Head of Audit Methodology, Vice President
State Street - Boston, MA
posted 4 days ago
About the position
As a direct report to the Head of Corporate Audit (CA) Practices, the Head of Audit Methodology will support the Head of CA Practices in maintaining the Department Methodology in accordance with the IIA's International Standards for Professional Practice of Internal Auditing and applicable regulatory guidance. In this role you can be based out of Boston, New Jersey, or Toronto. The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, you will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
Responsibilities
- Maintain / update the CA audit methodology and associated governance documents, procedures and templates, including maintenance of applicable areas of Audit Central and other tools
- Develop and facilitate training courses to communicate new or revised audit methodology concepts, tools and techniques to the department
- Serve as the department's audit methodology subject matter expert, including consulting with and advising audit teams in unique or complex situations
- Stay up to date with audit practices in the industry, trends, and impactful events in order to make methodology enhancement recommendations
- Monitor and analyze new or revised IIA standards, guidance and publications; make recommendations and lead the implementation of any action plans
- Perform gap assessments against new or revised internal audit-related requirements and guidance from US and non-US regulators, make recommendations to mitigate any gaps, and lead the implementation of any action plans
- Collaborate with first and second line assurance teams to share best practices, understand assurance activities performed across the organization and align on risk and control processes, where feasible
- Represent Methodology as part of the M7 Working Group, providing requirements to make sure M7 system functionality incorporates and aligns to audit methodology needs
- Lead department Methodology Steward program, coordinating activities and deliverables of the group, including New Hire Corporate Audit Methodology Workshops
- Coordinate with Department Quality Assurance function for awareness of QA themes and trends, incorporating updates into methodology to promote consistent quality and conformance with IIA standards
Requirements
- 10+ years of experience in a related role with internal audit production, methodology, and/or internal audit quality assurance experience
- Bachelor's / University degree, preferable in finance, accounting or related field
- Advanced degree or certification (CFA, FRM, CPA, CIA) required
- Knowledge of and experience with Internal Audit Standards and related regulatory requirements (IIA, FRB SR13-1, CIIA, etc.)
- Proficiency in English is required, and knowledge of other languages is advantageous
Nice-to-haves
- Effective communication skills, with an energetic, charismatic and approachable style
- Self-motivated, detailed oriented, and ability to multi-task, balancing business as usual activities and change initiatives informed by the strategic roadmap
- Ability to drive processes that ensure strict deadlines are met while managing multiple concurrent deliverables
- Demonstrated success in business, functional and people management
- Role model behavior in cross-cultural awareness and ability to connect with colleagues globally in establishing and maintaining a collaborative and inclusive work environment
- Strong leadership skills that gain trust and credibility across senior stakeholders
- Strategic mindset and ability to clearly articulate vision; ability to drive adoption and measure success of initiatives
Benefits
- Generous medical care
- Insurance and savings plans
- Flexible Work Programs
- Development programs and educational support
- Paid volunteer days
- Matching gift programs
- Access to employee networks
