Internal Audit Associate Job Description

Internal Audit Associate Job Description

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Internal audit associate provides data analytics and other support to Internal Audit’s Financial & Business Processes and Information Technology groups;.

Internal Audit Associate Duties & Responsibilities

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

Sample responsibilities for this position include:

Provide high quality, professional day-to-day execution of internal audit engagements and projects in line with firm risk management practices for a large healthcare client
Preparation of the audit testing program and assessment of the adequacy of the design and operation of the controls associated with the key risks identified, which may require data analysis, code inspection and re-performance of system processes
Responsible for assisting and supporting the team on all planned audits, that includes financial, operational, retail, compliance and information technology audits
Responsible for execution of the individual audits
Operational audits which will include general control review of operations and end to end process reviews
Proven ability to be able to multi task asses and change priorities
Provide guidance to Managers during audit assignments
Lead discussions with auditees and business leaders regarding audit observations, consulting with the Director where necessary
Build relationships with auditees and business management on each audit and develop ongoing relationships with key stakeholders in aligned business area
Consistently apply BIA methodology, developing an audit approaches which are innovative, focused on key risks and controls and have efficient test strategies

Internal Audit Associate Qualifications

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

Licensing or Certifications for Internal Audit Associate

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

Education for Internal Audit Associate

Typically a job would require a certain level of education.

Employers hiring for the internal audit associate 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 Internal Audit Associate

Desired skills for internal audit associate include:

Auditing concepts with relevant experience
Data analysis
Financial services
Insurance process
Team discussions related to audit scope
Testing approach
Basic financial instruments and products
Form of suggestions to improve Internal Audit processes and to help other department members meet Internal Audit’s mission
Generally accepted accounting principles
Healthcare

Desired experience for internal audit associate includes:

Certified Internal Auditor degree is a plus
Strong computer skills (especially MS Office products)
Experience and knowledge in risk management
Internal Audit planning
The ability to assess risk in a wide range of operations and activities and suggest pragmatic risk mitigation activities
Leading the Internal Audit planning process for the assigned divisions, including the preparation and discussion of the annual internal audit plan and the scheduling of audit assignments and assigned resources

Internal Audit Associate Examples

1

Internal Audit Associate Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of internal audit associate. 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 internal audit associate
  • Work extensively with External Auditors to assist with SOX and year-end substantive testing
  • Participate in risk-based scoping and coverage and process mapping
  • Assist with documenting SOX processes in scope
  • Design SOX control test plans related to internal control over financial reporting
  • Assist with the Fraud Risk Framework
  • Communicate and coordinate with process owners and external auditors
  • Assist with various Internal Audit projects, including corporate audits
  • Support Managers on other day-to-day planning activities, as requested
  • Communicate assigned tasks to engagement team in a manner that is clear and concise ensuring high quality, accurate, and efficient results
  • Keep Engagement Manager informed regarding the status of audits/evaluations in the progress, and target engagement completion
Qualifications for internal audit associate
  • Strong academic background with a minimum PhD degree Mathematics, Statistics or a related quantitative discipline
  • Undergraduate degree in business including finance, accounting, economics
  • Prior track record of providing insights, developing workable solutions and then deliver on those improvements
  • Demonstrate knowledge of client decision making and support processes and key client business drivers
  • Strong communication skills and able to articulate and ability to develop relationships and convey the need for change in an inspiring way
  • Strong project management capabilities and prior experience of key account management
2

Internal Audit Associate Job Description

Job Description Example
Our company is growing rapidly and is hiring for an internal audit associate. 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 internal audit associate
  • Schedule and facilitate process walkthroughs, create process flows, and identify relevant SOX controls
  • Participate in the development of control evidence expectations and SOX testing plans
  • Analyze and document SOX issues, including root cause analysis, control failure identification, level of significance assessment for deficiencies and remediation plans
  • Prepare and/or review reports that identify control weaknesses and the resulting residual risks and best practice recommendations to management
  • Communicating audit findings to the Internal Audit lead auditor/manager and client management
  • Assisting in the planning and execution of operational, financial, information technology, administrative, compliance and trust administration internal audits and consultations
  • Performing continuous compliance monitoring and oversight of trust administration
  • Tracking and closing open audit recommendations
  • Assisting in the tracking and analysis of incident reports and errors
  • Other general audit-related roles and responsibilities
Qualifications for internal audit associate
  • Solid knowledge of Private Wealth Advisory/Private Banking, or Asset Management, or Private Equity businesses and supporting activities
  • Preferably CPA / CA / CIA Qualified, Degree in Accounting or Finance
  • Professional designations or a candidate for one (CPA, CIA, CISA, CISM)
  • Must possess a high degree of integrity and confidentiality, ability to adhere to both company policies and best practices
  • 3+ years of Assurance/Audit within a Public Accounting firm, Risk Advisory Services, or Internal Audit Experience
  • Strong understanding of internal audit, internal control reviews/process and information systems risk assessments
3

