Audit Director - Market Risk

Madison-Davis; Charlotte (NC); On-site; USD 150,000 - 230,000; Full time

Job summary

Madison-Davis, LLC in Charlotte seeks an Audit Director to lead market risk audits across capital markets activities. This role requires deep expertise in market risk, regulatory expectations, and internal audit execution within complex banking environments.

This position oversees planning, testing, reporting, and remediation while collaborating with Front Office, Risk Management, and Finance. A strong background in VaR, stress testing, and Basel market risk concepts is essential.

Qualifications

• 10+ years in Market Risk or related fields within financial services.
• 5+ years hands-on audit experience in banking or capital markets.
• Strong knowledge of VaR, stress testing, scenario analysis, and risk aggregation.
• Advanced degree preferred; FRM/CFA/CPA/CIA are a plus.

Responsibilities

• Lead audits across market risk management frameworks and capital risk.
• Oversee audits from planning to reporting with risk assessments.
• Evaluate data governance and reporting controls in risk measurement.
• Communicate findings to senior management and stakeholders.
• Mentor junior auditors and support audit team development.

Skills

Market risk expertise

Internal audit

Stakeholder management

Communication

Regulatory knowledge

Education

Bachelor's degree in Finance/Economics/Math/Statistics/Engineering

Job description

ABOUT THE ROLE

A global financial institution is seeking an experienced Audit Director to lead audit coverage across Market Risk activities within its Internal Audit function. This role focuses on evaluating market risk frameworks, trading risk oversight, valuation controls, stress testing, capital frameworks, and regulatory risk management practices. The ideal candidate will bring deep expertise in market risk, capital markets products, quantitative risk methodologies, and internal audit execution within complex banking environments.

RESPONSIBILITIES

Lead audits covering market risk management frameworks, trading activities, valuation controls, stress testing, and capital risk managementExecute and oversee audits from planning through reporting, including risk assessments, testing, issue identification, workpaper review, and report preparationAssess the effectiveness of market risk measurement methodologies, including VaR, stress testing, scenario analysis, sensitivities, and risk aggregation processesEvaluate limit frameworks, risk appetite implementation, monitoring processes, breach management, and escalation proceduresReview capital frameworks and regulatory requirements related to market risk, including Basel market risk standards and FRTB conceptsAssess data governance, data quality, aggregation, reporting controls, and risks associated with manual processes and end-user computing toolsEvaluate governance, controls, and risk management practices across trading and non-trading market risk activitiesIdentify control weaknesses, process improvement opportunities, and practical remediation recommendationsSupport continuous monitoring activities, risk assessments, and audit planning initiativesCommunicate audit findings, recommendations, and remediation plans to senior management and key stakeholdersBuild relationships with Front Office, Risk Management, Finance, Regulatory, and Audit teamsMentor junior auditors and support the development of audit team capabilities.

QUALIFICATIONS

Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, or a related quantitative discipline10+ years of experience within Market Risk, Capital Markets, Internal Audit, Risk Management, or financial services consultingMinimum 5+ years of hands‑on audit experience within banking, capital markets, or financial services environmentsStrong understanding of market risk management frameworks including VaR, stress testing, sensitivities, scenario analysis, and risk aggregationExperience auditing or managing trading businesses, market risk functions, or quantitative risk frameworksKnowledge of capital frameworks, Basel market risk requirements, and FRTB conceptsUnderstanding of derivatives, structured products, fixed income products, and capital markets activitiesExperience evaluating data governance, reporting controls, data quality, and risk measurement methodologiesStrong knowledge of internal audit methodology, risk assessments, controls testing, and regulatory expectationsExcellent communication and stakeholder management skills with the ability to present complex technical topics to senior audiencesAdvanced degree (Master's or Ph.D.) preferredFRM, CFA, CPA, CIA, or similar professional certification is a plusExperience within large banking institutions, broker-dealers, investment banks, or financial services consulting firms strongly preferred.