Internal Audit Manager - BBVA Brazil

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BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers.

Overviewposition Summary

The Internal Audit Manager is responsible for leading and executing audits related to BBVA's operations in Brazil. This role ensures compliance with applicable regulatory requirements while evaluating the effectiveness of internal controls across business, operations, finance, compliance, and engineering functions.

The function requires deep knowledge of Investment Bank operations in Brazil, financial reporting, and regulatory obligations to ensure the firm maintains a robust control environment that supports its supervision, compliance, and risk management structures.

About The Job:

Key Duties and Responsibilities 

• Lead and execute risk-based internal audits of key processes within BBVA Brazil, including trading activities, in addition to the processes and risks of the other areas that comprise the Bank.
• Collaborate with other internal audit team members to execute other types of audits.
• Evaluate compliance with Brazilian regulatory requirements, including BACEN and CVM, as applicable.
• Assess internal controls over financial reporting related to the bank in Brazil, including revenue recognition, commissions, expenses, and intercompany allocations.
• Review the design and effectiveness of governance structures, including supervision procedures, control room protocols, and the application of information barriers.
• Evaluate the design and operational effectiveness of internal controls to ensure compliance with applicable laws and regulations.
• Be capable of identifying relevant risks, recommending improvements as needed, and adequately documenting the audit process.
• Identify and communicate audit findings and recommendations clearly and constructively to senior management.
• Prepare audit reports in compliance with internal standards, ensuring they clearly communicate objectives, scope, methodology, findings, root causes, risk classifications, and recommended actions.
• Stay updated on evolving BACEN, CVM, etc. regulations, industry trends, and enforcement actions to ensure audit activities remain relevant and effective.
• Collaborate with the Head of Internal Audit of BBVA Brazil to develop and implement risk-based audit plans, ensuring alignment with organizational objectives and regulatory requirements.
• Maintain independence and objectivity in all audit activities, in accordance with organizational policies.

Qualifications and Skills
Education & Experience

• Academic Background: Bachelor's degree required; preferred areas include Accounting, Finance, Business Administration, or other related fields. Master's degrees and/or postgraduate studies in finance, banking, audit, accounting, and/or international financial sector regulations will be particularly valuable.
• Experience: Minimum of 8 years of experience in Internal Audit, with a strong focus on regulatory compliance, preferably reviewing financial institutions.
• Experience in audit planning, field work execution, control testing, and audit reporting aligned with IIA standards.
• Experience with market products and global regulatory frameworks is a plus. A good understanding of business and processes in the Corporate Investment Banking area is a plus (i.e., Global Markets, Loans, Commercial Finance, AML & FT, Risk Management, etc.).
• Profound knowledge of Brazilian capital markets and financial services regulation, including rules and expectations set by BACEN and CVM.

Technical Knowledge & Certifications

• Certifications: Up-to-date and verifiable knowledge certifications may include CIA, FRM, CFA, CRC, etc..
• Technical Knowledge in ACL, Python, or other mass information processing tools.

Core Competencies

• Leadership Skills: Proven ability to lead audit projects, manage teams, and work cross-functionally.
• Communication Skills: Strong verbal and written communication skills to effectively articulate audit results to both technical and non-technical audiences. Excellent interpersonal skills with the ability to present delicate issues to middle management, as well as influence change.
• Collaboration and Problem Solving: Strong collaboration and problem-solving skills.

Languages

• Bilingual: Portuguese and English (C1 level).
• Additional: Spanish is a plus.

Skills:

Continuous Improvement, Decision Making, Innovation, Internal Auditing, Project Management