Internal Audit Manager

Internal Audit Manager

· The Audit Manager is predominantly focused on the management of the audit plan, driving the audit cycle for each of the assigned projects from start to finish, including the planning phase, fieldwork and report clearance. The Audit Manager’s primary measure of success is the timely and successful completion of assigned projects and the audit plan, while identifying key risks and meaningful issues about the design and effectiveness of controls and ensuring that audit staff produces high quality work. The Audit Manager must manage a number of auditee relationships, be a good role model and team player, and develop staff under his or her responsibility.

Responsibilities

Strategic Control Impact

Identify emerging and top risks, as well as controls to manage risks

Develop strong relationships with business partners.

Monitor and review staff work to ensure timely remediation of control issues

Support my client’s risk management priorities:

o Take ownership for identifying risk, such as credit, market, liquidity, operational, legal, compliance, third party, technology, and systemic, within his or her assigned area of responsibility

o Adhere to departmental risk policies, procedures and best practices

o Identify opportunities for improving existing processes or creating new ones that more effectively anticipate, manage and reduce risk to my client and its participants

o Maintain awareness of regulatory issues and comply with regulatory requirements

o Demonstrate the behaviors of and build competency with creating a risk management mindset

Audit Execution

o Manage the audit lifecycle and communicate potential issues to IAD and Business Management. Contribute to the development of the annual audit plan and periodic reassessment of risk coverage.

o Consistently demonstrates an ability to complete high quality and risk-focused audits on time and on budget, notifying IAD Management promptly of any possible impediments to success or when budgets might be exceeded

o Review audit work performed by his or her staff to ensure audit documentation standards are adhered to

o Develop and effectively communicate audit issue and reports with the IAD and Business Management s to facilitate timely report clearance.

Quality Process

o Oversee all work performed by his or her staff to verify compliance with IAD’s policies and procedures, specifically for audit documentation and issue remediation standards.

o Works with Audit leadership to continuously review and improve processes

Individual & Team Development

o Effectively communicates to his or her team expectations.

o Develops and maintains effective working relationships with IAD peers and business lines.

o Coaches and develops his or her staff

Qualifications

Minimum of 7 years of related experience in internal or external audit, compliance, or risk management is required. Some background particularly in market, credit, liquidity, quantitative/model risk management would be desirable.

Bachelor’s degree from one of the following or related fields is strongly preferred: Accounting, Economics, Finance, Mathematics, Statistics, Engineering, or one of the physical sciences.

Beneficial, but not required, are certifications related to the incumbent’s coverage responsibilities, such as Certified Public Accountant, Financial Risk Manager (FRM), Certified Financial Analyst (CFA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA).

Master's degree preferred.

Additional Qualifications

My client’s Leadership Model sets out the core behaviors required of all employees. Each Audit Manager position is unique and may require the incumbent to have or build specific knowledge of the businesses, products, functions, and processes within his or her coverage responsibilities.

More broadly, successful Audit Managers typically demonstrate the following skills and behaviors:

· Excellent written and oral communication skills

· Ability to manage multiple audit projects

· Strong analytical and problem solving skills

· Self-starter, with the ability to work independently and in teams

· Attention to detail

· Able to ask the right questions and challenge the status quo in a professional manner

· Attention to risks, controls, and potential impact

Business Unit: Internal Audit

The Internal Audit Department's (IAD) mission is to deliver independent assessments of the organization’s overall control environment and to promote proactive risk identification and mitigation.

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