Risk Audit Associate

SMBC Group; Charlotte (NC); Hybrid; USD 90,000 - 110,000; Full time

Benefits offered by this job

Hybrid work model

Accommodations available

Job summary

SMBC Group seeks an experienced Risk (Financial and Non-Financial) Audit Associate to join the Internal Audit Department, performing audits across a range of complexities in line with IIA standards and IAD policies.

The role requires at least three years in banking/finance or consulting with knowledge of controls, risk management, and regulatory requirements, plus excellent communication to stakeholders.

Qualifications

• Minimum of three years of experience in the banking and finance industry or consulting companies, preferably in the second and/or third line of defense roles for financial or non-financial risk.
• Working knowledge of banking / capital markets products.
• Understanding of applicable regulatory requirements, supervisory guidance, and industry standards relevant to financial and non-financial risk.
• Understanding of audit techniques, internal controls, and workpaper standards.
• Excellent communication, presentation and interpersonal skills including the ability to interact effectively at all levels within the organization.
• Bachelor’s Degree in Accounting, Finance, or related field.

Responsibilities

• Participate in risk audits from inception to completion including planning, testing, issue identification, workpaper review, and reporting.
• Assess the design and operating effectiveness of controls supporting operational risk, credit risk, liquidity risk and other financial and non-financial risk management frameworks.
• Effectively communicate with stakeholders 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 and risk assessment processes 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 collaborative and strong working relationships with business management, risk management functions, external auditors, and regulators.

Skills

Banking & Finance Experience

Risk Management

Audit Techniques

Regulatory Knowledge

Communication Skills

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.

Role Description

SMBC is seeking an experienced Risk (Financial and Non-Financial) Audit Associate with a minimum of three years of experience in the banking & finance industry to work within the Internal Audit Department.

The Audit Associate will participate in the design and 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

• Participate in risk audits from inception to completion including planning, testing, issue identification, workpaper review, and reporting.
• Assess the design and operating effectiveness of controls supporting operational risk, credit risk, liquidity risk and other financial and non-financial risk management frameworks.
• Effectively communicate with stakeholders 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 and risk assessment processes 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 collaborative and strong working relationships with business management, risk management functions, external auditors, and regulators.

Qualifications And Skills

• Minimum of three years of experience in the banking and finance industry or consulting companies, preferably in the second and/or third line of defense roles for financial or non-financial risk
• Working knowledge of banking / capital markets products.
• Understanding of applicable regulatory requirements, supervisory guidance, and industry standards relevant to financial and non-financial risk
• Understanding of audit techniques, internal controls, and workpaper standards.
• Excellent communication, presentation and interpersonal skills including the ability to interact effectively at all levels within the organization.
• Bachelor’s Degree in Accounting, Finance, or related field.

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].