Plan and execute audit assignments in accordance with Group Audit methodology and audit tools. The Auditor is to have a strong understanding of relevant risks and control processes in an FRB regulated bank, foreign banking organization preferred.
Audit results are expected to be based on a combination of qualitative and substantive (testing) fieldwork. Through the course of fieldwork, the Auditor is to identify control deficiencies and practical solutions as part of delivering a high quality work product.
Proficiently use the department's audit tools in planning and executing audit assignments.
Maintain relationships with management to monitor the initiatives, developments or challenges within the firm (i.e., continuous business monitoring).
Prepare written audit results developed from audit assignments or continuous business monitoring work. Professional writing is to consist of first-rate grammar with sufficient clarity for the executive reader.
Monitor management's progress with corrective actions, and provide guidance toward the sustainable closure of audit findings.
Maintain professional and constructive relationships with management (i.e., first and second lines of defense) to motivate continuous improvement, challenge processes to elevate the norm, and add value.
Group Audit's assessments include the proper design and effectiveness of:
Governance structures, processes and principles such as the strategy and objective setting, accountability, integrity (ethics and values), transparency and competencies;
Risk identification and risk assessment processes, risk appetite setting and monitoring, and proper responses to potential impairments; and
Control processes as part of risk mitigation and risk management.
Primary coverage is New York based businesses which include Corporate Banking (e.g., Energy, Commodities, and Transportation); Capital Markets (e.g., Securities Finance, Foreign Exchange, Rates, etc.); and ALM/Treasury. The typical approach includes the relevant support areas to assess the respective value chain involved.
Periodic management reporting.
Coordination with central Group Audit team.
Coordination with local and central regulatory requests/exams, as needed.
Incumbent is not responsible for supervising other staff.
Internal Number: 3344429
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