Manager, Internal Audit - Capital Stress Testing
SVB - Silicon Valley Bank
Località del lavoro
Santa Clara
Dettagli del lavoro
About the Role
The Internal Audit (IA) function provides the Bank with objective and independent assurance services to support the Bank in its mission and help achieve its objectives through proactive risk management. We have an exciting opportunity in our Internal Audit group for an Audit Manager role, focusing on capital stress testing.
This Internal Audit Manager role will be an integral part of our audit team to assist the Bank in evaluating risks and controls for capital stress testing across first and second line of defense. The individual should be experienced with the capital stress testing topics including risk identification, scenario design, pre-provision net revenue (PPNR) and loss estimation, risk weighted assets (RWA) calculation, financial planning & analysis and strategic planning, and capital-related regulatory submissions such as Capital Plan, FR Y-14 A/Q/M, BASEL III disclosure, etc. at a large financial institution. The individual will be responsible for leading capital-related audits.
This role would be a best fit for a highly skilled individual with significant capital stress testing audit experience at a Big 4 or large financial institution. We are seeking candidates who are growth oriented, have strong leadership skills and are able to work in a fast-paced & collaborative team environment.
Core Responsibilities:
• Assist the Senior Manager and Director with the capital coverage strategy to support annual opinion of the Bank’s capital planning process
• Coordinate with other Internal Audit teams on scope coverage as necessary if reliance is placed on other risk management and operations audit
• Assist the Senior Manager with scoping, planning and managing capital stress testing audits based on the coverage strategy
• Lead audit team in audit execution and oversee the day-to-day operation including stakeholder communication, audit status update, resource and budget management. Provide guidance to junior team members during execution.
• Review work papers to ensure clear identification of risks and issues, appropriateness of testing in accordance with approved test procedures and objectives.
• Deliver high quality audit reports in a timely manner, including assisting with vetting issues with business owners and key stakeholders
• Assist with evaluation of the appropriateness of the management action plans for issues identified. Assist with the follow-up activities for remediation
• Stay abreast of latest development in banking regulations and understand their impact to business to feed into the development of audit risk assessments and audit programs
• Ensure up-to-date knowledge on changes within the organization and identify the relevant regulatory and operational risks
• Develop and maintain collaborative working relationship with key business partners and stakeholders
• Proactively advance the use of data analytics and technology, as well as integrated auditing concepts to enhance effectiveness and efficiency of audit programs
• Apply project management skills to ensure timely completion of audits and manage audit resources to meet the audit budget and audit plan mandates
• Support a high-performance environment that develops and motivates the audit team for continuous learning and improvement by communicating strategy, knowledge sharing, coaching, and fostering an inclusive work environment
Skills and Requirements:
• An undergraduate degree in Finance, Accounting or a related business field is required
• 5+ years of financial services-related audit experience at large financial institutions ($100B +), with experience executing audits covering capital stress testing, RWAs, financial planning and budgeting, and/or strategic planning process and controls.
• Experience in relevant regulations and guidance including 2013 ROPE, SR 15-18/19, SR 12-7, SR 11-7; Regulation H, Q (market, credit, operational risks RWAs), Y, YY; CA Financial Code Section 1132
• An active professional certification in public accounting or internal auditing is recommended (e.g., CPA, CIA, PRM)
• Familiarity and experience with data analytics and analysis tools and techniques is a plus
• Strong project management and organizational skills, with the capability to manage multiple projects and deal with change with a positive attitude
• Pro-active, high energy and strong interpersonal skills with a team-focused attitude, demonstrating the ability to collaborate and compromise while building effective relationships
• Strong verbal and written communication skills with a demonstrated ability to articulate effectively and professionally
