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Senior Capital Markets Auditor

2 months ago


Washington, United States SynergyProfessionalStaffing Full time
JOB OVERVIEW

Support the planning, execution, and reporting of financial, operational, and compliance audits/projects to ensure adherence to federal regulations, corporate policies, and generally accepted accounting standards.

Senior Internal Auditors are expected to exhibit comprehensive knowledge of the mortgage sector and Fannie Mae's operational framework while pursuing specialized expertise in specific functional areas.

PRIMARY RESPONSIBILITIES

Effectively execute all essential functions of the Internal Auditor position with increased complexity, scope, and independence.

Facilitate and lead audit team discussions to outline the audit strategy, including background information, preliminary objectives/scope (identified during the Annual Audit Planning process), budget considerations, execution timelines, involved departments, contacts, and expectations.

Assume responsibility and independently oversee segments of audits with minimal supervision from the Audit Manager/Director. Conduct initial reviews of Internal Auditor work and documentation; utilize guidance from the Internal Audit Manager/Director as necessary. Review audit documentation; begin assessing risks and their potential impact on the organization. Conduct root cause analysis on discrepancies identified during audits. Validate and document the Risk Control Matrix; formulate testing procedures based on the Risk Control Matrix. Prepare audit reports; revise and finalize them in collaboration with the Audit Manager/Director. Draft Internal Control Issues (ICIs), engage with audit management, and validate findings with stakeholders; assist with additional report writing as required.

Assist in monitoring outcomes of previous audits, identifying recurring audit themes across divisions, and evaluating whether suitable corrective actions have been implemented regarding significant audit concerns.

Contribute to enhancing and fortifying the governance, risk, and control framework of the organization; share insights, ideas, and recommendations with the Internal Audit Manager/Director and Internal Audit teams.

Provide informal, daily coaching and support to Internal Auditors. Share expertise in specialized areas to enhance knowledge and capabilities within Internal Audit. Foster and maintain relationships with business partners at both managerial and staff levels.

Offer guidance and share Internal Audit expertise with business partner managers and staff to strengthen governance, risk, and control frameworks as appropriate.

REQUIRED KNOWLEDGE & SKILLS
Minimum of 3 years of experience in auditing internal controls is preferred. Experience in a trading environment is advantageous. Familiarity with or experience in front office operations is preferred but not mandatory.

Understanding of financial instruments such as derivatives, futures, options, commodities, fixed income, ABS/MBS/CMBS, swaps, and swaptions is preferred but not required.

Previous experience in pricing and valuations is beneficial but not essential.

Proven ability to document and analyze business operations to assess risk and identify and test controls.

Strong analytical skills, including the capacity to evaluate facts and data to draw conclusions, even when information is limited, as well as the ability to articulate problems or situations using a systematic approach.

Excellent communication skills, including the ability to build relationships and express thoughts clearly and effectively.

Ability to convey a fundamental understanding of Fannie Mae's current role in the market, as well as insights into the lending industry and secondary mortgage market.

Capability to thrive in a dynamic and unstructured environment and manage ambiguity. A collaborative team player who works effectively with various team members to achieve integrated solutions.