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Retail Branch Risk Auditor

Company: M&T Bank
Location: Manchester
Posted on: June 21, 2022

Job Description:

Overview: Completes risk management activities in assigned Retail Bank Branch Market(s) in identifying, assessing, monitoring and controlling branch risks. Primary Responsibilities:

  • Schedule and complete branch audits and on-site monitoring of key branch activities to identify, assess, monitor and control branch risks.
  • Report discovered audit-related issues to management and document in a timely manner to ensure audit completion within established timeframes.
  • Observe staff behavior and transaction activities associated with inherent branch risks, including but not limited to, Currency Transaction Reports (CTRs), Unusual Activity Referrals, Cash Exchanges, Supervisor Overrides, ATM Settlement, Branch Open and Close Procedures, Teller Transfer, Official Checks, Remittance Transfers, etc. to identify potential issues.
  • Validate adherence to Branch Cash Control Framework policies and procedures, including but not limited to, Teller Drawer Limits and Separation of Duties policies to minimize risk.
  • Validate in-branch security parameters around assigned and spare keys as well as lock combinations to ensure adherence to established procedures.
  • Support cash control activities through observing Teller Cash Recycler (TCR) usage and procedures, as appropriate, conducting cash shipment inspections for incoming and outgoing cash, ensuring branch employee adherence to key policies and procedures, including authority and approval requirements for Remittance Transfers, Overdrafts (OTP), Sporadic Cash Counts and Cash Transaction processing, as observed, and monitoring branch behaviors around use of the Cash Counter and entering transactions by denomination. Complete full annual cash count of all assigned branches as part of the audit process.
  • Complete independent audit evaluations for failed branch audits following audit evaluation procedures.
  • Work directly with Consumer Operations & Risk Expert (CORE) in pre- and post-work of audits as needed based on the situation and their findings.
  • Maintain thorough working knowledge of the branch audit process to support proper completion of responsibilities as there is considerable loss potential including regulatory penalties if these audits are not properly completed and audit exceptions are not escalated.
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite.
  • Identify risk-related issues needing escalation to management.
  • Promote an environment that supports diversity and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned. Scope of Responsibilities: This position is responsible for conducting audits of branch activities to ensure adherence to policies and procedures designed to minimize risk. - Identified issues during the audit are reported to Branch and Business Risk management.As part of the ongoing branch risk ranking and audit testing activities, the position interacts extensively with branch staff personnel as well as Reporting Operations and Risk Personnel inclusive of careful inspection and on-site observation of branch activities, discussion regarding findings and immediate escalation of any key issues.The position independently and pro-actively manages their assigned audit schedule and independently determines whether information being reviewed is compliant with Bank policy or there is evidence of inappropriate activity. Supervisory/ Managerial Responsibilities: Not applicable Education and Experience Required:Bachelor's degree and a minimum of 3 years' proven and progressive branch and/or audit experience, or in lieu of a degree, a combined minimum of 7 years' higher education and/or work experience, including a minimum of 3 years' proven and progressive branch and/or audit experience.Demonstrated interpersonal and verbal and written communication skills.Strong analytical skills.Excellent problem-solving abilities.Ability to maintain strong working relationships with management and branch staff.Strong time management and organizational skills.Ability to spend significant amount of time traveling to and working in assigned branch locations.Proficiency with personal computers and working knowledge of pertinent word processing and spreadsheet software and email.LocationManchester, New Hampshire, United States of America

Keywords: M&T Bank, Manchester , Retail Branch Risk Auditor, Accounting, Auditing , Manchester, New Hampshire

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