Audit Manager - Risk

CFA Institute; New York (NY); Hybrid; USD 145,000 - 185,000; Full time

Job summary

SMBC Group is seeking an experienced Risk Audit Manager with a minimum of 7 years in the banking & finance industry to work within the Internal Audit Department. The Audit Manager will design and supervise internal audits, ensuring adherence to IIA standards and IAD policies, while collaborating on broader audit engagements.

The role reports to the Risk Stripe Lead and requires strong leadership, communication skills, and the ability to manage teams through planning, testing, issue

Qualifications

• 7+ years internal audit experience in banking/finance.
• Subject matter expertise in financial risk, ERM, capital planning and/or banking/capital markets products.
• Advanced understanding of regulatory standards for a Bank Holding Company.
• Understanding of audit techniques, internal controls, and workpaper standards.

Responsibilities

• Manage audit teams to execute high quality reviews within a prescribed timeframe.
• Direct and supervise audit from inception to completion including planning, testing, issue identification, workpaper review and reporting.
• Provide support, coaching, and feedback to audit team including internal or co-sourced professionals.
• Effectively communicate with stakeholders and audit senior management to articulate audit strategy, testing results and corrective actions.
• Assist with delivery and execution of IAD's broader audit plan and assurance responsibilities.
• Participate in quarterly/annual continuous monitoring and risk assessment to identify trends and changes in risk profile.
• Assist with special projects related to business process improvements or departmental initiatives.
• Track and validate closure of issues raised by the department and regulators.
• Develop and maintain strong working relationships with Americas Division business heads, external auditors, and regulators.

Skills

Internal audit

Financial risk

Enterprise risk management

Regulatory standards

Audit techniques

Communication

FRM/CFA certification

Education

Bachelor's Degree in Accounting or Finance

Job description

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $145,000.00 and $185,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

SMBC is seeking an experienced Risk Audit Manager with a minimum of 7 years' experience in the banking & finance industry to work within the Internal Audit Department.

The Audit Manager will report to the Risk Stripe Lead and be responsible to design and supervise execution of internal audits of various complexities, ensuring audit work is performed in accordance with IIA standards and IAD policies and procedures, as well as participate as a team member on other audit engagements or projects.

Role Responsibilities:

• Manage audit teams to execute high quality reviews within a prescribed timeframe.
• Direct and supervise audit from inception to completion including planning, testing, issue identification, workpaper review and reporting.
• Provide support, coaching, and feedback to audit team which may include internal or co-sourced internal audit professionals.
• Effectively communicate with stakeholder and audit senior management to clearly articulate audit strategy, testing results and corrective measures.
• As needed, assist with the delivery and execution of IAD's broader audit plan and assurance responsibilities.
• Participate in quarterly and annual continuous monitoring / risk assessment process to identify business trends and changes in the business risk profile.
• As needed, assist with special projects related to business process improvements or departmental strategic initiatives.
• Track and validate closure of issues raised by the department and regulators.
• Develop, promote and maintain a collaborative and strong working relationship with Americas Division business heads, external auditors, and regulators.

Qualifications and Skills

• Minimum of 7 years internal audit experience in the banking and finance industry.
• Subject matter expertise in financial risk (credit/market/liquidity), enterprise risk management, capital planning and/or banking / capital markets products.
• Advanced understanding of applicable regulatory standards / guidance for a Bank Holding Company.
• Understanding of audit techniques, internal controls, and workpaper standards.
• Excellent communication, presentation and professional skills including the ability to interact effectively at all levels within the organization.
• Bachelor's Degree in Accounting, Finance, or related field. FRM or CFA certification is a plus.

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [e-mail].