Job Description

You are responsible for validating whether the firm operates in a controlled environment with appropriate risk management processes. Auditors evaluate the adequacy and effectiveness of the firms internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firms compliance with internal guidelines set for risk management and risk monitoring as well as external rules and regulations governing the industry.
The department reports directly to the Board Audit Committee and helps verify whether the firm meets all of its fiduciary responsibilities to shareholders while adhering to corporate governance standards and legal and regulatory requirements. Internal Audit is comprised of Business and Technology auditors. Business auditors focus on understanding the risks that the businesses face and the controls to mitigate those risks. Technology auditors focus on the application controls supporting the business processes including systems development/ application security and entitlements/ production management/and technology governance. Both groups are responsible for understanding, analyzing and testing the controls to protect the franchise.
Responsibilities

• Participate in all phases of the audit, including planning, fieldwork and reporting.
• Assist Audit Coverage Manager in audit assurance planning by identifying and evaluating key risks in scope for the given audit
• Plan and conduct walk-through meetings for Finance process in scope for an audit
• Identify significant controls during the walk-throughs and assesses adequacy of their design for key risk mitigation
• Assist Audit Coverage Managers in developing audit assurance activities for significant controls
• Execute audit assurance activities for significant controls and draw conclusions of controls effectiveness by analyzing available documentation asking insightful questions to identify root causes for exceptions.
• Clearly document results and conclusions of audit assurance activities in line with the internal documentation standards.
• Assess severity of exception identified by audit assurance activities in line with the methodology
• Communicate audit exceptions to Audit Coverage Manager and Director providing severity assessment for audit finding
• Assist Audit Coverage Manager and Director with negotiating finalization of audit findings with auditees management
• Drafting reportable audit findings for auditees management action plan and audit report
• Participate in the periodic continuous monitoring of Finance activities analyze and document the risk assessments.
• Maintain ongoing communication with Finance management to closure verify previously identified audit issues
• Participate in continuous monitoring and risk assessment of key business processes to drive risk-based audit plan.
• Assist Audit Coverage Mangers with identification and evaluation of key risks within Finance processes.
• Participate in strategic initiatives and projects to enhance audit approach and coverage.
• Develop solid working relationship with stakeholder and clients and across the broader Internal Audit Department
• Track management's remediation efforts including the design and implementation of recommended processes and controls to strengthen internal control frameworks.

Required Knowledge, Skills, and Abilities

• Strong verbal and written communication skills
• Ability to rapidly learn and apply Internal Audit methodology
• Ability to multi-task between several projects and complete audits/projects within required time frames and budgets
• Self-motivated team player with ability to work independently in a fast-paced environment and within a virtual team setting.
• Ability to resolve challenging issues with innovative ideas.
• Keen attention to detail and strong analytical skills.
• Outstanding work ethics, living the firms core values
• Prior experience performing walkthroughs and risk assessments of the internal control environment/ performing controls and substantive testing/ documenting work performed, and developing audit observations in accordance with internal quality assurance standards.
• General understanding of the financial services industry, related regulatory environment, and familiarity with banking and capital markets products
• Functional or audit experience with Basel regulations ideally US and UK/EU implementations including Liquidity and/or Capital requirements
• Masters/ Bachelors Degree (Required, major in Accounting or Finance is preferred)
• Accounting and /or auditing background with related experience either with a prior Internal Audit function or public accounting firm (Required) 
• ACCA/ CA/ CP/ CFA or equivalent certification (Preferred)
• Understanding of the internal audit processes (e.g. risk assessments/ planning/ testing/ reporting and continuous monitoring)