SR AUDIT CONSULTANT II Job in San Francisco, California US
SR AUDIT CONSULTANT II
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $89.7 billion at December 31, 2011. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 414 branches in California, Washington, Oregon, Texas and New York, as well as two international offices, on December 31, 2011. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visit www.unionbank.com for more information. Job Summary: Develop and document understanding of the Basel II qualification requirements and the Bank's advanced system activities and processes used to achieve compliance with the regulatory requirements. Conduct comprehensive audits of enterprise wide risk management practices by evaluating, monitoring and reporting on the effectiveness of controls supporting the Bank's advanced capital adequacy framework. Use a risk based approach of continuous monitoring and on-site evaluations to identify the activities and processes of the Bank's advanced systems of greatest risk or impact to the capital calculation. Ensure audit activities are effective and use the appropriate level of resources. Keep management apprised of the results of all audit activities. Major Responsibilities: Audit and Continuous Monitoring Prepare for risk evaluation by conducting preliminary reviews and interviews to identify client's business objectives, risks, and control techniques. Prepare risk assessments. Analyze and evaluate the adequacy of client's control environment. Develop risk-focused tests to ensure compliance with bank policies, procedures, and regulatory requirements. Direct, conduct, and manage the tests according to established standards and time frames. Assign, monitor, and review risk evaluation work performed by supporting staff. Provide work direction and ongoing performance feedback to assisting staff. Prepare and conduct performance evaluations for assisting staff. Conduct risk focused discussions with client management to review business issues and recommendations. Prepare risk evaluation reports summarizing findings. Describe risks and related issues/findings clearly and persuasively. Plan and complete risk evaluation schedule for area of responsibility. At audit manager's direction, assist external auditors and examiners with their engagements. Communication Promote effective and open communication with all levels of internal and external UB line and staff personnel. Provide technical guidance to units on operational policies and control procedures. Keep audit manager informed on degree of risk in various operating units, particularly the more complex and/or specialized units, through periodic reporting of high level business/unit summaries. Clearly communicate issues to the appropriate level of line management. Act as liaison for external auditors and examiners during the on-going or annual reviews. Teamwork Promote teamwork with the team, as well as with other units. Maintain effective working relationships with line management. Provide leadership, training, and guidance to other auditors. Special Projects Initiate and complete special projects as necessary.