Internal Audit Business Auditor at Auburn Technical Services

Summary

The primary responsibilities of the Internal Audit Business Auditor are to assist in the planning and execution of operational audits related to the various business areas of the Bank, including but not limited to Custody Services & Securities Lending, including support functions like Finance, Compliance, Risk Management etc. The individual should have a good understanding of the operation of financial markets and of key financial instruments and strategies. The individual must be experienced in executing audits and supervising the execution of audits per industry approved internal audit standards and in communicating audit findings to senior management.

Key Responsibilities

• Executes business related audits in line with the department’s Internal Audit methodology guidelines and participates in all phases of the audit including planning, fieldwork, and reporting with the following specific responsibilities:
•  Supervises all junior department members working on the audits, including reviewing their work in detail and providing feedback.
•  Identifies business objectives and risks specific to the function being reviewed.
• Conducts walkthroughs with key stakeholders to identify controls and assess the design of those controls.
• Designs test scripts and performs sample testing, or where applicable, full population testing to assess the operating effectiveness of the controls identified.
• Discusses potential findings with management and presents audit issues to audit management for review.
• Drafts audit reports and presents it to audit management for review.
• Issues final reports to senior management and Audit Committee Members.
• Completes verification of all corrective actions contained in audit reports to ensure management mitigated the unmitigated risks identified.
• Completes auditable entity risk assessments to help formulate the annual Internal Audit plan.
• Provides performance feedback to junior department members as needed.
• Attends committees in the absence of the Director of Internal Audit and presents Internal Audit materials at such meetings
• Proactively advances integrated auditing concepts and use of technology while working closely with technology audit counterparts.
• Assists with strategic projects for the Internal Audit department as needed.
• Participates in the Internal Audit department’s continuous monitoring and quality assurance programs as needed.
• Takes responsibility for specific department reporting as needed.
•  Uses excellent communication skills in order to influence a wide range of internal audiences including respective product, function, or regional executive management partners.
• Keeps abreast of all applicable regulatory banking rules and regulations.
• Demonstrates strong judgment, political astuteness, and sensitivity to cultural diversity.
• Possesses strong project management and communication skills, makes sound decisions, exhibiting initiative and intuitive thinking.

Qualifications

• Bachelor’s Degree or equivalent in Accounting or Finance.
• Related certifications (CPA, CIA, or similar) are required.
• 8+ years of Internal Audit experience within the Financial Services industry with proven ability in taking responsibility for executing concurrently on multiple audits and ensuring high quality deliverables according to defined timelines.
• Solid business understanding of one or more of the following processes is preferred – settlements, payments, corporate actions, securities lending, repo trading, collateral management, loan processing, and BSA/AML compliance.
• Strong leadership skills to guide junior department members.
• Ability to present to large groups of individuals in committee meetings.
• Strong understanding of Internal Audit methodologies
• Strong oral and written communication skills while maintaining an energetic and approachable attitude.
•  Good analytical skills, showing ability to assess risks and controls.
• Advanced technical skills to perform analytical procedures on large sets of data are desired.
•  Strong interpersonal skills for interfacing with all levels of Bank management.