Audit Project Manager - Banking Products

Overview

Complete internal audit engagement assignments with minimal supervision, primarily focused on annual key SOX financial statement control testing and other audit support work for Banking Products over the next 36 months.

What you'll do

• Perform control testing, or supervise staff auditors performing control testing, based on audit program directions, using appropriate sampling and control testing techniques.
• Identify and assess the relevance of possible issues, and document work performed to support audit scope and conclusions and to meet internal audit policies and procedures.
• Draft audit issues under the supervision of audit team management, including potential exposures and significance, appropriate root causes, and operationally and cost-effective recommendations.
• Assist audit team management in the reporting and wrap-up phases of audits, including drafting audit reports.
• Serve as a subject matter expert in a particular topic, help drive strategy, and support multiple audit engagements covering related topics.
• Handle complex tasks autonomously and influence business line understanding of risk mitigation.
• Assist audit team management in planning audit engagements, including understanding risk and risk management techniques, identifying and analyzing business processes, key risks and critical controls, interviewing auditees, and evaluating control design adequacy.
• Provide coaching and on-the-job training for team members, as applicable, to ensure engagements conform to internal audit policies and procedures.
• Partner with the assigned line of business and other Risk/Compliance/Audit professionals and managers to create, implement, maintain, review or oversee an effective risk management framework.
• Participate in projects and/or activities to ensure compliance with applicable federal, state, and local laws and regulations.
• Identify gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems, or human errors.
• Identify, respond to, or escalate risks, as appropriate.
• Learn from and apply coaching received.
• Perform other duties as requested by audit team management.

What you'll need

• Bachelor's degree, or equivalent work experience.
• Typically more than eight years of applicable experience.
• Internal audit experience in the financial services industry in areas including SOX, regulatory compliance, and risk management.
• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact Banking Products.
• Considerable understanding of Banking Product's operations, products and services, systems, and associated risks and controls.
• Considerable knowledge of Risk/Compliance/Audit competencies and the ability to hold others accountable on individual projects.
• Advanced process facilitation, project management, and analytical skills for complex processes.
• Thorough understanding of The Institute of Internal Auditors' Global Internal Audit Standards and the common definition of internal controls.
• Business acumen and credibility to help business lines proactively identify and address the evolving risk landscape and changing workforce needs.
• Excellent presentation, interpersonal, written, and verbal communication skills.
• Strong critical thinking and analytical skills.
• Proven adaptability to changing priorities and the ability to manage multiple tasks and deadlines simultaneously.
• Ability to successfully coordinate with multiple groups to complete projects.
• Proficient computer navigation skills using a variety of software packages, including Microsoft applications.

Nice to have

• Advanced financial services industry knowledge relevant to Banking Products, including Consumer and Business Banking (e.g., retail, business banking, mortgage, etc.), Corporate and Commercial Banking, and Capital Markets.
• Relevant Capital Markets product knowledge, including derivatives, foreign exchange, fixed income, and municipal products.
• Relevant knowledge of laws and regulations applicable to securities and derivatives, including Swap Dealer requirements, the Market Risk Rule, FINRA, MSRB, and the Volcker Rule.
• Relevant mortgage product knowledge, including knowledge of laws and regulations applicable to mortgage originations, i.e., the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA).
• Applicable professional certifications or credentials, such as CIA, CPA, CFSA, CRCM, FINRA licenses, CFA, CIDA, another relevant professional designation, or an advanced degree.

Details

• Location: Chennai, India.
• Posting may be closed earlier due to high volume of applicants.