Dir, Audit Risk Mgmt SME

Hicksville, NY, United States - Audit - Posted Jul 12, 2018
Requisition Number: 180000MV

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The Director, Audit Risk Management (SME) reports to the Chief Audit Executive within the Internal Audit Department and  participates in audits across the risk management functions and other complex areas of NYCB, including but not limited to; Interest Rate Risk Management, Liquidity Risk Management, Enterprise Risk Management, Credit Risk Management, Internal Loan Review and Allowance for Loan and Lease Losses. The position functions as a subject matter expert responsible for implementing and executing a risk-based approach to ensure that Internal Audit has a comprehensive audit approach and domain expertise to effectively assess the design and operating effectiveness of controls in the above areas to enable Internal Audit to self-identify potential risk management weaknesses and determine compliance with regulatory expectations.


Drives the scope and approach for all risk management and other complex audits, leveraging risk management domain expertise and insights on industry and regulatory expectations. Attends and actively participates in all risk management governance meetings and other stakeholder continuous monitoring meetings with risk personnel to share audit results and provide insights from a third-line of defense perspective. Effectively analyzes and assesses risk based approach to develop audit procedures, execute test procedures, and conclude on the operating effectiveness of relevant controls. Plans the audit engagement by documenting the planning process in the Planning Memorandum. Effectively leads interviews/meetings to ensure relevant information is obtained for analysis. Performs an appropriate level of testing based on the scope and risk, without over- or under-auditing.  Produces work paper documentation that is clear and concise, provides adequate detail of work performed and conclusions reached, meets IAD and professional standards, requires minimal revisions/review notes, and is sufficient to receive a satisfactory rating from the Internal Audit Quality Assurance team and external reviewers (e.g., KPMG, FRB, FDIC, NYSDFS).  Identifies potential obstacles early and escalates appropriately to achieve resolution. Proposes and identifies opportunities for continuous auditing. Stays up to date on regulatory requirements to ensure our audit programs ensure compliance with existing and new regulations. Manages time (by keeping abreast of audit status and hours incurred) to meet established deadlines, milestones, and time budgets.
Provides timely responses to client requests, and fosters positive working relationships with auditees and the audit team. Supervises, as assigned, the performance and completion of the audit procedures to provide assurance that work was performed effectively and relevant control weaknesses were identified and reported. Identifies control issues and findings timely, and ensures findings are based on relevant facts and are accurately characterized (based on risk).   Produces timely documentation of control findings in observation forms using the standard format (issue, background, findings, root cause, risk effect, recommendation). Clearly communicates control findings to key audit stakeholders as they are identified, and works with clients to develop effective agreed upon actions with related timeframes for completion. Shares IA process and business area knowledge with team members. Fosters a team environment, is inclusive and works well with others. May provide support, such as coaching, mentoring, training, etc. to help other team members. 
Performs special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.
Education and experience:
Bachelor’s degree or MBA in Accounting or Finance. Accounting, Finance or Risk Certifications preferred (e.g., CPA, CIA, CFA, FRM). Twenty (20) years of experience in Financial Services Industry focusing on risk management. Prior audit experience preferred.
Knowledge, skills and abilities:
Broad knowledge of risk management regulatory standards, banking, accounting, and internal controls and the ability to apply knowledge in an audit function. Knowledge of consumer regulatory compliance requirements. Solid verbal, written and interpersonal communication skills. Solid analytical skills. Proficient in the use of Microsoft Excel and Word. Ability to work with all levels of staff and management. Ability to handle multiple tasks simultaneously and meet established deadlines.
New York Community Bancorp, Inc. (NYSE: NYCB) is one of the 25 largest bank holding companies in the nation, with assets of $48.3 billion and a market cap of $6.4 billion at June 30, 2017. With deposits of $28.9 billion and 255 branches in Metro New York, New Jersey, Florida, Arizona, and Ohio, NYCB also rank among the largest depositories in the United States. NYCB operates through two banks with eight local divisions - New York Community Bank a savings bank with 225 branches throughout our five-state franchise; and New York Commercial Bank which has 30 branches. With a longstanding reputation for strength, stability and service, NYCB is proud to be committed to the communities it serves. To learn more about the NYCB Family of Banks visit us at www.mynycb.com
BRANCH OUT and help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family. {NYCB is an equal opportunity employer that prohibits discrimination in hiring or terms and conditions of employment on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information or any other classification protected by the federal, state, and local laws and ordinances.
This policy is applicable to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. When necessary, NYCB will reasonably accommodate employees and applicants with disabilities or with religious requirements necessitating accommodation.
In addition, NYCB complies with all applicable laws which govern nondiscrimination in employment in every location in which NYCB does business.

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