BNY

Safeguards and moves assets for investors

Vice President Auditor - Markets

Internal Audit & ControlsConfirmed live in the last 24 hours

Full-time$69k - $160kIn-person

About the Job

Requirements

A bachelor's degree or equivalent combination of education and work experience is required.
Seven to ten years of total work experience is preferred.
Prior experience in Internal Audit is preferred.
Knowledge and experience in Market Risk Management, including global regulatory requirements, is preferred.
Knowledge and experience in Capital Markets, including fixed income and equities trading and broker-dealer compliance, is preferred.
Knowledge and experience in Foreign Exchange Trading, including spot, forwards, derivatives, and options, is preferred.
Knowledge and experience in derivatives trading, including interest rates and equity, is preferred.
Knowledge and experience in Swap Dealer CFTC rule compliance is preferred.
Knowledge and experience in securities finance is preferred.
Knowledge and experience in liquidity and margin services is preferred.
Familiarity with AI-enabled audit testing and continuous auditing concepts is a plus.
Understanding and interpretation of analytics results for audit is required.
Critical thinking and problem-solving skills are required.

Responsibilities

Oversee risk-focused audit activities in accordance with Internal Audit policies, methodologies, and standards to identify meaningful issues, risks, and other exposures in areas being audited.
Collaborate with the Audit Leadership team to determine and prioritize regulatory priorities and business strategies.
Work as an in-charge on audits and regulatory validations related to Swap Dealer Risk Management, market risk management, global markets trading, securities finance, liquidity, and margin services.
Apply familiarity with key aspects of the Market Risk Management framework, including market risk regulatory capital calculations, related regulatory reporting (FFIEC102), VaR/SVaR back testing, market risk limits, covered position recognition, and implementation of forthcoming Fundamental Review of the Trading Book requirements.
Articulate difficult concepts to others, adapting communication methods and approaches as necessary.
Provide Senior Management with recommendations and consultation to improve and reimagine audit processes and practices.
Identify inconsistencies with the control environment, regulatory requirements, and best practices, and initiate the development of structures or solutions to address them.
Create long- and short-term project plans, set milestone targets, and adhere to deadlines.
Work with relevant stakeholders to deliver, monitor, and communicate progress toward goals.
Identify and provide recommendations on improvements across the organization.
Identify opportunities to use automation and make recommendations for software support requests.
Guide work and train less experienced peers, and advise assigned clients.

In this role, you will make an impact in the following ways:

Oversees risk-focused audit activities, in accordance with Internal Audit policies, methodologies, and standards to identify meaningful issues, risks and other exposures in areas being audited.
Collaborating with Audit Leadership team to determine and prioritize regulatory priorities and business strategies.
Working as an “in-charge” on audits and/or regulatory validations related to Swap Dealer Risk Management, market risk management, global markets trading, securities finance, liquidity and margin services.
Familiar with key aspects of the Market Risk Management (MRM) framework including market risk regulatory capital calculations, related regulatory reporting (FFIEC102), VaR/SVaR back testing, market risk limits, covered position recognition, implementation of forthcoming Fundamental Review of the Trading Book (FRTB) requirements. etc.
Has demonstrated ability to articulate difficult concepts to others, adapting communication methods/approaches as necessary.
Providing Senior Management with recommendations and consultation to improve reimagine audit processes and practices.
Identifies inconsistencies with the control environment, regulatory requirements and best practices and initiates the development of a structure or solution to address the issue(s).
Strong project management skills creating long- and short-term plans, including setting targets for milestones and adhering to deadlines.
Working with relevant stakeholders to deliver, monitor and communicate progress towards goals.
Identifying and providing recommendations on improvements across the organization
Identifies opportunities for the use of automation and makes recommendations for software support requests.
No direct reports. Demonstrates leadership through work guidance and training of less experienced peers and through advice to assigned clients.

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

Bachelor's degree or equivalent combination of education and work experience required.
7-10 years of total work experience preferred.
Prior experience in Internal Audit and/or Knowledge and experience in the following areas preferred:
- Market Risk Management; including global regulatory requirements
- Capital Markets, including:
  - Fixed income & Equities Trading
  - Broker Dealer compliance
- Foreign Exchange Trading (Spot, Forwards, Derivative. Options)
- Derivatives Trading (Interest Rates/Equity)
- Swap Dealer (CFTC Rule Compliance)
- Securities Finance
- Liquidity and Margin services
Familiarity with new innovative AI-enabled audit testing and continuous auditing concepts is a plus.
Additional core skill requirements include understanding of the applied and interpretation of analytics results for Audit, critical thinking and problem solving.

Base Salary Min: 69000

Base Salary Max: 160000

About the Company

BNY

Safeguards and moves assets for investors

BNY safeguards financial assets and runs investment services for institutions, investment firms and wealthy clients around the world. Its custody business keeps clients' securities safe and handles the records and transactions needed to administer investment funds. Banks and brokers use its systems to settle trades, manage collateral and send payments, while its investment and wealth businesses manage portfolios and advise clients. It earns servicing and management fees as well as interest on loans and securities funded by client deposits. BNY traces its roots to the Bank of New York, founded by Alexander Hamilton in 1784, and is headquartered in New York City.

Company size: 10,001+
Company stage: IPO
Headquarters: New York City, New York
Founded: 1784

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