Corporate Audit's Department Head-Financial Risk provides leadership in establishing, directing, and executing the strategy for Audit's global activities across several business units and functions: Finance (Controllership and Treasury), Enterprise Risk Management, Global Credit Finance and Global Markets. In conjunction with the areas of coverage, the Department Head is responsible for rendering a number of regulatory required opinions to executive management and the appropriate Board committees. These functional opinions include Risk Management Systems, the Capital Planning Process and the Basel Capital calculations and the firm's Market and Model Risk management. In addition, the Department Head-Financial Risk leads a global staff with a high level of expertise and experience, and is responsible for reestablishing and maintaining effective business partnerships with key executive leaders, such as the CFO and CRO and their management teams.
As a direct report to the General Auditor, the Corporate Audit Department Head-Financial Risk, leads the full audit agenda related to the financial risks of a globally systemically important bank. Key responsibilities include:
Defining and executing a risk-based plan for coverage of financial risks that is appropriate for the size and complexity of the organization ,
Building and maintaining a global staff with required expertise and skills to effectively assess the risk and control environment in line with professional standards, industry practices and regulatory expectations
Communicating insights based on risk and control expertise to influence effective and sustainable improvements to processes and controls
Demonstrating strong communication skills in interactions with stakeholders including executive management, the Board of Directors and regulators
Acting as a delegate for the General Auditor in a broad range of capacities as necessary
Championing continuous improvement in audit practices, use of technology and talent management strategies
Additional responsibilities include:
Responsible for development of an audit strategy and plan of coverage for Finance (Controllership and Treasury), Enterprise Risk Management, Global Credit Finance and Global Markets across all locations, legal entities and jurisdictions
Develops audit plans, commensurate with the existing business risks and challenges, in accordance with the Standards for the professional practice of Internal Auditing promulgated by the Institute of Internal Auditors
Oversees execution of a risk-focused audit plan, review and approve audit work products to ensure thorough effective coverage and timely and effective escalation of findings and conclusions
Drives the continuous monitoring program built upon regular relationship management meetings with executive/senior business leaders, key committees that focus on emerging risks, regulatory matters and best practice trends in the industry
Participates as a non-voting member of various executive risk management and business change management steering committees, promoting balanced discussions and encouraging challenge and debate
Prepares and presents relevant risk and audit reporting related to key stakeholders including executive management and governance committees, including the global audit committees
Promotes effective communications and information exchange, both within the hierarchy of the Corporate Audit group and within the businesses and functions
Acts with integrity
Exhibits the highest level of professional objectivity in gathering, evaluating, and communicating information about the activity or process being examined
Protects (and is prudent with) information acquired in the course of their duties
Acts as a role model for others
Manages a team of ~75 that support global audits
Has a talent mindset and seeks to understand the current and future requirements of the audit function
Trains and develops the audit team with new capabilities
Top three leadership priorities
Encourage Professional Challenge
Inspire Trust and Confidence
Generate Insights and Results
Member of the Corporate Audit Leadership Team; develops and maintains cooperative, collaborative and productive team-driven relationships with other Corporate Audit department heads
Builds and maintains relationships with Management Committee and executive leaders in both the business and control functions
Builds and maintains effective relationship with various regulators responsible for the oversight of the supported businesses
The role is tasked with developing individuals for future growth within the firm
Audit, risk and control experience in diversified financial services organizations
Expert knowledge and experience in controls and professional auditing practices
Extensive experience in providing management with observations and experience to improve business processes, increase operating efficiencies, and reduce operational, technology and financial risks
