Job Family: Internal Audit & Credit Risk Review

Serve as the third line of defense, providing the Board Audit & Board Risk Committees and senior management with independent assurance on the quality and effectiveness of internal controls, risk management (current or emerging), governance processes and systems, and lending units (overall asset quality, risk and compliance processes, underwriting policies, procedures, limits, concentrations), thereby helping to protect the company’s value, solvency and reputation. To such ends, Internal Audit evaluates: the effectiveness and efficiency of these processes and systems; compliance with applicable laws and regulations, and with the requirements from supervisors; the reliability and integrity of financial and operational information; and, asset integrity. Credit Risk Review assesses the quality, quantity, direction and overall credit risk in the organization.

Job Function: Business Audit

Provide assurance on the quality and effectiveness of internal control, risk management (current or emerging) and governance processes and systems in the other (non-IT) Risks space.

Summary of Responsibilities:

The primary function of the Expert, Audit is to provide subject matter expertise to the relevant area. In addition, s/he executes testing that requires subject matter expertise of the areas under review. The incumbent performs testing in a timely manner, ensuring all audit quality and client relation standards are met, and courteous and professional behavior is observed in all situations.

Essential Functions:

  • Plans, executes and communicates findings of model risk audits to business management and formulates recommendations.
  • Participates in the drafting of sections of or complete audit reports.
  • Provides specific subject matter expertise over the business or area.
  • Attends professional training actions provided by the company.
  • Documents audit testing and follow-up tasks in accordance to relevant audit standards.
  • Conducts post-audit follow-up to appraise adequacy of corrective action taken to address audit recommendations, where subject matter expertise is required.
  • Executes control design and operating effectiveness testing over areas that require a specific subject matter expertise of the business or function under review as part of internal audit reviews and activities.
  • 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.
  • Participates with the Audit Manager and or independently plans  audit reviews and activities and designs test steps and audit procedures as part of internal audit reviews and activities, where subject matter expertise is required.
  • Prepares/ reviews and challenges a draft of the recommendations to be presented to the Audit Manager, where subject matter expertise is required.
  • Supervises and 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, where subject matter expertise is required.



  • Bachelors, Masters Degree, PhD preferred
  • Economics, Finance, Mathematics or other Quantitative discipline.

Experience preference:

  • 10-15+ years’ experience in Risk and or Quantitative roles within financial services or consulting with a minimum of 5-8 years experience in consumer lending including auto lending and leasing.

Skills and Abilities:

  • Experience in and solid understanding of credit underwriting and pricing concepts of auto lending and leasing. Must be able to articulate drivers of risk in this sector.
  • Familiar with regulatory environment for consumer lending.
  • Analysis, development or validation of methodologies, algorithms and diagnostic tools related to model robustness, stability and performance.
  • Development or review of  technical documentation for risk methodologies and applications; including project plans, model descriptions, mathematical derivations, data analysis, process and quality controls.
  • Implementation of analytical tools by reporting functions and the migration of models to the production environment.
  • Engagement with risk managers, business clients and partners in the analysis and interpretation of results, incorporating their feedback as appropriate into models.
  • Proven results interacting with clients, senior management and regulators.
  • Active collaboration across all three lines of defense in assessing model risk across the model life cycle.
  • Solid grasp of regulatory environment and guidance including SR 11-7 and CCAR.
  • Preparation and delivery of materials, presentations and reports on risk analytics for technical and non-technical audiences.
  • Sound problem-solving skills, ability to think creatively.
  • Ability to meet deadlines for product deliverables in a timely, proactive and entrepreneurial manner.
  • Solid diplomatic skills with the ability to resolve conflict in a civil manner.
  • Working knowledge of credit data reliability analysis, quality controls and data processing including strong knowledge of model implementation and UAT.
  • Experience with statistical analysis, modeling techniques and numerical implementations (Python, R, C/C++, VB, Java, SAS, or SQL).
  • Experience in developing and maintaining detailed technical documentation for models, model validation, project plans, audits and processes.
  • Strong interpersonal skills and the ability to foster a collaborative environment.
  • Excellent written and verbal communication skills, and ability to discuss technical issues with clients, peers, auditors, regulators and senior management.


  • Collaboration – Teamwork:
    • Advanced – Leading and Guiding
      • Brings out the best in each team member by consistently motivating and acknowledging peer contributions
      • Understands and leverages team dynamics
  • Execution – Initiative:
    • Advanced – Leading and Guiding
      • Personally follows-up with others to check on progress, uncover problems, and identify areas where assistance is necessary
      • Takes initiative to act on new information and preemptively develops options and plans of actions
  • Influence – Two-way Communication:
    • Advanced – Leading and Guiding
      • Effectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages
      • Asks open-ended questions that encourage others to give their points of view
  • Change Orientation – Flexibility:
    • Advanced – Leading and Guiding
      • Anticipates the impact of change and creates an environment where change can be initiated with minimal disruptions and negative impact
      • Helps people to understand how proposed changes will affect them and the organization
  • Problem Solving – Problem Identification:
    • Advanced – Leading and Guiding
      • Reformulates the problem in different ways to evaluate it from different angles
  • Risk Management – Knowledge of Risk Management Policies, Regulations, Processes and Procedures:
    • Advanced – Leading and Guiding
      • Monitors adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessary
      • Understands end to end processes across the organization and how processes are integrated
      • Has a practical knowledge of regulations impacting area supported
  • Customer Focus – Customer Understanding:
    • Advanced – Leading and Guiding
      • Stays up-to-date with needs, preferences, trends and practices which impact customers
      • Acts as a role model by being a source of advice and knowledge regarding customer issues

Working Conditions:

  • Frequently: Minimal physical effort such as sitting, standing, and walking.
  • Occasional moving and lifting of equipment and furniture is required to support onsite and offsite meeting setup and teardown.
  • Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer’s Rights:

  • This job description does not list all the duties of the job.  You may be asked by your supervisors or managers to perform other duties.  You will be evaluated in part based upon your performance of the tasks listed in this job description.
  • The employer has the right to revise this job description at any time.  This job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.