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Audit Manager - Risk

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.Need Help? (https://www.brainshark.com/bbandt/careers-site-faq)If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (careers@truist.com?subject=Accommodation%20request)(accommodation requests only; other inquiries won't receive a response).Regular or Temporary:RegularLanguage Fluency: English (Required)Work Shift:1st shift (United States of America)Please review the following job description:Truist Audit Manager is responsible for providing a leadership role in the delivery of high-risk, complex and value-added independent and objective risk-based internal audit assurance and advisory services. The Audit Manager will proactively coach junior team members by providing candid and constructive feedback.ESSENTIAL DUTIES AND RESPONSIBILITIESFollowing 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.• Serve as Engagement Manager of high risk and more complex audit engagements by planning, scoping and developing the test plan, including incorporating the use of data analytics. Effectively allocate resources and individuals in accordance with skills and schedules, to complete assignments within budget.• Set clear quality expectations based on Truist Audit Services standards and analyze/review process documentation to evaluate effectiveness and efficiency.• Develop meaningful, relevant, and well-supported audit reports that align with Truist's risk appetite framework and present these reports to key department stakeholders.• Identify substantive and material issues that go beyond paperwork shortcomings. Ability to look beyond the obvious; finds solutions, not just problems.• Provide coaching and guidance in development of junior team members by taking an active role in training and mentoring.• Demonstrate effective challenge by providing deep subject matter knowledge industry related knowledge to support business partnership efforts.• Manage timely and quality delivery of multiple tasks, including audits, projects and special assignments. Provide advisory services, as necessary, in the implementation of new systems, processes and changes to existing systems, standards and procedures.• Ability to work independently while exercising judgement in risk-based assessments difficult or complex nature.QUALIFICATIONSRequired 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 accounting, business or related field or equivalent education and related training or experience.• Six to eight years of banking, auditing or other relevant experience related to area of responsibility.• Strong knowledge, ability and expertise in audit and other areas of banking and financial services.• Strong understanding of risk management and process concepts.• Strong analytical, facilitation, and interpersonal skills.• Demonstrated ability to grasp and communicate the underlying concepts in complex information.• Demonstrated ability to identify and communicate root causes of problems.• Demonstrated ability to formulate and communicate solutions based on a synthesis of information.• Strong written, verbal and negotiating skills.• Demonstrated strong proficiency in computer applications and proven experience with tools such as Microsoft Office software products.• Strong project management and advisory skills.Preferred Qualifications:• Advanced degree.• Possess appropriate professional certification.• Possess knowledge of Truist Audit Services audit software and business specific software.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 (https://benefits.truist.com/). 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.EEO is the Law (https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf)Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf)E-Verify (https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster_ES.pdf)

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What You Should Know About Audit Manager - Risk, Truist

Are you ready to take your career to the next level as an Audit Manager - Risk with Truist in Winston-Salem, NC? In this exciting role, you will lead critical and high-risk audit engagements, ensuring they are executed with precision and adding immense value to the organization. You'll be the go-to expert, planning and scoping audits while utilizing cutting-edge data analytics to enhance our processes. Collaboration is key, as you will work with junior team members to provide coaching and constructive feedback, helping them grow and succeed. Your analytical and problem-solving skills will shine as you identify significant issues and develop comprehensive audit reports that align with Truist's risk appetite framework. Additionally, you'll enjoy a dynamic environment where you can work independently while delivering high-quality projects and advisory services. With a strong focus on risk management and banking operations, this role is perfect for someone with a passion for continuous improvement and professional development. Plus, at Truist, you're not just another employee; you’ll be part of a diverse and inclusive culture that values your contributions. If you’ve got a Bachelor’s degree in accounting or a related field, alongside six to eight years of pertinent experience, we want to hear from you! Join us at Truist and be part of a community where you can truly make a difference.

Frequently Asked Questions (FAQs) for Audit Manager - Risk Role at Truist
What are the primary responsibilities of an Audit Manager - Risk at Truist?

As an Audit Manager - Risk at Truist, you will oversee high-risk audit engagements, ensuring they are planned, scoped, and executed effectively. You'll allocate resources efficiently, develop detailed audit test plans, and draft audit reports that reflect the findings aligned with Truist's risk appetite. Your role also involves mentoring junior team members, managing multiple tasks simultaneously, and providing advisory services for system implementations.

