Our client, a commercial banking company in NYC is looking for hardworking, motivated AVP of internal audit to join their team. Don’t wait… apply today!What's in it for you?
$100-140K Annually, dependent on experience
Hybrid - 3x per week on site in their midtown location
Industry: Commercial BankingACCOUNTABILITIES:Managing and delivery of audit and other assignments in compliance with policy and procedures (40%) Assist the Team Head or the Chief Auditor to manage the designated areas within Corporate Support Unit, Overseas and Regulatory Audit Team, including job and resources planning. Act as the Team Leader to lead the audit team(s) or participate as the Team Member in conducting regular audits, special reviews and/or specific assignments as requested and complete the assigned tasks in accordance with the audit plan or specific timelines as required by the regulators or senior management. Monitor the progress of assigned audits, reviews and/or assignments closely and report the status to Team Head / Team Leader regularly. Work with auditees to resolve issues and come up practical solutions with reasonable target dates. Prepare the audit deliverables including Audit Announcement Memo, Audit Planning Memo (APM), Terms of Reference (TOR), Process Risk Control Matrix (PRCM), Audit Finding Sheet, Audit Report and work papers in a timely manner with quality and least revising work or repeated comments from reviewers. Compliance with internal policy and procedures, specifically the Audit Manual, in delivering audit work at all times. Provide coaching, guidance and support to subordinates as required to ensure they are competent to perform the jobs, meet the audit standards and adhere to the Audit Manual. Uphold a high integrity standard and the core values/culture of the Bank. Assist the Team Head to assess the progress of the Bank Cultural Reform via BAU audits and advisory. Assist the Team Head to achieve the goals and objectives as reflected in the Balanced Score Card of IAG and nil receipt of high severity findings from the HKMA against internal audit. Support frontline and adhere to anti-money laundering / counter terrorist financing requirement and sanction risks controls in accordance with regulatory standards and BANK policies.Tracking, validating the completion of remedial actions and reporting the progress (20%) Track the completion status of remedial actions and update the progress periodically. Validate the implementation of management remedial actions in quality without delay.Stakeholder engagement and continuous risk monitoring (20%) Maintenance of good relationship with internal stakeholders and auditees to ensure effective communications of the identified risks and audit issues. Act as the Product Champion of designated auditable entities to understand and monitor their business development initiatives and risk exposures for continuous monitoring and socialization. Keep abreast of internal policies, regulatory and industry development as well as business changes relating to the designated auditable entities and update the Permanent Audit File accordingly. Perform annual risk assessment on the designated auditable entities in quality without delay in order to assist Team Head or Chief Auditor to form the basis of audit priority, frequency and areas of focus. Assist the Team Head to regularly review of the Audit Charter, Audit Manual, Process Risk Control Matrix and quality assurance and risk assessment tools to meet regulatory and industry standards. Provide advisory service on risks and internal control to the business and functional units. Attendance of project steering committee, governance and business meetings as directed by the Team Head or the Chief Auditor and socialize key business development or risk updates, if any, among the team.Management and committee reporting (10%) Assist the Team Head or Chief Auditor to prepare quality reports and/or presentation for timely submission to senior management, Audit Committee, Bank and/or governance committees where appropriate.Learning and development (5%) Sharing the knowledge and experience gained during the audit and / or latest regulatory / industry development with others. Attendance of relevant training to achieve the objectives as defined in Training Need Analysis.Audit related project monitoring (5%) Participating in the implementation of new initiatives related to data analytics and project Tango. Assist the Team Head to carry out day-to-day supervision on the audit deliverables of outsourced vendor of US branch audits – CPA firm to ensure they will meet OCC standards on closing the MRA. Assist the Team Head to control IAG expenses to be within approved budget and consideration of cost saving opportunities to achieve actual costs below budget. Take up any other functions assigned by the Team Head or the Chief Auditor.Qualifications:Education: Degree holder in Banking, Risk Management, Finance, Accounting or related disciplinesWorking Experiences: Minimum 8-10 years’ audit or accounting experience with at least 5 years in banking industry. Strong audit exposure in BSA/AML, OFAC and regulatory control environment is plusProfessional Examination / License: CPA or CIA/Certified Internal Auditor is required.Are you Interested?Share this job with friends and family and earn dollars with every successful hire.
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