Internal Audit - Credit Rsik

Summary

The Vice President, Internal Audit - Credit Risk is responsible for leading and executing audits, issue validations, risk assessments, and special projects covering credit risk management activities across banking and trading portfolios. The role provides independent assurance on the effectiveness of credit risk governance, risk management practices, internal controls, and regulatory compliance. The Vice President partners closely with Risk Management Audit leadership and key stakeholders to identify emerging risks, assess control effectiveness, and drive operational excellence within the audit function.

This role is hybrid and based in our New York City office.

Lead all phases of the audit lifecycle, including planning, fieldwork, reporting, issue validation, and follow-up activities for credit risk audits. Assess the identification, measurement, monitoring, and management of credit risk across business lines and products. Evaluate credit risk management practices across a broad range of products, including loans, interbank transactions, trade finance, foreign exchange transactions, futures, swaps, bonds, equities, and options.

Support the development and execution of the annual risk assessment, audit plan, audit schedule, and continuous monitoring activities. Prepare and present management information and reporting related to credit risk audits and monitoring activities. Assist with maintaining the Off-Site Monitoring Program and monitoring emerging risks within assigned audit coverage areas.

Lead issue validation activities related to regulatory findings, internal audit observations, and third-party reviews. Review testing approaches, evaluate remediation plans, and assess the effectiveness and sustainability of corrective actions. Partner with Risk Management Audit leadership to identify control weaknesses, emerging risks, and opportunities for improvement. Support interactions with regulatory agencies, external auditors, and other third parties, as appropriate.

Drive efficiency and consistency by adhering to Internal Audit policies, methodologies, and professional standards. Identify and implement opportunities to enhance audit effectiveness through process improvements, data analytics, and automation. Remain current on regulatory developments, industry trends, and emerging risks affecting credit risk management. Participate in special projects, working groups, and committee assignments as directed by audit leadership.

Collaborate with audit teams, risk management, compliance, and control functions to ensure coordinated and effective coverage. Communicate audit findings, risk insights, and recommendations clearly and effectively to management and stakeholders. Provide coaching, guidance, and technical expertise to less experienced team members. Support Internal Audit's Quality Assurance initiatives and promote adherence to departmental standards and procedures.

• Education Bachelor's degree in Accounting, Finance, Economics, Business Administration, Computer Science, Management Information Systems, or a related field.
• Advanced degree and/or professional certifications such as CPA, CIA, CISA, CFE, CA, or MBA preferred.
• Experience 5-8+ years of relevant experience in internal audit, external audit, risk management, regulatory supervision, or related financial services functions.
• Strong experience auditing and/or assessing credit risk management frameworks within a banking or capital markets environment.
• Knowledge of credit risk management practices, regulatory requirements, and first- and second-line risk management controls.
• Experience leading audits, issue validations, and special projects.
• Experience interacting with senior management, regulators, external auditors, and audit leadership.

• Strong understanding of internal audit principles, risk management frameworks, internal controls, and regulatory expectations.
• Demonstrated knowledge of credit risk management and associated banking and capital markets products.
• Excellent analytical, organizational, project management, and problem-solving skills.
• Strong written, verbal, and presentation skills with the ability to communicate effectively across all levels of the organization.
• Ability to manage multiple priorities, meet deadlines, and work effectively in a…