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Job Description Summary
The AVP, Financial Services Audit has primary accountability for developing the financial services integrated audit strategy and planning, directing, and managing financial services advisory and assurance activities across the Enterprise. Role requires continuous interaction with the senior executive leadership team including both financial services and business leaders. The role also requires significant business experience and technical expertise including financial services products (life insurance, annuities, retirement plans, trust, mutual funds, and corporate owned), broker dealer operations, investment advisory services, financial services regulatory framework, compliance, business processes and program risk management techniques. Role supports all lines of the financial services business and its transformational programs.
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Job Description
Key Responsibilities:
Plan and execute multi-year risk-based internal audit strategy. Direct audits across the Enterprise to determine efficacy, efficiency, and compliance with both management and regulatory policies and procedures with a focus on financial services business process and information technology platforms. Identify and communicate risks and opportunities for improvements in management's processes and drive resolution accordingly. Participates in critical risk assessments and makes presentations and recommendations based on all pertinent findings by examinations, reviews and/or studies to management, risk committees, and senior leadership up to and including the Board of Directors.
Oversees the execution of all financial services risk assessments and operational process analysis. Directs the research, development and enhancement of financial services business processes, information technology platforms, operating procedures, methods, and internal controls throughout the financial services insurance companies, broker dealers, investment advisory, mutual fund company operations, with the emphasis on reducing risk while ensuring business operations run efficiently.
Manage direct reports including performance management (e.g. performance objectives, coaching/feedback, evaluation), salary planning and administration, associate engagement, talent management (e.g. succession planning, career and development planning), recruitment, selection, on boarding and training of new associates within the span of control. Work within Internal Audit’s systems and processes to attract, develop, engage, and retain talented individuals with financial services expertise both within and outside of Nationwide. Create an inclusive and engaging work environment where people can realize their full potential, thus allowing the organization to meet current and future business challenges.
Actively participates in financial services transformation programs and key management projects/initiatives by advising and recommending to financial services and Enterprise business leaders on the operational design and effectiveness of internal control and corporate governance functions.
Establishes and implements overall internal auditing procedures for the inspection and appraisal of regulatory compliance in partnership with the Office of Compliance, Office of General Counsel and external auditor and regulatory agencies for financial services operations. A key aspect of this activity is the coordination of internal audit procedures to maximize collaboration with internal and external parties and minimize the regulatory impact on financial services operations.
Actively participates as a member of select financial services related risk committees, communicates IA strategies and provides thought leadership to influence and enhance coordination of risk management efforts. Proactively seeks industry and peer group best practices and makes recommendations to CAE on findings.
Assists with Internal Audit financial services resource and demand management efforts including staffing availability, coordination and scheduling of internal audit resources, staff augmentation and detailed project scheduling to execute the Internal Audit Plan, office wide initiatives and strategic projects.
May perform other responsibilities as assigned.
Reporting Relationships: SVP, Internal Audit. Manages a team of 15- 20 associates ranging from D - H bands, including directors (people leaders).
Typical Skills and Experiences:
Education: Bachelor’s degree preferred
License/Certification/Designation: Certifications desired ( e.g., CPA, CIA, FLMI, CLU, CRMA, CISA, CAMS).
Experience: 12+ years experience in the financial services industry, external or internal audit or related risk management fields.
Knowledge, Skills and Abilities: Excellent written and verbal communication, and strong leadership and talent development skills.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the Chief Audit Executive and HR Business Partner.
Values: Regularly and consistently demonstrates Nationwide Values.
Job Conditions:
Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal office environment and hybrid work from home options. Some travel may be required.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.