SMBC Group

  • Senior Auditor-Associate

    Job Locations US-NY-New York
    Posting Date 1 month ago(12/17/2018 4:27 PM)
    Career Category
    Position ID
    Corporate Title
  • Overview

    SMBC is seeking an experienced Internal Auditor to work within the Internal Auditing Department.

    In this position, the individual will supervise assigned audit staff members as they evaluate the current control environment for business units operating within the Americas Division and provide feedback to Management on the adequacy of control designs, as well as the operating effectiveness of processes/activities. The candidate must be able to lead an audit team on larger, more complex audit reviews, as well as work as a team member.

    Scope of Position:

    Number of direct reports: This position will not have any direct reports. However, as a VP, this person is a future candidate for an Audit Manager position within the Department.

    Number of indirect reports: When acting as the Auditor-in-Charge, the individual will be assigned an audit team (2 to 6 individuals) depending on the size and complexity of the audit.

    Essential Functions of the Position:

    The incumbent is responsible for performing the essential functions (the primary job duties that are fundamental to the position) below, in addition to other duties as assigned.

    Up to 10% domestic/international travel during the fiscal year.

    Branches/ Subsidiaries located in Brazil, Canada, Los Angeles and San Francisco
    Representative Offices located in Houston, Chile, Colombia, Mexico and Peru



    Main components or key results of the job:

    Assign a percentage of time incumbent will be expected to devote to each responsibility.
    Total weight should add up to a 100%.

    This position will require the individual to plan and perform internal audits over all Banking areas within SMBC's Americas Division, with emphasis on the credit business promotions, credit risk management and operations.

    Allocation of time is as follows:

    70%- Examine and evaluate internal controls in key risk areas of banking activities/practices to ensure compliance with internal policies and applicable rules, laws, and regulations; Develop audit programs and perform audit fieldwork, including system documentation, evaluations, interviews and financial analysis;

    10%-Propose or evaluate appropriate corrective measure designed to strengthen internal controls, operational policies and procedures, and other weaknesses identified during audits;

    10%-Prepare clear and concise audit work papers and audit reports summarizing scope, methodology, and significant conclusions of audit procedures performed within prescribed timeframes

    5%-Conduct audit scoping, planning and closing meetings with Internal Audit and relevant Department Management

    5%- Project reporting to Internal Audit Management



    To perform this job successfully, the employee must be able to perform each essential duty to management’s satisfaction. The requirements listed below are representative of the knowledge, skills and/or abilities required.

    Preferred Previous Work Experience:

    Minimum 8-10 years internal audit experience with a minimum of 5 years internal audit experience within a large Foreign Banking Organization or US Money Center Bank.

    Strong working knowledge of Credit Risk Management and Credit Administration is required.

    Experience in one or more of the following areas is also a plus:
    Regulatory Reporting, Model Risk Management, Leasing and/or AML

    Preferred Education/Licenses/Certifications/Registrations:
    Bachelor's Degree in Accounting, Finance or other related field;

    CPA or CIA certification required.


    Key competencies are the necessary knowledge, skills, attitudes and values. For example, language, mathematical, analytic, problem solving, reasoning, managerial and strategic.

    Each competence should be assigned a percentage weight of importance.
    Total weight of competencies should add up to a 100%.

    35%- Ability to understand, interpret, and apply general and specific administrative and departmental policies and procedures, as well as applicable federal & state laws and regulations;

    25%- Overall understanding of audit techniques, internal controls and audit principles. Ability to manage and execute audit, from planning to audit closing;

    20%-Strong critical thinking, analytical and organizational skills;

    15%-Strong oral and written communication skills, including ability to write clear and concise audit recommendations and reports;

    5%-Working knowledge of Lotus Notes and Microsoft Office Suite (Outlook, Excel, Word, PowerPoint)



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