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 internal audit or consulting engagements, and provides assistance with planning, field work, engagement wrap up, and report composition, along with providing recommendations regarding client risk management.  

Job Duties:

• Acts as primary day-to-day contact for clients regarding basic questions and information
• Conducts informational interviews and facilitates meetings with clients during engagement process
• Obtains information, documents, and data from clients to support the completion of analyses and research of client issues
• Documents and analyzes clients’ processes, risks, and controls with guidance and direction from senior RAS-FS professionals
• Develops initial deliverables and/or solutions to client issues
• Reassesses risks 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 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, and maintains all documentation and work papers associated with client engagements
• Conducts risk assessment of assigned departments and/or functional areas in established / required timeline, while overseeing staff
• Develops risk-based audit programs / designs test procedures
• Determines scope of projects in conjunction with the Engagement Manager
• Documents understanding of internal audit areas and/or processes, and identifies associated relevant risks and key controls
• Assesses internal control design and operational effectiveness
• Conducts audit testing of specified areas and/or processes, and identifies reportable issues and dimension of risk (impact and likelihood)
• Determines compliance with applicable regulations and/or policies and procedures
• Communicates findings to senior management and drafts comprehensive reports for audited areas
• Other duties as required
• Ability to travel as needed

Supervisory Responsibilities:

• Supervises the day-to-day workload of RAS-FS Associates and/or Interns on assigned engagements and reviews work products to ensure quality standards are met
• Ensures RAS-FS Associates and/or Interns 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 and/or Interns
• Acts as mentor to RAS-FS Associates and/or Interns as appropriate

Qualifications, Knowledge, Skills, and Abilities:

Education:

• Bachelor’s degree in Accounting or Finance, required

Experience:

• Two (2) 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, compliance, risk management, and/or other related risk/control functions, required
• Experience with internal controls including SOX/FDICIA flowcharts, documentation, and testing of controls, required
• Experience with IT audit and SOX with a focus on entity-wide risk assessment, required
• One (1) or more years of experience in performing internal audits of banking, asset management, brokerage, and/or other financial services activities as follows, required:
  • 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