The Audit Director will be a strong, results driven leader who will partner closely with a wide variety of constituents to ensure the efficient operation of one of the more sophisticated audit functions in the Financial Services industry. He/she will develop and lead a team responsible for planning and developing the audit strategy and managing the execution plan supporting CCAR/DFAST and the overall Capital Adequacy Process (CAP) Assessment of the firm. This is a newly created role with a mandate to stand-up a global program and continuously refine and develop its’ capability. The successful candidate will coordinate, manage and provide oversight to all audit activities related to the development and implementation of the mission and goals of the audit function for stress testing and capital adequacy and will be responsible to audit the Banks Comprehensive Capital Analysis and Review (CCAR) Capital Adequacy Process (CAP) Framework.
The following details specific responsibilities for this critical role:
Provide subject matter expertise on Capital Adequacy Principles and Dodd-Frank Stress Testing regulatory requirements, project management of audits and strong communication with Business and Audit management.
Assess current state, desired state and build the organization including structure, roles, processes and routines.
Anticipate issues and exercise critical thinking and judgment to effectively influence business management and peers and act as a catalyst. Demonstrate a strong understanding of the company’s business, core strategies and priorities, and provide value-added audit results.
Participate in high-level strategic meetings and help guide the decision making process as a key member of the CFO Audit leadership team.
Provide strong leadership to the Audit team. Recruit, hire, retain and develop top talent within the function. Coach and train associates within team and across audit.
Coordinate talent planning and associate development activities for the CFO audit team, ensuring appropriate skill sets and bench strength.
Define, document, implement, and track departmental operating procedures and performance metrics ensuring the appropriate coordination, integration and reporting of audit activities globally.
Create board and regulatory reporting for Audit executives as well as lead discussions with the Line of Business Executive Leaders.
Work with Audit’s senior leadership to develop, implement and communicate Corporate Audit’s mission, goals and strategies.
Collaborate with regional audit teams based in other global locations as well as other functional and line of business audit teams and leadership.
Some travel may be required.
Enterprise job description: Manages one or more business groups within Corporate audit, including execution of the audit plan, all elements of personnel management, communication and expense management. Responsible for planning and developing audit strategy and managing audit services for significant lines of business. Exercises judgment and influences business executives, managers and peers. Helps business partners balance their business strategy with appropriate risk management controls. Works with Audit's senior leadership to develop, implement and communicate Corporate Audit's mission, goals and strategies. Proactively manages the relationships with regulatory agencies, external consultants and other internal risk management groups.
Required Skills
Significant experience (minimum of 15 yrs) in a large, complex, financial services environment with a track record of advancement, leadership and business success
Strong knowledge of CFO business lines and subject matter expertise in Audit or Risk Management. Ability to utilize technical knowledge and experience in an audit environment effectively.
Demonstrated understanding of stress testing concepts and capital adequacy components; familiarity with regulatory requirements; working knowledge of treasury and liquidity risk, financial instruments/structures and risk management techniques.
Self-directed with strong interpersonal, leadership, and communication (both written and oral) skills
Ability to engage and influence senior executives, establish and maintain collaborative partnerships and provide thought leadership to strategic decisions
Excellent planning and operational deployment skills; ability to translate vision, strategy and business requirements into clear actionable goals
Strong strategic and process thinking abilities; takes a broad perspective and makes connections
Proactively looks for opportunities, solutions and process improvements, manages projects, including contracting, milestones and task management, resources, risks/dependencies
Able to lead change and integrate work in a fast-paced, highly matrixed environment, establish priorities and achieve results
Results driven, outcome-oriented leadership style with a high degree of energy and work ethic that suggests personal drive and dedication
Professional executive demeanor; decisive with highly versatile interpersonal skills
Regulatory knowledge and interface experience
Unquestionable business and personal integrity and values congruent with those of the organization.
Desired Skills:
Masters in Business or related discipline
CPA/CFA/CA or other related certification desired
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