Vice President-Internal Audit-Risk Specialist

Title: Vice President-Internal Audit-Risk Specialist

Office Status: NYC 3x a week in office

Salary: $175,000-$190,000 + 20% Bonus

A global investment bank that just launched a new joint venture with a prominent asset management firm is looking for a Vice President of Internal Audit-Risk Specialist. The Vice President is expected to make key contributions to Audit’s regular assessment of the adequacy and effectiveness of the Risk management program across the first and second lines of defense. The Vice President of Internal Audit-Risk Specialist is primarily responsible is to lead and contribute to audit assignments.

Responsibilities

• Independently, leading various types of audit missions (including complex, global, multi-team/integrated, etc.,) overseeing all aspects of the audit process and having full ownership of the audits assigned
• Preparing high quality and impactful audit reports, especially executive summaries that effectively address the key issues to be raised to management’s attention.
• Actively participating in department’s continuous monitoring programs - understands the ongoing changes in internal and external environment related to specific audited activities and evaluates the impact of changes on the business and company.
• Participating in various stages of the annual risk assessment and providing professional conclusions on the risks' evaluation
• Coaching the staff to help develop their competencies and provide formal feedback to team members that is objective, constructive and meaningful.
• Leading and participating in department wide transformation projects and actively contributing, communicating, and implementing the changes, and supporting others through the process

SKILLS AND QUALIFICATIONS:

• Demonstrate in-depth knowledge and understanding of banking products, financial services, and industry, including the different trading products and activities, and the related risks (market, counterparty credit, liquidity, operational, regulatory, etc.) and controls.
• Ability to use these skills to plan or execute audits using a risk-based approach (e.g., identify key risks, control points, and suggest approaches for testing/sampling)
• Bachelor’s degree in business, Accounting, Finance, Economics or on a quantitative field like Engineering or Mathematics
• Understanding of relevant US regulatory expectations and rules including prudential rules such as Reg YY, SR 10-6, SR 11-10, SR 12-2, Market Risk Rule, or those from other regulators of comparable.