What are the responsibilities and job description for the Vice President, Audit Risk position at Madison-Davis, LLC?
Title: Vice President – Audit – Risk Management
Office Status: 2x a week in office
Salary: $150,000-$180,000 Bonus
Overview:
A leading global investment bank is seeking a Vice President to join its Internal Audit Department. This individual will be instrumental in executing and overseeing audit engagements related to risk management, with a specific focus on credit risk. The vice president will report to the risk management audit director, managing high-complexity audits and providing expertise in risk management subject matter. The ideal candidate will have a proven track record in audit leadership, strong credit risk knowledge, and excellent communication skills to collaborate effectively with stakeholders at all levels.
Responsibilities:
- Lead the planning, execution, and oversight of audits, including those related to Credit Risk, Counterparty Credit, and Enterprise Risk, ensuring compliance with audit standards and company policies.
- Manage audit teams, providing coaching, feedback, and development opportunities to internal and co-sourced professionals.
- Conduct detailed risk assessments, proposing updates to the audit plan based on business trends and emerging risks.
- Collaborate with the Risk Management Audit Lead in preparing audit reports and ensuring alignment with strategic departmental goals.
- Communicate audit results and recommended actions to senior management and stakeholders, fostering a collaborative environment to address identified risks.
- Oversee the validation and closure of audit and regulatory issues.
- Contribute to quarterly and annual risk monitoring processes to enhance the organization’s risk management framework.
- Participate in special projects aimed at optimizing departmental processes and aligning with regulatory changes.
- Build and maintain strong relationships with internal business units, external auditors, and regulators.
Qualifications:
- BA/BS in Accounting, Finance, or related fields.
- 6 years of experience in audit risk within banking or financial services.
- Strong knowledge of credit risk, counterparty credit risk, and capital markets products.
- Strong knowledge of regulatory requirements related to risk management (e.g., Leveraged Lending (SR 13-3), Counterparty Credit Risk (SR 11-10).
Salary : $150,000 - $180,000
