26 days ago

Logo of Varo Money

Audit Manager, BSA/AML

$120k - $150k

Varo Money

USRemoteSalt Lake, UTCharlotte, NC
Varo is building a world-class Internal Audit Function. As Varo’s third line of defense, the Internal Audit Team will provide independent assurance on Varo’s governance, risk management practices, and internal controls. We will also conduct special advisory projects. As Varo is the first consumer fintech to get a national bank charter in the United States, we are seeking skilled and highly motivated professionals who want to be part of building a new audit function for a technology and data-driven business model in a regulated financial services sector. 

As Audit Manager you will assist in the planning, design, and performance of audit programs covering various functions of the bank, with a focus on audits for BSA/AML and sanctions compliance, ensuring effective risk management and compliance with applicable regulations. We are looking for someone who is well organized, analytical, a quick learner, and can adapt and work across different areas of the business. We are looking for someone with a blend of technical knowledge, analytical skills, and critical thinking skills to assess the bank’s BSA/AML program, provide recommendations, and partner with stakeholders to enhance processes.

What you’ll be doing:

  • Develop and maintain a comprehensive audit plan for BSA/AML compliance, ensuring alignment with regulatory changes, emerging risks, and industry best practices
  • Lead and execute audits focused on BSA/AML and sanctions compliance, including risk assessments, testing of controls, and evaluation of remediation actions
  • Collaborate with Compliance, Risk, Operations, and Technology teams to understand business processes and offer guidance on BSA/AML controls
  • Communicate audit findings, recommendations, and action plans to senior management and relevant stakeholders
  • Monitor progress of managements committed action plans and validate closure of remediated audit issues and regulatory findings
  • Contribute to the continuous improvement of our audit methodology and development of the annual plan 
  • Stay informed about industry trends, regulations, and emerging risks to tailor audit activities accordingly 
  • Develop and maintain productive client and team relationships
  • Conduct all audit work in accordance with Internal Audit policies and procedures, the Institute of Internal Auditors (IIA) “International Professional Practices Framework” (IPPF), and applicable regulatory guidelines

You’ll bring the following required skills and experiences:

  • Minimum of 6 years of experience in internal audit, compliance, or risk management, with a focus on BSA/AML in the financial services industry; experience in digital banking or fintech is a plus
  • In-depth knowledge of BSA/AML regulations, including the USA PATRIOT Act, OFAC sanctions, and FFIEC guidelines
  • Demonstrated experience in conducting BSA/AML audits, risk assessments, and control testing
  • Ability to work independently in a fast-paced environment, demonstrating flexibility and adaptability to cover diverse audit areas
  • Strong analytical and problem-solving skills, with the ability to evaluate complex regulatory requirements and their impact on business processes
  • Exceptional written and verbal communication skills, with the ability to effectively convey complex audit findings to both technical and non-technical audiences
  • Business acumen reflecting insight/understanding of business concepts, tools, systems, and processes needed for making sound decisions in Varo’s business 
  • Professional designations such as Certified Public Accountant (CPA), Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE) or equivalent are preferred
  • Bachelor or Masters degree from an accredited university in Accounting, Finance, Business Administration, or a related field