Audit Manager- Global Banking & Markets Audit

HSBC - New York, NY (30+ days ago)4.0


Manages financial, operational, compliance and project audit examinations of various businesses to independently and objectively identify and assess risks, evaluate adherence to controls and compliance with established policies, procedures and regulations, making recommendations for improvement. This includes administrative responsibilities, such as staffing schedule, project budgets and overall execution of the audits in a timely manner. Perform quality audit work in accordance with Group Audit Standards Manual (GASM) and Audit North America Instruction Manual (AUN IM) requirements.

Impact on the Business
Draft audit reports and conclusions for each audit, ensuring reports accurately reflect audit findings documented in audit work papers. Ensure related risks, conclusions, root causes and recommendations are reasonable and well based.
Design or approve computer-assisted audit techniques (CAATs). Subsequently review the exception reports to ensure that the team sufficiently analyzed and evaluated the data.
Ensures compliance monitoring is in place, including processes for management of operational risk, in accordance with Company and regulatory standards.
Leadership & Teamwork
Manages the audit planning process to include completion of the audit risk assessment document (ARA); manages on-site audit work to include staff work-paper review, conducting regular staff meetings and communication of audit issues to line senior and executive management.
Assists the audit team in managing assigned areas of responsibility to establish timelines including following up of outstanding document, management information reporting requests and program updates.
Maintains current knowledge of business, organizational, audit and technological changes as well as pertinent internal and regulatory policy and procedural requirements to ensure audit integrity, process innovation and service quality. Make adjustments to audit methods, programs and systems as appropriate.
Provides targeted coaching and ongoing professional development to assigned staff. Draft audit evaluations for audit team.
Completes other related duties as assigned, including participating in special projects and investigations, policy and procedures reviews, due diligence, reorganizations, consolidations and new products and systems. Support the Company’s Diversity programs.
Lead and develop an effective team through communication, performance management, development plans and reward/recognition practices.
Promote an environment that supports diversity and reflects the HSBC brand.
Operational Effectiveness & Control

Review and assess Group and Company policies and effectiveness. Complete risk base audit planning and assign/manage tasks to staff and to execute assigned work.
Periodically follows up on all audit issues reported to management. Follow up should verify that all issues noted have been corrected through the establishment of mitigating controls as noted in the recommendations of the audit report. Closure of high risk issues including validation should be discussed with VP or SVP manager prior to closing the issue.
Ensures identification of business process improvements for segments audited as appropriate, to enhance operational effectiveness, customer service quality and efficient use of Company resources.
Complete other responsibilities, as assigned.
Management of Risk

Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
Observation of Internal Controls
Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators

Qualifications

Minimum of seven years proven and progressive audit, business, and/or accounting experience or equivalent.
Minimum of a Bachelor’s/Master’s degree in business, accounting, finance and related field.
Professional certification (s) preferred.
Ability to work with a diverse group of individuals at all levels.
Strong managerial, written and verbal communication skills, analytical, problem-solving, organizational, decision-making and interpersonal skills.
Ability to exercise discretion, work independently within broad guidelines, tactfully handle sensitive and confidential data and complete assignments timely.
Proficiency with personal computers as well as pertinent mainframe systems and software packages.
Ability to work with a diverse group of individuals at all levels.
Ability to travel.
EEO/AA/Minorities/Women/Disability/Veterans