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Company is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm’s employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic:
1. Putting Clients First
2. Doing the Right Thing
3. Leading with Exceptional Ideas
4. Giving Back
Company is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.
Internal Audit is responsible for validating whether the firm operates in a controlled environment with appropriate risk management processes. Auditors evaluate the adequacy and effectiveness of the firm’s internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firm’s compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry.
The department reports directly to the Board Audit Committee and helps verify whether the firm meets all of its fiduciary responsibilities to shareholders, while adhering to corporate governance standards and legal and regulatory requirements. Internal Audit is comprised of Business and Technology auditors. Business auditors focus on understanding the risks that the businesses face and the controls to mitigate those risks. Technology auditors focus on the application controls supporting the business processes, including systems development, application security and entitlements, production management, and technology governance. Both groups are responsible for understanding, analyzing and testing the controls to protect the franchise.
Background on the Position
The Company Internal Audit Capital Planning (CP) Audit function is comprised of multiple staff that reside within the Risk and Finance audit teams. The function is responsible to plan and co-ordinate year-round audit work on CCAR, working effectively with other Internal Audit staff within the Business, Risk, Finance and Technology teams. Within the Capital Planning Audit function resides the CP Content Management and Oversight (CMO) Office that maintains responsibility to coordinate and drive the execution of the CP audit strategy; and strengthen CP Audit communication, collaboration, consistency and execution.
Company is seeking an experienced audit professional for the CP Audit function who will work within the CMO team to provide support on oversight of CCAR/Capital Planning audits and assessments of capital planning-related activities. Furthermore, the successful candidate will provide guidance to the audit teams on compliance with audit strategy, methodology and applicable regulations. This role has a direct reporting line to the Capital Planning Portfolio Coverage Manager (PCM) who is responsible for compliance and oversight of capital planning audit activities.
• Assessing the impact of work planned and completed within the department on capital planning
• Assist in the identification and documentation of thematic reportable issues.
• Working with the PCM to drive the development and supporting materials for required capital planning regulatory-related reporting.
• Collaborating with audit execution teams to ensure alignment with the Capital Planning Audit Strategy and Capital Planning Specialist Execution Guidance as it relates to the nature, timing and extent of audit coverage including the populations covered, test period, sample approach and rationale
• Communicating expectations, results, and status through governance documents, training, and status updates
• Build credible relationships and interaction with Senior Management within Internal Audit and the Firm
• A team player who supports the broader audit functions by leveraging their knowledge to the best use of the Firm.
• Strong analytical, interpersonal, communication and writing skills.
• Self-motivated, able to work independently, resolve challenging issues with innovative ideas, and demonstrate strong analytical, interpersonal, team-working and communication skills.
• Proficient understanding of the regulatory environment, and regulatory capital rules, with respect to the Federal Reserve Bank, the SEC, and OCC.
• Prior experience communicating with Regulators and senior management (desirable).
• Masters in Finance or Risk (desirable)
• CPA, CIA, PRM, and /or FRM qualifications (desirable)
• A four year college degree in a business discipline (e.g., finance, economics, accounting).
• Seven or more years of experience in financial services.
• A strong understanding of processes and technologies supporting all phases of Capital Planning and CCAR, and an appreciation of model development and model validation practices.
• A strong understanding of internal audit processes including identifying and evaluating key risks, setting the audit scope, developing audit testing, and managing staff assignments.
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