Banking - Internal Audit - Credit Risk Audit at Beta Search Inc

Industry: Financial Services - Investment Banking

Job Category: Finance / Accounting - Internal Audit

Job Summary:

We're seeking a Vice President, Credit Risk Audit who will be subject matter expert responsible for project management of assigned audits reporting to the Director – Credit Risk within Internal Audit for the Americas (IAA).  This includes planning, fieldwork, reporting, issue tracking, and follow-up on all audits and regulatory finding validation. You will also be accountable for stakeholder management, judgment calls on audit work, first level review and staff management on individual audit engagements.

Responsibilities:

• Lead a team of credit risk subject matter experts and execute assigned audits within the audit plan and issue management, with limited supervision
• Identify and understand risks and controls in changing environments with the ability to execute the full life cycle of an audit, from planning to audit close.
• Review and challenge audit staff and audit judgment in scoping, risk and control identification, findings and observations, and documentation to ensure accuracy.
• Partner with the wider audit function and act as a subject matter expert fostering a collaborative environment
• Perform risk assessments of assigned Auditable Entities, supporting the Audit Director to dynamically manage the audit plan for the assigned portfolio
• Keep abreast of regulatory developments within the wholesale banking credit risk space and assess the impact on the audit plan
• Proactive coordination of audit and regulatory finding follow-up with stakeholders and prompt escalation of challenges.
• Developing and maintaining constructive, collaborative relationships with relevant stakeholders, providing effective challenge and guidance.
• Maintain compliance with audit methodology, while also operating within industry best practices, applicable standards and regulations, and internal and external professional practice expectations.
• Actively participate to create a culture of high performance and continuous improvement. Set high standards of performance and behavior for self and the team.
• Support strategic change initiatives and deliver enhanced performance and practices, taking others with you.
• Proactively make the use of wider data analytics capabilities within the function to drive efficiencies within audits.

Qualifications:

• 7+ years internal audit or credit risk management experience
• Subject matter expertise in wholesale banking credit risk
• Knowledge of risk assessment, audit methodology, and audit execution
• Experience in managing end to end delivery of audits and regulatory validations
• Knowledge of key regulatory requirements for Credit Risk (SR 13-3, SR 11-10 etc.)
• A strong understanding of key governance, strategy, risk and management processes, internal control, and internal audit within the banking sector.
• Strong analytical, problem-solving, verbal and written communication skills
• Bachelor's degree