AIG is seeking an Audit Director for the AIG Internal Audit Group (IAG) Investments and Enterprise Risk Management (ERM) Audit Group which is located in our New York City office. The right individual will be a highly experienced audit professional, or possess equivalent industry experience, with strong competencies, both technical and interpersonal. This position will report to the Group’s Managing Director and includes the following key requirements:
Insurance product knowledge with risk management experience, or audit experience of risk management processes/function; some model risk, quantitative related knowledge is a plus.
Risk Management Principles, including Credit, Market, and Operational risk disciplines.
Investments and Capital Markets/Trading products including fixed income securities, equities, and alternative assets (hedge funds, private equities, real estate), derivatives, structured products, foreign exchange, and commodities; and front-office trading, trade process through settlement.
Federal Reserve Bank CCAR/Capital Planning and Stress Testing knowledge/experience
Responsibilities
Highly experienced and able to independently manage all aspects of audit activities in accordance with IAG’s Global Audit Methodology. Overall responsible for annual audit planning with proper balance of audit coverage considering the business units risk profile and other external and internal considerations, and determine staffing/resource requirements.
Coordinate globally, influence and manage the execution of the audit plan which includes risk and control evaluation, testing, audit report issuance, work paper review, and follow-up and verification of issues closure.
Manage through ambiguity and organizational and process changes.
Partner with colleagues and internal clients to evaluate, test, and report on the adequacy and effectiveness of management controls.
Effectively interact with regulators for regulatory examinations, status updates and other queries, as needed.
Understand, identify and evaluate key risks and controls.
Draft/review audit reports and effectively edit findings/narratives of others to ensure client understanding, and capture the key messages for final reporting.
Manage multiple audits and projects and participate and lead audit assignments within a team environment, consistently meet deadlines and delivery of quality work products in accordance with Internal Audit’s and professional standards.
Knowledge of Sarbanes-Oxley (SOX) and, as needed, review and assess effectiveness of management’s SOX program and testing.
Act with urgency and deliver work products that comply with Internal Audit Policies Procedures, including meeting work paper standards.
Position Requirements
B.A/B.S. degree in Accounting or related discipline is required.
12 or more years of relevant industry or audit experience.
A relevant professional certification is required (e.g. CPA, CIA, CBA, CFA, etc.).
Proficient in the use of MS Office: Excel, Word, PowerPoint, and Access.
Possess strong “managerial courage” and can effectively deliver difficult messages to business management and determine appropriate reporting and escalation as needed.
Effective writing and oral communication/presentation skills to clearly and concisely communicate audit results or other messages, as needed, to a variety of constituents, including senior business and audit management.
Highly experienced in managing a team of audit professionals. Must have the ability to manage, coach and develop staff, including communicating adverse performance messages where needed.
Willingness to travel: up to 25% annually. Locations include: Connecticut, California, Texas, and ad-hoc international travel when needed.
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