Associate, Internal Audit Job Description

Associate, Internal Audit Job Description

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Associate, internal audit provides enterprise-wide leadership for all financial reporting risk and control activities, including the SOX framework and management testing function This includes updating existing documentation on internal controls (Business Process and ITGCs), leading management testing of key controls over financial reporting and ensuring remediation of any controls deficiencies identified.

Associate, Internal Audit Duties & Responsibilities

To write an effective associate, internal audit job description, begin by listing detailed duties, responsibilities and expectations. We have included associate, internal audit job description templates that you can modify and use.

Sample responsibilities for this position include:

Assess financial reporting risks and recommend internal controls to mitigate these risks
Support and provide guidance to co-sourcing vendor performing internal controls operating effectiveness testing
Collaborate broadly across business and operational areas with senior management, Accounting, Legal, Compliance, Technology, and Human Resources in analyzing and assessing all business processes and risk controls
Communicating audit findings to the Internal Audit lead auditor and client management
Actively participating in all stages of the audit
Assisting in drafting clear and concise audit findings to bring any concerns to management’s attention
Drafting audit reports with some supervisory guidance
Comprehensive risk assessment and engagement planning
Developing, presenting and finalizing audit reports
Mentoring new hires

Associate, Internal Audit Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Associate, Internal Audit

List any licenses or certifications required by the position: CISA, CISSP, CPA, CIA, ACCA, ACA, CRISC, PMP, CISM, CFA

Education for Associate, Internal Audit

Typically a job would require a certain level of education.

Employers hiring for the associate, internal audit job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Computer Science, Economics, Business/Administration, Graduate, Information Systems, Engineering, MBA

Skills for Associate, Internal Audit

Desired skills for associate, internal audit include:

Understanding of COSO 2013
U.S. GAAP and compliance with internal controls and Sarbanes-Oxley/SOX
Back-office capital markets activities
Middle
Business processes
Financial instruments
Internal controls
Key financial instruments and derivative products and associated risks and controls
Understanding of key regulations that effect the broker dealer and investment banking industries
Contemporary risk management and control techniques and control frameworks

Desired experience for associate, internal audit includes:

Possibly Internal Audit Qualification (eg
Ideally a minimum of 5 years' experience in a relevant role, as an assistant supporting at senior management/managing director level, preferably within the financial services industry
Performing administrative duties as it relates to key responsibilities
Developing and maintaining relationships with Staff and Management
Assessing personal development needs
Reviewing actuarial models, methodologies, calculations, and assumptions for accuracy, reasonableness and consistency

Associate, Internal Audit Examples

1

Associate, Internal Audit Job Description

Job Description Example
Our growing company is looking for an associate, internal audit. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for associate, internal audit
  • Work with management to support the department’s data analytics efforts by performing data gathering, analysis and reporting of results in key areas to audit department and internal clients
  • Organize personal effort along with those of junior auditors to be risk-based, productive, and efficient at all times
  • Ensure best practices, standards and procedures of the Company are followed in all audit operations
  • Development of the annual audit plan in line with the firm's methodology
  • Planning and leading audits and managing teams on small engagements
  • Guiding and mentoring junior team members
  • Performs audit testing for specific areas as part of the overall audit effort
  • Partner with outside internal audit services provider in development and execution of our annual SOX compliance program
  • Coordinate SOX compliance activities with company departments, internal audit services provider, and external auditors
  • Manage the day to day relationships with external SOX and internal audit resources
Qualifications for associate, internal audit
  • Programming experience in quantitative and object oriented programming environments, Matlab, C/C++, Fortran, or SAS
  • Prior experience of implementing change within the Financial Services sector, gained either within a line role or in a consulting/advisory capacity within a professional services environment
  • Strong understanding of Practice management including project profitability, costing decisions, pricing proposals, estimating efforts and monitoring performance against the business plan and targets
  • Coaching and training junior team members and developing future leaders
  • Strong academic credentials - minimum 2.1 degree or equivalent, plus qualification from accounting body (e.g., CIMA, ACCA, ACA, CPA) with post qualification experience of at least 10
  • Internal audit / IFRS / SOX experience with a Big 4 / leading consulting firm / bank / investment management firm
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Associate, Internal Audit Job Description

Job Description Example
Our company is looking for an associate, internal audit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for associate, internal audit
  • Leading the execution of audits in Taiwan as per the local regulatory requirements
  • Preparing the annual audit plan based on local regulations
  • Responsible for routine declaration to local regulator
  • Coordinate with local stake holders for regulatory inspections
  • Maintaining business engagement with Taiwan management
  • Create and enhance Sarbanes-Oxley control documentation and lead periodic in-charge reviews
  • Prepare the assignment with the support of the team
  • Review auditors work using a show and tell approach to guide and adjust the audit strategy
  • Review identified findings to ensure accuracy and identification of the relevant root cause
  • Propose corrective action plans leveraging on good practices identified on other assignments
Qualifications for associate, internal audit
  • Internal Audit, External Audit of Finance experience at a Big 4 Accountancy Practice or within a Financial Services environment
  • Minimum of 1-3 years of experience in internal audit or finance analyzing processes and systems for the purpose of process improvement fraud prevention within an international development or consulting organization
  • Compliance Certification or other related certifications (i.e., CIA
  • Possesses intermediate accounting and finance knowledge
  • Bachelor's Degree required in Accounting or Finance from an accredited college or university
  • Certification eligibility preferred (CPA, CIA, CISA or CFE)
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Associate, Internal Audit Job Description

