Audit VP Job Description

Audit VP Job Description

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Audit VP provides thought leadership to executive management and the Audit Committee in terms of leading internal audit and internal control practices.

Audit VP Duties & Responsibilities

To write an effective audit VP job description, begin by listing detailed duties, responsibilities and expectations. We have included audit VP job description templates that you can modify and use.

Sample responsibilities for this position include:

Project Governance – Provide reporting on the progress of Technology RFIs, track and monitor progress and maintain an issue tracker to document key issues and submissions
Interaction with the Global Technology Supervisory RelationshipsLegal Liaison team to ensure consistency with global regulatory process responses
Tracking of Technology issues found by regulators or External audit to closure
Point of contact for Technology to understand the technology impact of regulatory requirements
Provide continuous monitoring of technology areas
Work with senior stakeholders within the revenue and federation divisions to establish and maintain their risk assessments
Provide metrics and reporting to senior management and governance committees
Synthesize large amounts of data to identify areas of focus for senior management and to challenge the assessors on the appropriateness of the output
Facilitate divisional risk convergence meetings including senior stakeholders across both revenue and federation departments
Provide functional support across a range of departments in the use of the risk assessment application

Audit VP Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Audit VP

List any licenses or certifications required by the position: CISA, CPA, CIA, CISSP, CISM, ACCA, ACA, PMP, ISACA, CFE

Education for Audit VP

Typically a job would require a certain level of education.

Employers hiring for the audit VP job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Graduate, Business, Economics, Education, Computer Science, MBA, Technology, Business/Administration

Skills for Audit VP

Desired skills for audit VP include:

Audit processes and ability to review and manage the quality of audit work
Capital markets
Distributed Technologies
Mainframe
Midrange systems
Accounting systems
Applicable French and European regulatory requirements
Audit industry best practices
Banking products
Best practices and standards in Finance and other corporate functions

Desired experience for audit VP includes:

Advanced desktop skills in products to support the above (Excel, PowerPoint )
Understanding of the relevant regulatory requirements for the subject areas and past experience preferred working with regulatory bodies (e.g., Fed, OCC)
Must have unrestricted authorization to work in the USA
Bachelor's Degree or substantial years of equivalent experience
Experience in audit, risk management, governance, compliance, internal controls, public accounting, corporate controls or related/equivalent experience
Minimum of 6 years of relevant experience and Bachelor’s degree OR minimum of 10 years of relevant experience and High School diploma/GED

Audit VP Examples

1

Audit VP Job Description

Job Description Example
Our company is growing rapidly and is hiring for an audit VP. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for audit VP
  • Perform risk and control design assessments of a given topic across all applicable areas within the firm
  • Risk assessment, control identification, coordination and execution of audit work, development of audit testing, and ongoing continuous monitoring of different businesses and support functions, especially Currency and Emerging Markets and Equities
  • Partner with colleagues, stakeholders and control functions to evaluate, test and report on the adequacy and effectiveness of management controls with appropriate recommendations for improvement
  • In collaboration with the General Auditor and Senior Management develops and implements a comprehensive and flexible Compliance audit plan using risk- based methodology
  • Examines and evaluates the adequacy and effectiveness of the company’s system of internal control and the quality of performance in carrying out assigned responsibilities
  • Assesses the current compliance audit team and leads the succession planning, recruitment, and development of employees
  • Researches, designs, and participates in the development and/or implementation of new or converted products, programs or systems as required to a) ensure adequate attention to risk management and internal controls and b) contribute to the Company’s ongoing efforts to improve quality, increase efficiency and more effectively utilize technology
  • Assists the Director and Senior Audit Managers in selected technical and administrative activities including presentations to the Audit Committee, appraisal of actions taken by management
  • Plan audits documenting activity flows of the processes to be reviewed, identifying risks and the key actual controls in place to mitigate the identified risks and leading meetings with internal stakeholders as and when required
  • Professional credentials including degree-level education and a relevant professional qualification Chartered Accountant or equivalent
Qualifications for audit VP
  • Bachelor's degree in Technology or Finance with strong internal or external auditing experience, (Technology background a plus)
  • Graduate degree and/or professional qualifications (e.g., CIA, MIIA, ACCA, CISA, CFRS, CFTA, Series 7, 24, 63)
  • Candidate should have up to 8 years of relevant experience with exposure to the banking industry
  • Currently holds or is actively pursuing CPA, CIA, FRM or other relevant professional
  • Technical knowledge of network devices, operating systems, databases, storage technologies, firewalls, intrusion detection/prevention systems, messaging systems, web application technologies, mobile platforms, DLP tools
  • Familiarity with operational processes, tools and control best practices in managing a complex IT infrastructure environment, including systems monitoring, capacity management, resiliency, security/access controls, configuration/inventory management, backup and recovery, change management, systems development practices
2

