*****THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP*****

Summary

This role will be responsible for executing audits and validations related to Financial Risk, focused on quantitative analysis and systems implementation. Key responsibilities include reviewing advanced statistical and mathematical models, supervising multiple independent assessments (audits or validations) of risk models, risk applications and other risk items, collaborating with Internal Audit (IA) leadership to execute and improve the IA Risk Assessment (focused on financial risk elements), and addressing other objectives as required. The position requires advanced knowledge of mathematical and statistical modeling, expertise in risk management practices, and supervisory and strategic capabilities required to review models, including replicating certain components of risk models.

Primary Duties and Responsibilities

Responsibilities will be aligned to three pillars:

Delivery

• Lead or execute quantitative reviews/audits/validations (conceptual soundness, documentation, data, methodology, development code, testing, and implementation for accuracy) of models or financial risk tools used for credit risk, market risk, liquidity risk and stress testing.
• Support financial risk management audits and validations as required.
• Effectively communicate complex technical quantitative analysis (based on data and models), principles, methods, and approach to relevant stakeholders.
• Perform audit activities including risk assessments, audit planning, audit testing, control evaluation, and complete work paper documentation in accordance with Internal Audit requirements (e.g. IIA GIA).
• Communicate identified findings and enhancements to audit management and key stakeholders.
• Draft audit reports clearly communicate overall conclusions, key risks, findings and their root cause, and impact on OCC’s overall risk exposure.
• Perform continuous monitoring of model risk identifying patterns and trends to understand their impact on OCC’s overall risk level and controls.
• Effectively challenge risk management (first and second lines of defense) to adopt appropriate policies, procedures, and effective controls designed to mitigate financial risk.
• Support the development or enhancement of audit procedures and templates for auditing financial risk management.
• Support in developing and implementing data analytics and automated testing.
• Ensure audit quality, accuracy of results, and delivery in a timely manner.
• Proactively identify regulatory, operational, and/or strategic risks to the organization and present them to IA leadership.
• Develop and maintain a thorough understanding of the operating environment of the assigned areas, including key business products, data infrastructure and lineage, roles and responsibilities of various groups relevant to model risk, and regulatory environment.
• Coach and develop junior audit staff in financial risk management practices as part of their on-going development.
• Perform other duties as assigned.

Quality

• Maintaining an understanding of policies, procedures, standards, and supporting technologies, and educating staff accordingly, to effectively identify potential risks and alternatives to mitigate risk exposure leveraging leading practices.
• Ability to understand and apply professional principles and standards (e.g., AICPA, IIA GIA, COSO) and the relevancy to risk management and impact on policies and procedures. In addition, leveraging these principles and standards to test and evaluate corporate risk management processes and controls.
• Keeping current on best practices and emerging risks within the financial services industry and making recommendations for improvements, as necessary.

Leadership

• Establish and maintain healthy relationships with key stakeholders across the 3 lines of defense and assist management in understanding, implementing and maintaining internal control principles. Contribute to change initiatives through active participation in working groups and adoption of practices in day-to-day responsibilities.

Supervisory Duties

• N/A

Qualifications

• Ability to communicate clearly and effectively, both orally and in writing, including the ability to handle potentially sensitive situations and discussions.
• Strong problem solving and analytical capabilities.
• Demonstrated ability to gather information, analyze, evaluate facts, prepare reports, and verbally present the information in a concise manner.
• Ability to work independently or as part of a team, prioritizing multiple audit assignments to simu