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What qualifications are required for the Audit Manager - Risk position at Truist?

To be considered for the Audit Manager - Risk position at Truist, candidates must possess a Bachelor’s degree in accounting, business, or a related field, as well as six to eight years of relevant banking, auditing, or risk management experience. Additionally, strong analytical skills, project management capabilities, and a deep understanding of audit processes and risk concepts are crucial for success in this role.

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How does Truist support the professional development of Audit Manager - Risk employees?

At Truist, professional development is a priority. As an Audit Manager - Risk, you will have opportunities for training and mentorship. The company encourages ongoing learning and provides resources for further education and certification that will enhance your career and technical skills. The supportive environment also fosters career progression within the organization.

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What types of projects will an Audit Manager - Risk work on at Truist?

An Audit Manager - Risk at Truist will engage in various projects, including conducting audits on higher-risk areas, advising on new systems and processes, and analyzing existing procedures for effectiveness. Every project aims to identify material issues and provide viable solutions that support Truist’s strategic objectives.

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What benefits can an Audit Manager - Risk expect at Truist?

Truist offers a comprehensive benefits package for its employees, including medical, dental, vision, life insurance, a 401k plan, paid vacation, and sick days, along with potential participation in a pension plan. With a focus on employee well-being, Truist also provides various resources to support a work-life balance for all its team members.

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Common Interview Questions for Audit Manager - Risk
Can you describe your approach to planning and executing an audit engagement?

When planning an audit engagement, I start by understanding the scope and objectives, followed by conducting a risk assessment to identify key areas of focus. I then develop a detailed test plan incorporating data analytics, allocate resources based on skills, and ensure alignment with quality expectations throughout the execution phase.

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How do you mentor and develop junior team members in an audit setting?

I believe in hands-on mentorship by providing constructive feedback after each audit. I schedule regular check-ins to discuss their progress, support their learning through training sessions, and encourage them to take ownership of their tasks. This approach helps them build confidence and skill in the auditing process.

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What methods do you use to identify root causes during an audit?

To identify root causes, I conduct thorough reviews of process documentation, engage with key stakeholders to gather insights, and use data analytics to uncover discrepancies. I also apply techniques like the ‘5 Whys’ to drill down to the underlying issues beyond surface observations.

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How do you manage competing deadlines for multiple audit projects?

Effective project management is essential in such cases. I prioritize tasks based on their impact and urgency, and utilize project management tools to track progress. Clear communication with my team also helps in reallocating resources when necessary to meet deadlines without compromising quality.

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What strategies do you employ to ensure audit reports are relevant and actionable?

I focus on aligning audit findings with Truist's risk appetite and stakeholder expectations. By adopting a clear reporting format that emphasizes actionable insights and practical recommendations, I ensure that stakeholders can easily understand and implement necessary changes.

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Can you share an experience where your audit significantly improved a process?

In a previous role, I audited a compliance process that uncovered several inefficiencies. My recommendations led to streamlined procedures and better resource allocation, ultimately reducing compliance response times by 30%. This not only saved time but improved overall service delivery.

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How do you stay updated with the latest developments in auditing and risk management?

I regularly participate in industry webinars, subscribe to professional journals, and engage in local CPA chapter meetings. Networking with peers and attending relevant conferences helps me stay ahead of emerging trends and regulatory changes within audit practices.

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How do you tackle resistance from stakeholders during the audit process?

I approach resistance with open communication and transparency. Engaging stakeholders early in the process, clarifying the audit’s objectives, and emphasizing the benefits helps ease concerns. Building trust and fostering a collaborative environment is key to overcoming resistance.

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What metrics do you consider crucial for assessing audit effectiveness?

I focus on several metrics including the number of issues identified, accuracy of compliance reports, follow-up resolution rates, and stakeholder satisfaction scores. These metrics provide quantitative data on the effectiveness of audits and help in refining future audit strategies.

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Why do you believe risk management is essential in auditing?

Risk management is critical because it helps ensure that audits focus on areas of greatest concern and potential impact. A risk-based approach allows auditors to allocate resources efficiently, provide value-added insights, and enhance decision-making processes within the organization.

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Full-time, on-site
DATE POSTED
December 18, 2024

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