Audit VP Job Description

Job Description Example
Our growing company is looking to fill the role of audit VP. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for audit VP
  • Proactively identify regulatory trends across examinations to leverage historical learning
  • Communicates risk themes to senior management through ad hoc communication and structured presentations
  • Lead the audit planning process, prepare audit planning memoranda, identify and evaluate key risks and establish audit scope
  • Responsible for driving / managing certain key strategic initiatives in close coordination with the Chief Auditor
  • Work with other data scientists to drive projects and guide juniors as required
  • Participate business & credit reviews of our institutional banking (IBG) business, credit quality audit and review aspects of Private Bank & Islamic Bank
  • Directly manage Audit Managers and Senior Audit staff and perform human resource management activities, including identifying performance problems and developing plans for remedial action
  • Design control solutions to mitigate risks or gaps identified which may include developing procedures, job aides, and training materials
  • Collaborate and support the Director to define the appropriate coverage strategy and audit plan, taking into consideration the Audit Risk Appetite, the current and expected business environment, the regulatory requirements and the resourcing levels within the Function
  • Review and complete processes and documentation of scoping, risk and control identification, control evaluation and observations in the audit toolkit
Qualifications for audit VP
  • Demonstrated experience with a leading PPM tool 
  • At least 8+ years of Global Investment Management/Alternative Asset Management audit or business experience
  • Solid knowledge of products and services provided within an investment management business, including related fiduciary activities
  • Minimum 8 years experience in public accounting or Internal Audit in a financial services firm, preferably strong knowledge of securities and derivatives related trading businesses and products
  • A related professional certification is expected, such as CISA, CISSP, or CIA, or will be encouraged to work toward a professional certification
  • Execute continuous monitoring for assigned areas
3

Audit VP Job Description

Job Description Example
Our growing company is looking for an audit VP. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for audit VP
  • Assess risks and develop an annual and long-term audit plan approved by the Audit Committee
  • Define the structure of internal controls, observations, identified business risks and practical recommendations to mitigate and manage institutional risks
  • Direct audits, advisory service projects and investigations in accordance with the Standards for Professional Practice of Internal Auditing and the code of ethics of the Institute of Internal Auditors (IIA)
  • Develop and communicate verbal and written findings and recommendations to the Audit Committee, senior management and other appropriate stakeholders
  • Assess and monitor administrative, financial, strategic, technology, compliance and privacy risks related to internal processes and systems in support of enhancing operational efficiency and effectiveness
  • Collaborate with the Finance, Legal and Human Resources functions to develop and monitor risk-based audit programs as regulatory requirements change
  • Coordinate and provide support to the various external agencies conducting audits
  • Develop action plans, timelines, metrics and measures to assess implementation of recommended remedies
  • Establish budget and ensure that the initiatives meet the overall objectives of the organization
  • Assists the Director in the development of the annual business plan and budget that outlines the department’s mission, strategies and action plans and monitors performance against same
Qualifications for audit VP
  • Experience in Wholesale Banking loan file / asset quality reviews and evaluating credit risk management processes
  • Solid understanding of Wholesale Banking loan lifecycle risks and controls from underwriting, through credit administration, credit monitoring and booking
  • Degree holder in any disciplines
  • At least five years of experience auditing fiduciary and asset management activities, including a working knowledge of applicable federal banking and securities regulations (OCC/FRB/SEC/FINRA) and third-party vendor management
  • Degree qualification, with at least 5 years of AML-related experience in control functions such as Compliance or Internal Audit
  • Banking knowledge and experience of at least 12 to 15 years
4

