Corporate Functions- Firmwide Risk Management - Audit Manager

  • negotiable depending on experience
  • New York, NY, USA
  • Permanent, Full time
  • JPMorgan.
  • 21 Aug 17

Vice President, Audit Manager

Department Description



The JP Morgan Chase Audit Department provides the Board of Directors, senior management and regulators with independent assurance that internal controls are operating effectively. Audit works closely with the Lines of Business (LOBs) and their support functions to achieve its mission through a comprehensive audit program. The department is respected throughout the firm for the caliber of the staff and their ability to add value beyond the audit opinion. The Global Audit Department has in excess of 700 auditors.

The Corporate Risk Audit Team is primarily responsible to assess the adequacy of the control environment across the firm's risk organization (Credit, Market, Operational, Model, etc.). This is achieved through a comprehensive program of audit coverage that is executed by a global team of business and technology auditors.


Audit Manager position based in New York with the Corporate Risk Audit Team. The Corporate Risk Audit Team is primarily responsible for assessing the adequacy of the control environment across the firm's risk organization. This is achieved through a comprehensive program of audit coverage that is executed by a global team of business and technology specialists.
 
The Audit Manager will be assessing the control environment supporting the firm's Risk Management Framework.  This role will focus on audit coverage as it relates to Risk Governance, including coverage of key areas such as Heightened Standards, BCBS 239, Dodd Frank for Swap Dealers and FCMs, Capital Planning and Basel III.  Additionally, the Audit manager will be driving the execution of the audit coverage program for Corporate Risk and the Investment Bank Risk functions, as well as working with other Audit teams (e.g.  Finance, Line of Business etc.).
 
The Audit Manager must be a mature and experienced professional who possesses outstanding leadership skills, strong relationship management capabilities, strong project management skills, and extensive knowledge of one or more risk disciplines.  This position requires an individual who can actively partner with global and regional business and technology management, colleagues, and regulators, and is a manager who can effectively mentor junior team members, work collaboratively with colleagues, and develop high-quality audit professionals.  
 
 
Responsibilities:
 
As a member of the Corporate Risk Audit Team in New York, you will be expected to drive and implement the audit coverage program, which involves effective risk assessment and design of a risk coverage approach. You will be responsible for coverage of the businesses and for executing the corresponding audit plan, for maintaining senior client relationships, and for monitoring and influencing ongoing business projects throughout the year.
 


  • Lead all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, report drafting, workpaper documentation, follow-up and tracking of management's corrective actions in response to findings, and validation of issue closure.


  • Partner with other risk groups within Audit (Investment Bank, Asset Management, Commercial Bank, Consumer Bank, Technology, etc.) to ensure the delivery of a seamless program of audit coverage across the firm.


  • Disseminate best practices and lessons learned to colleagues and clients.


  • Identify and follow up on specific audit issues and ensure appropriate involvement with significant business development efforts or projects. In this capacity, members of the team are often asked to join the steering or program control committees of major projects in order to provide continuous feedback on control issues or compliance with best practice standards.


  • Work with global line-of-business auditors in the early identification of emerging control issues and report them to business and audit management.


  • Build effective contacts and relationships with client management and colleagues through strong collaboration and innovating thinking.


  • Stay up-to-date on evolving regulatory, industry, and market events impacting the firm's risk organization.


  • Establish and support a culture that encourages integrity, respect, excellence, and advancement.


  • Some travel may be required.

 


Qualifications

 



  • Bachelor's degree in Accounting, Finance, Economics, or a related or quantitative discipline.


  • At least six years of experience in a Financial Services, consulting, or public accounting firm, with an appropriate level of exposure to and involvement with Risk Management. Knowledge of Credit, Market, Country Risk and Operational risk considered a plus.


  • Ability to run audits, manage projects, and participate in audit assignments in a team environment.


  • Excellent communication and interpersonal skills with ability to present complex and sensitive issues to senior management.


  • Experience in risk analysis, report preparation, risk assessment, issue/impact analysis, and executive report preparation.


  • Enthusiastic, self-motivated, effective under pressure, and hard-working.


  • Works well individually and in teams, shares information, supports colleagues, and encourages participation.