Overview
In this role, the VP is expected to:
– Define the scope of and execute assurance work over audits regionally /globally, as required.
– Stay actively engaged in all phases of assigned audits, from audit planning through testing, completing and reviewing work-papers, producing draft reports, and monitoring budgets and deadlines.
– Develop and implement data analytics and automated testing to identify internal control weaknesses during internal audit reviews and continuous auditing.
– Ensure all audit work is executed in accordance with Departmental Audit Methodology and documentation standards.
– Ensure that each audit is completed within budget (time and effort) through active engagement with other auditors and stakeholders.
– Monitor issue remediation status and verify that issues are remediated prior to closure.
– Carry out special projects, ad hoc investigations and advisory work where required
– Keep the Americas L&C RPD up to date on all key findings and emerging issues.
– Work closely with global counterparts, assist in risk assessing the Audit Entities under his/her specific responsibility.
– Remain current on any changes to the risk profile through continuously monitoring the assigned area of responsibility and establishing close contact with key L&C stakeholders.
– Evaluate any changes in the risk profile of the departments which might result in a change in the audit plan, risk assessments
Mind Set:
Prior experience in the audit of L&C functions in a major Investment Bank. The candidate should have many of the skills and qualifications listed below:
– 10-15 years in Audit with significant focus in L&C ideally at an investment bank
– Expertise in multiple areas within L&C relevant to the audit portfolio (Market Abuse Surveillance, Conflicts Management, Compliance Advisory, AML/KYC, Sanctions, Anti-Bribery and Corruption (ABC), Conduct Risk Management, and Legal, including the use of Master Agreements).
– Expertise in understanding and assessing relevant Compliance, Financial Crime and Legal risks and controls, and a good understanding of the role of technology within L&C.
– Experience in designing and executing data analytics to improve audit efficiency.
– Good understanding of US market structure, and the regulatory compliance environment.
– Demonstrable knowledge of wholesale banking, broker dealer and swap dealer activities and related regulatory framework/regulations.
– Leadership skills and an ability to work across teams.
– Confident manner and well-developed communication (both verbal and written), influencing, interpersonal and project management skills.
– Ability to effectively discuss control issues with senior auditees.
– Ability to lead the development of risk-based audit plans under the audit methodology to assess the effectiveness of L&C functions.
– Strong analytical skills with the ability to identify key risks and formulate audit plans, with sound judgement on the criticality and impact of issues raised.
– Strong time and project management skills, consistently delivering to deadlines (budget and time).
– A bachelor’s/Master’s degree supported by work experience in Compliance and Legal or as an auditor in a financial services firm, consulting firm or Big 4 firm.
– Perform moderately complex BSA/AML audits including drafting audit reports, presenting issues to the business, and discussing practical solutions.
– Proficiency with BSA/AML regulatory requirements for investment / wholesale banking activities, products and services
– To provide advice and guidance on the design and operation of financial crime systems and controls, by which the Americas region mitigates financial crime risk.
– Additional Certifications like CAMS, CIA, CISI or equivalent.