madison-Davis, LLC is seeking an experienced Internal Controls Auditor to support reviews of BSA/AML and sanctions compliance controls within a financial services environment. The role focuses on evaluating control design and effectiveness, performing testing, and documenting findings with clarity and traceability.

Hybrid office arrangement in New York, NY with collaboration across audit teams, governance, and regulatory reporting.

Qualifications

• Experience auditing or testing financial crime controls, especially BSA/AML and sanctions.
• Ability to review policies, risk assessments, governance materials, and prior findings.
• Strong documentation and communication skills for clear audit observations.

Responsibilities

• Support audit planning through process walkthroughs, risk/control assessments, and test plans.
• Review policies, procedures, risk assessments, governance materials, and prior findings.
• Conduct and document testing of BSA/AML and sanctions controls.
• Evaluate controls related to customer identification, CDD/EDD, beneficial ownership, and periodic reviews.
• Test sanctions screening and transaction monitoring processes, including alert disposition.
• Review controls covering correspondent banking, cross-border activity, trade finance, lending, payments, treasury, securities, and capital markets.
• Assess screening-system governance, tuning, change management, and model oversight where applicable.
• Select samples, obtain evidence, maintain workpapers, and discuss findings with stakeholders.
• Draft test results and contribute to audit observations and reporting materials.

Job description

Title: Internal Controls Auditor

Office Status: Hybrid

Pay Rate: Not specified

Contract Length: Not specified

ABOUT THE ROLE

A financial services organization is seeking an experienced Financial Crimes Audit & Testing Consultant to support reviews of BSA/AML and sanctions compliance controls. This role will involve evaluating control design and effectiveness, conducting sample-based testing, reviewing supporting documentation, and identifying potential gaps across financial crime processes. The ideal candidate brings strong audit or compliance testing experience, sound professional judgment, and the ability to produce clear, well-documented findings.

RESPONSIBILITIES

• Support audit planning through process walkthroughs, risk and control assessments, and preparation of audit test plans.
• Review policies, procedures, risk assessments, governance materials, management reports, and prior audit or regulatory findings.
• Conduct and document testing of BSA/AML and sanctions compliance controls.
• Evaluate controls related to customer identification, CDD, EDD, beneficial ownership, customer risk ratings, and periodic reviews.
• Test sanctions screening and transaction monitoring processes, including alert disposition and suspicious activity escalation.
• Review controls covering correspondent banking, cross-border activity, trade finance, lending, payments, treasury, securities, and capital markets.
• Assess screening-system governance, tuning, change management, and model or scenario oversight, where applicable.
• Select samples, obtain and evaluate supporting evidence, and maintain complete, traceable workpapers.
• Identify control gaps, process weaknesses, and recurring themes;discuss factual findings with relevant stakeholders.
• Draft test results and contribute to audit observations, conclusions, and reporting materials.