Audit Manager - Lending and Leasing - SMBC
New York, NY 10172
About the Job
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $145,000.00 and $185,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
SMBC is seeking an experienced Audit Manager with a minimum of 8 years’ experience in the banking & finance industry to lead audit coverage of lending and leasing entities within the Internal Audit Department. The Audit Manager will design and supervise execution of internal audits of various complexities, ensuring audit work is performed in accordance with IIA standards and IAD policies and procedures, as well as participate as a team member on other audit engagements or projects.
Role Objectives: Delivery
This position will require the individual to plan and perform internal audits over all Banking areas within SMBC's Americas Division, with emphasis on the credit related business, credit risk management and operations.
- Direct and supervise audit from inception to completion including planning, testing, issue identification, workpaper review and reporting, with limited supervision and support by the team lead.
- Manage a team of auditors to execute high quality reviews within a prescribed timeframe.
- Provide support, coaching, and feedback to audit team which may include internal or co-sourced internal audit professionals.
- Effectively communicate with stakeholder and audit senior management to clearly articulate audit status, testing results and corrective measures.
- As needed, assist with the delivery and execution of IAD's broader audit plan and assurance responsibilities.
Role Objectives: Delivery
- Participate in quarterly and annual continuous monitoring / risk assessment process to identify business trends, changes in the business risk profile, and when necessary, propose updates to the audit plan to reflect them.
- As needed, assist with special projects related to business process improvements or departmental strategic initiatives.
- Track and validate closure of issues raised by the department and regulators.
- Develop, promote and maintain a collaborative and strong working relationship with AD business heads, external auditors, and regulators.
Role Objectives: Expertise
Demonstrate understanding of covered business unit, including organizational structure; key processes, products and activities; relevant risk types; applicable regulations; and client universe. Stay abreast of developments in internal firm policy and audit methodology and incorporate into assessments and findings remediation as required. Leverage expertise to share lessons learned with audit colleagues and refine approach to incorporate best practices from adjacent business verticals and/or jurisdictions. Seek out and complete training courses to sharpen skills as an internal auditor and improve business awareness.
Qualifications and Skills
Perform this job successfully, the employee must be able to perform each essential duty to management’s satisfaction. The requirements listed below are representative of the knowledge, skills and/or abilities required.
- Minimum of 8 years internal audit experience in the banking and finance industry.
- Strong working knowledge of lending and banking/leasing products.
- Strong strategic thinking skills including the ability to identify and assess emerging risks.
- Strong understanding of applicable regulatory standards / guidance for a Bank Holding Company.
- Expert knowledge of audit techniques, risk and internal controls assessment, and workpaper standards.
- Excellent communication, presentation and professional skills including the ability to interact effectively at all levels within the organization.
- Ability to lead teams; strong leadership skills; able to gain respect and cooperation.
Preferred Education/Licenses/Certifications/Registrations: Bachelor's Degree in Accounting, Finance or other related field/CIA
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.