Internal Audit Department - IT Audit AVP

Bocusa; New York (NY); On-site; USD 65,000 - 150,000; Full time

Job summary

Bocusa is seeking an IT Audit Specialist in New York to assist in the oversight, design, and execution of the Bank’s IT audit program. The role involves planning and executing audits, evaluating management actions, and reporting on corrective actions. Candidates should have a bachelor’s degree and at least five years of IT audit experience.

Strong familiarity with IT risks, FFIEC standards, and the ability to coach team members are essential. The role offers a salary between USD $65,000.00 and USD $150,000.00 depending on experience.

Qualifications

• Minimum 5 years of experience in IT risk/audit on IT infrastructure.
• Experience as a bank examiner or auditor with IT risks.
• Familiarity with FFIEC regulatory standards is required.

Responsibilities

• Plan, design, and execute audit coverage strategy.
• Evaluate management action plans for audit issues.
• Provide coaching and on-the-job training to audit staff.

Skills

IT risk assessment

Audit methodology improvement

Stakeholder management

Data analysis

Coaching and training

Bilingual in Mandarin

Education

Bachelor’s degree

Advanced degree

Tools

Computer assisted auditing tools

Job description

Overview

The incumbent will be responsible for assisting the Team Lead with oversight, design and execution of the Bank’s IT audit program including audits of IT systems, applications and operations and the attendant risk undertaken in the line of business and control functions. S/he will contribute to audit risk assessment and perform detailed testing, evaluate management action plans, follow up on control issues, and update audit program, risk assessment and audit plans timely.

Responsibilities

Include but are not limited to:

Audit Program Enhancement

• Plan, design, and execute the audit coverage strategy of the IT and data quality and management programs, contribute to the US-wide audit risk assessments, and perform assigned audits by executing approved audit programs and questionnaires
• Review auditor work papers covering planning and fieldwork for sufficiency
• Influence the execution of other audits (business, control functions) with related risks
• Ensure the delivery of audit reports and Internal Audit feedback that is complete, insightful, timely, error free and concise
• Timely update audit programs, risk assessment and audit plans
• Recommend improvements in streamlining audit methodology and optimize the use of the audit workflow tool when available
• Establish and maintain relationships with senior internal stakeholders for the IT and data management and quality programs
• Coordinate with the Data Analysis Team in the design and implementation of continuous monitoring of the IT and data controls during integrated audits

Prompt, Oversee and Report on Corrective Action

• Evaluate management action plans to ensure the audit issue raised are adequately addressed
• Coordinate with key stakeholders to identify emerging and/or control issues affecting operation
• Perform issue tracking and risk-based validation of issues specific to IT program
• Follow up with counterparts to ensure control issues are resolved effectively

Build Expert Knowledge

• Design the auditor professional development plan specific to related skills
• Provide coaching and on-the-job training to audit staff
• Serve as the department subject matter expert on IT risks and audit procedures to test these risks

Qualifications

• A bachelor’s degree is required, and an advanced degree is preferred
• Minimum 5 years of experience in IT risk/audit on IT infrastructure, application and system implementation is required for the AVP level
• Experience as a bank examiner, auditor, consultant or compliance professional with a strong understanding of IT risks, familiar with core banking systems, transactional platforms, workflow tools use for retail and commercial banking is required
• Experience in using computer assisted auditing tools to evaluate assertions is required
• Deep IT lifecycle expertise in order to perform pre-implementation reviews and to evaluate sufficiency of IT beyond operating effectiveness is required
• Familiarity with FFIEC regulatory standards, COSO, COBIT, ISO among others, for IT controls is required
• Capability and willingness to develop staff on technical and soft skills is required
• CPA, CIA, CISA, CRISC, CGEIT, CISSP, CISM and/or equivalent certifications are preferred but not required
• Bilingual capability in Mandarin is preferred but not required

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications. USD $65,000.00 - USD $150,000.00 /Yr.