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Sr. Supervisor, Audit -- Model Risk

Company: Santander Holdings USA Inc
Location: Hialeah
Posted on: November 18, 2021

Job Description:

The primary function of the Sr. Supervisor, Audit is to oversee and execute complex audit testing around all aspects of model lifecycle including development, validation, implementation, and ongoing performance monitoring. S(he) provides coaching and assistance to audit staff as part of internal audit reviews and activities, provided the position's solid understanding of the business. In addition, the Sr. Supervisor executes part of the testing that requires a deeper understanding of the area under review. The Sr. Supervisor ensures fieldwork is performed in a timely manner, ensuring all audit quality and client relation standards are met, and courteous and professional behavior is observed in all situations.

  • Conducts review of development, validation, implementation, and ongoing performance monitoring across different types of complex models including credit, liquidity, valuation, and market risk models.
  • Tests all the model lifecycle as per the Supervisory Guidance on Model Risk Management and the Bank--s Model Risk Management policies, standards, and procedures.
  • Performs objective evaluations of the adequacy, sufficiency and suitability of the Bank's quantitative models and model risk governance framework.
  • Uses guidance provided by industry standards (i.e., Basel, Federal Reserve) and Bank policies and procedures to ensure quantitative methodologies used for models both for business as usual and stress testing purposes are consistent with best practices.
  • Assists the Audit Manager in assigning staff to complete specific audit tests and procedures.
  • Attends professional training actions provided by the company.
  • Communicates findings to business management and assists the Audit Manager in discussing the draft of recommendations with business management.
  • Conducts post-audit follow-up to appraise adequacy of corrective action taken to address audit recommendations.
  • Demonstrates proactivity in professional development activities.
  • Develops a solid understanding of the business.
  • Documents audit testing and follow-up tasks in accordance to relevant audit standards.
  • Ensures fieldwork is completed within the budgeted timeframe.
  • Examines business records and collects information, exercises independent judgment in identifying issues and assessing risk as well as formulates findings and presents the results to the Audit Manager.
  • Executes control design and operating effectiveness testing over areas that require a deeper understanding of the business or function under review as part of internal audit reviews and activities.
  • Participates with the Audit Manager in the planning of audit reviews and activities and designs test steps and audit procedures as part of internal audit reviews and activities.
  • Prepares a draft of the recommendations to be presented to the Audit Manager.
  • Provides consistent quality service to both internal and external stakeholders that meets the company--s standards.
  • Starts participating in the drafting of sections of the audit report/ conclusion document.
  • Supervises and coaches audit staff as part of internal audit reviews and activities. As such, oversees field work and reviews and challenges the testing and work papers prepared by audit staff as part of internal audit reviews and activities, including post-audit follow-up.
  • Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other project managers. Qualifications:
    • Bachelor's Degree Mathematics, Statistics, Economics or related field.
    • Demonstrated knowledge of statistical modeling approaches
    • Experience with SAS, R, and/or Python
    • Deep understanding of SR 11-7
    • At least 7-9 years of relevant experience
    • Analytical and problem solving skills as well as the ability to work independently
    • Detail oriented with organizational skills
    • Leadership skills, teamwork skills, solid diplomatic skills with the ability to resolve conflict in a civil manner
    • Time management skills and the ability to complete multiple projects simultaneously and in a timely manner
    • Verbal and written communication skills At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply.

      Primary Location: Boston, Massachusetts, United States

      Other Locations: Florida-Miami,Texas-Dallas,Massachusetts-Boston

      Organization: Santander Bank, N.A.

Keywords: Santander Holdings USA Inc, Hialeah , Sr. Supervisor, Audit -- Model Risk, Accounting, Auditing , Hialeah, Florida

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