Audit Issue Validation Executive

Recruiter
USAA
Location
Plano
Salary
Competitive
Posted
26 May 2019
Closes
28 May 2019
Job role
Audit
Contract type
Permanent
Hours
Full time
Purpose of Job Manage comprehensive internal audit issue validation program focused on regulatory validation, MRA/MRIA validation and significant management Identified issue/audit validation across the USAA banking and non–banking operations (Enterprise). Leads efforts on behalf of internal audit to comply with regulatory enforcement actions, including a Consent Order. Provides the Finance and Audit Committee of the USAA Board of Directors, the CEO, and members of USAA management with independent, objective assurance services regarding the effectiveness of programs and processes implemented to address issues across the enterprise, and regarding the organization s adherence to regulatory enforcement actions. Job Requirements
  • Establishes and directs all aspects of the internal audit validation testing program, to include developing and updating the internal audit validation testing methodology, procedures, ongoing assessment of business risks, a risk based annual audit plan, and audit methodology that mirrors current, professional internal audit standards.
  • Monitors and provides ongoing effective challenge related to the organization s efforts to comply with regulatory enforcement actions, including Consent Orders and MRA s.
  • Provides periodic briefings and/or reports on the activities of the validation testing program and the organization s adherence to the executive and board committees and councils.
  • Provides technical and ethical direction to audits that are sensitive, complex and/ or comprehensive in nature through discussions with staff.
  • Reviews and directs the development of audit reports, assures that professional standards are adhered to, actual time is compared to budget, and that the audit report contains fully supported factual information.
  • Assures that appropriate follow–up to audit observations are accomplished and reported.
  • Stays abreast of and maintains current knowledge of the direction of USAA through discussions with corporate officers and attendance at various management meetings, conferences, and Board of Directors meetings in order to integrate current risks into the audit plan.
  • Stays engaged with management level governance committees that address validation testing and/or compliance with regulatory enforcement actions, offering credible and effective challenge as needed during committee meetings.
  • Establishes and develops relevant, critical benchmarking information to maintain an efficient and effective program that maintains a forward–looking approach.
  • Creates and manages both short & long–term strategies adjusting audit approach and plans accordingly to align with changes related to new products and services, organizational structure, Bank s risk profile, and/or strategic initiatives.
  • Serves as point of contact and coordinates audits by outside independent auditors and regulatory agencies, where applicable, to maximize the effectiveness with such audits and participates in researching and resolving financial, operational, or regulatory problems identified.
  • Builds enduring teams and processes that foster an environment to attract, develop and retain strong talent.
  • Conducts special audits from management as requested.
Required:
  • Bachelor s Degree OR 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
  • 10+years of progressive experience in internal audit, risk management, compliance, other control partner experience or relevant operations developing strategies, managing major initiatives and delivering results within a complex matrix environment.
  • 4+ years of people leadership experience in building, managing and/or developing high–performing teams.
  • Experience collaborating with key resources and stakeholders, influencing decisions and managing work to achieve strategic goals.
  • Executive–level business acumen in the areas of business operations, industry practices and emerging trends.
Preferred:
  • Extensive experience leading internal audit teams in a large financial institution, preferably in consumer banking.
  • Strong project management leadership experience in risk or audit functions.
  • Broad risk experience, either in audit or in enterprise risk functions.
  • Demonstrated accomplishments validating consent order work.
  • Experience leading relationships with regulators.
  • CIA designation.
  • CRCM or comparable industry risk certification.