dynamics associates

Internal Audit Specialist - Model Risk Management - Internal Audit

The Model Risk Management Audit Specialist works in the Risk Management Audit Team within the Internal Audit Department (IAD) and is responsible for supporting and assisting with the management of audits related to model risk management, including annual and continuous audits, reviewing and approving audit work papers, tracking outstanding audit/regulatory observations, and training audit staff.

Key Responsibilities:

  • Focus on model risk management (*MRM*) as a specialist with subject matter expertise, facilitating audits focused on MRM governance, model validation, model development documentation, ongoing model monitoring and evaluation, policies and procedures, as well as technical support involving quantitative and qualitative models of varying complexity and application.

  • Use of technical expertise to evaluate risks throughout engagements to ensure significant risk areas are adequately and appropriately tested.

  • Use subject matter expertise to additionally support audits in the Risk Management space, including Interest Rate and Liquidity Risk Management, CECL and other audits involving the use of models. Facilitate IAD's examination and assessment of models utilized, including identification of risks and weaknesses as well as controls to manage model deficiencies.

  • Be the primary source of IAD knowledge and expertise in the model risk management space, including technical understanding of model methodologies and rationales, industry practices, risks and controls.

  • Assist the Audit Directors in the development of the Audit Plan and performance of risk assessments within the MRM space.

  • Keep the Audit Directors and other IAD management informed of control weaknesses and emerging risks, regulatory concerns, thematic issues, and developing methodologies and technology in model-related areas.

  • Represent IAD as subject matter specialist for MRM in attendance of meetings and presentations, as well as interactions with regulatory institutions.

  • Support and engage in audits, including planning, risk and control evaluation, design of audit programs and testing procedures. Ensure that audit work is performed effectively and timely, and relevant control weaknesses are identified and reported.

  • Help ensure audit work papers have been reviewed and documentation meets IAD and professional standards. Support preparation of written audit reports that are clear and concise.

  • Effectively communicate findings to business area and IAD management on a regular basis (both orally and written) in a manner that helps them understand the risk/control issues.

  • Effectively track and assist in the validation of audit and regulatory issues in model and risk management areas. Provide formal and informal training to IAD personnel and other colleagues as needed, including feedback and supportive coaching in model-related areas.

  • Work constructively with other functions or department. Performs special projects, and additional duties and responsibilities as required.

Qualifications:

  • Advanced degree (Master's or Doctorate) in a quantitative field, e.g. statistics, mathematics, engineering, physics, mathematical finance or related fields.

  • Eight years' experience in financial services industry or areas involving model development or assessment.

  • Experience in internal audit, risk management or risk oversight functions is desirable.

  • Comprehensive knowledge of model methodologies and quantitative techniques.

  • Awareness of model governance issues and impact of models on institution performance and viability.

  • Excellent verbal, written and interpersonal communication skills. Strong analytical skills.

  • Ability to work with all levels of staff and management.

    Click here to apply

 

Audit Vice President - Internal Audit

This company is seeking an exceptionally organized and detail-oriented candidate to join the Internal Audit group. This position reports to the Head of Audit for Shared Services and will assist in the planning and execution of audits across the firm. This will entail researching business units and services they engage in and identifying relative risks; executing fieldwork, including business unit interviews; documentation and testing of processes and controls; and, assisting in the drafting and vetting of findings, issues and related actions plans.

Key Responsibilities:

Lead audits and projects across the full spectrum of the audit cycle of planning, fieldwork and reporting. This includes:

  • Planning – identification and evaluation of key processes, risks and controls, preparation of audit programs and other procedures to test controls;

  • Executing fieldwork – leads stakeholder interviews, documentation (e.g., process narratives, walkthroughs, testing, etc.) and testing of processes and controls;

  • Reporting – draft audit findings, issues and related actions plans, with minimal oversight and edits from IA Management team.

  • Preparation and communication of action plans to re-mediate any control deficiencies, including influencing relevant stakeholders.

  • Takes ownership and accountability of key deliverables, including Audit Announcement Memo, Audit Planning Memo, and audit reports

  • Monitors budget slippage and other key metrics (e.g., 100-day rule) and takes correction actions, including timely escalation to IA Management

  • Establishes and owns relationships with leadership teams in the shared services / holding functions (e.g. accounting, financial reporting & analysis, central compliance, tax, human resources, legal & compliance, etc.)

  • Monitors and reports on the disposition and status of action plans and conducts substantive tests of compliance as necessary

  • Takes ownership and accountability for some components of the audit universe, providing updates to the risk assessment and keeping it evergreen by identifying new activities, divestitures and significant changes to businesses

  • Participating in IA’s annual risk assessment and planning process, including proposing audits, budgets, etc.

