Internal Audit Manager

Employer
Strategic Staffing Solutions
Location
Fairfax, VA
Posted
Sep 13, 2021
Closes
Sep 15, 2021
Ref
86606253
Hours
Full Time
STRATEGIC STAFFING SOLUTIONS HAS AN OPENING! Strategic Staffing Solutions is currently looking for a Internal Audit Manager consultant for a contract opening with one of our largest Financial clients located in Mc Lean, VA! This is a Contract Opportunity with our company that MUST be worked on a W2 ONLY, NO visa sponsorship or C2C eligibility for this position. The details are below. Internal Audit Manager Job/Role Description: The QA team within the Internal Audit department is seeking a Subject Matter Expert who can assist us in assessing the following audit. The SMEs focus will be around assessment of risks, controls, regulatory considerations, and industry best practices. As this is a QA role, to prevent independence issues, the candidate may not have worked on the audit, or in the area under audit within the past year. The specific audit is Enterprise Model Risk Management Description: The Model Risk Office (MROf) defines and establishes model risk management framework and governance practices for the Client. The primary responsibility for managing model risk for The Client rests with the first line of defense, including the individuals within the model development community and the business management community at The Client. The MROf assists the first line of defense to manage model risk by establishing a set of controls that must be followed when developing or acquiring, implementing, or using models as part of operational business processes, as well as the second line of defense responsible for the model risk oversight. The MROf also accredits Model Risk Officers, maintains model inventory, and develops and maintains model governance system of record (ie, Model One). The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (FRB) issued US -Supervisory Guidance on Model Risk Management (OCC 2011-12/SR 11-7) which establishes comprehensive governance for banks on effective model risk management. This audit will assess how this regulatory guidance is considered in establishing the model risk management framework. The Computations and Automations Risk Office (CARO) plays a similar role in the governance of computations and automations (C/A) used across The Client. This audit will focus on the roles of MROf and CARO as second lines of defense in the model risk management and C/A risk management framework respectively. Laws and Regulations include: US - Supervisory Guidance on Model Risk Management US - Sound Practices for Model Risk Governance Model Development/Validation Criteria: 6+ years of experience in 1st, 2nd, or 3rd Line of defense focused on models and model risk management. Experience could also include time spent working for a regulatory body specifically focused on model risk. Education: Masters Degree or higher in a quantitative field of study (ie Mathematics, Statistics, etc.). Other Considerations: Consideration could also be given to experience in academia specifically related to modeling concepts. How to Apply: send resume and contact information to Maricela Collins, Sourcing Specialist, at mcollins@strategicstaff.com . The S3 Difference : The global mission of S3 is to build trusting relationships and deliver solutions that positively impact our customers, our consultants, and our communities. The four pillars of our company are to: Set the bar high for what a company should do Create jobs Offer people an opportunity to succeed and change their station in life Improve the communities where we live and work through volunteering and charitable giving As an S3 employee, youre eligible for a full benefits package that may include: Medical Insurance Dental Insurance Vision Insurance 401(k) Plan Vacation Package Life & Disability Insurance Plans Flexible Spending Accounts Tuition Reimbursement Job ID: JOB-179673 Publish Date: 27 Aug 2021

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