VP, Audit Job Description
VP, audit
provides expertise on BSA/AML/OFAC compliance matters, assess and measure BSA/AML/OFAC compliance and related risks.
VP, Audit Duties & Responsibilities
To write an effective VP, audit job description, begin by listing detailed duties, responsibilities and expectations. We have included VP, audit job description templates that you can modify and use.
Sample responsibilities for this position include:
Assisting with the preparation of the audit reports, other presentations and reporting for external and internal stakeholders
Capital actions
Provide insight and guidance on the interpretation of reported exceptions/ analytic output
Partner with colleagues, stakeholders and control community members to evaluate, test and report on the adequacy and effectiveness of controls in relation to associated cybersecurity risks
Be a team member, or may coordinate audits, and will be required to implement dynamic planning through continuous monitoring of the business and successfully implement risk based audits both locally and globally
Be required to complete all work assigned to them on a timely basis
Develop relationships across the franchise and to communicate orally and in writing the results of their work to clients at all levels
Present audit results to various levels of Internal Audit leadership, the business organization
Request for Information (RFI) Coordination – Coordinate the response to requests from External Auditors and regulators, including engaging with relevant technology groups, consistent use of existing materials and management of meetings to maintain traction on responses
Regulatory Engagement – Responsibility for interfacing with regulators and External/Internal Audit where necessary, understanding the engagement model and co-odinating technology regulatory visits onsite with Compliance
VP, Audit Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for VP, Audit
List any licenses or certifications required by the position: CISA, CPA, CIA, CISSP, CISM, ACCA, ACA, PMP, ISACA, CFE
Education for VP, Audit
Typically a job would require a certain level of education.
Employers hiring for the VP, audit 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 VP, Audit
Desired skills for VP, audit include:
Distributed computing environment
System development life cycle concepts with an ability to quickly learn a complex
IIA Standards
Insurance and wealth management industry
Regulatory Compliance
Audit methodologies
Auditing practices
BSA/AML and Sanctions and associated risks and related impacts to the organization
Control frameworks
Holding Company /Bank regulations and the risks and adequate controls
Desired experience for VP, audit includes:
Bachelors degree in Accounting, Finance or related discipline - CPA or similar certification strongly preferred
Well versed in Asia laws and banking regulations
Extensive technical knowledge in the relevant specialist field
At least Bachelor graduate in Computer Science/Information Technology or equivalent work experience with minimum 5 years in external and/or internal audit within Professional Services or financial services
Experience in application controls reviews, security reviews, IT general environmental risk/control reviews, data analysis review and IT Standards on security and governance
Demonstrated experience in major IT related projects - beyond IT General Controls and Application Controls reviews
VP, Audit Examples
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VP, Audit Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of VP, audit. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for VP, audit
- Work with LOBs to ensure the appropriate execution of fiduciary audit coverage
- Establish, as appropriate and applicable, minimum standards and guidelines, including creating and maintaining standard test programs (RAMs)
- Lead and execute audits from planning to reporting and delivering quality products within department and professional standards
- Work closely with regional audit colleagues within the AM audit team in the early identification of emerging control issues and reporting them timely to Audit management and business stakeholders
- Responsible for planning, fieldwork/interviewing, presentation of findings, identifying/assessment of risks
- Provide top notch consultative insights to the team and across all business lines
- Executive Level Presentations on strategy, budget, controls, risks
- Manage the completion of monthly and quarterly corporate finance deliverables including interaction with shared hub teams around CCAR, Resolution & Recovery, Consent Order
- The candidate will support implementation of the Group Audit risk-based methodology including
- Lead, manage and/or participate in audit activities including risk assessments, audit planning, audit testing, control evaluation, report drafting, work paper documentation and follow up and verification of issue closure
Qualifications for VP, audit
- Knowledge of Unix command line
- Knowledge of penetration testing principles, techniques and tools
- Bachelor's degree in Technology or Finance with extensive internal or external auditing experience, with a good level of technology background
- Significant, demonstrable experience with IT auditing in an asset and wealth management context
- Industry certification (Certified Internal Auditor, Certified Bank Auditor, Certified Public Accountant or Certified Internal Systems Analyst)
- Previous programming experience C++, SQL, Matlab
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VP, Audit Job Description
Job Description Example
Our company is looking to fill the role of VP, audit. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for VP, audit
- Jointly develop audit test steps with business functions’ auditors and work with them to evaluate the design and operating effectiveness of end-to-end AML/CFT internal controls
- Partner with data scientists to automate audit tests and perform data analysis to identify key areas of money-laundering risk and to predict risky customers and risk events
- Liaise with businesses and control functions to ensure the Group Audit function is kept abreast of regulatory expectations and market developments relating to AML/CFT
- The candidate will be required to lead (Principal Auditor) and successfully deliver Technology audits, or participate in integrated Business and Technology audits, both locally and globally
- Conduct credit process audits of Corporate Banking, Private Banking and audit of the full suite of branch activities for International Branches
- Contribute to the development of Audit Services policies, strategy and direction
- Manage Audit Services’ resources efficiently, economically and effectively
- Assist with preparation and presentation of reports to Audit Committees of Division subsidiary companies
- Creating supporting documentation to evidence proper governance in the area of Exam Management
- Develop a regulatory management engagement model internally within AFC to promote consistency, quality and timely responses
Qualifications for VP, audit
- Recognized Accounting qualification is desirable although not essential
- Robust knowledge of Trading operations, FX and derivative products, and regulations
