Internal Controls Auditor II

Internal Controls Auditor II – BSA/AML & Sanctions

Location: New York, NY (Hybrid – 3 Days Onsite)

Experience: 5–7 Years

Certification: CAMS Required

Job Overview

We are seeking an experienced Internal Controls Auditor II to support an internal audit of a Corporate & Investment Banking (CIB) organization's BSA/AML and Sanctions Compliance program.

The ideal candidate will have hands-on experience in internal audit, compliance testing, or financial crime risk, with a strong understanding of BSA/AML and sanctions controls within a banking or financial services environment.

The individual will work closely with the audit lead to assess control effectiveness, perform audit testing, review supporting documentation, identify control gaps, and prepare clear, evidence-based audit observations.

Key Responsibilities

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• Support audit planning, process walkthroughs, risk assessments, and audit test plan preparation.
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• Review AML/KYC policies, procedures, risk assessments, governance documents, and previous audit findings.
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• Perform control testing covering Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), KYC, beneficial ownership, and customer risk ratings.
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• Assess sanctions screening, transaction monitoring, alert disposition, and suspicious activity escalation processes.
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• Review controls related to correspondent banking, trade finance, lending, payments, treasury, and capital markets.
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• Evaluate screening systems, transaction monitoring scenarios, governance, tuning, and change management controls.
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• Select audit samples, review supporting evidence, and maintain accurate and traceable audit workpapers.
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• Identify control weaknesses, document testing results, and assist in preparing audit observations and reports.
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• Coordinate with business and compliance stakeholders to obtain audit evidence and support timely completion of fieldwork.
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Required Qualifications

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• CAMS certification is mandatory.
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• 5–7 years of relevant experience in internal audit, compliance testing, financial crime risk, or related control functions.
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• Strong working knowledge of BSA/AML and Sanctions Compliance requirements.
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• Experience in Corporate & Investment Banking or a financial services environment is highly preferred.
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• Hands-on experience with control walkthroughs, sample-based testing, evidence evaluation, and audit documentation.
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• Strong analytical, communication, and report-writing skills.
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• Ability to manage multiple priorities while maintaining confidentiality and attention to detail.
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Preferred Qualifications

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• Experience auditing multiple banking products, legal entities, or jurisdictions.
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• Familiarity with KYC, sanctions screening, transaction monitoring, and case management systems.
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• Internal audit certification or relevant professional training.
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• Experience using data analytics to support audit scoping and control testing.
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Work Arrangement: Hybrid – 3 Days Onsite in New York, NY.