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Senior Auditor (Internal Audit), Associate Director

Jersey City, NJ 07310

Post Date: 02/15/2018 Job ID: 1959 Industry: Accounting/Finance

Senior Auditor (Internal Audit),  Associate Director

Our client  is the premier post-trade market infrastructure for the global financial services industry. They are adding a Senior Auditor to their Internal Audit team located in Jersey City, NJ.

Business Unit Description:

Internal Audit provides independent, objective assurance and advisory services of company policies and procedures to assist the enterprise in maintaining an effective system of internal controls. Internal Audit supports the Boards of Directors in oversight of the governance, risk and control framework.


Position Summary:

The Senior Auditor position is predominantly focused on leading audit projects covering Asset Services and Settlement products by supporting all phases of the audit lifecycle under the guidance of a Team Leader and by managing and directing the daily activities of individuals assigned to work on those audit projects.


Specific Responsibilities:

Strategic Control Impact
  • Assesses the risk and control environment for processes within coverage areas
  • Identifies meaningful issues, and increases the velocity and sustainability of the mitigation plans and processes
  • Differentiates and articulates issues based on severity
  • Establishes ongoing relationships with managers in the businesses or functions covered
  • Works with business stakeholders to develop specific, measurable, achievable, realistic and timely (SMART) action plans to remediate control issues
  • Works closely with auditees to verify timely progress and completion of agreed action plans and to the completion of those action plans
  • Contributes to the development and execution of a continuous monitoring program for the businesses or functions covered
  • Understands the financial services industry and has knowledge of regulatory requirements such as Covered Clearing Agency Standards

Audit Execution
  • Leads all phases of an audit and provides guidance to junior staff to ensure that audit projects are completed effectively, on time, and within the allocated budget.
  • Possesses and demonstrates a strong understanding of audit techniques
    Creates an effective risk-based audit program
  • Independently oversees and contributes to the completion of risk-focused audit fieldwork, notifying the Team Leader promptly of issues that arise or when budgets or timelines are at risk
  • Effectively communicates throughout the audit lifecycle while translating complex concepts and potential issues clearly with root cause analysis
    Assists the Team Leader with annual risk assessment and audit planning

Quality Process
  • Demonstrates a strong knowledge of policies and procedures, particularly work paper documentation standards
  • Independently prepares and reviews work papers, ensuring they fully comply with IAD policies and procedures
  • Participates in IAD continuous improvement initiatives

Individual and Team Development
  • Proactively seeks opportunities to develop and broaden his or her professional skills and knowledge of audit techniques and methodologies, and of the products and functions within coverage areas
  • Demonstrates a strong commitment to teamwork by demonstrating a willingness to assist peers and supervisors
  • Seeks feedback for improvement and effectively applies that feedback to continuously improve
  • Coaches and mentors more junior team members
  • Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.

  • Minimum 5  years of related experience audit or risk management is required. Background particularly in market, credit, liquidity, quantitative/model risk management would be desirable.
  • A Graduate degree from one of the following or related fields is strongly preferred: Mathematics, Statistics, Engineering, Economics, Finance, or one of the physical sciences.
  • Beneficial, but not required, are certifications related to the incumbent’ s coverage responsibilities, such as Certified Public Accountant, Certified
  • Fraud Examiner, Certified Internal Auditor, Certified Information Systems Auditor, Certified Financial Analyst, or Certified Anti-Money Laundering Specialist.
  • Previous internal or external audit experience is ideal, but not required. 
  • Previous job experience for this position can and should vary greatly to meet the department’ s goal of having a team with diverse perspectives and work experiences.
  • The incumbent for this particular position would benefit from having a background in financial services, particularly in securities clearance and settlement, corporate actions, and/or securities processing.


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