The Internal Auditor will report to the Director of Internal Audit and will assist in the planning and execution of audits across the firm. This will entail: planning efforts to obtain an understanding of business units; execution of 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, keeping it evergreen by identification of new activities, divestitures and significant changes to businesses.
• Assist in the development, communication and execution of the audit plan.
• Evaluate the control environment, identify control deficiencies, and communicate recommendations for corrective action.
• Supervise junior staff members in the execution of audits and other projects.
• Collaborate with executives of each business as well as staff in analyzing and assessing all business processes, risks and controls.
• Maintain and facilitate work-paper and reporting standards as well as provide maintenance of the Internal Audit Department’s data/workpaper repository.
• Perform pre-implementation reviews of significant new systems and business activities to assist management in the design of an adequate control environment.
• Perform periodic and ad hoc reporting relative to audit status and implementation of action plans developed as part of the audit reporting process.
• Providing oversight and feedback to audit staff assisting in audit execution (the department currently has 5 audit staff members and also utilizes a co-sourcing arrangement with select service providers as needed).
• Promote the department and develop strong relationships with business units.
• Review, analyze and recommend “best practices” potentially appropriate for Guggenheim and help to implement process changes and new technologies.
The following criteria is required for all candidates:
• Undergraduate degree, with solid financial management and auditing training. A CPA, CIA or CISA certification is also preferred.
• 8 to 10 years of experience as follows:
o Internal audit experience (minimum 5 years experience with some of that experience in a supervisory role).
o At least 6 years direct experience related to U.S. registered investment advisors.
o Previous external audit experience is a plus but not required.
• Strong documentation skills (ability to write succinct and cohesive Audit Reports and process narratives).
• A strong understanding of investment advisory/asset management-related business processes, including, but not limited to, portfolio management, trading, middle/back office operations (confirmation and settlement), risk management, valuation, accounting, client reporting, compliance.
• Ability to interview business unit members to extract process and control detail and reduce findings to succinct workpapers.
• Ability to oversee staff executing the audit workplan.
• Experience with a wide array of investment vehicles (mutual funds, exchange traded funds, closed end funds, hedge funds, CDOs, SMAs, etc) and financial products.
• Experience with organization of audit and workpaper documentation (experience with customization of 3rd party workpaper solutions, such as Thomson/Paisley’s GRC product, is desirable).
• Experience with broker dealer operations preferred.
• Possess outstanding intellect, outstanding intellect, analytical abilities, and self-confidence.
• Ability to anticipate and provide solutions to complex problems.
• Excellent written and oral communication skills.
• Possess a strong work ethic and unquestionable integrity.
• Ability to present in a clear and compelling manner to management.
• Must be willing able 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.
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.
• Assure that the audit work papers contain collaborating evidence to support the audit objectives and findings.
• Develop and document findings and recommendations in the audit report.
• 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.
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 March 31, 2013 and includes consulting services for clients whose assets are valued at approximately $37 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 26 offices in eight countries. For more information about Guggenheim Partners, visit guggenheimpartners.com.
Equal Opportunity Employer.
Guggenheim Partners - 17 months ago
Guggenheim Partners is a global investment and advisory firm with more than $210 billion in assets under management as of June 30, 2014....