Audit Project Manager - Model Risk

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Job Description

This Audit Project Manager (APM) position supports the Model Risk team within Corporate Audit Services (CAS). The Model Risk APM is primarily responsible for completing audit engagements with minimal supervision from managers. The APM is expected to execute audit engagements against plan and schedule, collaborate with stakeholders, and ensure engagements are completed in conformance with internal audit policies and procedures. This individual will also be involved in other continuous monitoring routines, side projects, department initiatives, and other administrative audit activities.

Primary Responsibilities

* Completing audit engagements, ensuring the highest quality work delivered timely. This includes:

* 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. Includes 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. Includes appropriate disposition of issues and drafting audit reports which include issues.

* Monitoring progress of audit engagements against plan and schedule. Includes making necessary adjustments and promptly completing work paper reviews on a timely basis to ensure all issues are identified and dispositioned prior to report draft issuance.

* Providing on-the-job training for staff, as needed. Includes business knowledge of products, services, and 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 (Information Technology, Anti-Money Laundering, Compliance, Risk Management, Treasury, etc.) 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.

Basic Qualifications

* Bachelor's degree, or equivalent work experience

* Typically more than eight years of applicable experience

Preferred Skills/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,…