AVP - Internal Audit - Liquidity Risk Management

Job Description

The Internal Audit Department Americas (IADA) is an independent and objective assurance and advisory function responsible for evaluating the effectiveness of risk management, internal controls, and governance processes including banking, broker-dealer, swap dealer, sales, and trading activities. Based in New York City, IADA provides comprehensive audit coverage of key business functions and risk areas to help ensure regulatory compliance, operational effectiveness, and sound risk management practices.

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Position Summary

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The Audit Manager will be a key member of the Liquidity Risk Audit Team within IADA. This role is responsible for executing risk-based audits across liquidity, treasury, and capital management functions, providing independent assurance over the effectiveness of controls and governance processes. The successful candidate will partner with stakeholders across the organization, remain current on regulatory developments, and contribute to the continuous enhancement of the audit function.

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Key Responsibilities

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• Execute audits within the Liquidity Risk Management audit universe, including:

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Liquidity Risk Management, Independent Liquidity Review Function, Treasury Banking Functions, Capital Management, Independent Price Verification (IPV).

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• Perform audit activities across all phases of the audit lifecycle, including planning, fieldwork, reporting, and issue follow-up, in accordance with IADA methodology and professional standards.

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• Adhere to established audit timelines, project plans, and departmental scheduling requirements.

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• Support the Continuous Monitoring Program by assessing emerging risks, monitoring changes within the liquidity risk environment, and validating the remediation of audit issues.

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• Collaborate with other Internal Audit teams to support integrated audits and provide subject matter expertise when required.

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• Conduct special audits, regulatory reviews, investigations, and other ad hoc projects as assigned.

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• Maintain knowledge of applicable banking regulations, supervisory expectations, and industry developments affecting liquidity, treasury, and capital management activities.

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• Build and maintain effective working relationships with business management, risk and control functions, external auditors, regulatory agencies, and audit colleagues.

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• Support quality assurance initiatives and continuously promote adherence to audit standards, methodologies, and best practices.

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Job Requirements:

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• Bachelor's degree required; advanced degree preferred.

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• Professional certifications such as CPA, CA, CIA, CISA, or equivalent are preferred.

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Experience

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• 5-7 years of relevant experience in internal audit, external audit, regulatory examination, risk

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management, or a related control function within the financial services industry.

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• Experience auditing liquidity risk, treasury, capital management, market risk, or related banking

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functions is strongly preferred.

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Knowledge & Skills

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• Strong understanding of internal audit principles, standards, practices, and methodologies.

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• Knowledge of risk management frameworks, internal controls, governance processes, and

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regulatory compliance requirements.

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• Familiarity with key banking and securities regulations and the ability to assess associated risks

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and controls.

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• Ability to independently plan and execute audits in accordance with professional auditing

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standards and organizational policies.

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• Experience leveraging data analytics, automation, AI-enabled tools, or other technology

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solutions to enhance audit efficiency and effectiveness.

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• Excellent analytical, critical thinking, and problem-solving capabilities.

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• Strong verbal and written communication skills, including the ability to prepare high-quality

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audit documentation and communicate effectively with senior stakeholders.

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• Proven project management and organizational skills with the ability to prioritize multiple

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assignments and meet deadlines in a fast-paced environment.

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Preferred Attributes

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• Strong understanding of liquidity risk management practices within a banking environment.

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• Ability to work independently while collaborating effectively across teams and functions.

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• Demonstrated commitment to continuous learning and staying current with evolving regulatory

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expectations and industry developments.