Regulatory Closure Verification and Action Plan Support Internal Audit
Posted 1 week ago by 1762070370
Negotiable
Outside
Remote
USA
Summary: Looking for a team of 2 skilled audit SMEs experienced in Reg W related regulations to monitor transactions of affiliates or subsidiaries. The role requires extensive experience in regulatory audit for large U.S. banks or international financial institutions. Candidates will perform control design walkthroughs, develop testing documentation, and report findings to senior leaders in the Internal Audit group. Strong analytical and project management skills are essential for success in this position.
Key Responsibilities:
- Perform initial review and control design walkthroughs to identify and document key processes, risks, and controls
- Assist with preparing the Initial Review Memo and Design Review Memos
- Develop, execute, and document control design testing related to the process design and controls design
- Develop, execute, and document control operating effectiveness testing related to the control's implementation and execution
- Meet with employees and contractors to comprehend policies, processes, and controls
- Report the outcome of meetings and discussions to the Authorized Senior Leaders in Internal Audit group
- Review and validate evidence to determine the effectiveness of controls
- Submit design and operating effectiveness testing conclusion workpapers
- Finalize closure verification testing results for the team to review and upload to OpenPages
Key Skills:
- Strong control mindset and ability to highlight significant controls
- Experience in financial services, particularly large US Banks
- Knowledge of US Regulations, Reg W preference
- Experience in auditing Compliance / First Line / Finance functions
- Ability to work independently
- Strong project management skills
- Strong analytical, interpersonal, communication, and writing skills
- Data analytics experience (Excel) (plus)
Salary (Rate): undetermined
City: New York
Country: USA
Working Arrangements: remote
IR35 Status: outside IR35
Seniority Level: undetermined
Industry: Other
Reg W - Regulatory Closure Verification and support for Action Plans in Internal Audit (2 onsite roles)
Location: NYC (Preferred) | Baltimore or Remote (Secondary)
Experience (in years): 10+ years in Regulatory audit for large U.S. banks (JPM, Morgan Stanley, Citi, etc.) or International Financial Institutions (HSBC, Barclays, UBS, DB, etc.)
Summary:
Looking for a team of 2 skilled audit SMEs experienced in Reg W related regulations to monitor transactions of affiliates or subsidiaries
Scope and Deliverables:
Perform initial review and control design walkthroughs to identify and document key
processes, risks, and controls
Assist with preparing the Initial Review Memo and Design Review Memos
Develop, execute, and document control design testing related to the process
design and controls design
Develop, execute, and document control operating effectiveness testing related to
the control's implementation and execution
Meet with employees and contractors to comprehend policies, processes, and
controls
Report the outcome of meetings and discussions to the Authorized Senior Leaders
in Internal Audit group
Employees
Review and validate evidence to determine the effectiveness of controls
Submit design and operating effectiveness testing conclusion workpapers
Finalize closure verification testing results for the team to review and upload to
OpenPages
2. SKILLSETS REQUIRED for Support
Strong control mindset and ability to highlight significant controls
Experience in financial services, particularly large US Banks
Knowledge of US Regulations Reg W preference
Experience in auditing Compliance / First Line / Finance functions
Can work independently
Strong project management skills
Strong analytical, interpersonal, communication and writing skills.
Data analytics experience (excel) (plus)