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US Wholesale Banking, Investment Banking & Markets Audit Head, Managing Director
Mitsubishi UFJ Financial Group
New York, NY, United States
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Description
Job Summary
The Managing Director, US Wholesale and Investment Banking (USWIB), Markets Audit position is a senior management role within the Internal Audit for the Americas function. The role reports to the MD - Division Audit Executive and is responsible for leading coverage of the Wholesale and Investment Banking (WIB) and Markets business lines. The Managing Director owns relationships with senior level executives within the division and is responsible for all aspects of audit coverage, including audit strategy, internal and external stakeholder management, staff management, and accountability for the quality of and judgment calls in resulting audit work. The successful candidate will be a seasoned manager with extensive product knowledge and expertise. The role is balanced between day-to-day high level operational execution and development of the strategic direction of the relevant business areas.
Responsibilities:
• Prepare the Annual Audit Plan.
• Maintain strict work standards. Specifically, manage the quality of risk assessment analyses, risk identification/control, testing focus and work paper standards on each review to department expectations paying attention to changes in refinements to methodology planned or emerging in the industry.
• Enforce appropriate usage of audit work flow processes and apply management protocols (reporting, quality review, work flow disciplines).
• Improve productivity, maintain strong quality of deliverables.
• Remain current on key business, control processes and risks.
• Maintain product expertise and knowledge of industry best practices.
• Anticipate emerging issues that impact the Bank's risk profile.
• Coordinate with business managers on audit's role in assessing risks and controls.
• Develop and manage members of the audit team.
• Articulate direction of the project including, strategic issues and risks.
• Ensure regular contact with team on a variety of assignments.
• Build and maintain relationships with audit clients.
• Establish and project a senior management tone and style in all communications, presentations, and interactions.
• Participate on global initiatives.
• Assist in developing presentations for senior management, Audit Committee and the Board of Directors with respect to the risk management audit scope, coverage, and findings.
• Provide guidance, as well as coach audit manager and staff to enhance their skill levels
• Establish partnering, yet independent and objective, relationships with auditees.
• Coordinate audit activities with the business unit as necessary, to minimize duplication and leverage combined efforts.
• Participate in departmental training, career development and professional development activities.
Qualifications
• 15+ years’ experience in conducting and managing audit or control functions.
• Extensive knowledge in risk based audit methodologies, risk assessments, annual planning, risk and control, quality and assurance practices.
• Must have extensive auditing experience and strong knowledge of financial products, capital markets, related operations functions, and relevant regulatory requirements (including Volcker, Dodd-Frank/Swap Dealers, FINRA regulations).
• Strong understanding of transaction banking products and services, including payments, cash management, deposits, trust operations, and custody services.
• Proven track record in project management and coordination/ integration efforts across multiple audit groups.
• Demonstrated ability in managing large audit teams and a track record of developing audit talent.
• Excellent communication - presentation and writing ability.
• Strong knowledge of the audit and banking/financial industry and its associated risks.
• Evident success in developing audit techniques and developing productivity and strategic enhancements.
• Understanding of core information technology processes and controls, current trends in corporate information technology and emerging themes in the market place.
• Experience in control design and optimization associated with system implementations and upgrades.
• CPA and/or CIA certifications preferred
• College degree or equivalent professional experience