Audit Director - Finance - Investment Banking

The role is responsible for a team of 10 finance audit specialists responsible for auditing corporate financial reporting, including reporting for the Institutional Clients Group, Global Consumer Bank and SOX. 

The team serves as subject matter experts for accounting policy, providing direct assistance and advice to IA’s Finance and Product audit teams on entity risk assessments, audit scoping, execution, issue leveling, and audit reporting related to US financial reporting.

Key Responsibilities:

Contributes to strategic direction of Internal Audit (IA) function in the establishment of risk based auditing and branch examinations, which include reporting methodologies, organizational design and effective positioning of the function to ensure provision of independent assurance.

  • Uses excellent communication, leadership and strong management skills to influence a wide range of internal audiences including respective product, function, or regional executive management partners and external audiences including regulators and external auditors. Frequently engages in both internal and external negotiations which will have a major impact on the function, and possibly on the organization as a whole.

  • Directs audit activities supporting a sub set of a product line, function, or legal entity at the global or regional level, in accordance with IA standards, policies, and local regulations. Responsible for providing valued and timely independent assurance on the design and operating effectiveness of a sub set of a product, function, or legal entity at a global or regional level.

  • Responsible for the delivery of high quality, value-added multiple concurrent audits on time and to specification. 

  • Ensures the delivery of audit reports and (where appropriate) branch examinations, that are complete, insightful, timely, error free and concise.

  • Ensures timely delivery of high-quality comprehensive regulatory and internal audit issue validation, and where determined appropriate issue validation on other remediation actions, including issues arising from the external auditors, consultants and other parties.

  • Contributes towards the delivery of high impact reports of IA's contributions to executive management, regulators, and boards' sub-committees, developing trend analyses and thematic reporting.

  • Manages multiple teams of professionals.  Recruits staff, develops talent, builds effective teams, and manages a budget. Identifies internal talent and fills key positions, attracts talent with required expertise to meet the risk profile of the business, builds deep bench strength and develops appropriate succession plans.

  • Possesses a broad and comprehensive understanding of multiple disciplines (Audit, Risk, Compliance, and Training) and of different Audit standards, policies and local regulations; applies a broad and comprehensive understanding of high risk areas including Consumer or Investment Banking, corporate functions, technology management; project/program management; or supplier management.

  • Delivers learning and development programs and is a recognized leader in training and developing others. 

  • Develops approaches to promote knowledge sharing and promulgate management best practices across Internal Audit

  • Delivers cost effective and efficient management of audit teams and audit engagements. 

  • Ensures IA meets/exceeds the requirements and expectations of regulators.

  • Works closely within IA and with line management and control functions to ensure efficient and effective provision of independent audit assurance.

  • Collaborates across businesses and functions to improve the identification, quantification, measurement, management, reporting and controls in governance, risk management and internal control environments.

  • Actively supports and drives the Internal Audit Transformation Program and IA’s and management’s efforts for a “Strong” internal audit function

  • Fully supports and endorses the Quality Assurance function of Internal Audit and promptly accepts and remediates deficiencies found by QA. 

Qualifications:

 BA/BS or equivalent. Related certifications (CPA, ACA, CFA, CIA, CISA or similar) are a plus.

  • Advanced level experience in a related role with extensive experience in business, functional and people management, with proven abilities in taking responsibility for executing concurrently on a portfolio of high quality deliverables according to strict timetables.

  • Specific subject matter expertise in audit. US financial reporting, consumer and investment banking industry issues, and strong knowledge of control frameworks, including manual and automated controls.

  • Demonstrated experience in managing teams and managing integrated internal audit and assurance delivery within a matrix reporting environment.

  •  A self-aware, self-confident individual who has well developed listening skills, and a strong ability to engage a group of accomplished business unit heads by providing proactive advice on a variety of audit matters while carefully balancing the independent requirements of the IA function.

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