Audit Manager - Model Risk

The anticipated salary range for this role is between $137,000.00 and $181,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire.

The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

SMBC is seeking an experienced Model Risk Audit Manager with a minimum of 8 years’ experience in the banking & finance industry to work within the Internal Audit Department.

The Audit Manager will design and supervise execution of internal audits of various complexities, ensuring audit work is performed in accordance with IIA standards and IAD policies and procedures, as well as participate as a team member on other audit engagements or projects.

The anticipated salary range for this role is between $137,000 and $181,000. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire.

The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Objectives

• Direct and supervise audit from inception to completion including planning, testing, issue identification, workpaper review and reporting.
• Manage audit teams to execute high quality reviews within a prescribed timeframe.
• Provide support, coaching, and feedback to audit team which may include internal or co-sourced internal audit professionals.
• Effectively communicate with stakeholder and audit senior management to clearly articulate audit strategy, testing results and corrective measures.
• As needed, assist with the delivery and execution of IAD's broader audit plan and assurance responsibilities.
• Participate in quarterly and annual continuous monitoring / risk assessment process to identify business trends and changes in the business risk profile.
• As needed, assist with special projects related to business process improvements or departmental strategic initiatives.
• Track and validate closure of issues raised by the department and regulators.
• Develop, promote and maintain a collaborative and strong working relationship with AD business heads, external auditors, and regulators.

Qualifications and Skills

• Minimum of 8 years internal audit experience in the banking and finance industry.
• Strong working knowledge of banking / capital markets products.
• Strong knowledge of modeling techniques with experience performing or reviewing model validations.
• Understanding of applicable regulatory standards (including Model Risk Management (SR 11-7)).
• Understanding of audit techniques, internal controls, and workpaper standards.
• Excellent communication, presentation and professional skills including the ability to interact effectively at all levels within the organization.
• Bachelor’s Degree in Accounting, Finance, or related quantitative field.
3 days ago