SENIOR AUDIT ASSOC – GLOBAL ASSET MANAGEMENT, TO £60,000 PLUS EXCELLENT BENS, MAYFAIR
Our client is a leading Global Investment Management firm providing investment management and research services to public and private sector institutional clients, retirement and pension funds, banks, insurance companies and high-net worth individuals.
The Senior Audit Associate, Non-US Internal Audit Group, London Office is responsible for planning, performing, reporting, and following-up on specific audit assignments under the guidance of the Audit Team Leader - London and Audit Manager - Non-US. Such assignments are performed to assist in assessing the relative accuracy of financial information, the effectiveness of internal controls, and compliance with management instituted policies, procedures, and country specific regulatory requirements.
SPECIFIC RESPONSIBILITIES:
The Senior Audit Associate will be responsible for carrying out the following duties:
Assist the Audit Team Leader/Audit Manager in carrying out the annual audit plan by the following means:
- Assist in planning the scope of internal audits; prepare audit programs and execute comprehensive audits in various operational and financial areas of the company (domestic and international.)
- Participate in audit planning, progress and wrap-up meetings.
- Identify internal control weaknesses, recommend corrective actions and follow up on implementation.
- Prepare audit work-papers that evidence completion of audit and form an adequate basis for the audit report; prepare drafts of risk control matrices and audit reports.
Assess the accuracy and adequacy of financial information and the Company’s internal control structure by:
- Reviewing transactions, documents, records, reports, accounting and operational methodologies.
- Executing audit test steps.
- Employing analytical review procedures (ARP’s).
Assist in performing special assignments as requested by senior management and/or the various areas within the Company. This will include:
- Gathering financial and operational information.
- Reviewing and analyzing the information.
- Documentation test results and observations.
Assist the Audit Team Leader/Audit Manager in accomplishing certain administrative tasks:
- Preparation of annual risk assessments.
- Annual audit plan.
- Performance of continuous business monitoring.
- Commentary for the Board of Directors’ Audit Committee material.
- Following-up and validating audit observations periodically.
- Preparation of any other periodic management reporting as required.
The Senior Audit Associate is also called upon to:
- Operate effectively and flexibly across virtually all areas of the Company, spanning different technologies, systems, business models, priorities and processes.
- Deliver constructive analysis: identify flaws and explain impact - get the facts, be confident in them, and communicate concisely and with conviction.
- Go into already high performing, high quality environments and find what can be improved.
- Take the unexplained, understand it and explain it!
- Adhere to the policies and procedures of the Group Internal Audit Procedures Manual and also make use of automated work-papers and the internal Audit Management System.
- Create and foster good relationships amongst the auditees and keep abreast of developments and changes in their businesses.
- Keep current as to the development of relevant industry, regulatory and corporate matters that may affect the Internal Audit Department’s audit scope, and the country businesses.
Required Experience and Skills
- A degree educated candidate with solid audit experience within funds management (1st preference) highly desirable, or other relevant financial services industry, executing financial and operational audits. Consideration also given to candidates with business/operations, compliance, and risk management backgrounds in fund management.
- Knowledge of operational risk management processes and experience in working in the field and auditing.
- Open to exploring opportunities for non-Audit professionals who have heavy broker/dealer, operational risk management, and/or funds management background.
- CIA and/or qualified/partially qualified accountant preferred.
- Strong written and oral communication skills.
- Strong ‘big picture’ skills with the ability to interact with all levels of management.
- Cultural adaptability and ability to work in continually changing work environments.