  • Supervises junior staff members or co-souring professionals in the execution of audits and other projects

  • Keeps abreast of industry and product specific developments and raise any risk and control related topics of interest to Internal Audit management

  • Promotes, and is an ambassador of, the department’s value proposition

  • Continuously fosters relationships with coworkers and clients

Qualifications:

  • At least seven years of experience working as an auditor covering shared services/holding company functions (e.g. accounting, financial reporting & analysis, tax, human resources, central compliance, etc.) for financial service firms.

  • Public accounting or consulting firm experience a plus (focused on internal audit services, external audit services, or risk-based consulting)

  • Good understanding of processes and risks of shared services functions

  • Exceptional organization skills and attention to detail

  • Possesses outstanding intellect, analytical abilities, and self-confidence

  • Proven ability to independently anticipate and provide solutions to complex problems

  • Strong work ethic and demonstrates personal commitment to work and team’s success, and leads by example

  • Strong communication and influencing skills (oral and written), confident and capable of presenting in a clear and compelling manner to stakeholders

  • Strong understanding internal auditing theory and techniques, including types of risks, controls and testing procedures as well as related work paper standards

  • Excellent writing and documentation skills (ability to write succinct and cohesive process narratives, issue statements, findings and action plans)

  • Strong multi-tasking abilities between audits/projects while working independently and within a group environment

  • Ability to take direction and execute successfully with minimal supervision

  • Display a healthy skepticism and strong aptitude for precision

  • Ability to learn quickly and research topics and risks germane to areas under audit

  • Solid understanding of MS Word, Excel, PowerPoint, Visio, Access and common internal audit work paper tools (i.e., automated work papers)

  • Aptitude to develop both technical and soft skills in a growing organization, takes advantage of learning opportunities

  • Can independently analyze issues and develop and execute plans that contribute to significant improvements in financial and operational performance and risk reduction

  • Can independently evaluate the adequacy of the controls in the context of relative risks to area under audit

  • Receives and provides coaching well and applies comments going forward

  • Proven track record of supervising junior level auditors, including coaching and providing feedback in the performance evaluation process

Click here to apply

Associate - Product Control - Commercial Real Estate

The CCRE Financial Analyst is an integral member of the CCRE Finance team participating in CCRE’s finance, accounting, treasury and operations processes and controls, as well as internal and external financial reporting.


Key Responsibilities:

  • Analyze monthly financial data and make sure all monthly activity has been recorded and reconciled

  • Daily liquidity analysis and reporting

  • Support key business activities – loan originations, securitizations, financing, invoice payment and managing vendor relationships

  • Day – to – day management of loan funding process that allocates loans to repo / warehouse lines and managing timing between origination, financing and loan sales

  • Assist in the preparation of financial statements for external financial reporting in compliance with US GAAP

  • Provide support to finance management and other internal customers as needs arise, including adhoc financial analysis and special projects

  • Assist in preparation of monthly, quarterly and annual close presentations for Management


    Qualifications:

  • Bachelor’s degree in Accounting or Finance

  • Related experience in the financial accounting group of a financial services company is a plus

  • Advanced analytical and Excel capabilities, project management skills, and ability to multitask

  • Critical thinking, team oriented views, attention to detail, communication skills, business writing, project management and people management skills are critical to this position

    Click here to apply

SVP - Regulatory Policy - Investment Bank

Key Responsibilities:

• Drive transition of reports to the AgileREPORTER tool, utilizing the current production processes

• Strategically reconcile report production and build methodology to efficiently resolve reporting anomalies throughout the regulatory reports generated on an automated basis

• Drive preparations for connecting the future centralized data warehouse (multi-year project) to the AgileREPORTER tool.

• Help identify areas for consolidations of manual inputs.

• Help with miscellaneous projects assigned by manager that require vast subject matter expertise.

• Partner closely with the Regulatory Reporting, Regulatory Data Requirements and Remediation Change Management teams within the Enterprise Financial Reporting group

  • The successful candidate will be an experienced leader, highly motivated team player and a self-starter who is accustomed to working in complex organizations, partnering with a diverse group of stakeholders, and achieving results.  Additionally, the candidate should possess professional presence and be accustomed to presenting material to senior executives and regulatory agencies.  The candidate should be flexible, be able to withstand challenges and adapt accordingly.

 

Skills:

• Deep understanding of financial products (e.g., loans, securities, derivatives, etc.)

