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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