Abn Amro Work Values

Daily Duties at Abn Amro:

• Set-up new internal Audit function for European international Bank in the U.S. which included New York representative office containing a broker-dealer and finance and trade finance business for energy, commodities and transportation industries and a wholly-owned subsidiary, a full service securities clearing firm in Chicago, Illinois (ABN AMRO Clearing USA LLC) • Involved in monthly US senior management meetings and monthly/quarterly Risk meetings and provided feedback. • Responsible for monitoring updates to the Dodd Frank Act to ensure compliance. • Performed risk assessment of New York representative office business lines and support and ABN AMRO Clearing USA LLC • Set-up of 2012 to 2014 audit schedule for U.S. functions/activities. • Responsible for conducting audits for all US activities/functions. Conducted front to back audits of the securities financing; domestic stock loan/borrow, international stock loan/borrow and fixed income securities (U.S. treasury securities, bonds, repurchase and reverse repurchase agreements), equity options, Accounting and Funds Transfer. • Prepared formal written audit reports to effectively communicate audit findings and recommendations to clients and executive management. (Head Office Senior Management in Amsterdam, The Netherlands made decision to not obtain FRB branch license for NY rep office, regulatory exposure diminished significantly, no longer need for US audit function)

What they like about Abn Amro:

Working in an organization that is technologically advanced, creative, and innovative is critical in your assessment of hiring companies. Less important to you are stability of the organization, the length of time an organization has been in business, and the business' plans for the future. You prefer a fast-moving company that will take risks to achieve its goals and objectives. The length of time the company has been in business is irrelevant. Maintaining status quo is unnecessary. You thrive on change, uncertainty and the upside of potential business risks, especially those associated with innovation. Stability for the long haul is not nearly as important as is working in an atmosphere that is charged with a sense of urgency and constant change.

Tags

Risk Management, Internal Controls, Internal Audit, Financial Audits, Operational Audits, Compliance, Risk Assessment, Manager/Senior Manager/Director Internal Audit

Skills

Technology Solutions, Software Implementation, Requirements Analysis & Specification, Auto-Audit (Paisley Consulting), Auditor Assistant (Deloitte Touche)

These are some of the questions we asked our climbers about their experiences with Abn Amro: