Business / Operational Audit - Assistant Vice President

Who we are looking for We are looking for a Model Risk Audit Manager, Assistant Vice President to manage audit engagements focused on review of models, tools or quantitative analytics used for financial risks, operational risks, financial crimes, as well as AI applications. In this role, under the direction of senior audit management of Enterprise Risk Management, you will execute and manage model audit engagement through all aspects of the audit (i.e., planning, assessments, testing and reporting) and conduct continuous monitoring of thematical model risk trends / opinion. You will also play a critical role in the cross training of audit staff and support various departmental initiatives. This role is based out of Bangalore, India. This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements. Why this role is important to us 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. What you will be responsible for As a Model Risk Audit Manager, Assistant Vice President you will: Lead execution of model risk audits for financial risk management – including credit, market, capital, liquidity, as well as for financial crimes, Treasury, State Street Investment Management and Markets, etc. Plan and execute audits according to the Corporate Audit’s risk-based audit methodology and internal standards, industry practices and regulatory guidance (e.g. SR 11-7 on Model Risk Management, ECB guide to internal models, SR 15-18, etc.) Review and assess model documentation and implementation details, model validation and ongoing monitoring results to assess the effectiveness of the model risk management control design and execution both on an individual model basis and in aggregate. Perform continuous monitoring of residual model risks observed from model audit executions and management self-reported findings to identify and summarize thematical model risk trends for audit management Communicate audit progress, findings, management awareness and recommendations effectively to audit senior management and provide feedback on expected remediation evidence with key stakeholders in the organization