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- 317
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- 注册时间
- 2011-7-11
- 最后登录
- 2014-8-7
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el duque Wrote:
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> I think it depends on the company really. I did a
> stint with Internal Audit for a bit and it wasn't
> bad. The Head of IA had access to all the C-Suite
> officers and had some good exposure to the audit
> commottee members. In addition, some of the
> accounting VPs/controllers did some time in IA and
> have a decent job. Some companies also have a
> "Chief Risk Officer" or something similar that
> many times comes from Internal Audit.
>
> However, I'd say that starting in IA is not the
> best thing one could do. Many times it's better to
> be recruited from the outside to a more senior
> role and then be promoted internally. Kind of like
> external audit, IA is still a weird dynamic
> because you have to basically check other people's
> work. But if the $'s good then it's hard to argue
> against it in the face of nothing else. Besides,
> it;s seems lie every year we're moving to more and
> more regulation. Also, with globalization, IA is
> really needed to keep tabs on business segments
> outside the U.S. and make sure they're operating
> to the company's standards.
Thanks for the feedback. You hit on a couple of interesting points, first one being the demand for individuals regulatory backgrounds. I examined banks for a few years before moving into a consulting role and it seems like that skill set is highly desired given new regulations, conversion to BHCs, etc. Based on the description, which I'll post below, there might be a chance I can get some exposure to market risk, which would be great.
If you don't mind, I have a few more questions. We can take this offline, my e-mail is bryan.dulog@baruchmail.cuny.edu
Description:
This role is for an AVP level auditor to that will be assessing the control environment supporting the firm's risk operations and methodologies. This individual will be responsible for maintaining relationships with and providing control related advice to business stakeholders. The auditor will also be responsible for execution and documentation of the results of their work for audits conducted. The candidate should possess strong analytical and communication skills and have an ability to work with minimal supervision. Audits to be executed will cover a wide range of risk related activities including: Allowance for Loan and Lease Losses, credit costs, collateral management/operations, counterparty credit risk, risk quantification, Basel II, credit approval processes, risk reporting, loan operations, stress testing, risk limits, appraisals, etc.
- Participate in all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, report drafting, work paper documentation and follow up and verification of issue closure.
- Partner with colleagues, clients and control community members to evaluate, test and report on the adequacy and effectiveness of management controls. This is conducted in accordance with department and professional standards and will require the presentation of root cause analysis to senior client management.
- Work with global line of business auditors in the early identification of emerging control issues and reporting them to line of business and audit management
- Perform monitoring of periodic operational and financial related data to recognize patterns and trends with risk and control implications.
- Partner with other groups within Audit (Investment Bank, Commercial Bank, Asset Management, Technology, etc.) to ensure the delivery of a seamless program of audit coverage across xxxx.
- Stay up to date with evolving regulatory and market events impacting the firm's risk organization.
- Establish a business climate and culture that encourages integrity, respect, excellence and innovation
NO EXCUSES |
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发表于 2011-10-8 04:00
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