Managing Director, Head of Internal Audit Quality Assurance - BNY Mellon

Overview

Managing Director, Head of Internal Audit Quality Assurance

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.    

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We’re seeking a future team member for the role of Head of Internal Audit Quality Assurance to join our Internal Audit team. This role is located in New York, NY-Hybrid.

The Head of Internal Audit Quality Assurance for BNY Internal Audit will be responsible for overall leadership, development, and day-to-day oversight of the Internal Audit Quality Assurance function (“QA”). BNY’s Internal Audit (“IA”) function serves a critical role in providing independent assurance on the company’s processes, key risks, and controls. The Quality Assurance function provides equally important assurance on IA’s achievement of its responsibilities aligned to professional standards and regulatory expectation. 

 

This role will report to the Internal Audit Chief Administrative Officer and Head of Professional Practices and will maintain an additional reporting line to the Chief Audit Executive ensuring direct access on key quality matters. This role will be an agent of change driving continuous learning and improvement within the QA team and the broader IA function. In support of this objective, this individual will Chair the Internal Audit Quality Assurance forum comprised of the function’s senior leadership focused on the continued evolution and championing of quality practices function wide. In addition, this role will report on a regular frequency to the Audit Committee on the strategy and outcomes of the quality program.  

 

Key responsibilities:

 Executive leader of Internal Audit’s Quality Assurance Improvement Program; cultivate and grow a high-impact, high-stature Quality Assurance team as a destination for talent within Internal Audit. 

• Lead the development and deployment of industry-leading QA practices and approaches providing robust assurance on the quality of the IA function’s own practices. 
• Oversee the development and delivery of a robust plan of quality assurance across different QA vehicles including provision of the following:
• Thematic reviews covering broad topics of importance horizontally across the function including the function’s digital agenda. 
• Audit execution reviews covering individual reviews of audit activities and/or issue validations through real-time or post-closing reviews. 
• Regulatory validation assurance covering review of audit validations of regulatory matters for conformance with standards or validations of matters that are assigned to IA. 
• Quality control activities such as monitoring, scorecards, and reviews of reports and other key audit products pre-issuance. 
• Special initiatives or advances approaches such as ongoing reviews and monitoring of the department’s Future of Audit strategic plan execution. 
• Serve as thought leader on training and development supporting the ongoing development and maturation of IA methodology via QA insights. 
• Chair the function’s Quality Assurance forum, a newly established senior leadership body championing the quality practices function wide.  
• Maintain strong peer-level relationships with the function’s Deputy Chief Auditors on the cultivation of good quality outcomes in their areas. 
• Provide regular reporting to the Audit Committee on the Quality Assurance strategy, plan, and key outcomes and issues. 
• Lead the coordination of external assessments including third party reviews and benchmarks.
• Build and maintain excellent relationships across both IA division and executive management stakeholders including reporting to senior fora and Audit Committee on plan execution.  
• Coordinate IA’s dialogue with regulators on audit quality. 
• Participate and support Audit Executive participation in industry peer-groups and fora to establish benchmarks and peer range of practice on key audit quality topics. 

To be successful in this role, we’re seeking the following: 

• Bachelor's degree or equivalent combination of education and work experience required. Degree in accounting, finance, or relevant specialty preferred. MBA, CPA, CFA or related certifications preferred. Modelers - Advanced degree (PhD) in Math, Statistics, Physics, Economics or Engineering preferred 
• 15+ years of total work experience, with 5-7 years of management experience, preferred. Prior experience in a mid to high level managerial role in Audit preferred. 
• Additional core skill requirements include understanding of the applied and interpretation of analytics results for Audit, critical thinking and problem solving

At BNY, our culture speaks for itself. Here’s a few of our awards: 

• America’s Most Innovative Companies, Fortune, 2024
• World’s Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
• “Most Just Companies”, Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg’s Gender Equality Index (GEI), 2023

Our Benefits and Rewards: 

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. 

 

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $136,500 and $300,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

EEO Statement:

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.