Internal Audit Department - IT Audit AVP

Bank of China Limited, New York Branch•New York, NY

21h•$65,000 - $150,000

About The Position

The incumbent will be responsible for assisting the Team Lead with oversight, design and execution of the Bank’s IT audit program including audits of IT systems, applications and operations and the attendant risk undertaken in the line of business and control functions. S/he will contribute to audit risk assessment and perform detailed testing, evaluate management action plans, follow up on control issues, and update audit program, risk risk assessment and audit plans timely.

Requirements

A bachelor’s degree is required
Minimum 5 years of experience in IT risk/audit on IT infrastructure, application and system implementation is required for the AVP level
Experience as a bank examiner, auditor, consultant or compliance professional with a strong understanding of IT risks, familiar with core banking systems, transactional platforms, workflow tools use for retail and commercial banking is required
Experience in using computer assisted auditing tools to evaluate assertions is required
Deep IT lifecycle expertise in order to perform pre-implementation reviews and to evaluate sufficiency of IT beyond operating effectiveness is required
Familiarity with FFIEC regulatory standards, COSO, COBIT, ISO among others, for IT controls is required
Capability and willingness to develop staff on technical and soft skills is required

Nice To Haves

An advanced degree is preferred
CPA, CIA, CISA, CRISC, CGEIT, CISSP, CISM and/or equivalent certifications are preferred but not required
Bilingual capability in Mandarin is preferred but not required

Responsibilities

Plan, design, and execute the audit coverage strategy of the IT and data quality and management programs, contribute to the US-wide audit risk assessments, and perform assigned audits by executing approved audit programs and questionnaires
Review auditor work papers covering planning and fieldwork for sufficiency
Influence the execution of other audits (business, control functions) with related risks
Ensure the delivery of audit reports and Internal Audit feedback that is complete, insightful, timely, error free and concise
Timely update audit programs, risk assessment and audit plans
Recommend improvements in streamlining audit methodology and optimize the use of the audit workflow tool when available
Establish and maintain relationships with senior internal stakeholders for the IT and data management and quality programs
Coordinate with the Data Analysis Team in the design and implementation of continuous monitoring of the IT and data controls during integrated audits
Evaluate management action plans to ensure the audit issue raised are adequately addressed
Coordinate with key stakeholders to identify emerging and/or control issues affecting operation
Perform issue tracking and risk-based validation of issues specific to IT program
Follow up with counterparts to ensure control issues are resolved effectively
Design the auditor professional development plan specific to related skills
Provide coaching and on-the-job training to audit staff
Serve as the department subject matter expert on IT risks and audit procedures to test these risks