Our client, a top tier Management & Strategy Consulting firm if looking for skilled professional to join the Corporate Audit team, specifically to address a Severity 1 issue related to Schedule L of the FR Y-14Q (Counterparty Credit) report. The successful candidate will play a critical role in validating the remediation of management processes and controls involved in the preparation and submission of the Schedule L report. This role requires a deep understanding of data sourcing, model execution, counterpart credit calculations, manual adjustments, and report production processes.
Essential Requirements and Responsibilities :
- Extensive experience in corporate audit within the banking and finance industry.
- Strong project management skills, with a demonstrated ability to lead cross-functional teams.
- In-depth knowledge of Schedule L, Counterparty Credit, data quality assurance, and technology frameworks.
- Proficiency in validating complex financial models and technology controls.
- Excellent communication skills, with the ability to interact effectively with senior management and diverse teams.
- Lead and oversee the entire project, ensuring all phases are executed efficiently and effectively. Provide continuous support to various teams, review workpapers, and deliver regular status updates to senior management.
- Validate action plans related to the preparation of the Schedule L report, ensuring strict adherence to instructions, business requirements documents (BRD), and governance protocols. Review manual adjustments and data sourcing processes to ensure accuracy.
- Validate the technology framework and IT General Controls (ITGCs) associated with applications used in the preparation of the Schedule L report. Ensure the proper implementation of predefined system logic.
- Validate the models used for calculating counterparty credit data, including Current Exposure. Ensure the models' accuracy and effectiveness in meeting regulatory requirements.
- Conduct comprehensive validation of data quality checks, focusing on ensuring the completeness and accuracy of upstream data, particularly in the context of Schedule L reporting.
