Audit Manager- Model, Market Risk and Capital Audit in New York City, New York | DiversityInc Careers
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Audit Manager- Model, Market Risk and Capital Audit

Job Description
The Audit Manager is accountable for overseeing the planning and execution for audits covering discrete business units or functional corporate areas. The job will also oversee the Audit team performing the audits.Job Requirements
• Working closely with other members within MMR&CA or other audit groups for audit planning, risk assessment, reviewing audit fieldworks, audit reporting, or conducting audit tests as required
• Contributing to the completion of the overall audit process, including development of appropriate audit programs, ongoing client communication, execution of the audit tests, documentation, and reporting of the audit test results
• Identifying and recommending key controls and safeguards that help improvements or enhancements of policies procedures, and or processes throughout the organization
• Preparing and presenting audit findings and recommendations to management
• Preparing audit reports and the summary of review memorandum for internal review and approval
• Leading and conducting audit findings validation or review of the audit findings validation
• Being a subject matter expert in supporting other audit groups in certain quantitative aspects when required
• Coaching junior auditors in executing audit testing
• Supervising staff and audit projects
• Bachelor's degree required
• Advanced degree preferred
• 8+ years related experience required
* Deep knowledge of advanced statistical analysis and their applications in practices including regression analysis, statistical tests, time series analysis, and probability theory such as normal, log-normal and binomial distributions, stochastic processes, etc.
• Good understanding of fundamental framework and concepts of financial modeling including valuation (simple discount cash flows), option pricing model, risk modeling, portfolio performance modeling as well as financial products (derivatives and credit products)
• Good knowledge and experience in SAS , SQL, MS Access, Matlab, etc.
• Strong ability in understanding of the model implementation/applications and/or running the model applications
• At least 6 years of professional working experience in the financial industry
• Good knowledge of data mining and process
• Good communication and negotiation skills
• Excellent writing and documentation skills
• Strong ability to handle multiple tasks and work on projects with a tight deadline
• Prior working experience with DFAST/CCAR Models is preferable
• Prior working experience dealing with US based regulators (OCC/FED) and supporting/leading regulatory submissions (DFAST, CCAR, etc.) is preferable
• Professional designation in internal audit or risk management would be an asset, not required