Reg W - Regulatory Closure Verification and support for Action Plans in Internal Audit

Reg W - Regulatory Closure Verification and support for Action Plans in Internal Audit (2 onsite roles)

Experience (in years): 10+ years in Regulatory audit for large U.S. banks (JPM, Morgan Stanley, Citi, etc.) or International Financial Institutions (HSBC, Barclays, UBS, DB, etc.)

Summary:

audit SMEs experienced in Reg W related regulations to monitor transactions of affiliates or subsidiaries

Scope and Deliverables:

• Perform initial review and control design walkthroughs to identify and document key processes, risks, and controls Assist with preparing the Initial Review Memo and Design Review Memos Develop, execute, and document control design testing related to the process design and controls design Develop, execute, and document control operating effectiveness testing related to the control s implementation and execution Meet with employees and contractors to comprehend policies, processes, and controls Report the outcome of meetings and discussions to the Authorized Senior Leaders in Internal Audit group Employees Review and validate evidence to determine the effectiveness of controls Submit design and operating effectiveness testing conclusion workpapers Finalize closure verification testing results for the team to review and upload to OpenPages

1. SKILLSETS REQUIRED for Support

• Strong control mindset and ability to highlight significant controls Experience in financial services, particularly large US Banks Knowledge of US Regulations Reg W preference Experience in auditing Compliance / First Line / Finance functions Can work independently Strong project management skills Strong analytical, interpersonal, communication and writing skills.
• Data analytics experience (excel) (plus)