| Model Risk Auditor, NYC, NY (Onsite) at NYC, New York, USA |
| Email: [email protected] |
| From: Yogesh Sharma, StellentIT [email protected] Reply to: [email protected] Model Risk Auditor NYC, NY (Onsite) Phone + Skype Job description: The US Financial Risk team is part of the Global Risk team within Group Audit (GA), which covers all risk types. The role reports to the Principal Audit Manager who reports directly to the Chief Auditor for Global Risk. The Models team covers all model risk across the DB Group. Each Auditor in the Models team has expertise in one or more area of model risk, depending on their qualifications, experience and interests. The following role summary applies but with a focus on model risk and controls: The Auditor participates in audits of a specific business/function area in accordance with the Audit methodology, and evaluates the adequacy and effectiveness of internal controls relating to risks within those business areas. The Auditor may occasionally lead or participate in ad hoc projects and special investigations. They work in a cooperative manner with other subject matter experts and other teams from across the function to provide front-to-back audit coverage and actively contribute to the delivery of team plans in support of the functional and business strategies under limited supervision. The Auditor uses a range of sources and methods to obtain knowledge and applies judgment based on sound business knowledge of day-to-day audit work; this includes conducting Continuous Audit Assessments and risk assessments, identifying and assessing key risks and designing testing to assess the design and operating effectiveness of the key controls in place to mitigate risk. The Principal Auditor needs a good understanding of the relevant business areas market place and needs to continuously develop technical expertise relevant to the industry. The Auditor must proactively develop and maintain professional consultative working relationships with the audit team, with internal stakeholders, clients and respective support areas and must use a range of approaches to collect relevant and readily available information to assess risk, resolve issues or carry out tasks.The Auditor will have a key role to play to act as a trusted partner and support not only the US Audit Risk team but also the Global Model Risk Audit team and the Global Model Risk Management function in their ongoing framework transformation. Key responsibilities: The Model Risk Auditor is responsible for the developing to the highest industry standards a risk-based and global audit plan in the US. Those will include: Executes day-to-day operational audit work and contributes to the delivery of audits (including risk assessment profiles and the Continuous Audit Assessment process), Implements dynamic planning through Continuous Audit Assessment of the business. Plans audits e.g. documenting activity flows of the processes to be reviewed, identifies risks and the key actual controls in place to mitigate the identified risks and attends meetings with internal stakeholders as and when required. Executes audit fieldwork in line with the agreed audit approach which includes, among others, reviewing the Bank's risk governance framework of model risk management and meeting all compliance requirements, and reviewing the model risk management process for all risk models. This covers the inventory of models, validation reviews, remediation of findings and ongoing monitoring/reporting. Reviews and provides expert opinions on action plans provided by clients, helping them develop robust remediation plans. Presents complex and sensitive messages (such as audit issues) comprehensively and professionally and reduces complex topics to simple statements. Participates in exit meetings, drafts high quality audit reports for review by audit management, facilitates issue tracking, validates the closure of issues and approves closure of Important issues. Supporting not only the US Audit Risk team but also the Global Model Risk Audit team and the Global Model Risk Management function in their ongoing framework transformation. Collaborating with internal and external clients to evaluate, test and report on the effectiveness of the risk management control in accordance with regulatory guidelines (Basel II/III, SR 11-7/ OCC11-12). Providing expert support in model risk management and governance policies related to audit engagements. Keywords: database active directory Georgia New York |
| [email protected] View all |
| Wed Dec 20 04:14:00 UTC 2023 |