Auditor/Compliance Officer - Capital Markets

At Union Bank of California, our people are our greatest asset.  Our employees come from many different backgrounds, bringing with them different experiences and perspectives, which are the key to our success.  We strive to build an employee group that understands and reflects the diverse communities we serve through our 319 offices.  Our efforts have been recognized by the U.S. Department of Labor, as well as Fortune Magazine, who, for two years in a row, ranked us among the top ten companies for diversity in the workplace.  For more information about our company?s history, visit our website @ www.uboc.com.

 

Responsibilities Include:  Perform continuous auditing activities bank wide of assigned regulations, and assist and with guidance from the Audit Relationship Manager's in the conduct of compliance related testing/monitoring on the line of business level. Complete and update Business Risk Reports for assigned Regulations, and as assigned, provide input to Business Line Business Risk Reports. Stay current with changes and developments with assigned regulations and assist in summarizing succinctly complex compliance information for dissemination to audit team.  Develop audit programs specific to assigned business lines or regulations for use by audit staff in line of business audit activities as well as for use in global reviews.  Support the timely identification and escalation of compliance issues, and follow through to adequate resolution by line management.  Act as in-charge on multiple assignments of a complex nature, also conducts routine operational audits and monitoring activity as assigned.  Risk Evaluation & Monitoring (REM):  For Each Regulation or Business Line Assigned: Under the guidance of the Manager or Sr. Specialist, follow audit methodology in completing risk assessments, audit plans, audit documentation and reporting as assigned.  Prepare for risk evaluation by conducting preliminary review and interviews to identify client's business objectives, risks, and control techniques.  Prepare risk assessments.  Analyze and evaluate the adequacy of client's control environment. Develop risk focused tests to ensure compliance with regulatory requirements as well as bank policies and procedures. Direct, conduct, and manage the tests according to established standards and time frames. Conduct risk focused discussions with client management to review business issues and recommendations. Ensure that compliance audit issues are documented objectively and are clear and persuasive. Prepare risk evaluation reports summarizing findings.  Describe risks and related issues/findings clearly and persuasively.  Provide risk evaluation and other summary reports that include relevant and objective information regarding the banks compliance with specific regulations.  Prepare and update Business Risk Report (BRR) for each regulation.  For integrated BRRs for individual business lines, update compliance risk sections and other sections, e.g, emerging risks, when appropriate.  Develop audit plans for business lines/regulation assigned incorporating both global audit activities as well as audit activities occurring at the line of business level. Carry out quarterly auditing activities, e.g., "continuous monitoring" and "issues tracking".  Promote effective and open communication with all levels of internal and external UBOC line and staff personnel, especially with compliance personnel within each line of business as well as appropriate Corporate Compliance personnel.  Provide guidance/assistance as needed to IRMG Operations team to ensure testing and conclusions are appropriate in regard to the regulation being tested. Provide technical support to IRMG Operations audit team. Keep the Compliance Audit Leader informed on degree of risk in various operating units and emerging risks in regard to assigned regulations.  Clearly communicate issues to the appropriate level of UBOC line management.  Act as liaison for external auditors and examiners during the on-going or annual reviews. Promote teamwork with IRMG, as well as with other UBOC units.  Maintain effective working relationships with line management.  Provide leadership, training, and guidance to other auditors.  Special Projects: Initiate and complete special project assignments such as due diligence examinations, task force projects or specific ad hoc reviews delegated.

 

Requirements Include:  Travel to perform audits is required approximately 30-35% of any calendar year.  The travel tends to be concentrated in the West Coast, mostly to Southern California and may require travel for 2-3 consecutive weeks (with return to home office on weekends). Job Accountabilities: This position typically requires an undergraduate degree.  Professional certification is highly desirable in the area of compliance.  Requires at least 4 years of related audit, compliance or business experience including experience in leading a work team.  Good understanding of risk management, audit techniques, internal controls, audit principles and theory.  Good to strong skills in risk assessment analysis and a solid understanding of business and financial markets.  Specific Knowledge for position in Northern California:

  - Bank Secrecy Act/Anti Money Laundering/US. Patriot Act

  - OFAC Regulations

  - Consumer Regulations

  - ERISA

- Broker/Dealer and/or Mutual Funds operations or Capital markets products/ operations is preferred.Ability to monitor and analyze results of continuous monitoring program including assessing changes in a unit or function's risk profile.  Good leadership skills. Effective communication skills, both oral and written.  Ability to interact effectively with unit management and staff and all levels of IRMG Operations, IRMG and UBOC.  Good personal computer skills with a working knowledge of word processing, spreadsheet, and related software applications.

 

Preferred Skills Include:In general, this position as compared to the Senior Specialist will handle less complicated transactions, will require more direction and guidance and be developing their lead and audit management skills. 

 

To Apply: Email your resume to careers05@uboc.com and reference UB501501MB.

 

Union Bank of California is an Equal Opportunity Employer.