Audit Manager - Model Risk Governance

Welcome to Truist Financial, where we believe in building a better future for our clients and communities through our dedication to excellence and innovation. We are currently seeking a highly qualified and motivated Audit Manager to join our Model Risk Governance team. In this role, you will play a critical role in ensuring the accuracy and integrity of our financial models, helping to mitigate risks and drive strategic decision making. If you have a strong background in audit, risk management, and financial modeling, and are looking for a challenging and rewarding career opportunity, we encourage you to apply. Join us and be a part of a dynamic and collaborative team that is committed to making a positive impact.

1. Develop and implement audit plans and strategies for the Model Risk Governance team to ensure the accuracy and integrity of financial models.
2. Oversee and conduct audits of financial models to identify and assess potential risks and ensure compliance with regulatory requirements.
3. Collaborate with cross-functional teams, including risk management, finance, and technology, to understand model development and implementation processes.
4. Review, analyze, and validate model documentation, assumptions, and methodologies to ensure they align with industry best practices and regulatory standards.
5. Make recommendations for improvements to model risk management processes and procedures.
6. Monitor and track model risk issues and work with stakeholders to develop and implement corrective action plans.
7. Keep abreast of industry developments and best practices related to model risk management and incorporate them into audit processes.
8. Act as a subject matter expert on model risk governance and provide guidance and training to team members and stakeholders.
9. Communicate audit findings and recommendations to senior management and provide regular updates on the status of audits.
10. Foster a culture of continuous improvement and innovation within the Model Risk Governance team.
11. Ensure compliance with internal policies and procedures as well as external regulatory requirements.
12. Mentor and coach junior team members to foster their professional growth and development.
13. Collaborate with other audit teams and departments to share knowledge and promote best practices across the organization.
14. Represent the Model Risk Governance team in meetings with internal and external stakeholders.
15. Maintain accurate and up-to-date documentation of audit processes and findings.

According to JobzMall, the average salary range for a Audit Manager - Model Risk Governance in Atlanta, GA, USA is between $120,000 and $150,000 per year. This may vary depending on factors such as experience, education, and the specific company and industry the individual is working in. Additionally, bonuses and other forms of compensation may also impact the overall salary range.

Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks.