Head of Internal Audit for AML/BSA

1 week ago

Chicago, Illinois, United States Discover Full time
Discover. A Brighter Future.
At Discover, we empower you to engage in meaningful work from the very start.

Our inclusive culture is anchored in three fundamental principles: We Play to Win, We Get Better Every Day, and We Succeed Together. We genuinely want you to thrive and make a significant impact at one of the world's foremost digital banking and payments organizations.

About the Role:
As the Director of AML-BSA, you will join a team that values diversity, collaboration, and teamwork.

We prioritize our employees just as much as we do our customers, consistently earning accolades for our employee-centric approach.

Your role will be pivotal in helping millions of consumers achieve a brighter financial future while advancing your own career in a rewarding environment.

Internal Audit Overview:
Discover's Internal Audit Department (IAD) is dedicated to delivering insightful evaluations, utilizing specialized expertise, and providing a refreshing experience for all stakeholders.

Our commitment is fulfilled by technically proficient professionals who are collaborative, diligent, and highly motivated to consistently produce high-quality work in a fast-paced setting.

IAD is recognized as a vital component of Discover's risk management framework and is esteemed by management as a trusted collaborator.


Position Summary:

The BSA/AML Internal Audit team is in search of a dynamic, dedicated, and driven professional eager to advance their career within a regulatory compliance audit environment.

This team evaluates business processes and practices for compliance risks related to anti-money laundering, financial crimes, and other non-consumer laws and regulations.

Our audits are conducted in a dynamic setting, covering a broad spectrum of regulatory topics while assessing risk management frameworks, controls, and governance to provide valuable insights to business partners regarding compliance risks.


Key Focus Areas:
  • Bank Secrecy Act
  • Anti-Money Laundering
  • Economic Sanctions
  • Other Financial Crimes
  • Non-consumer laws and regulations

Core Responsibilities:
  • Oversee the audit plan for Financial Crimes and non-consumer regulatory compliance.
  • Manage overall scope, risk assessment, audit frequency, budget, and staffing.
  • Supervise audits and validations.
  • Maintain expertise in audit focus areas, including emerging risks.
  • Engage with regulatory agencies.
  • Lead the BSA/AML Audit team and manage direct reports.
  • Provide guidance on audit methodologies, report writing, and staff supervision.
  • Identify opportunities to leverage data and analytical tools to enhance the audit program.
  • Assess and manage talent, team structure, and staffing levels.
  • Offer coaching and feedback to audit staff.

Minimum Qualifications:
  • Bachelor's degree in Social Sciences, Engineering, Accounting, Finance, Business, Information Technology, Analytics, or a related field.
  • 10+ years of relevant experience.

Preferred Qualifications:
  • Strong written and verbal communication skills.
  • Audit experience in banking, accounting/consulting, regulatory agencies, or other financial institutions.
  • Certified Internal Auditor (CIA) or willingness to obtain.

Additional Certifications:
  • CPA, CAMS, CRCM, CFE.
  • Six Sigma, STEM, or other Business, Risk, Compliance, or Audit-related certifications.

Closing & EEO:

Discover is committed to treating all applicants with respect and fairness. We are an equal opportunity employer and value diversity and inclusion.

We ensure that all candidates are treated fairly throughout the recruitment process, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by law.


Compensation:

The base pay for this position generally ranges between $150,500.00 to $228,000. Additional incentives may be included as part of a competitive total compensation package.

Factors such as geographical location, relevant experience, education, and skill level may influence the pay for this position.


Benefits:

We offer a comprehensive range of benefits and programs based on eligibility, including:

  • Paid Parental Leave
  • Paid Time Off
  • 401(k) Plan
  • Medical, Dental, Vision, & Health Savings Account
  • STD, Life, LTD, and AD&D
  • Recognition Program
  • Education Assistance
  • Commuter Benefits
  • Family Support Programs
  • Employee Stock Purchase Plan

Discover is dedicated to fostering a diverse and inclusive workplace, ensuring that all employees place our customers at the center of our work.

We comply with all applicable laws regarding qualified individuals with disabilities and are committed to providing reasonable accommodations.

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