Financial Risk Audit Manager, Vice President
About The Position
We are looking for an Financial Risk Audit Manager, Vice President to provide leadership in executing Audit’s assurance coverage over Financial risks. Enterprise Risk Management provides independent risk oversight over State Street’s business activities. The Financial Risks include Market, Credit (including Trading Credit), Interest Rate Risk and Liquidity. In this role, you will report directly to the Corporate Audit Managing Director for Enterprise Risk Management, and you will support the annual audit planning and development, risk assessment, scoping and execution of audits related to the associated processes and risks. You will also play a critical role in the ongoing development of audit staff and support various departmental initiatives. This role will be performed in hybrid model (3/4 days onsite per week) in Toronto, Canada.
Requirements
- 10+ years of experience in Internal Audit, Risk Management, or related functions within financial services, including custody bank.
- Strong knowledge and understanding of Financial Risks, including Market, Credit (including Trading Credit), Interest Rate Risk or Liquidity.
- Experience executing or auditing Financial Risk.
- Extensive experience leading global audit engagements and interacting with regulators.
- Strong understanding of global regulatory expectations and industry standards impacting financial risks.
- Fluency in English – Written and spoken
Nice To Haves
- Advanced degree (CFA, FRM, CPA) preferred.
- Bachelor’s degree, preferable in finance, accounting or related field.
Responsibilities
- Participate in the development of a risk-based global financial risk audit plan through the execution of detailed risk assessments, which consider existing and emerging risks, key strategic initiatives, regulatory requirements / expectations and effectiveness of the control environment.
- Support the execution of the risk-based global financial risk audit plan through the review and approval of audit work products; ensuring effective coverage and the timely escalation of issues and conclusions.
- Draft, review, finalize and communicate audit deliverables, including audit findings, memos and audit reports to senior and executive management.
- Ensure audit engagements properly align to all internal standards and performance metrics.
- Prepare and deliver periodic management reports to key stakeholders including executive management, governance committees, and regulatory bodies.
- Participate as a non-voting member of business / risk committees and management working groups, promoting balanced discussions and encouraging challenge and debate.
- Maintain effective partnerships with key senior leaders in the Financial Risk organization by identifying potential control risks and gaps while development and implementation activities are underway.
- Influence effective and sustainable improvements to processes and controls.
- Manage, coach and develop staff, including participating in talent management, staff evaluation, and new hire processes.
- Provide insights into the evolving regulatory environment and interact with regulators.
- Stay abreast of industry matters and efficiently and effectively apply applicable new developments in audit projects.
Benefits
- inclusive development opportunities
- flexible work-life support
- paid volunteer days
- vibrant employee networks
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What This Job Offers
Job Type
Full-time
Career Level
Manager
