Audit Manager, Risk Management Audit, Associate/Vice President
May 17, 2018
JP Morgan Chase JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ . Our Internal Audit Function Internal Audit is an independent function that provides objective assurance guided by a philosophy of adding value to improve the operations of the organization. It assists the organization in accomplishing its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of the organization's governance, risk management, and internal control processes. The team's priorities are focused on strong governance, transparency, strategic engagement and fostering a diverse and inclusive culture that focuses on people development.
Audit Manager based in Hong Kong with the Risk Audit Team. The Risk Audit Team is primarily responsible for assessing the adequacy of the control environment across the firm's risk organization. This is achieved through a comprehensive program of audit coverage that is executed by a global team of business and technology specialists.
The Audit Manager will be responsible for assessing the control environment supporting the Risk organization, with primary focus on Market, Liquidity and Structural Interest Rate risk in APAC, as well as Valuation Control within the Finance organization. This role will include execution of the audit coverage program across the wholesale lines of business and functions, working in close partnership with global peers and other Audit teams.
This individual will be responsible for developing and maintaining relationships with business stakeholders across APAC Risk organization and Valuation Control, providing control-related advice and independent challenge. The Audit Manager will also be responsible for audit planning, execution and delivery.
The Audit Manager must be a mature and experienced professional who possesses strong communication skills, strong relationship management capabilities, and a sound knowledge of the operational and control risks which exist in these risk functions and businesses. This position requires an individual who can actively partner with global and regional business colleagues and work independently .
Responsibilities: As a member of the Risk Audit Team in Asia, you will be expected to contribute to and implement the audit coverage program, which involves effective risk assessment and design of a risk coverage approach. You will be responsible for coverage of specific businesses and for executing the corresponding audit plan, for maintaining client relationships, and for monitoring and influencing ongoing business projects throughout the year.
Execute all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, report drafting, work paper documentation, follow-up and tracking of management's corrective actions in response to findings, and verification of issue closure.
Partner with other groups within Audit (Corporate & Investment Bank, Commercial Bank, Asset Management, Corporate Sector, Technology, etc.) to ensure the delivery of a seamless program of audit coverage across the firm.
Demonstrate , independence and influence for areas of responsibility, and disseminate best practices and lessons learned to colleagues and clients.
Identify and follow up on specific audit issues and ensure appropriate involvement with significant business development efforts or projects. In this capacity, members of the team are often asked to join the steering or program control committees of major projects in order to provide continuous feedback on control issues or compliance with best practice standards.
Work with global line-of-business auditors in proactively identifying emerging control issues timely and report them to business and audit management.
Build an effective network contacts and relationships with client management, colleagues and industry peers through strong collaboration, maintaining a commercial mindset, and exercising innovating thinking /problem solving and sound judgment.
Stay up-to-date on evolving regulatory, industry, and market events impacting the firm's risk organization.
Contribute to creating business climate and culture that encourages integrity, respect, excellence, and advancement.
Some travel may be required.
Bachelor's degree in Accounting, Finance, Economics, or a related or quantitative discipline.
Professional certifications like CA, ACA, CIA, CFA, FRM would be preferred though not a necessary requirement
At least eight years of experience in a Financial Services or public accounting firm, with an appropriate level of exposure to or involvement with Risk Management such as Market or Valuation risk through either functional, product control or markets audit experience
Sound risk judgment, ability to effectively dimension issues with clear supporting rationale
Ability to effectively plan, execute and deliver audits on time and in line with the department's audit methodology
Excellent communication and interpersonal skills with ability to present complex and sensitive issues to senior management.
Enthusiastic, self-motivated, effective under pressure, and hard-working.
Works well individually and in teams, shares information, supports colleagues, and encourages participation.