The Internal Auditor will report to an Internal Audit Manager and will assist in the planning and execution of audits across the firm. This entails researching business units and services they engage in and identifying relative risks; executing fieldwork, including business unit interviews and documentation and testing of processes and controls; assisting in the drafting and vetting of findings, issues and related actions plans.
Roles and Responsibilities:
• Assist in the maintenance of a dynamic audit universe, providing updates to the risk assessment and keeping it evergreen by identifying new activities, divestitures and significant changes to businesses.
• Conduct formal audits identified by Internal Audit management across the full spectrum of the audit cycle of planning, fieldwork and reporting. This includes:
o Identification and evaluation of key processes, risks and controls.
o Preparation of programs and other procedures to test controls.
o Preparation and communication of action plans to remediate any control deficiencies.
• Establish relationships with business line and control functions at all levels.
• Monitor and report on the disposition and status of action plans and conduct substantive tests of compliance as necessary.
• Collaborate with others in Internal Audit and across the firm on risk and control related initiatives.
• Perform pre-implementation and post-mortem type reviews as necessary
• If applicable, supervise junior staff members or co-souring professionals in the execution of audits and other projects.
• Keep abreast of industry and product specific developments and raise any risk and control related topics of interest to Internal Audit management.
• Promote the department’s value proposition.
The following criteria are required for all candidates:
• Seven to ten years of experience working as an internal auditor in a complex financial service firm with a concentration in activities conducted in a SEC registered Broker Dealer or SEC registered Adviser. Previous external audit experience is a plus but not required.
• Must understand internal auditing theory and techniques, including types of controls and testing procedures and related workpaper standards.
• Strong organizational and documentation skills (ability to write succinct and cohesive process narratives, issue statements, findings and action plans).
• Strong oral communication skills and confidence.
• Ability to take direction and execute successfully with minimal supervision.
• Understanding of either U.S broker dealer or investment advisory/asset management related business functions, processes and risks, including a strong appreciation for the regulatory framework. Having both is a plus.
• Healthy skepticism and strong aptitude for precision.
• Strong interview skills – preparation in framing questions, anticipating answers and follow-up questions.
• Ability to learn quickly and research topics and risks germane to areas under audit.
• Solid understanding of Excel, PowerPoint, Visio, Access and common internal audit workpaper tools (i.e., automated workpapers).
• Aptitude to develop both technical and soft skills in a growing organization.
• Has demonstrated supervisory skills – principally in the context of managing a project.
The successful candidate will possess outstanding intellect, analytical abilities, and self-confidence. S/he must have the proven ability to anticipate and provide solutions to complex problems. In addition, the successful candidate will have a strong work ethic and unquestionable integrity, possess excellent communication skills (oral and written), and be capable of presenting in a clear and compelling manner to management.
Additionally, the successful candidate will demonstrate the ability to:
• Understand and apply the concepts of operational, financial and regulatory risks and controls across the financial services industry and for varied financial instruments.
• Analyze issues and develop and execute plans that contribute to significant improvements in financial and operational performance and risk reduction.
• Collaborate with management, peers, and subordinates in the furtherance of achieving mutually beneficial outcomes.
• Assess, evaluate and recommend practices that mitigate risks.
• Deploy creative problem solving.
• Take ownership of processes and improve them.
• Excel in a dynamic and fast-paced work environment.
• S/he will have an undergraduate degree, with solid financial management and auditing training. A CPA, CIA or CISA certification is also preferred.
• Willingness / ability to travel – primarily domestic (Chicago, Washington D.C, Santa Monica) but other travel may be required.
• Must successfully pass a background check.
• Located in New York office.
Compensation: Base salary plus discretionary bonus.
Guggenheim Partners is a privately held global financial services firm with more than $180 billion in assets under management as of June 30, 2013 and includes consulting services for clients whose assets are valued at approximately $39 billion.
We provide asset management, investment banking and capital markets services, insurance, institutional finance and investment advisory solutions to institutions, governments and agencies, corporations, investment advisors, family offices and individuals.
We are headquartered in New York and Chicago and serve our clients from more than 2
6 offices in eight countries. For more information about Guggenheim Partners, visit guggenheimpartners.com.
Equal Opportunity Employer.
Guggenheim Partners, LLC. - 10 months ago
Guggenheim Partners, LLC is a privately held global financial services firm with more than $180 billion in assets under management. The firm...