Experienced Senior Associate, RAS - Financial Services

Job 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