Performs risk-focused fieldwork, in accordance with Internal Audit policies, methodologies, and standards in order to identify meaningful issues, risks and other exposures in the area of the company being audited or reviewed. May be required to possess specialist skills if, for example, the auditor is being hired for Technology, Professional Practices or has a targeted role such as quantitative analysis for a Model Auditor or programming. Shadows and deputizes for Auditor III, in preparation for managing audit projects and conducting more complex audits. Tests financial, operational and other processes as per Audit. Conducts risk-focused audits that can have a negative impact on business continuity and makes conclusions on the level of residual risk. Appropriately analyzes control environments and develops effective audit steps to test controls where necessary in line with new methodology. Owns sections of the audit program and brings them to completion. Engages in Continuous Monitoring activities. Uses knowledge of financial institutions and all applicable regulatory requirements on a day to day basis. Learns business strategies, processes, and regulations (both on the job and through relevant training) and is alert to the changing nature of risk. Uses statistical or modeling computing software if applicable. Demonstrates newly acquired knowledge and skills through, for example, thoughtful analysis of business processes and issue identification, as well as discussions with the project leader and auditees. Viewed as an internal resource capable of creating and maintaining accurate and clear work documents, completing tasks on time, on budget, and accurately, and quickly learning new businesses, processes, and regulations. Has built a foundational understanding of core concepts in data analytics, relevant technology, the regulatory environment, the financial services industry, project management and business processes and can integrate these concepts into audit processes. Develops relationships with the Audit Project Leader, other Audit associates, and clients. Understands the sensitive nature of confidential information and uses it appropriately. Elevates potential audit issues to the AIC as soon as they are identified. Has demonstrated ability to articulate difficult concepts to others, adapting communication methods/approaches as necessary. Applies solid judgement and analytical skills, contributing to the development of innovative solutions to complex problems. Identifies inconsistencies with the control environment, regulatory requirements and best practices and initiates the development of a structure or solution to address the issue(s). Identifies opportunities for the use of automation and makes recommendations for software support requests. No direct reports. Demonstrates leadership through work guidance and training of less experienced peers and through advice to assigned clients. Job scope is limited to the accuracy and quality of incumbent's own work. Understands how audit teams integrate and contributes to the achievement of team goals. Modified based upon local regulations/requirements.
Bachelor's degree or equivalent combination of education and work experience required. Degree in Accounting, Finance, or relevant critical thinking specialty such as MIS, DIS, Computer Science, Mathematics preferred. Modelers - Masters in Mathematical Finance or advanced degree in Math, Statistics, Physics, Economics or Engineering preferred. 3-5 years of total work experience preferred. Prior experience in Audit or the relevant specialty area preferred. Additional core skill requirements include understanding of the applied and interpretation of analytics results for Audit, critical thinking and problem solving.