Manager - CCAR Audit - BFSI

Over View :

- Our client is seeking a professional for the CCAR Audit team, within the Risk Management Audit function, who will work on CCAR and Capital Planning audits with coverage focused regulatory reporting.

- The role may also include audits of other regulatory reports during the year.

- The role has reporting lines both to the New York head of the CCAR audit team and to a senior member of the Finance audit team in New York which oversees the regulatory reporting audits.

Primary Responsibilities :

The individual in this role will be responsible for :

- Performing Capital Planning and CCAR audit reviews from planning through reporting within established budgets and the time frames for audit completion.

- Preparing audit planning documentation, participating in walkthroughs, and assessing the internal control environment through control and substantive testing.

- Evaluating the adequacy of design and effectiveness of key controls and potential business concerns by analyzing available documentation and asking insightful questions to identify root causes and drawing the appropriate conclusions.

- Documenting the results of work performed. The extent of documentation would include proper cross-referencing, checklists, indexing, documentation maintenance, documented exception follow-up procedures, etc.

- Developing audit findings and document business concerns, risks, root causes, and recommendations in writing for inclusion in the Audit Report.

- Participating in follow-up meetings concerning open audit issues and regulatory findings.

- Building credible relationships with clients in the Regulatory Reporting and Treasury functions and communicating effectively both orally and in written form.

- Reviewing work papers to ensure they meet internal standards.

Five+ years of experience in financial services with a preference for those with experience of auditing or preparing regulatory reports, particularly CCAR related reports.

- A four year college degree in a business discipline (e.g., finance, economics, accounting).

- Proficient understanding of internal audit processes including key risks identification and evaluation, audit scope and audit test plan development, and test plan execution.

- A general understanding of the financial services industry and the associated regulatory environment.

- Self-motivated, able to work independently, resolve challenging issues with innovative ideas, and demonstrate strong analytical, interpersonal, team-working and communication skills.

- Professional accounting or auditing qualifications are a plus.