Sr. Audit Manager- Wealth Management

WHAT IS THE OPPORTUNITY?

The Wealth Management Senior Audit Manager position, reporting to the Audit Director of Wealth Management, is a leadership role as an auditor-in-charge for managing complex Wealth Management audits and assisting the Audit Director in supervising a team of auditors to assess risks and internal control environment of the bank\'s Wealth Management businesses. This individual will develop and execute detailed audit programs to evaluate the adequacy of the operational processes to meet bank policies and procedures and regulatory requirements, identify data analytic opportunities, analyze results of testing performed, and effectively communicate audit results to the Audit Director, senior management and applicable Board/Committees in the form of meetings, presentation, and written reports and memorandums. Additionally, the position is responsible for the maintenance and execution of the Wealth Management continuous monitoring program in accordance with audit methodology and based on industry/institutional knowledge, emerging risks, and regulatory changes and expectations. Key areas of focus and involvement include: Personal and Employee Benefit Trust Administration, Retirement and Custody Services, Specialty Wealth Assets, Investment Advisory, Broker/Dealer, Investment Banking activities for CNB\'s Capital Markets, Registered and Unregistered Fund Vehicles, Support Functions (Operations, Compliance, Risk)Thrives in a dynamic team-based environment, effectively manages ambiguity, works independently, exhibits innovative thinking with data analytics, robotic process automation and artificial intelligence, and demonstrates critical problem-solving leadership.

What you will do

Leadership & People Management:

• Leads/coaches a team of internal audit professionals at the individual audit level
• Implements the outcomes from the audit transformation program by leading the individual audit team members through the process changes.
• Manages resource planning to ensure that there are sufficient engagement resources to meet plan for the individual audit.
• Takes personal responsibility for a complete, multi-stage project (audit)
• Participates in social, charitable or inclusive committees within Internal Audit, CNB or RBC.

Audit and Assurance:

• Plans, executes and leads complex projects using a risk based, cost effective and efficient process but is comfortable and eager to incorporate dynamic and transformative practices to deliver valuable assurance, advice and insights to management while proactively adding value to CNB.
• Manages staff assigned to the engagement and reviews audit work for sufficient scope, testing, and for accuracy.
• Quickly assesses all applicable risks (credit, liquidity, interest rate, price, operational compliance, strategic and reputation) and mitigating controls, designs comprehensive audit programs, executes audit procedures, supervises and reviews the work of others, analyzes and synthesizes results of testing, effectively communicates results to senior management to affect change, and delivers well written audit reports in a timely fashion.
• Utilizes analytical, auditing and advanced excel/automation skills to complete assigned responsibilities.
• Collaborates with other audit groups to effectively plan, integrate and execute audits.
• Understands IT and fraud risks in order to identify key risks and controls in the business process or activity being audited.
• Assess information security and privacy policies and procedures to identify weaknesses within the business process or activity being audited.
• Leads and performs continuous monitoring activities periodically. Gathers and evaluates information received from business units and other external/regulatory sources.
• Performs follow-up on audit issues to ensure completion of management action plans.
• Ability to manage multiple audit assignments and work in a dynamically changing environment with minimal supervision.
• Complies fully with all Bank policies, procedures, audit methodologies, training and regulatory requirements.
• Tracks and manages audit resources to consistently meet the audit budget and audit plan mandates.
• Takes responsibility to eagerly develop own personal and professional leadership skills and learning capabilities.

Product/Business/Technology Knowledge

• Consistently keeps informed of new services, products, industry and regulatory developments and risk events that have a significant technology and business impact.
• Possesses working knowledge of the Investment Advisers Act of 1940, the Investment Company Act of 1940, Reg 9, ERISA, Securities Acts of 1933 and 1934 inclusive of exemptions under the Acts, FINRA requirements, MSRB Rules and the Dodd Frank Act especially the Volcker Rule is desired but not required if candidate can demonstrate the ability to quickly synthesize regulations or has an eagerness to learn.
• Possesses knowledge of capital markets products
• Develops a general knowledge of the business operations, regulatory and accounting and control environment in which City National Bank operates, particularly in areas where audit responsibilities are assigned.
• Discovers patterns, insights, trends and anomalies from straightforward analyses, data sets and visualization tools.
• Executes basic analyses (e.g. descriptive) and creates simple visualization using standard tools.
• Develops requests for advanced analytics by providing detailed explanations and responds to questions posed by the Data Analytics Lead or Data Scientist.

Relationship Building and Client Experience:

• Continuously builds trusting relationships with Internal Audit peers and business management.
• Acts as the key contact and responds to inquiries from business throughout the audit process.
• Leverages stakeholder relationships to advance business and project objectives.
• Prepares solutions to address potential roadblocks raised by others in response to recommendations.
• Creates an open and constructive environment for negotiation and assures all parties that a fair solution will be attained.
• Initiates discussions between parties to explore differences and help find common grounds

Staff Performance and Mentoring

• Acts as a role model/mentor to lower-level audit professionals
• Enhances and maintains staff morale
• Challenges others\' thinking or approaches in a constructive manner.
• Provides on-the-job training of staff auditors and prepares and conducts formal/informal training for less experienced staff members.
• Participate in interviews and evaluations of new applicants.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor\'s Degree or equivalent
• Minimum 7+ years of audit experience in an internal audit role within the banking or financial services industry, or with an public accounting firm.
• Minimum 3 years experience managing direct reports and demonstrated ability to develop people
• Certified Trust Compliance Professional (CTCP) Or
• Certified Fiduciary & Investment Risk Specialist (CFIRS) Or
• Certified Public Accountant (CPA) Or
• Certified Internal Auditor (CIA) Or
• Certified Information Systems Auditor (CISA) Or
• Chartered Financial Analyst (CFA) Or
• Certified Anti-Money Laundering Specialist (CAMS) Or