Audit Project Manager – Model Risk

Responsibilities

• Completing audit engagements, ensuring the highest quality work delivered timely.
• Ensuring work contains relevant facts to support audit scope and conclusions and adheres to internal audit policies and procedures.
• Drafting issues to ensure potential exposures and significance are included, root causes are identified, and operationally effective and cost-effective actions to address those causes are developed into appropriate recommendations.
• Completing or assisting managers in planning audit engagements.
• Identifying and analyzing business processes, key risks and critical controls; interviewing auditees; determining audit scope; evaluating control design adequacy; and developing audit programs which provide sufficient guidance for testing control performance effectiveness and making evaluations which effectively achieve audit objectives.
• Assisting the managers in reporting and wrap-up phases of audits.
• Disposing of issues and drafting audit reports which include issues.
• Monitoring progress of audit engagements against plan and schedule.
• Making necessary adjustments and promptly completing work paper reviews to ensure all issues are identified and dispositioned prior to report draft issuance.
• Providing on-the-job training for staff, as needed.
• Applying business knowledge of products, services, delivery systems; company policies and procedures; applicable laws and regulations; and formal/informal control frameworks.
• Collaborating across the three lines of defense regarding business processes, risks, and controls with focus over models and qualitative estimation methods.
• Coordinating audit activities by integrating other internal audit subject matter teams to ensure appropriate and efficient coverage of the business products, services and processes.
• Managing the team's workload to assist other audit teams when resources are needed for areas of higher risk.
• Performing other duties as requested by management.

• Bachelor's degree, or equivalent work experience
• Typically more than eight years of applicable experience
• Experience auditing risk functions
• Advanced organizational skills
• Excellent verbal, interpersonal, and written communication skills
• Advanced process facilitation, project management, and analytical skills for complex processes
• Adapts well to change
• Strong critical thinking, analytical, decision-making, and problem-solving skills
• Ability to extract, collect, organize, analyze, and interpret trends or patterns in data sets
• Ability to manage multiple tasks and deadlines simultaneously
• Thorough understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls
• Experience executing audit engagements, and providing feedback to staff
• Business acumen, credibility, and respectful demeanor to help line(s) proactively identify and address changing workforce needs
• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Considerable understanding of the business line's operations, products/services, systems, and associated risks/controls
• Considerable knowledge of Risk/Compliance/Audit competencies and ability to hold others accountable on individual projects