Audit Manager, U.S. Loan Review

Full Time

International Banking Client

Office Status: Hybrid


  • Conduct credit file reviews to provide independent opinion on quality of credit risk assessment & underwriting, appropriateness & replicability of internal risk rating, and adequacy of provisions – in line with the Bank’s risk appetite and credit policies & procedures.
  • Conduct testing at portfolio/unit level to assess the operating effectiveness of risk management practices and controls, including adjudication activities.
  • Conduct continuous monitoring over business banking credit portfolios (industry and regional) and support ongoing issue closure & monitoring processes.
  • Build & maintain ongoing relationships with key audit clients within the business lines and control functions, support a customer focused culture that deepens client relationships.
  • Executes assigned areas in collaborative risk-based audits, ensuring scope and extent of work is in accordance with the approved plan; timing and budget are reasonable; procedures are efficient, and risks understood. This includes holding walkthrough meetings with audit clients to develop and document a thorough understanding of the business, key risks and processes for assigned projects. Identifying emerging issues that may impact the audit.
  • Executes assigned audits in accordance with department standards ensuring that the nature and extent of testing are sufficient and appropriate to support the audit opinion. Adopts a continuous dialogue approach with the audit clients during the audit to build rapport and maintain a healthy working relationship with the audit clients. This includes evaluating the adequacy of internal control design and operating effectiveness in meeting business, operational and control objectives and striving for efficient execution of assigned audits. The incumbent is expected to seek and obtain direction, perspective and resource support as required in order to complete the assigned audit on time and on budget.
  • Identifies control weaknesses during assigned audits and develops audit findings to determine the root cause and associated impact/risk including developing practical and cost effective recommendations as to how risks can be mitigated. This includes validating the accuracy of the finding with the auditee and present issues to management.
  • Following up on assigned issues in the Issue Tracking Database for timely resolution.
  • Prepares audit findings which clearly report the extent, cost and risk of error, including the impact of those issues on achievement of control objectives, operations processing, financial reporting and regulatory compliance. When in a supervisor capacity, reviews/edits reporting from team members and summarize issues in a draft audit report for review by the assignment supervisor/VP on a timely basis.
  • Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursues effective and efficient operations of his/her assigned areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to credit risk, operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Code of Conduct.
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