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VP, Internal Audit Manager | New York, NY

VP, Internal Audit Manager | New York, NY
November 1, 2022 Chitra Sharma

International Bank in New York City is seeking a VP, Internal Audit Manager to join their Internal Audit department. Experience with an international bank, CPA or CIA preferred.

  • Internal Audit Manager will assist the Senior Internal Audit Officer (SIAO) to organize and implement the internal audit work, supervise and manage the work of internal audit outsourcing organization(s), and supervise and/or execute the validation of the remediation of findings.
  • Assist in organizing the risk assessment annually, ensuring the audit
    program conforms to local regulatory requirements and implement the program after being
    approved by management. Assist the SIAO to manage the relationship with regulators and examiners.
  • Assist in the delivery of compliance-related and noncompliance-related audits, based on the
    critical assessment of the business and the governance, risk and internal control frameworks
  • Assist in monitoring and managing the internal audit outsourcing projects, tracking the audit
    outsourcing institution(s)’ working performance, and monitoring the outsourcing projects’ working progress and changing personnel situation.
  • Lead the issue tracking process to ensure the remediation plan stays on track; bring any issues or difficulties to the attention of the SIAO.
  • Assist the SIAO in driving the coordination and collaboration of a consistent delivery of audit work across the NY office businesses and functions.
  • Conduct assessments of planned controls for high risk project activities and recommend appropriate project life cycle controls to ensure end results do not pose undue organizational risks.
  • Execute the continuous monitoring program, ensuring is effectively carried out.
  • Understand and keep abreast of the changes in the business and regulatory environment impacts of the governance framework.
  • Conduct the analysis on the banks main operating risk assessment and related risk issues, and report to management.
  • Coordinate with the SIAO to maintain dialogue and communication with senior management on the major plans, projects and structural changes that will impact their business by participating in committee meetings as non-voting member.
  • Verify that relevant information obtained from management/stakeholders relating to significant changes in the business environment and the internal control framework are timely included in the IA Risk Assessment.
  • Promote and facilitate the use of best banking practices, sharing knowledge to improve job
  • Verify the audit issues tracking process to ensure identified risks/issues are addressed by
  • Review and discuss external consultants’ audit reports for conclusions for each audit conducted, ensuring reports accurately reflect audit findings documented in audit working papers.
  • Ensure external consultants’ risks, conclusions and recommendations are reasonable and well -based and all audit reports are prepared in an efficient, timely and concise manner.
  • Assist in the development of the annual audit plan and manage the successful completion of the plan; identify audit process improvements to increase effectiveness.
  • Verify compliance, operational risk controls in accordance with Bank’s established Policies and regulatory standards; and optimize relations with regulators by addressing any issues.
  • Maintain internal control standards including timely implementation of internal and
    external audit recommendations together with any issues raised by US Regulators.
  • Play an integral role in annual as well as ongoing audit planning and execution of the audit plan.
  • Assist the SIAO in completing all other work related to internal audit according to the local
    regulatory authorities or Head Office Audit Bureau’s requirements.
  • Communicate Audit results with senior management locally and Head Office Internal Audit
    Bureau as needed.


  • Bachelor/Master’s degree in Audit, Finance or Accounting or equivalent experience.
  • Minimum 5+ years of relevant work experience.
  • Strong understanding of U.S. laws and regulations as it relates to the banking industry.
  • Experience with international bank, CPA or CIA preferred.
  • Strong understanding of the business, risks and related controls within areas of responsibility. ∙
    Excellent listening, speaking, reading, and writing skills.
  • Diligent, high attention to detail
  • Salary $110,000-$170,000 + bonus potential