Regulatory Audit Officer

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Job description

Perform validation work of both audit and FHFA finding remediations. Ensure compliance with industry standards and regulations. Collaborate with management to mitigate regulatory and control risks. Working both independently and as a member of a team to assist with timely completion of the audit plan.

Essential Job Function:

Develops and maintains professional relationships with the regulatory agency.

Keeps up to date with changes in regulatory requirements and industry trends, providing guidance and recommendations to the IA team on the impact of such changes.

Perform validation of regulatory finding remediations efforts to ensure remediation of the finding and that proper documentation was supplied to the regulator.

Work closely with and/or effectively challenges business staff and review relevant documentation to identify significant process risks and organizational governance issues.

Review regulatory findings; Analyze and execute process improvement recommendations.

Prepare and present detailed audit reports to management and regulatory bodies in regards to finding remediation.

Oversee and maintain internal inventory of regulatory deliverables by utilizing internal data sources and coordinate with relevant owners on remediation timelines.

Lead follow-up process on audit recommendations including the implementation of corrective actions.

Performs substantive testing of regulatory and audit findings to validate that issues have been properly remediated over time.

Assists the audit staff in audit test work and control review as required.

Assist with logistics coordination including scheduling regulatory meetings and ad-hoc tasks.

For purposes of this position description, it is an essential function of this job for the employee to be present in the employee's Bank-designated office in order to conduct in-person collaborative work to help foster the delivery of high-quality work, subject to the requirements of the Bank's leave policies.

Skills: Strong interpersonal, communication (verbal and written) and analytical skills.

Experience: 7 to 10 years of audit experience (internal or external)

Education: Bachelor's degree in accounting, finance or management science required.

Credentials: Audit related certification preferred (i.e. CPA, CIA, CFE or CISA

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