Internal Audit – Operational Risk – Vice President

Internal Audit – Operational Risk – Vice President

Requirements

• Bachelor’s degree (or higher) in finance, accounting, risk management or a quantitative discipline
• 8+ years of relevant work experience in Internal Audit in financial services, or Operational Risk Management
• Highly motivated, delivery focused, analytical and detailed self-starter with proven record in a team-based environment
• Knowledge of regulatory rules and expectations for operational risk management and measurement
• Led project teams to deliver audits within assigned timelines and in line with stated audit objectives
• Excellent communications skills (oral and written) to clearly articulate issues and ideas with different levels across stakeholders
• Proficiency in Microsoft Office Suite
• Knowledge of financial markets, products and financial and non-financial risk management (Market, Credit, Liquidity, Operational and Counterparty risk)
• Strong leadership, interpersonal, and relationship management skills
• Ability to work effectively across a large audit team, understanding the team’s role in the overall strategy of the firm
• Ability to multi-task and remain organized in a fast-paced environment, willing and able to learn new businesses and processes quickly

Responsibilities

• Expertise in operational risk management framework within the first and second lines of defense, including risk and control self-assessment (RCSA), operational risk event management, scenario analysis, risk appetite metrics, issue management, and control monitoring & testing
• Lead audits focused on non-financial risk management including project team management throughout the audit lifecycle (planning and scoping, fieldwork, and reporting) within assigned timelines and in line with audit objectives
• Conduct walkthroughs with stakeholders to perform control design assessments and present results of work performed to Internal Audit and business senior management
• Execute and oversee audit testing to ensure audit fieldwork is focused on the relevant risk and controls for areas in scope and documentation meets high quality standards
• Assess risk and mitigating controls, and identify areas which may require control environment enhancements
• Prepare commercially effective audit conclusions and findings, and present to Internal Audit senior management and business stakeholders
• Follow-up on open audit issues and validate their resolution
• Participate in department-wide initiatives aimed at continually improving Internal Audit’s processes and supporting infrastructure
• Develop and maintain key stakeholder relationships and regularly engage with the business during the year to assess changes in the risk and control environment

Preferred Qualifications

• Relevant certification or industry accreditation (e.g., CPA, CFA, CIA) is a plus
• Knowledge of core capital planning disciplines: capital planning governance, risk identification and scenario design, stressed projections for revenue, balance sheet, RWA and capital and credit, market and operational losses, quantitative and qualitative estimation methods and FR Y-14 submissions
• Knowledge of financial risk management disciplines is a plus, including credit risk, market risk or funding/liquidity risk
• Knowledge of enterprise risk management best practices and controls, including risk governance, risk measurement, Board and regulatory risk reporting