Banking Internal Audit & Model Risk Lead (Hybrid NYC)

Turn2Partners; New York (NY); Hybrid; USD 180,000 - 260,000; Full time

Job summary

Turn2Partners in New York City is seeking an experienced Internal Audit Senior Manager/Director for a high-priority banking engagement. The role focuses on internal audit risk assessments, enterprise risk evaluations, and Model Risk Management audits within banking environments. Hybrid work in NYC with immediate interviews and start, demanding senior leadership communication and strong regulatory knowledge.

Qualifications

• Extensive hands-on experience conducting internal audit risk assessments in banking.
• Experience evaluating ERM frameworks and enterprise risk governance.
• Experience auditing Model Risk Management programs including SR 11-7.
• Strong ability to lead multiple audit workstreams.
• Excellent communication with senior leadership.

Responsibilities

• Lead and execute internal audit risk assessments across banking lines, operations, and control functions.
• Evaluate the internal audit universe to identify significant risks and audit coverage.
• Assess inherent and residual risks, control environments, and mitigation effectiveness.
• Develop and enhance risk-based internal audit plans aligned with regulatory expectations.
• Evaluate risk assessment methodologies, audit coverage, and prioritization approaches.
• Identify gaps in risk identification, control design, and audit coverage.
• Prepare risk assessment documentation and remediation recommendations for senior audit leadership.
• Conduct enterprise-wide risk assessments across banking operations and risk categories.
• Evaluate ERM frameworks, governance structures, and risk appetite.
• Assess risk indicators, escalation processes, and governance effectiveness.
• Review enterprise-level controls and risk mitigation strategies.
• Identify weaknesses in risk governance and oversight.
• Develop recommendations to strengthen risk management practices.
• Lead or execute auditing of Model Risk Management programs and governance.

Skills

Internal audit expertise

Banking industry knowledge

Model Risk Management

SR 11-7 knowledge

Regulatory compliance

Risk assessment

Education

Bachelor's degree in Accounting/Finance/Business

Job description

Turn2Partners in New York City is seeking an experienced Internal Audit Senior Manager/Director for a high-priority banking engagement. The role focuses on internal audit risk assessments, enterprise risk evaluations, and Model Risk Management audits within banking environments. Hybrid work in NYC with immediate interviews and start, demanding senior leadership communication and strong regulatory knowledge.