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First American BankInternal Audit Compliance Manager - Remote
First American Bank, the largest privately held bank in Illinois with operations spanning Wisconsin and Florida, seeks an Internal Audit Compliance Manager. Managing over 60 locations…
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About This Role
First American Bank, the largest privately held bank in Illinois with operations spanning Wisconsin and Florida, seeks an Internal Audit Compliance Manager. Managing over 60 locations and more than $8 billion in assets, the institution provides community-focused banking combined with global expertise. This position leads risk-based internal audits centered on regulatory compliance, designing the compliance portion of the annual audit plan, evaluating internal controls, and ensuring adherence to banking laws.…
Job Description
First American Bank, the largest privately held bank in Illinois with operations spanning Wisconsin and Florida, seeks an Internal Audit Compliance Manager. Managing over 60 locations and more than $8 billion in assets, the institution provides community-focused banking combined with global expertise. This position leads risk-based internal audits centered on regulatory compliance, designing the compliance portion of the annual audit plan, evaluating internal controls, and ensuring adherence to banking laws.
The role involves overseeing audit execution, managing fieldwork, analyzing transaction data, and checking control effectiveness. The selected professional will communicate significant risks and compliance findings to senior leadership, the Audit Committee, and external stakeholders while preserving the independence of the internal audit function. Additionally, the individual provides coaching and technical guidance to team members and third-party contractors.
Responsibilities
- Formulate and update the risk-based compliance segment of the annual internal audit plan
- Evaluate compliance controls across bank products, services, operations, and regulatory obligations including BSA/AML, OFAC, fair lending, and CRA
- Lead and manage compliance-focused audit engagements covering scoping, fieldwork, testing, and timeline adherence
- Assess the design and operational effectiveness of bank policies, governance processes, and monitoring systems
- Supervise third-party and co-sourced audit personnel performing specialized compliance reviews
- Monitor regulatory shifts, supervisory guidelines, and industry trends to gauge effects on internal controls
- Draft comprehensive audit reports and executive summaries detailing findings, risks, and corrective actions
- Present audit results, emerging risks, and remediation statuses to senior management and the Audit Committee
- Track open audit issues, perform follow-up evaluations, and validate implemented corrective actions
- Coach internal audit staff, review junior workpapers, and collaborate across departments while maintaining independence
Requirements
- At least seven years of professional experience in regulatory compliance, internal audit, risk management, or a related banking and financial services field
- Direct background in executing or overseeing compliance audits encompassing BSA/AML, consumer compliance, fair lending, or CRA
- Demonstrated history of heading audit engagements, reviewing workpapers, evaluating findings, and coaching staff or co-sourced providers
- Thorough familiarity with banking laws, internal control frameworks, and risk assessment strategies
- Proficiency in Microsoft 365 applications alongside knowledge of audit management software and Governance, Risk and Compliance tools
- Ability to travel occasionally to other bank locations for branch assistance, bank functions, or training
- Compliance with standard working hours from Monday through Friday, 8:00 a.m. to 5:00 p.m., with extra hours as business needs demand
Qualifications
- Prior experience interfacing with bank regulators or examiners during compliance examinations
- Professional credentials such as Certified Internal Auditor, Certified Regulatory Compliance Manager, Certified Anti-Money Laundering Specialist, or Certified Public Accountant
Core Skills
Frequently Asked Questions
Answers are based only on the employer’s listing; where it doesn’t say, neither do we.
What is the employment type for this role?
The position is full-time.
What is the location or remote status of the job?
The posting lists the location as remote, with occasional travel required to other First American Bank locations for branch functions and training.
Does the posting state the salary?
No, the salary is not stated in the source posting.
What are the core experience requirements?
Candidates must have a minimum of seven years of experience in internal audit, regulatory compliance, risk management, or a related financial services field, including experience leading audit engagements and evaluating compliance regulations.
Sample Interview Questions
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