Title: AUDIT MANAGER (CIA, CPA)
Location: CALIFORNIA-SAN FRANCISCO
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $92.3 billion at March 31, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operates 407 branches in California, Washington, Oregon, Texas, New York and Illinois, as well as two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visitwww.unionbank.comfor more information.
LOCATION: San Francisco
Job Summary:
Develop and document understanding of the Basel II qualification requirements and the Bank's advanced system activities and processes used to achieve compliance with the regulatory requirements. Conduct comprehensive audits of enterprise wide risk management practices by evaluating, monitoring and reporting on the effectiveness of controls supporting the Bank's advanced capital adequacy framework. Use a risk based approach of continuous monitoring and on-site evaluations to identify the activities and processes of the Bank's advanced systems of greatest risk or impact to the capital calculation. Ensure audit activities are effective and use the appropriate level of resources. Keep management apprised of the results of all audit activities.
Risk Evaluation & Monitoring:
* Develop a sound understanding of the Bank's activities, processes, controls, and systems that support the Bank's advanced capital adequacy framework and their fulfillment of the Basel II regulatory requirements and best practices.
* Act as auditor in charge of on-site audits and continuous monitoring of business units and functions with processes, systems and controls supporting the advanced capital adequacy framework. As auditor in charge, effectively plan, coordinate and oversee all aspects of on-site activities. Audit activity includes assessment of the Bank's Basel II qualification/implementation plan and gap analysis; process reviews; evaluations of controls supporting the A-IRB, AMA, and regulatory capital calculation; as well as assessments of the operating effectiveness of enterprise-wide functions supporting the advanced capital adequacy framework such as the model validation function, ICAAP, and integration of enterprise-wide governance committees and their supporting working groups.
* Develop a dynamic, ongoing and risk based continuous monitoring and evaluation program for assigned units. Continually re-assess IRMG's audit program and make appropriate changes as risk is identified.
* Prepare and update audit programs concentrating on the correct identification of key risks and the efficient and productive use of resources to address those risks.
* Prepare timely and unambiguous issues memos and audit reports that clearly and persuasively communicate significant and emerging risks, Basel II compliance matters, and audit findings.
* Work with and across multiple departments, including other IRMG staff, Risk Management, Financial Planning & Analysis, Operational Risk Management, Controller's Department, and business lines.
Communication:
* Promote effective and open communication with all levels of internal and external UB line and staff personnel.
* Provide technical guidance to IRMG staff on control procedures, and subject matter expertise on Basel II qualification and compliance matters.
* Provide risk focused guidance to units on operational policies and control procedures.
* Keep IRMG management informed on degree of risk in various operating units, particularly the more complex and/or specialized units, through periodic and timely updates of risk assessments and reporting of significant operational monitoring results.
* Write high quality, concise and informative reports and issue memos for UB senior management and IRMG internally.
Teamwork:
* Promote teamwork within IRMG, as well as with other UB units.
* Maintain effective and proactive working relationships with line management, Basel II PMO, and Enterprise Wide Risk Management.
* Provide leadership, training, and guidance to other auditors.
* Possess a strong working knowledge of audit or business processes, financial industry risk management techniques, and internal controls. Have broad knowledge of corporate finance concepts, economic capital, and performance measurement. Specific and relevant product/business experience may be substituted for audit knowledge. Prior Basel II experience is highly desirable.
* Bachelor degree required, industry certifications a plus (for example, CFA, CPA, or MBA).
* Demonstrate excellent oral and written communication skills to clearly communicate sensitive issues at the highest level of UB management and across multiple departments or levels.
* Have an ability to work independently and as a team leader.
* Ability to analyze risk trends at a macro level, identifying signs of changing risk levels and/or symptoms of process control breakdowns.
* Good personal computer skills with a working knowledge of word processing, spreadsheet, and presentation software applications. Prior experience in auditing the implementation of financial or risk management software is a plus.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Union Bank is committed to leveraging the diverse backgrounds, perspectives, and experiences of our workforce to create opportunities for our people and our business. EOE. M/F/D/V
