Audit Manager, Global Markets Operations (GMO) and Non-Financial Regulatory Reporting, Tax & Credit at Eclaro
Charlotte, NC
About the Job
Audit Manager, Global Markets Operations (GMO) and Non-Financial Regulatory Reporting, Tax & Credit
Job Number: 24-03089
Grab the opportunity to achieve your full potential! ECLARO is looking for an Audit Manager, Global Markets Operations (GMO) and Non-Financial Regulatory Reporting, Tax & Credit for our client in Charlotte, NC.
ECLARO’s client is one of the world's largest financial institutions, committed to providing the tools and services that bridge the gap between customers and their goals. If you’re up to the challenge, then take a chance at this rewarding opportunity!
Position Overview:
- Global Markets Operations (GMO) and Non-Financial Regulatory Reporting, Tax & Credit Reporting Operations (NTCO) Audit is a global team that covers operations processes across Global Markets and NTCO.
- Key functions covered include trade clearing and trade processing, trade confirmations, settlements, trade control, reconciliations, collateral, reference data, product data, fees & billing, corporate actions, client services, client reporting, transaction reporting and other NFRRs, as well as coverage of compliance with associated regulations.
- This is a great opportunity to work within a collaborative and diverse team, covering GMO and NTCO, with teammates across the Globe.
- You will use your previous experience in Global Markets Operations to conduct audits across EMEA, with regular engagement in global work of the same nature.
- This role provides a great potential for exposure to senior management across the company and opportunity to engage in interesting and impactful work.
- You will be responsible for leading point in time audit projects (coordinating planning, process understanding, stakeholder engagement, test plans development, test strategy approval, test execution, identification of issues, discussing issues with line of business management, and drafting audit reports).
- You will be responsible for leading a project team on each audit to execute quality audits in highly complex and regulated GMO/NTCO areas.
- You will also be involved in risk assessments for GMO/NTCO auditable entities, issue validation, annual planning, developing, and executing of coverage strategies for business units and complex regulations, as well as ad-hoc regulatory-related work.
- You will also be responsible for maintaining stakeholder relationships with senior management of allocated business units.
- While the purpose of the role is to lead audit projects, the role may require working as individual contributors on regulatory or other complex or high priority projects.
Responsibilities:
- Responsible for leading execution multiple areas of test work during audit activities.
- Independently supervise execution of audit test work on assigned audits in a timely manner and with high quality.
- Demonstrate excellent project management skills to effectively, efficiently, timely and in line with methodology deliver point in time audit projects.
- Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit programs, and leverages automation and innovative methods in a timely manner and to high quality.
- Use analytical skills and/or technical expertise to enable the audit project team to execute assigned audit testing responsibilities and identify opportunities to automate testing or create continuous monitoring.
- Identifies control deficiencies, discusses with line management, and initiates control matter recommendations in assigned test areas.
- Assesses impacts of issues to business processes, controls, and strategies to provide recommendations on issue severity ratings. Escalates broad themes or trends, engages in discussions about risk and demonstrates business knowledge.
- Exercises critical thinking and judgment to effectively influence management to improve the control environment.
- Exercises sound knowledge of product, business, and technical expertise to effectively challenge management to improve the control environment.
- Responsible for drafting audit reports and sharing audit results with business leaders.
- Consistently strives to improve processes and challenge the status quo to improve existing operating environment.
- Supports employee development efforts, teamwork and a positive and inclusive work environment.
- Establishes business partner relationships, primarily with line management, to develop business knowledge.
- Uses innovative tools to complete audit activities more efficiently
Required Qualifications:
- 8+ years internal audit / external audit / or risk/controls testing background in financial services (ideally large institutional banks) with significant portion of it at as Auditor in Charge (Audit Supervisor, Audit Manager).
- Experience leading (front to back) complex audit projects as an auditor in charge is critical to this role.
- Strong project management skills, proven organizational, coordination and action tracking skills.
- Extensive experience in performing and coordinating end-to-end substantive testing. Understanding of statistical sampling testing approach is a plus.
- Ability to plan, execute and evaluate audit test plans within a risk-based audit methodology.
- Strong analytical skills. Ability to analyze large amounts of data and turn it into usable information.
- Ability to work in a very detailed manner as well as to look broadly across a population and develop connections and themes identifying risk and concerns.
- Ability to successfully communicate to influence management and lead change in both strategic and tactical initiatives.
- Self-starter, desire to learn able to teach others, positive attitude, exhibits flexibility.
Desired Qualifications:
- Bachelor's degree and/or Advanced degree with relevant experience.
- Certified Internal Audit (CIA) certification
- Prior Analytical / Automation Skills (SQL, SAS, Python. Alteryx, Advanced Excel)
- Advanced degree or certifications (CIA, CISA etc – CPA Preferred)
Required Skills:
- Internal Audit Experience:
- Several years of progressive experience within internal audit or external audit.
- Robust (several years) experience as auditor in charge (assistant manager, audit manager) is critical.
- Excellent knowledge and practical experience of concepts of internal/external audit methodology.
- Ability to supervise to ensure audit project work is document with sufficient detail and clarity so that it can stand internal review and external regulatory scrutiny.
- Curious Mind & Risk Mindset:
- Strong Risk mindset (look beyond the form to focus on the substance).
- Intellectual curiosity and confidence to ask difficult and probing questions.
- Proactive / critical / independent thinking and willingness to learn.
- Strong analytical and technical skills.
- Financial Services Experience:
- Financial services industry experience (ideally institutional Global Markets or Global Banking) as internal auditor (or external auditor).
- Foundational knowledge of key regulatory requirements in financial services (institutional Global Markets or Global Banking).
- Solid knowledge of major US financial services regulations (SEA, Dodd-Frank, CFTC, Client, client assets, economic sanctions, Uncleared Margin Rule) and ideally equivalent EU, UK regulations such as: MIFID, EMIR, Transaction Reporting, Client Assets).
- Ability to deal with complexity of a large, international, multi-product organization operating in the most heavily regulated industry.
- Execution – Project Management Skills:
- Ability to supervise and lead audit projects to deliver high quality work within deadlines.
- Excellent audit project management and audit planning skills.
- Ability to manage projects to completion with high quality and within allocated timeframes.
- Ability to process information and change audit focus quickly in line with risk assessments.
- Ability to navigate in a very large and highly complex and regulated bank, and to be able to understand very complex business flows with multiple controls, overlaid with complex regulatory requirements.
- Execution – Other Audit Execution Skills:
- Excellent organizational skills with keen ability to prioritize daily tasks with project work as well as ad hoc requests.
- Proven audit testing execution skills to be able to supervise the team and review audit documentation / workpapers.
- Solution oriented attitude.
- Ability to work in a geographically dispersed team.
- Experience in identifying issues, developing plans, and executing issue closure validation.
- Experience in audit automation.
- Attention to detail without losing the sight of risk.
- Ability to learn complex subject matter, understand regulatory requirements, and build testing programs to ensure compliance and mitigate risks.
- Collaboration Skills:
- Strong team player skills and ability to work in a multicultural environment.
- Ability to coach and help junior team members to achieve their potential.
- Communication Skills:
- Proven verbal and written communication skills.
- Ability to communicate with team members, Audit management, and the line of business.
- Stakeholder Management Skills:
- Relationship building.
- Experience in managing stakeholder relationships.
If interested, you may contact:
Meghan Ruggiero
Meghan.Ruggiero@eclaro.com
2128047478
Equal Opportunity Employer: ECLARO values diversity and does not discriminate based on Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.
