Senior Associate, Internal Audit

Oaktree is a leader among global investment managers specializing in alternative investments, with $205 billion in assets under management as of September 30, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. The firm has over 1,200 employees and offices in 23 cities worldwide.

We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.

For additional information please visit our website at www.oaktreecapital.com

Responsibilities

The Senior Associate position will be responsible for conducting operational, financial, and regulatory internal audits (no SOX testing). The following statements are intended to describe the general nature and level of work being performed.  This is not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of team members.

Responsibilities include:

• Identify operational, compliance, financial, and reputational risks through risk assessment, audit and consulting activity;
• The ability to execute the planning, fieldwork and reporting stages of the internal audits;
• Leading interviews to understand current state systems, processes, and controls and assessing risk with minimal oversight and supervision;
• Performing walk-throughs of control processes and substantive testing, as necessary;
• Designing audit procedures for high-risk and complex audit areas;
• Designing and performing data analytic procedures to identify emerging risks and patterns;
• Completion of clear and concise work papers that articulate the work performed and the conclusions reached;
• Identifying, developing and documenting audit findings and discussing the findings with the stakeholders;
• Drafting audit reports and communicating audit results via verbal and written presentations to management;
• Advising stakeholders on the strengths and weaknesses of controls and developing effective solutions;
• Performing due date tracking, management follow-up, and validation testing for the remediation of audit findings;
• Developing and maintaining relationships with stakeholders;
• Drafting audit committee and other internal audit meeting materials;
• Performing validation testing for the remediation of audit findings;
• Helping to advise stakeholders on the strengths and weaknesses of controls;
• Performing job administration responsibilities, including creating status reports and tracking budget-to-actuals;
• Pursuing professional development opportunities via professional associations, certifications, and internal/external training; and
• Performing various other tasks and special projects as required.
• Identifying and implementing use cases for Artificial Intelligence when conducting internal audit tasks.

Qualifications

• 4-5 years of audit experience.
• Internal audit experience within the asset management industry or financial services is preferred;
• Experience applying internal auditing standards, management principles and business practices;
• Experience collecting and analyzing complex data, evaluating information and drawing logical conclusions;
• Experience preparing for and presenting to senior audiences;
• Experience using data analytics to identify patterns and trends using data;
• Experience planning and managing project plans (includes ensuring timely completion of assigned project phases within a provided budget); and
• Proficiency with Microsoft Office suite applications, with a specific emphasis on Word, Excel, Outlook and PowerPoint to prepare work papers, reports, memos and summaries.

Personal Attributes

• Excellent interpersonal, verbal and written communication skills.
• Strong skills in resolving problems and negotiating findings.
• Critical thinker with intellectual curiosity and proactivity in researching business concepts.
• Agile, self-initiated and a self-starter.
• Excellent time management skills / an ability to handle multiple assignments and meet deadlines.
• Flexible and team-oriented, and strong integrity and professionalism.

Education

Bachelor’s degree in relevant discipline (Accounting, Finance, or Business-related field).