Job DescriptionJob Summary:The Risk Advisory Services - Financial Services ("RAS-FS") Senior Associate is responsible for providing risk consulting and issues resolution to financial services clients in the areas of internal audit, business process improvement/transformation, regulatory compliance, risk management, information technology, and/or Sarbanes-Oxley ("SOX"). In this role, the RAS-FS Senior Associate participates in all stages of an internal audit and/or consulting engagement, and provides assistance with planning, field work, engagement wrap up and report composition, along with providing recommendations regarding client risk management.
This position may work a sporadic and fluctuating schedule.
Job Duties:- Acts as the primary day-to-day contact for clients regarding basic questions and information
- Develops and monitors budgets (budget-to-actual) for all assigned engagements
- Conducts informational interviews, and facilitates meetings with clients during engagement process
- Obtains information, documents, and data from clients to support the completion of analysis and research of client issues
- Documents and analyzes client processes, risks, and controls, with guidance and direction from senior RAS-FS professionals
- Develops initial deliverables and/or solutions to client issues
- Reassesses risk and communicates with senior RAS-FS professionals and/or client, as necessary
- Assists with management of engagements to ensure engagement metrics are achieved
- Utilizes research tools, databases, and trade publications to develop an understanding of client's industry
- Develops relationships with client personnel and management members
- Prepares formal and informal presentations for client meetings
- Partners with RAS-FS leadership to complete research and draft proposals and reports, as necessary
- Implements project plans
- Maintains the confidentiality of all documentation and work papers associated with client engagements
- Conducts risk assessment of assigned department or functional areas in established / required timelines, while overseeing staff
- Develops risk-based audit programs
- Determines the scope of a review in conjunction with the engagement manager
- Documents understanding of internal audit areas and identifies associated relevant risks and key controls
- Assesses internal control design and operational effectiveness
- Conducts audit testing of specified area and identifies reportable issues and dimension of risk
- Determines compliance with appropriate legislation and/or audit policies and procedures
- Communicates findings to senior management, and drafts comprehensive report of audited area
- Ability to travel, as needed
- Other duties as required
Supervisory Responsibilities:- Supervises the day-to-day workload of RAS-FS Associates on assigned engagements, and reviews work product to ensure quality standards are met
- Ensures RAS-FS Associates are trained on all relevant audit and other software and engagement processes and procedures
- Delivers periodic performance feedback, and completes performance evaluations for RAS-FS Associates
- Acts as mentor to RAS-FS Associates, as appropriate
Qualifications, Knowledge, Skills, and Abilities:Education:- Bachelor's degree in Accounting, or Finance, required
Experience:- Four (4) or more years of banking, asset management, brokerage, and/or other financial services experience within a public accounting firm or financial institution performing internal audit, consulting, compliance, and/or risk services, required
- Experience with internal controls, including Sarbanes-Oxley/FDICIA, flowcharts, documentation and testing of controls, required
- Experience with IT audit and SOX, with a focus on entity wide risk assessment, required
- Two (2) or more years of experience in performing internal audits of banking, asset management, brokerage, and/or other financial services activities as follows, preferred:
- Lending Activities (e.g., Consumer Loans/Commercial Loans/Portfolio Management/Problem Loan Management/ALLL)
- Treasury and Finance (e.g., Accounting & Controllers/Investments & Treasury/ALM/Liquidity Mgmt./Borrowing/Reg. Reporting)
- Core Regulatory Requirements (e.g., Consumer/Lending/Privacy/Operational/Compliance/Risk Management)
- Bank/Asset Management/Brokerage Operations (e.g., Branch Admin. & Retail Banking/Electronic Banking/Deposit Operations/Vendor Management/ERM/Trade Execution - Capture, Match, Settle, Reconcile and Report/New Client On-Boarding/Account Management)
- Human Resources (e.g., Payroll/Employee Benefits/Regulatory Compliance/Ethics Management/Training Program)
- Two (2) or more years of supervisory experience, preferred
License/Certifications:- CPA, CIA, CISA and/or CFSA, preferred
Software:- Proficient in the use of Microsoft Office Suite, specifically Excel, Word, and PowerPoint, required
- Experience with various IT audit applications and research tools, required
Other Knowledge, Skills & Abilities:- Solid understanding and capable of planning and coordinating the stages to perform an audit within a financial institution
- Knowledge of internal accounting controls, professional standards, and regulations within a financial institution
- Strong verbal and written communication skills
- Ability to adapt style and messaging to effectively communicate with professionals at all levels both within the client organization and the Firm
- Ability to successfully multi-task while working independently and within a group environment
- Superior analytical and diagnostic skills
- Able to work in a demanding, deadline driven environment with a focus on details, accuracy, and responsiveness
- Ability to adapt to rapidly changing environments successfully
- Solid organizational skills, especially the ability to meet project deadlines with a focus on details
- Effective management of a team of professionals and ability to delegate work assignments as needed
- Build and maintain strong relationships with client personnel
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.
National Range: $60.00/hr - $75.00/hr
Maryland Range: $60.00/hr - $75.00/hr
NYC/Long Island/Westchester Range: $60.00/hr - $75.00/hr
