Senior Audit Manager - Cap Stress Testing
Posted on: April 3, 2021
Purpose of Job We are currently seeking a talented Senior Audit
Manager ? Cap Stress Testing for the San Antonio Home Office, Plano
Legacy, Phoenix location. Remote work is only available for current
Charlotte, North Carolina residents.Relocation assistance is
available for this position.Manages audit engagements, varying in
complexity, and often participates in complex, cross-functional
risk-based assurance and advisory engagements driving quality of
audit work. May lead engagements as Auditor-In-Charge (AIC).
Maintains knowledge of financial services regulations and
effectively responds and interacts with regulators. Provides
oversight to multiple audit engagements and participates in review
of engagement planning, fieldwork and reporting. Manages strategic
initiatives and assists with the development and implementation of
a risk-based audit plan. Serves, and/or partners with subject
matter expert(s) within audit or the business to analyze issues,
establish collaborative client relationships, and proactively work
with client management to assess risk and improve internal
controls. Adheres to the Institute of Internal Auditors'
International Standards for the Professional Practice of Internal
Auditing (Standards) and Code of Ethics. Job Requirements About
USAA USAA knows what it means to serve. We facilitate the financial
security of millions of U.S. military members and their families.
This singular mission requires a dedication to innovative thinking
at every level. In each of the past five years, we've been a top-40
Fortune 100 Best Companies to Work For--, and we've ranked among
Victory Media's Top 10 Military Friendly-- Employers 13 years
straight. We embrace a robust veteran workforce and encourage
veterans and veteran spouses to apply. USAA Careers - Award Winning
Workplace (17 seconds) USAA Careers ? World Class Benefits (31
- Influences business and clients across the enterprise regarding
effective internal controls and mitigating risks across the full
Enterprise taxonomy and challenges business management to adopt
appropriate policies and procedures and effective controls designed
to mitigate risks.
- Manages audit engagement-related efforts and assignments of
staff with varying degrees of expertise and experience when
conducting engagements, specialized audits or business audits
recognizing the cross-matrixing and cross-functionality within the
specialized functions/business areas.
- Independently prepares, reviews, and leads continuous
monitoring and advisory activities, special reviews and
- Ensures assigned audit engagements are completed objectively,
professionally, timely and in accordance with corporate and
industry audit standards.
- Approves the engagement risk and control Matrix and scope of
the audit for final review and approval by Audit Leadership.
- Proactively identifies control weaknesses and opportunities for
improvement in the current operating environment providing
recommendations for corrective action. Drafts the related audit
issues and audit reports for issuance to respective client
leadership conducting follow-up activities.
- Responsible for quality of audit reviews with final signoff of
work papers; proposes and/or recommends updates to the universe
risk assessment of the entity based on audit results.
- Leads team activities and provides feedback to the team on
audit activities related to planning and scoping, testing and
sampling methodology and testing conclusions that demonstrate
critical thinking ability.
- Builds and enhances client relationships across the
organization for areas of responsibility helping to drive strategic
objectives with the business.
- Communicates effectively with business/clients to include
delivering both risk-based and difficult messages. May be asked to
communicate with regulators and executive leaders.
- Provides recommendations on staffing assignments to audit
leadership and guidance to staff members.
- Provides coaching and guidance to other auditors ensuring
timeliness and quality of audit engagement deliverables. May
deliver audit team end of engagement evaluations.
- Provides input into the creation of the internal audit universe
and audit entities risk profile. Updates universe risk assessment
information with current and applicable research and industry
- Participates in development of the Audit annual plan for
assigned areas of responsibility including proper assessment and
coverage of risks and emerging risks and assists with execution of
the annual plan.Minimum Education:Bachelor's degree in Business or
relevant field such as Finance, Accounting, Business, or
Information TechnologyFour additional years of related experience
beyond minimum required may be substituted in lieu of a
- 8 years of audit, financial, insurance, banking, information
technology or related business and/or leadership experience.
- Experience performing internal audits, external audits, or
applying audit, risk, or compliance acumen in a complex operational
and regulatory environment.
- Broad and comprehensive experience in Audit theory, internal
audit principles with demonstrated experience in audit examining,
analyzing, assessing, and drawing conclusions from audit work.
- Demonstrated experience effectively communicating and
challenging Controls with business partners and influencing
- Understanding of risks and internal controls and the ability to
evaluate and determine adequacy and efficiency of controls.
- Experience in a support role, mentoring, and providing feedback
to audit team members throughout the audit.
- Experience in overseeing work with both internal and external
partners in a highly collaborative environment
- Demonstrated critical thinking and knowledge of data analysis
tools and techniques and decision-making abilities.
- Demonstrated experience in highly dynamic environment
undergoing change; ability to deal with competing priorities.When
you apply for this position, you will be required to answer some
initial questions. This will take approximately 5 minutes. Once you
begin the questions you will not be able to finish them later and
you will not able to change your responses. Preferred Experience:
- Knowledge and experience with FRB, OCC, and FDIC regulatory
risk management requirements and related guidance, including SR
15-18 or SR 15-19.
- Strong business understanding and working audit experience in
assessing a financial institution's control environment supporting
the firm's capital planning and Comprehensive Capital Analysis and
Review (CCAR)/Dodd-Frank Act Stress Test (DFAST) process, including
governance frameworks (eg assumptions and overlays), risk
identification, scenario design, loss and revenue forecasting,
capital policy and capital requirements, and associated aggregation
and regulatory reporting. Knowledge and experience of at least one
of the following processes and methodologies used in stress testing
practice: Credit Risk, RWA, Balance Sheet Management, PPNR,
Operational Risk management.
- May lead model coverage within integrated line of business
audits to provides an independent assessment of controls over the
key risks that are associated with the use of models for the
purposes of key businesses such as those associated with the use of
models for valuation, risk management, loss forecasting and other
purposes across all businesses.Compensation:USAA has an effective
process for assessing market data and establishing ranges to ensure
we remain competitive. You are paid within the salary range based
on your experience and market position. The salary range for this
position is: $97,200 - $175,000. (this does not include
geographical differential, it may be applied based on your work
location) Employees may be eligible for pay incentives based on
overall corporate and individual performance or at the discretion
of the USAA Board of Directors..Geographical
Differential:Geographic pay differential is additional pay provided
to eligible employees working in locations where market pay levels
are above the national average. Benefits:At USAA our employees
enjoy best-in-class benefits to support their physical, financial,
and emotional wellness. These benefits include comprehensive
medical, dental and vision plans, 401(k), pension, life insurance,
parental benefits, adoption assistance, paid time off program with
paid holidays plus 16 paid volunteer hours, and various wellness
programs. Additionally, our career path planning and continuing
education assists employees with their professional goals.Please
click on the link below for more details. USAA Total Rewards The
above description reflects the details considered necessary to
describe the principal functions of the job and should not be
construed as a detailed description of all the work requirements
that may be performed in the job.At USAA our employees enjoy one of
the best benefits packages in the business, including a flexible
business casual or casual dress environment, comprehensive medical,
dental and vision plans, along with wellness and wealth building
programs. Additionally, our career path planning and continuing
education will assist you with your professional goals.Relocation
assistance is available for this position.
Keywords: USAA, Chandler , Senior Audit Manager - Cap Stress Testing, Executive , Chandler, Arizona
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