Regulatory Closure Verification and Action Plan Support Internal Audit

Reg W – Regulatory Closure Verification and support for Action Plans in Internal Audit

Location: NYC (Preferred) | Baltimore or Remote (Secondary)

Experience (in years): 10+ years in Regulatory audit for large U.S. banks (JPM, Morgan Stanley, Citi, etc.) or International Financial Institutions (HSBC, Barclays, UBS, DB, etc.)

Summary:

Looking for a team of 2 skilled audit SMEs experienced in Reg W related regulations to monitor transactions of affiliates or subsidiaries

Scope and Deliverables:

Perform initial review and control design walkthroughs to identify and document key

processes, risks, and controls

Assist with preparing the Initial Review Memo and Design Review Memos

Develop, execute, and document control design testing related to the process

design and controls design

Develop, execute, and document control operating effectiveness testing related to

the control’s implementation and execution

Meet with employees and contractors to comprehend policies, processes, and

controls

Report the outcome of meetings and discussions to the Authorized Senior Leaders

in Internal Audit group

Employees

Review and validate evidence to determine the effectiveness of controls

Submit design and operating effectiveness testing conclusion workpapers

Finalize closure verification testing results for the team to review and upload to

OpenPages

2. SKILLSETS REQUIRED for Support

Strong control mindset and ability to highlight significant controls

Experience in financial services, particularly large US Banks

Knowledge of US Regulations Reg W preference

Experience in auditing Compliance / First Line / Finance functions

Can work independently

Strong project management skills

Strong analytical, interpersonal, communication and writing skills.

Data analytics experience (excel) (plus)