Job Details

OFAC/Sanctions Principal Auditor - VP

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Organization Type


Job Type


Years of Experience

5-7 yrs required


New York City, NY

Date Last Verified

Oct 13,2017

Posted on

Feb 23,2017
Practice Area
Finance >> Finance - Banking
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OFAC/Sanctions Principal Auditor - VP Responsibilities: Evaluate the adequacy and effectiveness of internal controls relating to OFAC/Sanctions risks in accordance with group audit methodology and the established risk assessment framework. Conduct OFAC/Sanctions risk assessment for the Americas region and contribute to risk assessment/business monitoring conducted at the country level by country Audit Heads. Undertake audit assignments, draft audit issues for review by audit management, conduct issue tracking and validate closure of issues. Participate in and lead meetings with business auditors and provide input for business-led audits. Pro-actively develop and maintain professional working relationships with colleagues, the business and respective support areas and work in an integrated manner with fellow team members both locally and globally. When required, assist in training other GA staff on OFAC/Sanctions topics and oversee execution of the OFAC/Sanctions audit program. Complete all work assigned on a timely basis, including ad hoc projects and special investigations. Assist Director in preparation to liaise with external regulators to provide assurance of DB’s audit coverage relating to OFAC/Sanctions. Develop and maintain broad regulatory knowledge & experience. Stay abreast of business/industry changes and their effect on the department’s audit plan, methodology and risk assessments.

Qualification and Experience

Qualifications: Bachelor's degree in Accounting, Finance or related discipline. Advanced Degree (e.g., Masters, JD Degree ) and professional certification (e.g., CPA, CIA, CAMS, CFE, etc.) preferred. 5-7 years of experience within financial services in an Internal Audit role covering OFAC/Sanctions or relevant first/second line OFAC/Sanctions experience. Proven track record of operating in an audit role, including leading and delivering audits. Working knowledge of OFAC/Sanctions system requirements, understanding of algorithms and scenarios, experience with validating data integrity, mapping fields from source systems to OFAC/Sanctions software, etc. Thorough understanding of the banking risk and control environment, and in-depth knowledge of the regulatory environment specific to OFAC/Sanctions. Professional credentials, including degree level education and relevant professional qualifications. Proven record of excellent written & verbal communication skills, with the ability to communicate effectively at all levels within Group Audit and with Stakeholders. The ability to multi-task assignments and prioritize workloads with minimal supervision. Furthermore, maintaining the highest professional and ethical standards - and the ability to stand ground when challenged - are key to succeed in this role.

Additional info

Job ID: 3144219

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