Internal Auditor III-Risk Management

Company Description

Finance

Job Description

Internal Auditor III-Risk Management
District of Columbia  Washington

Exp 2-5 yrs

Deg Bachelors

Occasional Travel

Job Description

The Risk Management Team within Internal Audit is responsible for assessing the adequacy and effectiveness of our practices and oversight processes relating to management of credit, market, counterparty, operational and model risks. The team conducts audit projects relating to risk management activities in various business units as well as the Enterprise Risk Management oversight function, utilizing subject matter expertise in risk management as well as relevant analytical methods and techniques in respective risk categories.

KEY JOB FUNCTIONS

•Apply specialized technical knowledge and expertise to perform reviews relating to the full life cycle of models, information technology applications, or risk management/analysis used across the company.

•Successfully perform all key job functions of the Internal Auditor - Specialty role at a higher level of complexity, scope and autonomy. Coordinate and lead audit team meetings to discuss the audit plan, including audit background, preliminary objectives/scope (identified during the Annual Audit Planning process), audit budget, audit execution schedule, affected departments, contacts and expectations. Take ownership and independently manage subsets of audits with minimal oversight from Audit Manager/Director - Specialty.

•Conduct first-level review of Internal Auditor - Specialty work and documentation; leverage Internal Audit Manager/Director - Specialty guidance as needed. Review audit documentation; begin to determine risks and the potential impact of risks on the organization. Perform root cause analysis on exceptions identified during audits. Validate and document Risk Control Matrix; write test procedures based on Risk Control Matrix. Draft audit reports; revise and finalize with Audit Manager/Director - Specialty.

•Write ICIs, discuss with audit management and validate issues with customers; assist with additional report writing as needed. Assist with tracking results of prior audits, identifying audit themes across organizations and determining if appropriate corrective action has been taken regarding significant audit concerns. Contribute to strengthening and improving the governance, risk and control environment of the organization; share issues, ideas and recommendations with the Internal Audit Manager/Director - Specialty and Internal Audit teams.

•Provide informal, day-to-day coaching and guidance to Internal Auditor - Specialty. Share knowledge of specialty areas to build knowledge and capabilities across Internal Audit. Build and maintain relationships with business partners at the manager and staff levels. Provide advice and share Internal Audit knowledge with business partner managers and staff to strengthen governance, risk and control environments, as appropriate.

EDUCATION

•Bachelor's Degree or equivalent required 

•Advanced degree in a quantitative discipline preferred

•Areas of Study - Business Administration, Finance, Economics preferred

•Certifications - CFA, FRM preferred

MINIMUM EXPERIENCE

•3+ years of related experience

SPECIALIZED KNOWLEDGE & SKILLS

•Risk management experience in a financial services company or related consulting experience.

•Demonstrated experience in credit risk management, credit policy and analytics in a consumer lending setting.

•Experience in developing or assessing risk management strategies related to loan acquisitions, underwriting, portfolio management or loss mitigation.

•Understanding of primary and secondary mortgage markets, including residential mortgage products and related risks

•Experience using quantitative techniques and modeling to solve business problems in lending and risk management.

•Knowledge of Enterprise Risk Management frameworks, with exposure to various risk categories such as counterparty risk, operational risk, model risk, etc. preferred.

•Must be able to clearly articulate and present findings and information to senior management

•Superior problem solving skills

•GSE risk management experience preferred, previous internal audit experience is a plus

Qualifications

Additional Information