Audit VP Job Description

Job Description Example
Our growing company is looking to fill the role of audit VP. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for audit VP
  • Provide value-added recommendations to management to improve the control environment, increase operational effectiveness, or improve quality of products and services provided by the Company
  • Develop the professional and technical capabilities of audit staff through on-the-job training, targeted training workshops, and industry training events.Evaluate and mentor audit team throughout the year and as part of the annual performance review
  • Develop relationship with technology management, assisting them with identification, testing, and mitigation of risks specific to their environment
  • Coordinate with external auditors and independent consultants in performing technology audits
  • Assist in supporting the regulatory examination process
  • Partner with Audit LOB and Regional Compliance, Global Financial Crimes, Legal, Human Resources, and Chief Administrative Office Leadership teams to drive a consistent and seamless Regulatory and Corporate Audit Program of coverage across the Firm
  • Serve as the Audit representative on key internal meetings, project initiatives that arise, and participate in ad hoc projects as necessary related to Compliance, Global Financial Crimes, Legal, Human Resources, and Chief Administrative Office
  • Manage and/or consult on audit engagements covering Compliance, Global Financial Crimes, Legal, Human Resources, and Chief Administrative Office
  • Partner with Practices and both Audit LOB and Regional Leadership to identify emerging issues and distill thematic or systemic control issues affecting Compliance, Global Financial Crimes, Legal, Human Resources, and Chief Administrative Office
  • Function as the key point of contact for all audit, regulatory related examinations, and validation exercises on a variety of topics, businesses, and functions related to Client Onboarding to ensure the comprehensive management of the exam
Qualifications for audit VP
  • Prior relevant experience as in a credit function in a retail bank or specialist lender, with a focus on mortgages
  • Experience with development of lending criteria
  • Very good understanding of UK mortgage products and distribution channels, from OO to BTL, prime to near prime
  • Experience with scorecard development and usages
  • Understanding of product design and investor performance objectives
  • An understanding of the latest fraud prevention tools and lender processes
5

Audit VP Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of audit VP. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for audit VP
  • Effectively communicate, manage and report on projects as necessary to support the Risk and Controls agenda
  • Participate in the department’s Continuous Monitoring program
  • Assist the AM EMEA Teal Lead with the maintenance of local Audit Plans and Board reporting for AM legal entities
  • Participate in and lead audit engagements from planning to reporting, and deliver quality products within department and professional standards
  • Participate in key location / legal entity governance forums to understand key risk areas, change agenda items, emerging issues, control focus
  • Support the Head of Internal Audit for the Irish entities as required with annual planning and risk assessment process, responses to external requests from regulators and/ or external auditors
  • To influence audit coverage for the location / legal entity and ensure any regulatory required coverage is captured
  • Execute an effective program of continuous monitoring activities, including analysis of key metrics to identify control issues and adverse trends, and keeping abreast of key initiatives and pertinent industry and regulatory developments
  • Lead or participate different audit activities, including standalone technology and business integrated audits, follow-up/verification of issue closure, monitoring various projects with major application development initiatives, and performing continuous risk assessment of coverage areas
  • Deliver high quality audits via comprehensive risk and controls analysis thorough workpaper documentation
Qualifications for audit VP
  • The VP of Internal Audit Methodology should be able to 1) Able to create a vision for continually improving the IA department and is able to execute upon that vision 2) Be familiar with IIA standards, FFIEC handbook and Sarbanes Oxley requirements 3) Have a desire to continually improve department team skills through training program 4) Use influencing skills when working with peers to move the department forward
  • Experience in leading Exam Management protocol, or similar experience
  • Experienced in interactions with regulatory authorities, with a seasoned knowledge of regulatory expectations and industry standards
  • Knowledge of applicable AFC laws and regulations, including Bank Secrecy Act
  • Ability to deliver timely and quality execution in a fast-paced and high-pressured environment
  • Detail oriented and organized, proactive in follow up on pending deliverables

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