Job Description Example
Our company is hiring for an associate, internal audit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for associate, internal audit
  • Manage the follow-up of the action plan implementation for the audit you lead, supervised or were supervised by someone who left the department
  • Jointly with the Head of the hub, built relationship with the North America organization to help the follow-up, risk assessment and audit assignment execution
  • Supervise a Center of Expertise depending on your background, supervising the audit program up-dates, communication with Corporate functions on recurrent findings and control gaps
  • Participate to the hiring process and the hiring strategy definition
  • Participate in the development of the team talent development, including organizing relevant trainings by subject matter experts and key stakeholders
  • You will also have to communicate to drive changes on key findings observed locally
  • You will also be involved on global projects for the department
  • The resource will be responsible for the development of the Property Plant and Equipment (PPE) business process narrative for the Department of Veterans Affairs
  • The resource will be responsible for understanding how typical transactions in the PPE cycle impact the financial statements, including material GL accounts
  • The resource will be responsible for the development of the Canteen Services business process narrative for the Department of Veterans Affairs
Qualifications for associate, internal audit
  • Ability to travel (up to 50% annually if necessary)
  • Prior financial institution (bank or credit union) internal audit or examination experience
  • Past bank trust department or experience leading trust department reviews
  • Certified Trust Examiner (CTE), Certified Internal Auditor (CIA), CPA or MBA is preferred
  • Internal audit or bank/credit union regulatory background
  • Collaborating with clients, identifying and addressing client needs through building solid relationships with clients
4

Associate, Internal Audit Job Description

Job Description Example
Our company is growing rapidly and is looking for an associate, internal audit. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for associate, internal audit
  • Analyze the business processes to evaluate the design and effectiveness of the relevant controls by designing and executing tests to validate identified controls, which may require inspection, examination and re-performance of processes
  • Engage with audit team members to train, provide and receive updates to various data points for reporting
  • Engage with regional reporting representatives to ensure requirements are being met, where applicable
  • Engage with audit team members to compile and manage updates on applicability of Legal Entities to the Audit Plan
  • Identify areas for improvement in the reporting and metrics processes or output on an ongoing basis
  • Lead and participate in audit execution
  • Participate in forward-looking ad-hoc projects to support the business in providing insight on critical business decisions and implementations
  • Lead audit scoping and execution of the defined audit program steps, in accordance with applicable audit standards, to ensure that all risks and controls are identified and that all work is completed within the agreed time frame
  • Lead closing meetings with Senior Management and drive discussions about conclusions and next steps from the engagement
  • Direct and review the work performed by internal audit staff, including resources from a co-sourcing firm
Qualifications for associate, internal audit
  • Qualified Taiwan SITE internal auditor is a must
  • Excellent verbal and written communication skill in both English and Mandarin
  • Relevant experience in application technology audit, application development, SQA, information security, technology consulting or other relevant industry experience
  • Relevant Certification or industry accreditation (CISA,CISA, CISSP, etc) useful but not required
  • Ability to travel at least 50% when needed
  • Have excellent knowledge of IT and IT system functioning
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Associate, Internal Audit Job Description

Job Description Example
Our innovative and growing company is hiring for an associate, internal audit. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for associate, internal audit
  • Maintain and update all key ICFR documentation for the company to reflect current business processes
  • Communicating decisions, priorities and relevant project information to team members
  • Tracking, compiling and reporting KPIs
  • Performing special projects, investigations, and other duties as assigned
  • For each assigned review you will report to an experienced project manager
  • Analyze the design of controls around the underlying process and its impact on the business
  • Represent the Audit Department within the Organization, solidifying Audit as a trusted business advisor and help manage risks for the company
  • Prepare commercially effective audit conclusions and findings, and present to IA senior management and business clients - Follow-up on open audit issues and their resolution
  • Develop and maintain an in-depth technical knowledge of modeling – both theory and coding
  • Critical review of models including their conceptual soundness, documentation, code implementation accuracy and independent validation
Qualifications for associate, internal audit
  • Attend and participate in client and internal meetings associated with the data analytics work
  • Working knowledge of databases such as ACL, SAS, Teradata, Oracle, DB2, SQL Server
  • Execute the following tasks with minimal oversight from the Audit Supervisor or Data Analytics Manager (when applicable)
  • Assist Audit Associate in understanding their roles and responsibilities
  • Minimum two years of IT internal audit or related experience
  • Three to five years of experience in auditing capital markets or risk management in a bank or broker / dealer regulated environment, as the individual must have a good understanding of the financial services industry

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