Unlock your potential as an experienced audit professional with our Commercial and Investment Banking Audit team.
Job Summary
As a Commercial Investment Banking -Dodd-Frank/Volcker Senior Audit Associate in our Internal Audit Team b ased in Mumbai as part of the North America Commercial Investment Banking Dodd-Frank/Volcker Compliance Audit team, you will be involved in audit engagements, performing and documenting audit testing, and partnering closely with global Audit colleagues and business stakeholders. The role will require you to use your judgment to enhance internal controls, and offer you the chance to gain a comprehensive understanding of key CIB central functions and controls, and the related Dodd-Frank/Volcker regulatory landscape.
The North America Commercial Investment Banking Compliance Audit team, manages a program of audit coverage over the Commercial Investment Bankings regulatory compliance-related controls, including those over Dodd-Frank swaps and security-based swaps, Volcker and related areas in global, product-aligned and/or legal entity-aligned audits. Coverage of certain processes and controls requires engagement across other Lines of Business and Corporate Functions.
Job Responsibilities
- Participate in all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, issue drafting, and follow up and verification of issue closure, in close partnership with and support of senior auditors and /or audit managers, and ensuring audit assignments are completed timely and within allocated budget
- Work closely with Commercial Investment Banking Compliance Audit colleagues in the early identification of emerging control issues and reporting them timely to Audit management and business stakeholders while adhering to audit standards
- Develop recommendations to strengthen internal controls and improve operational efficiency
- Take ownership of self-development, including stretch assignments, to prepare for greater responsibilities and career growth, and take initiative to seek out opportunity for continued learning
- Build and maintain strong working relationships with stakeholders, business management, other control groups while maintaining independence
- Demonstrate and maintain technical competency, staying up to date with evolving regulatory and industry developments impacting the Commercial Investment Banking Dodd-Frank-Volcker compliance area
Required qualifications, capabilities and skills
- Minimum 5 years of internal or external auditing experience, or relevant business experience
- Minimum Bachelors degree (or relevant financial services experience)
- Ability to operate as an effective auditor, with a solid understanding of internal controls and the ability to evaluate and determine the adequacy of controls for a given set of risks
- Experience with internal audit methodology and applying concepts in audit delivery and execution
- Excellent written, verbal, and presentation skills; adept at presenting complex and sensitive issues to senior management
- Strong interpersonal and influencing skills, with the ability to establish credibility and build partnerships with senior business and control partners, while also influencing the actions of the business to improve its control environment
- Strong analytical skills, particularly in regard to assessing the probability and impact of an internal control weakness
- Proven ability to multi-task and prioritize effectively, and drive efficiency with existing technical infrastructure through automation, while embracing the innovative opportunities offered by new technologies
- Enthusiastic, self-motivated, effective under pressure and willing to take personal risk and accountability
- Ability to work well individually, and in teams, share information, support colleagues and encourage participation.
Preferred qualifications, capabilities and skills
- Chartered Accountant or equivalent, Certified Internal Auditor, and/or Advanced Degree in Finance or Accounting
- Exposure to Dodd-Frank/Volcker regulatory compliance and related processes
