Senior Auditor II - Enterprise Risk Management ("ERM")
Senior Auditor II – Enterprise Risk Management (“ERM”)
The Inspection Group, as the Bank’s periodic control function (i.e., third line of defense), independently assesses the effectiveness of the permanent control function (i.e., first and second lines of defense) to identify, measure, monitor, and control risks.
The Senior Auditor II is primarily responsible for supporting integrated, end-to-end, internal audits of the ERM audit universe. This encompasses assessing management’s interpretation and implementation of key risk metrics (e.g., for liquidity, interest rate risk, derivatives, operational risk), data trace and recalculation of these measurements, the aggregation and reporting to key constituencies, and Intermediate Holding Company contributions. Example areas of focus include the Risk Appetite Framework, Asset-Liability-Treasury Management (“ALM-T”), Operational Risk, Comprehensive Capital Analysis Review, Capital Markets-Derivatives and Incentive Compensation. The Senior Auditor II works closely with audit assignment Team members to complete each phase of the audit. This involves regular interactions with Team members, internal clients, and business unit management. The Senior Auditor II will report to an ERM Audit Manager.
Essential Job Functions
1. Develops a risk-based approach covering applicable ALM-T, operational risk and derivatives processes based on regulatory requirements, Bank policy, and industry standards.
2. Reviews and assesses the Bank’s front, middle and back office processes related to the above. This includes evaluation of interactions across Bank entities (e.g., BNP Paribas, Intermediate Holding Company) as applicable.
3. Interprets regulatory requirements (e.g., regarding Liquidity Risk Management, Interest Rate Risk Management, Volcker Rule, French Banking Law) to evaluate whether applicable processes and controls are adequately designed and effective.
4. Analyzes the underlying data and attributes supporting ALM-T, Capital Planning, Operational and other reporting to Executive Management and the Board of Directors, to identify anomalies and outliers.
5. Demonstrates a strong ability to execute assigned audit procedures accurately, timely, and with minimal supervision.
6. Supports the Head of Assignment by assisting with audit scoping, planning, evaluating, and reporting.
7. Contributes to the completion of continuous monitoring activities for assigned auditable entities and escalates matters that may impact the timing of the next audit assignments.
8. Prepares and updates risk assessments for assigned auditable entities for supervisory review.
9. Validates the sufficiency and suitability of business corrective actions to address audit recommendations for supervisory review.
10. Exhibits effective written and verbal communication skills with all levels of management.
11. Possesses an understanding of audit, risk, compliance, banking, and/or product knowledge
12. Executes audit work in accordance with BNPP Inspection Generale and the Bank of the West Inspection Group policies and procedures.
Required Education or Equivalent Experience
- Bachelor’s Degree in applicable and related field
- Required license(s) or certification(s) CIA, CPA, CISA or CFA
- Years of relevant functional/professional experience: Minimum years of audit experience preferably with Big 4, major financial institution or regulatory agency: Typically 4+ years
Administrative/Technical Skills/ Other Information
- Primary focus of role is on day-to-day execution of assigned areas of audit responsibilities and demonstrates the ability to take on additional responsibilities.
- Maintains oneself current on industry and regulatory developments affecting areas of assigned responsibilities.
- Demonstrable strengths in one or more of the following:
- Bank audit activities
- Banking laws and regulations; region and branch banking operations; asset and liability management; treasury (including derivatives, Credit and Counterparty Activities)
- Enterprise Risk Management practices for large, complex banking organizations (LCBOs); capital management and planning; stress testing; model risk governance and management; operational risk; transfer pricing and cost allocation; incentive programs; etc.
- Basic IT Audit Activities
- None at this time
· Travel: Minimal
· Location: San Ramon or San Francisco
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.