- Experience reviewing complex trading processes to draw conclusions report findings
- Experience with software to query and review data such as Excel
- CPA or related certification is preferred
- A strong, comprehensive understanding of US, UK and EMEA global investment banking regulatory framework including but limited to Senior Manager’s Regime, Market Abuse Directive, AIFMD, EMIR, MiFID II, Dodd Frank
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VP, Audit Job Description
Job Description Example
Our company is looking to fill the role of VP, audit. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for VP, audit
- Provide complete, accurate and timely information for reporting
- Stay up to date with the global and regional regulatory and market environment, especially as it pertains to Wealth Management
- Support the governance of Pricing’s User Tool inventory including risk classification and relevant controls
- Lead external audit requests from Audit Firms and Regulatory Agencies that are directed to the Pricing Team
- Develop presentations and recommendations specific to the regulatory and compliance objectives
- Provide thought leadership in the development and implementation of process excellence roadmaps for the end-to-end portfolio pricing functions
- Professional experience working in a complex, global corporation or equivalent
- Knowledge of security, privacy, fraud, and data safeguarding methods
- Advanced persuasion skills when working with internal and external partners to resolve
- In consultation with senior management and the Audit Committee, define the charter, scope of authority and priorities for the organizational risk and internal audit function
Qualifications for VP, audit
- At least 7 year's internal/external auditing experience, with at least 1-2 years covering Consumer Banking products, services, or operational functions with strong knowledge of key Consumer regulations preferred
- Recognised Accounting qualification is desirable although not essential
- Minimum 10 years’ relevant credit risk management in the Corporate & Investment Bank or SME / Enterprise Banking business would be essential
- Front Line experience (Relationship Management) and/ or Credit Risk skills in Corporate/ Institutional Banking Group will be advantegous
- Knowledge of consumer banking, commercial banking, asset management, or investment banking business and additional specialized expertise
- 6+ years of Audit or Non-Audi experience with Wholesale Banking lending products (Corporate, Commercial and Import/Export business)
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VP, Audit Job Description
Job Description Example
Our company is growing rapidly and is looking for a VP, audit. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for VP, audit
- Provides on the job training to audit managers, audit specialists, senior audit supervisor, audit supervisors, senior auditors, associates, interns and audit assistant, as necessary
- Performs periodic performance evaluations of audit managers, audit specialists, senior audit supervisor, audit supervisors, senior auditors and audit associates, as necessary
- Ensures that all audits/projects managed conform to high professional standards, including but not limited to the IIA and applicable regulatory guidance
- Assists the external auditors and regulatory authorities in the performance of their audits and examinations, as necessary
- Manage and supervise a portfolio of audit projects in Investment Management and/or Wealth Management, and assist in the management and development of auditors
- Partner with Technology and Business Auditors to complete risk assessments, control environment assessments, audit scheduling, audit planning, test plan development and execution, audit issue documentation, and reports to senior management
- Build strong relationships with both the Business Unit and Technology senior management
- Present issues and other reports to senior management
- Lead the Technology Audit Function as a subject matter expert in terms of annual audit planning, liaison for Internal Audit with the technology management team, audit project planning and execution, coordination of technology testing across all integrated audits, and executing other essential technology audit strategies
- Perform the annual risk assessment, review the technology audit universe, and develop the related technology audit plan
Qualifications for VP, audit
- At least five years audit experience in consumer products
- Chartered Accountant or equivalent professional finance qualification
- Strong execution skills, ability to work independently with limited supervision and to manage multiple tasks concurrently in an efficient, effective and timely manner
- Ability to effectively and efficiently run audits/manage projects in a team environment and to perform audit work in accordance with department and professional standards
- At least five years audit experience in consumer banking operations
- For VP level candidates a minimum of 10 years’ relevant credit risk management or marketing experience in the Corporate & Investment Bank or SME / Enterprise Banking business would be essential
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VP, Audit Job Description
Job Description Example
Our innovative and growing company is looking for a VP, audit. 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 VP, audit
- Communicate extensively (verbally and in writing) and develop effective relationships with auditors and examiners
- Coordinate with the relevant businesses and functions to obtain information / documentation to respond to regulatory requests
- Prepare business personnel for meetings and schedule business walkthrough/overview with auditors and examination teams
- Identify emerging issues with respect to audits, examinations and validation exercises, and address with regional leaders and senior management
- Prepare substantive written responses to audit and regulatory requests and examination reports
- Provide oversight and consultation on potential matters identified by operations management, risk, and compliance, as necessary
- Analyze risks, proactively identify the root-cause of issues with a view to providing recommendations for improvement where weaknesses are identified
- Track and assist line of business management with identified issues, observations and related action plans, including those identified as a result of Compliance Monitoring, Testing, Audits or Exams or with regulatory impact
- Provide periodic examination status updates and contribute to management reporting, tracking and scorecards related to audits, examinations and regulatory findings
- Ensure pre-audit reviews are conducted at least one calendar quarter in advance for all scheduled internal audits
Qualifications for VP, audit
- Understanding of portfolio concentration risks and mitigating actions
- Experience of solicitor and valuer panel management and impact on pool performance
- Past underwriting experience a plus
- Excellent communication, impact and influence and interpersonal skills
- Strong understanding of credit processes, credit risk management practices and controls in the financial services industry
- 10+ years of Exam Management, Audit/Exam Management or relevant experience