Flourish Risk & Controls Associate

Massachusetts Mutual Life Insurance Company (MassMutual) • $88K — $115K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Finance, Accounting, or related field, or equivalent experience
  • 3+ years in audit, advisory consulting, or risk management
  • Experience in designing, testing, and implementing internal controls
  • Strong communication skills across various organizational levels
  • Ability to manage multiple projects in a dynamic environment
  • Initiative-driven with a focus on continuous process improvement

Responsibilities

  • Maintain internal controls inventory and guide control owners
  • Support design and documentation of controls and frameworks
  • Coordinate annual risk assessment and risk mitigation efforts
  • Develop and execute internal audit plans
  • Analyze documentation to fulfill audit plans
  • Prepare and present comprehensive audit reports
  • Facilitate communication with teams and leadership
  • Manage relationships with external auditors

Benefits

  • Comprehensive salary and incentive opportunities
  • Supportive team environment
  • Dynamic work culture
  • Focus on professional development
  • Opportunities for cross-functional collaboration
Full Job Description
The Opportunity

With an eye for details, you are excited to monitor the risk environment of the Company and provide insights to enable effective risk management. You enjoy partnering with the business by providing advice, guidance, and problem solving to identify areas of risk and make valuable recommendations on controls. You are interested in influencing change and decisions for business initiatives, project launches, and system implementations. A dynamic environment is motivating and you are passionate about technology and able to focus on key issues and the details that come with it.

The Impact

The Flourish Risk & Controls team is responsible for monitoring risk across Flourish and providing insights to enable effective risk management. As a member of the team, you will advise the business, including product and engineering groups, while identifying areas of risk and making recommendations on mitigating controls. You will contribute to the strategic development of the controls strategy for the business and assist in the decision making process for business initiatives including product launches and system implementations. You will partner with leaders and stakeholders across the organization to achieve a strong control environment that enhances and protects organizational value.

As a member of the team, you will contribute to the execution of the annual risk assessment process and design and execute risk-based audit programs to address the identified risks and compliance requirements. You will prepare audit reports to document audit scope, procedures, findings, and recommendations. You will interpret the significance of audit findings, draw conclusions from findings, and make practical recommendations for remediation. You will communicate with and educate process owners on the importance of controls, an effective control environment, and the role of the team.

Responsibilities:
  • Maintain the inventory of internal controls and assist control owners in their knowledge and understanding of the controls they own
  • Support the design and documentation of controls and where appropriate framework, policy, and process documentation to support those controls
  • Coordinate the annual risk assessment process and assist management in identifying and mitigating risks
  • Assist with holistic risk quantification and mitigation efforts across business units
  • Develop internal audit scope and audit plans
  • Acquire, analyze, and evaluate documentation to execute audit plans
  • Prepare and present reports that reflect audit results
  • Maintain open communication with teams and leadership across the organization
  • Manage the relationship with the external auditors
  • Project manage the external audits across multiple regulatory regimes including the audit preparation process and communication between auditors and control owners
  • Actively identify areas to improve operations and independently handle broad-scope projects


The Minimum Qualifications
  • Bachelor's degree in Business, Finance, Accounting, or related field, or equivalent experience
  • 3+ years of work experience in an audit, advisory consulting, or risk management role
  • Experience designing, testing, implementing internal controls and reviewing business processes
  • Ability to interact with all levels, set objectives, and create results
  • Ability to navigate through ambiguity
  • Ability to manage and coordinate multiple project assignments simultaneously in a fast-paced environment
  • Ability and willingness to take initiative to address problems and make continuous process improvements
  • Excellent communication skills, with the ability to work with a wide variety of stakeholders


The Ideal Qualifications

  • CPA, CA, CIA, or related experience
  • Knowledge of broker-dealer compliance requirements, including SEC Rule 17a-5
  • Knowledge of NAIC Model Law on Suitability In Annuity Transactions
  • Knowledge of the AICPA Trust Services Criteria for SOC 2 Examinations


Salary Range:
$88,300-$115,900

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

About Massachusetts Mutual Life Insurance Company (MassMutual)

Massachusetts Mutual Life Insurance Company (MassMutual) Careers

Joining the team at Massachusetts Mutual Life Insurance Company (MassMutual) offers more than just a job; it opens the door to a world of job opportunities where professional growth and personal development are encouraged and nurtured. Massachusetts Mutual Life Insurance Company (MassMutual) stands as a beacon of innovation, leadership, and diversity in the insurance industry.

Explore Career Opportunities

Massachusetts Mutual Life Insurance Company (MassMutual) is actively hiring and offers a variety of positions that cater to different skills and career aspirations. From entry-level roles to leadership positions, the company seeks passionate, creative, and solution-driven team players. Explore the numerous job opportunities at Massachusetts Mutual Life Insurance Company (MassMutual) to find a position that matches your skills and interests.

Internship Programs

Kickstart your career with Massachusetts Mutual Life Insurance Company (MassMutual)'s internship programs. These opportunities provide invaluable industry experience, networking prospects, and a chance to work on real projects that impact the company and its clients. Internships at Massachusetts Mutual Life Insurance Company (MassMutual) are a stepping stone to full-time employment and offer a deep dive into the culture and operations of a leading insurance provider.

Employee Benefits and Culture

Massachusetts Mutual Life Insurance Company (MassMutual) is committed to supporting its team members not only in their professional lives but also in their personal growth. The company offers comprehensive benefits designed to nurture the well-being of its employees and their families. The culture at Massachusetts Mutual Life Insurance Company (MassMutual) is built on a foundation of respect, integrity, and diversity, fostering an environment where everyone can thrive.

Professional Development and Growth

Career growth at Massachusetts Mutual Life Insurance Company (MassMutual) is propelled by continuous learning and development opportunities. The company invests in diversity training, leadership programs, and innovation workshops to ensure that every team member has the resources to advance their career. Employees are encouraged to expand their knowledge base and acquire new skills through various training and development programs.

Networking and Innovation

At Massachusetts Mutual Life Insurance Company (MassMutual), networking and innovation go hand in hand. Employees are encouraged to connect with colleagues and industry professionals, enhancing their career prospects and contributing to the company's leadership in the market. The collaborative environment ensures that innovative ideas are shared and celebrated.

Join the Massachusetts Mutual Life Insurance Company (MassMutual) Team

Search open positions that align with your career goals at Massachusetts Mutual Life Insurance Company (MassMutual). Prepare your resume, hone your interview skills, and get ready to join a team that values leadership and professional growth. Discover how Massachusetts Mutual Life Insurance Company (MassMutual) can transform your career aspirations into reality.

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Explore Jobs and Careers at Massachusetts Mutual Life Insurance Company (MassMutual)

Whether you are seeking a new challenge, a leadership role, or a collaborative team environment, Massachusetts Mutual Life Insurance Company (MassMutual) offers a dynamic and supportive workspace for everyone. Check out the latest job openings and embark on a rewarding career journey with Massachusetts Mutual Life Insurance Company (MassMutual).
Learn more about Massachusetts Mutual Life Insurance Company (MassMutual)
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Finance & Insurance
* Ladders Estimates

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