We are looking for

Vice President– Quality Assurance Review of Audits and Remediation

Apply REF: INS000265

Business overview:

Inspection Générale North America (IGNA) Hub is part of BNP Paribas’ global Internal Audit group (Inspection Générale or “IG”) which is staffed by highly qualified individuals who perform risk-based reviews to provide reasonable assurance to senior management on the adequacy of internal controls and recommend control and efficiency improvements.

In line with the regulatory expectations, IGNA is building a team of Quality Assurance professionals to perform reviews of Conduct Risk audits applicable to Designated Market Activities on US and worldwide audit assignments.

Candidate Success Factors:

Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform:

  • Results and Impact
  • Leadership and Collaboration
  • Client, Customer and Stakeholder Focus
  • Clear communication of Audit Techniques, Documentation, and Best Practices

Responsibilities:

The Quality Assurance professional will perform internal Quality Assurance reviews across BNP Paribas North America HUB on assignments, which provide audit coverage of all audit functions and activities. The Quality Assurance Review team will play a key role in providing reasonable assurance to stakeholders of internal audit activity on Information Technology, Credit Review, Financial Operations, Enterprise Risk Management, Compliance, Markets, and other audit activities. 

A strong background in audit techniques, documentation, and testing practices, or consulting for Financial Services is a key requirement for this position. 

Specific Responsibilities include:

  • Perform quality assurance reviews to assess accurate and consistent adherence to IG’s Audit Methodology , IIA Standards, and IG Policies and Procedures.
  • Determine if audits identify and assess risks and controls that adequately address the business environment.
  • Evaluate if audits clearly identify relevant laws, regulations, and industry best practices covered.
  • Review audit related documentation, including Work Program Memos, audit workpapers, and audit reports.
  • Performs QA over IG validation of regulatory and IG recommendations remediation activities performed by the Bank
  • Assess execution risks over selected remediation activities, including interdependencies, by assessing whether the underlying risks have been sufficiently challenged by the validation parties
  • Identifies lessons learned from regulatory recommendations issued to the Bank and to IA by performing, coordinating or assisting in the preparation of post-mortems for continuous improvement purposes
  • Effectively communicates verbally and in writing with Bank’s stakeholders and IG Team Members
  • Write quality assurance review reports, including compliant and non-compliant attributes.
  • Identify improvement opportunities, offer specific recommendations, and provide feedback to the audit teams (collectively and/or individually) to improve their performance and execution of audits.
  • Monitor the quality of audit execution and documentation across audit teams and regions.
  • Maintain and update quality assurance templates on a regular basis, to reflect feedback from stakeholders or to incorporate new/changed regulatory expectations.
  • Keep abreast of the evolution of auditing standards and key regulations.
  • Develop and maintain relationships with other Quality Assurance professionals and other stakeholders.
  • Deliver clear presentations to Senior Management and IG Management.
  • Adopt and promote strong ethical values.

Minimum Qualifications:

  • Bachelor's degree in applicable and related field (Accounting and/or Finance preferred).
  • Minimum of three to six years of audit and/or risk experience with audit or risk management in the banking industry.
  • Strong understanding of audit practices and risk management concepts and related regulatory expectations.
  • Strong understanding of the relevant risks and controls in a banking and operations environment.
  • Excellent verbal and written communication skills to interact effectively with the different stakeholders and regulators.
  • Ability to work in a team, liaise with other bank departments and adapt to new situations and approaches.

Preferred

 

Qualifications:

  • Relevant licenses and certifications. CIA preferred
  • Experience is Banking Risk Management improvement or remediation projects. 
  • Strong knowledge of financial and banking products, banking industry and the related risks.

FINRA Registrations Required:

 
  • Not Applicable

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

  • Not Applicable

SEC Security-Based Swap Dealer Associated Person:

  • Not Applicable

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

Primary Location: US-NJ-Jersey CityJob Type: Standard / PermanentJob: MISCELLANEOUSEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 3 yearsSchedule: Full-time Reference: INS000265