Truist Inc
Location
Laurel, MD | United States
Job description
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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Managing Director is responsible for the organization, leadership, and delivery of the portfolio of strategic regulatory remediation across Truist Audit Services (TAS). Additional responsible for working with peers at the executive and senior management level across the Enterprise to collectively deliver against Truist Strategic Regulatory Remediation, where applicable. The Managing Director will lead the prioritization, sequencing, and the financial management of TAS strategic regulatory remediation sponsored by the Organization for delivery and take enterprise-wide initiatives into consideration through a collaborative approach.
Ultimately, this individual will lead all audit activities including effective challenge and reporting relating to strategic regulatory remediation within TAS.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Direct a dynamic, comprehensive risk-based audit program to ensure adequate, effective, and efficient audit coverage of assigned business units. Ensure audit activities are performed in a high quality manner and on a timely basis. Direct reporting of the audit activities, including results of audits, reviews and analysis.
Proactively develop and maintain mutually beneficial relationships with Senior and Executive Management for each line of business (LOB). Partner with Senior and Executive Management to improve the risk management infrastructure and operations by effectively challenging deficiencies and recommending improvements to strengthen overall risk management and internal controls.
Participate with management by advising on the implementation of new systems, processes, and procedures, changes to existing ones and related changes to the Bank's system of internal control. Participate on various Bank risk management and governance-related committees/task forces to ensure internal controls and Bank procedures are being followed.
Set clear objectives and goals for audit teams and monitor progress toward those objectives. Oversee and manage the activities of the audit teams with a focus on delivering high quality results. Coach and provide feedback to the audit teams. Ensure audit teams are appropriately staffed with highly capable personnel. Manage and monitor performance of the Audit Scorecard to ensure milestone dates and overall allocation of staff resources is achieved within expected timeframes and guidelines.
Monitor changes and developments in the financial services industry to ensure alignment with regulations impacting Internal Audit. Monitor trends in the internal audit practice and technology, reviewing the impact of these upon the auditing environment and integrate necessary changes into professional development programs and audit practice, with a focus on continuous improvement. Remain active in internal audit professional associations and peer groups.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor’s degree in Finance, Economics or business-related field, or equivalent education and related training or experience
Fifteen years of relevant experience in audit functions at a large US financial services firm or commensurate experience as an examiner within the financial services industry in this or a closely related field (if possessing prior examiner experience, achieving “commissioned” status is desired)
Professional certification (e.g. Certified Public Accountant, Certified Internal Auditor, Certified Information Systems Auditor, or related certification.
Ability to work strategically and tactically, comfortable seeing and defining the “big picture” while overseeing details.
Comprehensive knowledge of general banking, risk management, and audit practices
Demonstrated comprehensive knowledge of assigned business unit areas and applicable laws, rules and regulations impacting assigned business unit areas.
Excellent leadership ability and sound decision-making skills. Ability to influence/lead individuals who are in other departments of the company.
Strong business acumen and organizational agility
Strong effective communicator (written and verbal) with executive management and regulators
Profound sense of ethics and the ability to deal with pressure from all areas of the business
Proficient in Microsoft Office software products
Preferred Qualifications:
Master’s degree or MBA and twenty years of experience or an equivalent combination of education and work experience, including five years of management experience.
Strong executive presence with the ability to influence others at senior levels to adopt a new perspective
Deep knowledge and experience in regulatory remediation and risk management design, implementation, execution, sustainability and success measurements
Exceptional interpersonal and communication skills demonstrating the ability to translate strategic remediation and emerging internal/external risks to organizational and operational processes and/or practices.
Sophisticated analytical skills and the ability to solve complex technical, operational, and organizational problems
Demonstrated leadership and a history of managing high performing teams
Ability to plan effectively across multiple domains with a number of key stakeholders
Deep specialized and/or broad functional knowledge of portfolio management
Portfolio & program management skills (meeting management, conflict resolution, and presentation skills)
Project Management Professional (PMP) Certification
Sound working knowledge of Financial Services technology platforms, products, services, operations, finance and systems
The annual base salary for this position is $200,000-300,000 + bonus.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (
. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.
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