Date: Feb 24, 2014
Location: New York, NY, US
Senior Audit Manager - Basel - Internal Audit Group-14002370
Description
The Internal Audit Group (IAG) is a worldwide function with over 150 team members and offices in 7 countries. We are comprised of assurance and risk professionals with diverse backgrounds including internal controls, consumercompliance, technology, operational risk, financial accounting and banking operations. The IAG organization consists of 14 audit teams aligned with the business units and staff groups along with a professional practice and quality assurance team and a reporting and regulator relations team. All teams report into the General Auditor who reports directly to the American Express Company Audit and Risk Committee and administratively to the Chairman and Chief Executive Officer.
Responsibilities Include:
- Execute audits of the American Express Basel II implementation and parallel run to ensure appropriate integration of Basel II requirements. Audits are integrated and consider financial, operational, compliance and technology risks.
- Assist with the validation of the Basel II implementation process, including management’s validation procedures, responsibilities, results, timeliness, and responsiveness to findings. Review the gaps and projects identified in the
implementation plan to confirm that they address all the detailed requirements or modify the projects’ scope accordingly.
- Participate as a key team member on all Basel II reviews, including reviews of Basel II “Advanced Systems” and audits of model validation independence relative to regulatory expectations for the model validation function, having responsibility for more complex areas
- Design test to evaluate internal controls and governance around methodologies, data and processes including review of documentation demonstrating regulatory compliance with Basel II quantification expectations.
- Execute reviews of the American Express ICAAP framework, including economic capital, capital forecasting, stress testing, capital policy and governance.
- Identify and assess the impact of control deficiencies and present testing results to various levels of client management
- Effectively handle larger and more challenging workloads on successive assignments
- Produce excellent results on all audit reviews, with proficient use of automated work papers and other department and company tools.
- Ensure effective and efficient execution of audits in conformance with professional and department standards, budgets, and timelines
- Maintain internal audit competency through ongoing professional development
- Comfortably assume core audit responsibilities in all audit phases
- Assist team leaders, managers, senior and staff auditors in accomplishing team objectives
- Identify and assess the impact of control deficiencies
- Draft audit report for provision to team leader
- Present audit findings to management through status updates and closing meetings
- Assist in the development of cost-justified, value-added management actions
- Effectively handle larger and more challenging workloads on successive assignments
- Produce excellent results in audit projects across multiple business areas and for different team leaders
- Proficient in the use of automated work papers and other department and company tools
- Supervise the work of co-sourced resources and less tenured staff
- Act as a coach and mentor to managers, seniors, staff auditors and co-sourced resources
- Conduct shirt sleeves/lunch and learn presentations as directed
Qualifications
- Six years or more in the banking industry within a public accounting, finance and/or internal audit function.
- BA, BS, or equivalent degree in accounting or finance relevant field, advanced degree in Accounting, Finance, Business, or related field preferred
- Professional Certification (CIA, CPA, or equivalent)
- Understanding of regulatory, accounting, financial industry guidance and best practices relevant to the business, including technology implications
- Knowledge and experience in control theory and professional auditing practices
- Understanding of business technologies and its impact to control practices
- Effectively integrates business, operational, technological, and financial components in audit work
- Ability to identify problems and recommend solutions to complex control, financial, or technical issues
- Strong written and verbal communication skills to deliver high quality, actionable feedback on a variety of complex issues to executive and line management on control issues and potential solutions to close control gaps
- Effectively works independently within a team construct, while supporting teamwork and achievement of team objectives
- Ability to travel
Job: Finance
Primary Location: US-New York-New York
Schedule: Full-time
Job Segments: Audit, Internal Audit, Law, Credit, Manager, Finance, Legal, Management
Description
The Internal Audit Group (IAG) is a worldwide function with over 150 team members and offices in 7 countries. We are comprised of assurance and risk professionals with diverse backgrounds including internal controls, consumercompliance, technology, operational risk, financial accounting and banking operations. The IAG organization consists of 14 audit teams aligned with the business units and staff groups along with a professional practice and quality assurance team and a reporting and regulator relations team. All teams report into the General Auditor who reports directly to the American Express Company Audit and Risk Committee and administratively to the Chairman and Chief Executive Officer.
Responsibilities Include:
- Execute audits of the American Express Basel II implementation and parallel run to ensure appropriate integration of Basel II requirements. Audits are integrated and consider financial, operational, compliance and technology risks.
- Assist with the validation of the Basel II implementation process, including management’s validation procedures, responsibilities, results, timeliness, and responsiveness to findings. Review the gaps and projects identified in the
implementation plan to confirm that they address all the detailed requirements or modify the projects’ scope accordingly.
- Participate as a key team member on all Basel II reviews, including reviews of Basel II “Advanced Systems” and audits of model validation independence relative to regulatory expectations for the model validation function, having responsibility for more complex areas
- Design test to evaluate internal controls and governance around methodologies, data and processes including review of documentation demonstrating regulatory compliance with Basel II quantification expectations.
- Execute reviews of the American Express ICAAP framework, including economic capital, capital forecasting, stress testing, capital policy and governance.
- Identify and assess the impact of control deficiencies and present testing results to various levels of client management
- Effectively handle larger and more challenging workloads on successive assignments
- Produce excellent results on all audit reviews, with proficient use of automated work papers and other department and company tools.
- Ensure effective and efficient execution of audits in conformance with professional and department standards, budgets, and timelines
- Maintain internal audit competency through ongoing professional development
- Comfortably assume core audit responsibilities in all audit phases
- Assist team leaders, managers, senior and staff auditors in accomplishing team objectives
- Identify and assess the impact of control deficiencies
- Draft audit report for provision to team leader
- Present audit findings to management through status updates and closing meetings
- Assist in the development of cost-justified, value-added management actions
- Effectively handle larger and more challenging workloads on successive assignments
- Produce excellent results in audit projects across multiple business areas and for different team leaders
- Proficient in the use of automated work papers and other department and company tools
- Supervise the work of co-sourced resources and less tenured staff
- Act as a coach and mentor to managers, seniors, staff auditors and co-sourced resources
- Conduct shirt sleeves/lunch and learn presentations as directed
Qualifications
- Six years or more in the banking industry within a public accounting, finance and/or internal audit function.
- BA, BS, or equivalent degree in accounting or finance relevant field, advanced degree in Accounting, Finance, Business, or related field preferred
- Professional Certification (CIA, CPA, or equivalent)
- Understanding of regulatory, accounting, financial industry guidance and best practices relevant to the business, including technology implications
- Knowledge and experience in control theory and professional auditing practices
- Understanding of business technologies and its impact to control practices
- Effectively integrates business, operational, technological, and financial components in audit work
- Ability to identify problems and recommend solutions to complex control, financial, or technical issues
- Strong written and verbal communication skills to deliver high quality, actionable feedback on a variety of complex issues to executive and line management on control issues and potential solutions to close control gaps
- Effectively works independently within a team construct, while supporting teamwork and achievement of team objectives
- Ability to travel
Job: Finance
Primary Location: US-New York-New York
Schedule: Full-time
Job Segments: Audit, Internal Audit, Law, Credit, Manager, Finance, Legal, Management
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