Global Audit Department, Corporate & Investment Banking, Compliance, Associate auditor
It is a leading global financial services firm with assets of $2.4 trillion and
operations worldwide. The firm is a leader in investment banking; financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. A component of the Dow Jones Industrial Average, it serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its brand.
The department is accountable to the Audit Committee of the Board of Directors, the Office of the Chairman, senior management and our global and local regulators. The Global Internal Audit Department (Internal Audit) has in excess of 700 Audit Officers. Internal Audit is responsible for assessing the adequacy of the control environments across the firm's lines of business. This is achieved through a program of audit coverage that is performed and managed by a team of integrated technology and financial business specialists.
The India Audit Hub (IAH) is a part of Internal Audit and is responsible for facilitating and supporting members of Internal Audit in assessing the adequacy of the control environment across various global business activities. This is achieved through a program of audit coverage performed and managed by a team of technology and business audit specialists and coordinated on a global basis with colleagues in the US, Asia and Europe. In addition, members of IAH may also be involved in facilitating the assessment of adequacy of
controls over significant projects including business reorganization, technology developments/conversions, and transition management.
This Auditor (Associate) position is based in Mumbai and is a part of the Compliance team within the Corporate and Investment Banking audit team. The Compliance team is responsible for providing audit coverage of corporate
Compliance activities, including Dodd-Frank and Volker initiatives, control room and information barrier surveillance programs, compliance testing and branch inspection activities, anti-trust and competitive bidding, anti-tying,
anti-corruption practices and compliance with various US and international rules and regulations.
The applicant must be an experienced professional who possesses a strong understanding of internal control
systems within a financial institution. The applicant should be a strong team player, able to multi-task and
work under pressure in a dynamic business environment.
More specifically, the auditor will be responsible for the following:
Facilitate the performance of various aspects of audit activities in accordance with department and professional standards and guidelines. Audit activities include audit planning; perform detail risk and control assessments and test work, work paper documentation and finalization of audit finding and report.
Facilitate the ongoing monitoring of operational and financial related data to identify patterns/trends with risk and control implications.
Stay current with evolving industry and regulatory changes, and analyze impact to business objectives, processes, and compliance.
Business and Industry Knowledge Knowledge and preferably experience of Corporate & Investment
Banking & Compliance processes. Ideally this experience will be from an auditor risk perspective.
Methodology & Analytical Skills detailed understanding of internal control and risk assessment concepts and strong analytical skills to assess the impact of control weaknesses.
Partnership- Strong execution skills, ability to work independently with limited supervision and multi-task.
Works well individually and in teams, shares information, and supports colleagues. Ability to create strong stakeholder relationships that promote transparency and open dialogue around control issues.
Communication- Strong verbal and written communication skills, with the ability to present complex and sensitive issues to management in a persuasive manner.
Leadership- Ability to assess priorities, adapt to a changing environment, organize and lead resources, monitor progress and timely deliver a high quality end product .Enthusiastic, self-motivated, effective under pressure.
Accountability proven ability to take the initiative in developing the scope and execution of audits/ projects.
Seeks ways to increase efficiency and effectiveness of work performed and resources utilized.
Willing to take personal responsibility/accountability.
Education to degree standard is preferable, as is a relevant professional qualification.
All relevant educational, business or accounting qualifications will be taken into account.
Minimum 4-5 years of audit or relevant business experience.
Knowledge and experience of corporate Compliance activities across Corporate and Investment
Banking businesses ideally from an audit or risk perspective. Knowledge and experience of auditing
Corporate and Investment bank products would be beneficial.
In-depth understating of audit practices and methodologies, including risk assessment and a
solid understanding of internal control concepts.
The ability to work effectively within a team.
Strong analytical skills particularly in regard to assessing the probability and impact of a control weakness.
Excellent verbal and written communication skills, with the ability to present complex and sensitive
issues to management in a persuasive manner.
Enthusiastic, self-motivated, effective under pressure and willing to take personal risk and accountability.
Proven ability to build strong relationships with key stakeholders, desire to learn quickly, be flexible and
Proven ability to multitask as well as assess and change priorities.
Self-motivated audit professional who effectively analyses risk and proactively identifies issues.
Ability to work well individually, and in teams, share information, support colleagues and
Flexibility to travel as required (up to 25%)