Sales and Trading Audit Director

Sumitomo Mitsui Banking Corporation – SMBC Group; New York (NY); Hybrid; USD 90,000 - 150,000; Full time

Job summary

An established industry player is on the lookout for an experienced Audit Manager to lead and oversee audits within the Internal Audit Department. This pivotal role involves managing complex audits, ensuring compliance with IIA standards, and collaborating with key stakeholders to enhance business processes. The ideal candidate will have a robust background in the financial sector, particularly in audit and risk management, and possess excellent leadership and communication skills. This innovative firm promotes a hybrid work model, allowing flexibility while maintaining a strong office presence. If you are ready to make a significant impact in a dynamic environment, this opportunity is for you.

Qualifications

• 10+ years of audit experience in financial industry roles.
• Strong knowledge of securitized products and capital markets.

Responsibilities

• Oversee audits from planning to reporting, ensuring IIA standards.
• Lead audit teams and communicate effectively with stakeholders.

Skills

Audit experience

Risk management

Data analysis

Leadership skills

Communication skills

Project management

Problem-solving skills

Education

Bachelor’s degree in finance, economics, or accounting

Advanced degree

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Microsoft Visio

Power BI

Tableau

Job description

SMBC is seeking an experienced audit manager with a minimum of 10 years’ experience in the financial industry to lead audit coverage of Front Office and associated support functions including Sales, Trading, risk management, and Operations within the Internal Audit Department.

The ideal candidate will be responsible for overseeing complex audits as an Auditor in Charge, ensuring work is performed in accordance with IIA standards and IAD policies and procedures, and supporting the Team Lead in the execution of their duties.

Responsibilities

• Direct and supervise audit from inception to completion including planning, testing, issue identification, workpaper review and reporting.
• Lead audit teams to execute high quality reviews within a prescribed timeframe.
• Provide support, coaching, and feedback to audit team.
• Effectively communicate with stakeholders and audit senior management to clearly articulate audit strategy, testing results and corrective measures.
• 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 key stakeholders.

Qualifications and Skills

• Minimum of 10 years of audit experience in Audit, Risk, Business Control, Compliance, Finance in the financial industry.
• Strong knowledge of securitized products (ECM, DCM, ABS and CLO).
• Good understanding of capital markets products (interest rate swaps, fixed income securities).
• Good understanding of electronic trading.
• Experience related to auditing Capital Markets and Securities front office teams.
• Strong understanding of risk management framework for trading activities and securitized products.
• Knowledge of regulatory expectations related to market activities including Dodd Frank, Volcker and Trading supervision.
• Expert knowledge of audit techniques, risk, and internal controls assessment, and workpaper standards.
• Strong data and analytical, problem-solving, project/program management skills.
• Excellent written and verbal communication skills a must.
• Highly resourceful with sense of detail and urgency, and ability to motivate others to deliver.
• Strong leadership skills; able to gain respect and cooperation.
• Proficient with Microsoft Word, Excel, Power Point, Visio, Power BI, Tableau.
• Bachelor’s degree in finance, economics, accounting, or related field. Advanced degree preferred.

Additional Requirements

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.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at [e-mail].