Internal Audit Contractor

  • Job ID:

  • Pay rate range:

    $65 - $100
  • City:

    New York
  • State:

    New York
  • Duration:

    10/11/2020 - 03/11/2021
  • Job Type:

  • Job Description

    Pay: $65-$75(W2)/$80-$100(1099/C2C)

    Duration: 4+months (may extend)

    Location: Remote

    Position: Senior Internal Auditor - Safety & Soundness

    A Large Public Accounting firm is seeking a team of consultants to join their Internal Audit team for a 4+month project with likely extension to work remotely. Engagement is to start as soon as possible.

    Preferred Knowledge, Skills, and Abilities 

    Required Qualifications:

    • Well versed in risk management / safety & soundness principles for large banks/financial institutions (total assets >$50 billion).
    • Deep understanding of bank safety & soundness standards including capital, asset quality, management, earnings, liquidity, and market risk.
    • Reviewing the validation of enterprise risk issues to assess the appropriateness, completeness, effectiveness, and sustainability of corrective actions taken.
    • Familiarity with operational risk areas such as fraud, information security/cyber security, board oversight and reporting, third-party risk management, fraud, etc.
    • Practical experience as a consultant, banking official, or bank regulator in the enterprise risk governance framework.
    • Familiarity with the OCC, FRB, and FDIC risk management/safety & soundness examination procedures, including regulatory guidance (e.g., OCC Bulletins, FRB SR letters, FDIC FILs, etc.)
    • Familiarity with remediation or validation of regulatory mandates (MRAs, MRIAs, MRBAs, etc.) stemming from enforcement actions such as Consent Orders, Cease & Desist Orders, MOUs, etc.
    • Independent verification of remediation and / or mitigating controls, and sustainability for enterprise risk issues as defined by organization polices (Issue Management and Enterprise Risk Management policies).
    • Reviewing the validation of milestones associated with identified issues.
    • Oversee the planning and validation reviews within required timeframes and in accordance with established processes and procedures including the Independent Monitoring, Testing, and Validation Policy and Procedures.
    • Communicate the validation process, status, and results to business partners.
    • Provide credible challenge and recommendations resulting from validation work to risk and business partners.
    • Facilitate an efficient and valued validation review process.
    • Validate and communicate potential issues and results of testing to the appropriate parties, including senior management.
    • Drafts the related audit issues and audit reports for issuance to respective client leadership conducting follow-up activities.
    • Evaluate the adequacy of process design, identify process risk points, and evaluate adequacy of corresponding internal controls.
    • Propose practical and value-added recommendations to address control weaknesses, gaps, and/or process inefficiencies, and document clear evidential support for findings.
    • Participate in closing meetings at the end of fieldwork and develop articulate and concise explanations for identified issues.

    Preferred qualifications:

    • Big 4/6 Audit experience


    #pcaf #banking

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