Audit Manager [Multiple Positions Available]

JPMorgan Chase & Co.•Jersey City, NJ

1d•$194,000 - $200,000•Onsite

About The Position

The Audit Manager will execute the Internal Audit department's coverage strategy for Category I Banking Institution's finance, risk, and capital management frameworks. This includes leading and executing complex audits, assessing the control environment, and maintaining relationships with business stakeholders, providing them with control-related advice. The role involves coordinating and executing the annual planning of audit activities, including risk assessments of the control environment and quality control of the process. The Audit Manager will lead and execute all aspects of individual audits, from planning and testing to issue identification, reporting, and report issuance. They will also coordinate capital planning coverage with teams across Lines of Business (LOB) and Risk Stripes to ensure consistency, aggregate results, facilitate Senior Management reporting, and ensure seamless delivery of the capital planning program. The position supports the manager in executing the audit strategy for end-to-end capital planning processes and maintaining stakeholder relationships. Additionally, the role involves partnering with colleagues, business stakeholders, and control management team members to monitor the adequacy and effectiveness of management controls, identify patterns and trends with risk and control implications, and research/monitor evolving regulatory and market events impacting the firm's business objectives, risk profile, processes, and compliance.

Requirements

Bachelor's degree in Accounting, Finance, Mathematics, Economics or related field of study plus 7 years of experience in the job offered or as Audit Manager, Audit lead, Finance Lead Auditor, Auditor, or related occupation.
Alternatively, a Master's degree in Accounting, Finance, Mathematics, Economics or related field of study plus 5 years of experience in the job offered or as Audit Manager, Audit lead, Finance Lead Auditor, Auditor, or related occupation.
Executing and leading external audits for banking institutions which include the review of capital requirements, risk, and capital management frameworks.
Auditing, assessing and monitoring Basel framework including Basel requirements and Capital Management framework encompassing regulatory requirements, including rule interpretation and implementation, capital stress testing, and risk-weighted asset calculation.
Reviewing banking products and services that cover asset classes and financial services, including product methodology, risk assessment, and control environment for internal control design processes.
Applying accounting standards, including US GAAP and IFRS, in the review, preparation, consolidation, and analysis of financial statements across multiple legal entities to meet internal and external reporting requirements.
Designing and executing risk assessment frameworks, utilizing quantitative and qualitative methodologies to identify risks, evaluate control effectiveness, and inform executive decision-making.
Conducting issue and impact analyses on financial, regulatory, or operational matters, and preparing executive reports and presentations for senior management.
Utilizing data analytics platforms including ACL, IDEA and Power Query in Excel, to obtain data-driven insights that facilitate review and evaluation of control environment.
Creating business process workflows using workflow tools including Visio.
Coordinating Capital Planning including Capital Stress Testing and Capital Adequacy Assessment for banking institutions.
Overseeing the execution of audit strategy of capital planning framework coverage.
Collaborating with cross-functional teams to achieve end to end coverage of the internal controls framework of Internal Capital Adequacy and Assessment (ICAAP) framework.

Responsibilities

Execute Internal Audit department's coverage strategy for Category I Banking Institution's finance, risk, and capital management frameworks.
Lead and execute complex audits.
Assess the control environment.
Maintain relationships with and provide control related advice to business stakeholders.
Coordinate and execute the annual planning of audit activities, including risk assessments of control environment and quality control of the process.
Lead and execute all aspects of individual audits, including audit planning, audit testing, issue identification and reporting, and audit report crafting and issuance.
Coordinate capital planning coverage with teams across Lines of Business (LOB) and Risk Stripes to ensure consistency of execution, results aggregation, Senior Management reporting, and overall seamless delivery of capital planning program.
Support manager in the execution of audit strategy for coverage of the end-to-end capital planning processes, and maintenance of stakeholder relationships.
Partner with colleagues, business stakeholders, and control management team members to monitor the adequacy and effectiveness of management controls and identify patterns and trends with risk and control implications.
Research and monitor evolving regulatory and market events impacting the firm's business objectives, risk profile, processes, and compliance.