Senior Issue Assurance Auditor - Credit Risk Senior Issue Assurance Auditor - Credit Risk …

UBS
in Stamford, CT, United States
Permanent, Full time
Be the first to apply
Competitive
UBS
in Stamford, CT, United States
Permanent, Full time
Be the first to apply
Competitive
Job Reference #198057BR

Your role

Are you a sharp evaluator of risk? Can you investigate complex situations and propose solutions? We’re looking for someone who can:
-develop and maintain strong relationships with key stakeholders within UBS business divisions and functions as well as with regulators and internal audit colleagues
-assess assurance/validation work performed by issue assurance team members, Internal Audit Divisional and Functional Auditors, and SMEs to challenge conclusions and agree final issue disposition
-provide primary support to Credit Risk issues, with the opportunity to review other risk related issues across the firm
-monitor the status, follow up on and provide independent assurance on the effectiveness and sustainability of remediation of issues raised by all sources (internal audit, external auditors, control functions and regulators, as well as issues self-identified by business management)
-review remediation issues submitted by management for closure to assess whether these have addressed the relevant original risk(s)
-identify and assess operational and emerging risks relevant to Credit Risk assumed by the business, identify mitigating controls and control gaps, assess the controls' design and operating effectiveness as well as the impact of control deficiencies 
-document and communicate issues, root causes and risks, and provide practical, innovative, and value-added solutions to issues identified
-proactively contribute towards developing detailed procedures, guidance and FAQs for the Issue Assurance process and identify, assess and prioritize process improvements / system enhancements

Your team

You will be working in Group Internal Audit (GIA) Issue Assurance Team. GIA is an independent function that supports UBS in achieving its strategic, operational, financial and compliance objectives. We do this by assessing key processes as well as governance, risk management, and the control environment within all business divisions and Corporate Center (CC) functions globally. We are independent in our work and report directly to the Chairman of the Board and the Audit Committee.

The Issue Assurance team monitors the status, follows up on and provides independent assurance on effective and sustainable remediation of significant issues from all sources (GIA, external auditors, control functions and regulators as well as issues self-identified by business management). As part of this process, GIA assesses whether the remediation steps taken address the issue, root cause of the issue and the potential exposure for the firm.

We are a talent powerhouse that attracts and develops the best people by driving career growth in and outside the department. You will gain insight into a wide variety of credit risk, marker risk and financial crime related topics and processes, and into a wide variety of businesses and functions, and leverage your knowledge and understanding to perform reviews of remediation issues submitted by management.

Your expertise

You have:
-a university degree, preferably in financial, economics, banking or a quantitative field
-strong experience (at least 7-10 years) in a Credit Risk focused audit team, internal risk management or control areas or professional services firms
-strong knowledge of and experience related to Credit Risk as it applies to the financial services industry,
-strong analytical skills and quantitative approach to problem solving
-an excellent verbal and written command of English with the ability to effectively communicate with senior stakeholders
-a detailed understanding of banking business / operations and associated regulations

You are:
-flexible and willing to handle various topics, keep up with financial industry developments and learn new concepts and methods
-committed team player and reliable when working independently, with sound judgment for when to escalate issues
-able to prioritize and balance your own workload – you have strong time management skills and the ability to work under minimal supervision and to supervise colleagues (when needed)
-risk focused, and capable of using data analytics,
-excellent communicator, able to effectively communicate at different levels of an organization verbally and in writing
-curious and willing to discover all aspects of the bank, with the ambition to advance your career in an international environment
-able to quickly understand complex processes and challenge the status quo, identify risks and inadequacies in procedures
-able to propose practical and sustainable solutions

About us

Expert advice. Wealth management. Investment banking. Asset management. Retail banking in Switzerland. And all the support functions. That's what we do. And we do it for private and institutional clients as well as corporations around the world.

We are about 60,000 employees in all major financial centers, in more than 50 countries. Do you want to be one of us?

Join us

We're a truly global, collaborative and friendly group of people. Having a diverse, inclusive and respectful workplace is important to us. And we support your career development, internal mobility and work-life balance. If this sounds interesting, apply now.

Disclaimer / Policy Statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.

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