Bank of China USA · 3 days ago
Internal Audit Department-Risk & Operations Audit AVP/VP
New York, NY
Full-time
Onsite
Mid, Senior Level
$65K/yr - $230K/yr
5+ years expBank of China USA is one of the largest banks in the world, seeking an experienced professional for their Internal Audit Department. The incumbent will be responsible for executing audit coverage across business units and risk management functions, ensuring compliance with regulatory expectations and improving audit methodologies.
Banking
Responsibilities
Contribute to maintaining a 'Strong' internal audit function consistent with regulatory expectations
Plan, design, execute, and supervise the audit coverage strategy of the risk management program
Contribute to the bank-wide audit risk assessments and serve as a challenge function on risk matters bank-wide
Design and ensure implementation of testing of the risk management program and associated controls
Perform assigned audits by executing approved audit programs and questionnaires
Prepare and review auditor workpapers covering planning and fieldwork for sufficiency
Influence the execution of other audits (business, compliance, operations, technology) with related risks
Ensure the delivery of audit reports and Internal Audit feedback that is complete, insightful, timely, error free and concise
Evaluate management action plans to ensure that they adequately address the audit issue raised
Direct and/or perform issue tracking and risk-based validation of issues specific to the risk management program and associated controls
Follow-up with accountable risk management leaders and their teams to ensure control issues are effectively resolved
Design and ensure implementation of continuous monitoring of the risk management program and associated controls
Collect and analyze information in designated areas from regulators, Head Office and the branches
Update the audit programs, risk assessment and audit plans timely
Recommend improvements in audit methodology and automation
Partner with data analytics team to design and apply re-usable tools to automate full-population testing, sampling, reperformance processes, and exception testing
Design the auditor professional development plan specific to related skills
Provide coaching and on-the-job training to audit staff
Serve as the department subject matter expert on risk management and audit procedures to test these risks
Assist Team Lead on regulatory management and external auditor requirements
Support other departmental initiatives
Qualification
Required
Bachelor's degree in business, Finance, Accounting or related areas is required
7 - 10 years of work experience including in a control, risk, or audit role, including risk management at a large banking organization and/or Big 4 accounting/consulting firms with a deep understanding of front line business related to corporate, commercial and retail banking
Strong understanding of risk management including market, credit and operational risks from a control and mitigation perspective
Strong knowledge of corporate functions such as Finance, HR, Legal etc. required for VP level
5 - 7 years of work experience including in a control, risk, or audit role, including risk management at a large banking organization and/or Big 4 accounting/consulting firms with a deep understanding of front line business related to corporate, commercial and retail banking for AVP level
Good understanding of front-line business in regard to corporate, commercial and retail banking
Knowledge of management functions such as Finance, HR, and Legal
Understanding of risk management covering market, credit and operational risks from a control and mitigation perspective
Leadership experience in applying or evaluating the efficacy of control frameworks including U.S. bank regulatory standards, heightened expectations of the OCC, enhanced prudential standards of the Federal Reserve System among others
Capability in overseeing and executing multiple deliverables preferably within a highly matrixed structure where planning, management and strong interpersonal skills are critical to success
Experience in ensuring documentary sufficiency of analytical procedures to support audit standards and bank regulatory expectations
Experience using computer assisted auditing tools or performing computer modeling to evaluate assertions
Solid knowledge of risk applications and metrics for retail and commercial banking
Ability to build rapport with internal stakeholders and examiners
Excellent communication and interpersonal skills with ability to present complex and sensitive issues to senior management
Capability and willingness to develop staff, including new hires, on technical skills
Preferred
Master's degree
Accounting/Audit/Information System certifications (e.g. CPA, CIA, FRM, CFA) or equivalent
Company
Bank of China USA
Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 60 countries and regions.
501-1000 employees
H1B Sponsorship
Bank of China USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (57)
2024 (46)
2023 (52)
2022 (67)
2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
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