Audit Manager Traded Products-GAAP​/IFRS

Job Description

This job is responsible for overseeing assigned areas of audit work acting as an Auditor-in-Charge (AIC), and executing on the audit strategy for Lines of Business (LOBs). Key responsibilities include driving risk-based auditing by defining scope and test procedures to evaluate the control environment in conformance with audit policies, assessing issues for business impact and recommending severity ratings, drafting audit reports, and managing business partner relationships.

Job expectations include fostering an inclusive work environment, and mentoring team members.

In addition, this role is expected to act as a subject matter expert (SME) on accounting matters, with a strong focus on the US GAAP accounting treatment of banking and traded products. Job expectations include evaluating and opining on the appropriateness of accounting treatment under US GAAP, and articulating key differences between US GAAP, IFRS, and other relevant accounting frameworks as they relate to banking activities and traded products.

This expertise supports audit risk assessments, issue evaluation, and effective challenge of management judgments.

The role also includes fostering an inclusive work environment and mentoring team members to support professional development and audit quality.

• Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs, and drafting audit reports leveraging automation and innovative methods in a timely and high quality manner
• Acts as Auditor-in-Charge (AIC) by overseeing audit testing and ensuring it is executed in a timely manner and conforms with quality standards, audit policies, and procedures
• Assesses impacts to business processes, controls, and strategies to provide recommendations on severity ratings and escalates broad themes or trends accordingly based on existing business knowledge
• Exercises intellectual curiosity and judgment to effectively influence and challenge management to improve the control environment and drive continuous improvements on audit
• Oversees a team of associates and provides day-to-day mentoring and guidance and fosters an inclusive work environment
• Maintains business partner relationships, primarily with line management, to develop business knowledge
• Exercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environment
• Serve as a subject matter expert (SME) on accounting matters, with a strong focus on the US GAAP accounting treatment of banking and traded products
• Evaluate and opine on the appropriateness of accounting treatment under US GAAP, including management interpretations, estimates, and adjustments impacting financial results. Provide expert challenge and insight on differences between US GAAP, IFRS, and other relevant accounting frameworks as they relate to banking activities and traded products and assess the audit and control implications of those differences
• Oversee the planning, execution, and quality of SOX testing for assigned areas, including evaluating control design and operating effectiveness and assessing the impact of identified deficiencies

• Fully qualified professional accountant (CPA, ACA, ACCA, or equivalent), or a degree in accounting or job related field
• Minimum of eight years’ work experience, the majority of which is spent in a financial reporting function or similar function (preferably product control) within a large multinational bank
• Understanding of banking products
• Evaluates processes and operational risks to identify controls and determine gaps
• Experience with data management and governance
• Experience in risk, testing, compliance, audit or related work experience
• Experience in a people leadership role
• Builds strong team relationships through effective communication and collaboration
• Executes multiple tasks simultaneously
• Displays a proactive mindset and effective time management
• Demonstrates a results-driven and detail-oriented mindset

• Experience as an Auditor-in-Charge overseeing audit jobs, performing timely execution and aligning with…