• In-depth knowledge of line-item specific regulatory reporting guidance

• Ability to document conclusions with well-founded supporting basis for policy decisions

• Understanding of financial institution systems and general architecture

• Analytical thinking with focus on anticipation of potential issues

• Detail oriented with planning foresight across multiple functions

• Strong communication skills

Qualifications:

• 7+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting

• 2+ years of management experience

• A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting

• Ability to successfully operate in a complex and matrixed environment

• Experience managing teams of more than five team members

• Ability to lead projects/initiatives with high risk and complexity

• Ability to organize and manage multiple priorities

• Highly refined and professional verbal and written communications

• Knowledge and understanding of regulatory reporting: Federal Reserve, OCC, and SEC

• Knowledge and understanding of corporate governance, financial reporting systems, legal entities, and role of regulatory authorities

• Knowledge and understanding of capital markets: business and processes

• Strong analytical skills with high attention to detail and accuracy

• Strong research and documentation skills

• Management consulting experience at a top-tier consulting firm

• Experience with Oracle Financial Services Analytical Applications (OFSAA)

• Knowledge and understanding of Lombard Risk AgileREPORTER software

• Experience with general ledgers and accounting policies

• Experience presenting with multimedia tools such as Live Meeting or PowerPoint

• Advanced Microsoft Office skills

Other Desired Qualifications:

 • Product knowledge in some or all of the following areas (loans, debt, derivatives, securities, repurchase agreements, securities lending, commodities, cash equities trading, credit trading, securities, etc.)

• Broad financial product knowledge throughout the banking and capital markets industry inclusive of investment banking, asset-backed financing, equity investments, etc. 

• Ability to convey key messages to senior leaders through PowerPoint presentations

• Experience with bank capital calculations, processes, and reporting

• Experience with Agile methodology of project delivery

• CPA certification

• Experience with large financial institutions

Click here to apply


Director - Compliance Officer - Trust Banking

The Compliance Department protects the reputation and provides advice to the business focused on ensuring the protection of our clients’ best interests. The department operates in a dynamic environment with the team focused on understanding evolving business strategy, as well as advising on the impact of regulation in our business.

Objectives:

·  Actively participating in business decisions to champion our clients’ interests and assist the business in translating compliance into their daily work and decision making;

· Putting client interests at the center of everything we do;

·  Cultivating and enhancing compliance culture;

·  Providing thought leadership on the impact and implementation of regulation to our business and to the market; and

·  Developing and fostering excellence within the Compliance team.

In conjunction with Legal, the Compliance team oversees compliance with applicable laws and regulations and is responsible for, among other things, establishing legal and compliance policies and procedures that meet applicable regulatory requirements and testing the effectiveness of those policies and procedures, overseeing regulatory matters, and providing compliance training.

Job Purpose:

We are seeking a seasoned compliance professional to play a leading role in the Americas Compliance team.  The successful candidate will help lead the compliance program for the Institutional Trust Company. This role reports into a Managing Director who is the Head of Americas Compliance and Global Head of Investment Advisory Compliance.  Primary clients are retirement plans and, thus, the candidate should have experience with or strong interest in retirement plan investing.  This team also manages engagements with the primary regulator, the Office of the Comptroller of the Currency (“OCC”), as well as other regulators in the U.S. and globally. 

Key Responsibilities:

The successful candidate will help lead a seasoned team of compliance professionals who collectively oversee compliance within the requirements of OCC regulation, SEC rules, and ERISA requirements, other applicable laws and regulations and applicable firm policies to effectively monitor and manage regulatory compliance risk.  The successful candidate will be able to effectively manage compliance risk as follows:

· Continuously enhance and manage the compliance framework including & ensuring regulatory and policy requirements and procedures are embedded within the business areas and technology systems.

·  Demonstrate success in partnering with legal, compliance and business teams globally on engagements with U.S. regulators including driving strong results in regulatory exams and other engagements with regulators and auditors.

· Track and understand the changing regulatory environment to ensure policies, procedures and key stakeholders are kept current.

·  Execute governance and management reporting including by participating in management and governance forums to consistently manage regulatory compliance risk on a timely basis.

·  Manage a team responsible for ERISA compliance framework, as well as Regulatory Engagement and Development.

·  Demonstrate the ability to work in a fast-paced environment with multiple deadlines across time zones.

Qualifications:

·  10+ years of legal, regulatory, compliance or operational experience at a financial institution is preferred. Relevant experience at a large law firm, consulting or similar firm or a federal regulator will also be considered.

· Demonstrate a proficiency about multiple areas of financial regulation that relate to a large asset management company and the desire to deepen that knowledge to lead a highly effective compliance team.

· Investment management compliance or direct OCC, SEC, or ERISA regulatory experience for a sophisticated financial services firm is preferred.

· The candidate should also be experienced in policy writing, presenting and communicating to senior management and familiar with compliance testing technology.

·  Have a proactive approach to business issues, identifying areas of improvement and enhancement including the automation of processes and effective management reporting.

· BS/BA required; JD or other relevant graduate degree is preferred.

·  Excellent communication, judgement, and business partnership skills across time zones is expected.

·  Ability to make decisions and exercise discretionary authority is necessary to successfully fulfill the role.

Click here to apply