VP Auditor
The person in the role will assist the Internal Audit department’s Credit Review team in completing its annual audit plan, communicating to senior management and the Board Audit Committee those areas requiring control enhancements and providing recommendations for improvements.
Credit Review function has a global responsibility to evaluate the quality of the credit process and opine on the quality of the credit portfolio. The role covers all aspects of the firm's credit process, including but not limited to:
- Adequacy of and adherence to Credit policies and procedures
- Accuracy of internal credit rating
- Quality of underwriting and credit analysis
- On-going monitoring of credit exposures and portfolio management.
Credit Review officers are also responsible for the monitoring the implementation of the credit risk component of the firm’s Basel II AIRB project; on-going monitoring of credit portfolios assigned to them to identify emerging risks and trends and reporting them to Audit management. Credit Review officers are expected to liaise with regulators.
Reporting to the Head of Credit Review, the senior manager/VP will have a sound knowledge of credit analysis of all types of borrowers - large corporates, financial institutions, commercial real estate, small medium sized enterprises etc. The skill set required includes:
- Being able to supervise and mentor junior staff, and review work papers to ensure they meet internal standards.
- Strong, proven credit skills are required, preferably having worked as a credit analyst or in a credit review function in a major bank/financial institution or rating agency.
- Very strong team-working skills to support the broader audit function by leveraging their knowledge to the best use of the Firm.
- Experience of building credible relationships with senior management in the Credit Risk function.
- Experience of preparing audit planning memorandum including identifying and evaluating key risks, setting audit scope, determining budgets and staff assignments.
- Being able to manage audits to meet budgets and the time frame for completing audits.
- Being able to properly assess potential findings for significance.
- Drafting audit reports including writing clear and concise findings and recommendations.
- Following up actions quarterly with clients through to completion.
- A good understanding of Basel II requirements as applicable to credit risk is required.
- Strong analytical skills. Able to quickly process information.
- Bright, motivated and good interpersonal and communication skills.
- Degree educated (or equivalent).
- MBA, CFA or other similar qualifications preferable.
Leave a Reply
You must be logged in to post a comment.