Audit-Quality Assurance-Director
Dynamics Associates - New York, NY

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Title: Quality Assurance Auditor

Level: Director

Department: Internal Audit

Background:
Internal Audit (IA) has identified over 7,000 +/- audit entities in the the firm's audit universe, which facilitate assurance on key legal entities and on presence countries. An audit entity’s risk assessment, audit results and any known required regulatory coverage drives audit needs during the annual planning process. Quarterly updates to the Risk Assessment are driven from business monitoring, changes in external factors, IA’s post-mortem process and trigger events. Risk assessment determines risk score of individual auditable entities which may result in adjustment to Audit Needs (and the Annual Audit Plan is adjusted to reflect change in risk), i.e., Quarterly Refresh Audit Plan.

Job Responsibilities:
•QA partner with the Chief Auditor, Chief Audit Executives, Heads of Audit and their direct reports.

•Working with the Chief Auditor Strategy, QA, Methodology and Communications to carry out independent QA reviews - particularly the Annual Audit Plan (quality, governance, framework, auditable entities, quality of risks assessments).

•Coordinate Consumer audit coverage and audit efforts, working closely with Asia Pac and LATAM QA Directors.

•Lead Quarterly Annual Planning and Audit Planning working groups for Internal Audit.

•Transform and drive IA to link Business monitoring results to the Quarterly refresh process.

•QA of Risk Assessment updates on a quarterly basis are driven from information gathered through business monitoring - this would involve checking and challenging documentation and rationale for risk assessments, scores and ultimately the Audit Needs.

•Working closely with Operations to ensure quality Annual Audit plan is prepared.

•Working closely with the QA colleagues to check and challenge audit universe, and auditable entities.

•Transparent audit universe and entities transformation via audit committee reporting, transformation presentation. Share industry best practice, common pitfalls with teams globally.

•Working with the QA team to develop a methodology to provide a valued interactive program of support and assurance to subsidiary boards and audit committees, as appropriate, on issues, trends, root causes and impacts to the respective business activities and the group.

•Working with the QA team to develop a methodology to provide a valued interactive program of support and assurance to senior management on issues, trends, root causes and impacts to the respective business activities and the group.

•Working with the QA team to develop a methodology to provide a valued interactive program of support and assurance in accordance with requirements and appropriate expectations to regulators and supervisors on issues, trends, root causes and impacts relating to governance, risk management and internal control issues.

•Working closely with Operations (MI), develop an approach, methodology and tool kits including reporting formats for managing the plan, budget, management information and headcount.

Requirements and Qualifications:
Qualifications:
•Candidates should have at least 15 years of diversified financial management experience, ideally including experience in audit or a related field.

•Experience in working with international operations and teams. •Candidate should have a thorough knowledge of operations and control systems as well as an understanding of best-in-class audit methodologies.

•The candidate must be proficient in risk and control analysis and audit concepts for a full range of products and specialized areas and will be skilled at analyzing root causes of problems and anticipating ‘horizon’ issues. Related certifications (ACA, CPA, CFA, MBA, CIA) are a plus.

•The Quality Assurance & Methodology Director will be a strong, energetic individual with a proven track record in managing high-performance teams.

•Candidates must have effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views. Strong presentation and relationship management skills are essential.

•This individual must be an articulate and effective communicator, both orally and in writing, with an energetic, charismatic and approachable style.

•Candidates must have effective persuasion skills, the ability to work effectively at the highest levels of the organization, and will display highly effective networking and influencing skills. This person will be comfortable acting as an agent for positive change with agility and flexibility.

•Must have extensive experience of working at top tier conglomerate banking firms (products and customers) and must have first-hand experience of Internal Audit.

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