Internal Audit Associate Job Description

Job Description Example
Our growing company is hiring for an internal audit associate. 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 internal audit associate
  • Conduct the opening and closing meeting
  • You are responsible for completing your own Audit Steps depending on team size
  • Be the contact point for the supervisor usually the Hub Head during the fieldwork
  • After fieldwork
  • Prepare the draft audit report to be reviewed by the supervisor
  • Ensure that the audit documentation is completed as per defined standards
  • Review the proposed action plan by the auditees to ensure they will remediate identified risks
  • Provide feedback to each team member to develop them
  • Contribute to the follow-up of the agreed action plan
  • Provide assistance and individual advice to the audit team
Qualifications for internal audit associate
  • Knowledge of key financial instruments and derivative products and associated risks and controls
  • 4-5 years experience in internal or external audit (previous experience in Big4 is a plus), as advantage would be considered the background in Marketing/ Sales/ Supply Chain
  • Master’s or Bachelor’s degree in finance/accounting, engineering or a similar field
  • Excelent analytical skills
  • Excelent communication skills, both written and verbal
  • Up to 40 -50% across Europe, CIS & META
4

Internal Audit Associate Job Description

Job Description Example
Our innovative and growing company is looking for an internal audit associate. 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 internal audit associate
  • Assesses inherent business risks and perform risk assessments at the audit entity and process level
  • Prepares audit planning documentation, conducts walkthroughs, and assesses the internal control environment through control and substantive testing
  • Evaluates the adequacy and the effectiveness of key controls and potential business concerns by analyzing available documentation and asking insightful questions to identify root causes and draw the appropriate conclusions
  • Develops and documents audit findings in a clear and concise manner, communicates observations to line management and secures formal management responses to audit recommendations for inclusion in the Audit Report
  • Arranges follow-up meetings concerning open audit actions with line management quarterly
  • Contribute to the production of ad-hoc reporting (e.g., regulatory reports, C-Level decks, Policy attestations)
  • Contribute to the production of monthly metrics and business unit reporting
  • Review metrics data to ensure data integrity and compile updates on open audit issues
  • Engage with audit team members to provide and receive updates to various data points for reporting purposes
  • Track and manage reporting timelines and expectations
Qualifications for internal audit associate
  • As a team member, creating or contributing to a positive working environment through building solid relationships with team members by understanding personal and team roles, proactively seeking guidance, clarification and feedback
  • At least two years of applicable experience is required for the Internal Audit Associate
  • Maintain the highest standards of professionalism and independence in the execution of duties with the highest level of integrity and quality
  • Excellent interpersonal skills, including the ability to interact effectively with client and business process owners MCAAS colleagues
  • Understanding of information technology and ability to use various applications and systems
  • Attention to detail and the ability to multi-task are essential to this position
5

Internal Audit Associate Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of internal audit associate. 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 internal audit associate
  • Follow up with business stakeholders on the status of outstanding internal audit issues
  • Assist in investigations to research specific issues or allegations
  • Lead teams by example, be a career coach and mentor of Ethics developed by the Institute of Internal Auditors and International Financial Reporting Standards (IFRS) is essential
  • Executing financial, operational, compliance and regulatory reviews/audits
  • Conducting risk assessments and identifying controls needed to mitigate identified risks
  • Communicating to appropriate audience the audit scope, protocol, status, issues, risks and recommendations via written reports and presentations
  • Analyzing and concluding on effectiveness and efficiency of controls in the organization
  • Documenting effective audit procedures
  • Assessing and identifying risks by applying business/technical/industry knowledge, and escalating to appropriate managers, as and when needed
  • Developing and managing productive and collaborative relationships with designated audit customers and other key stakeholders
Qualifications for internal audit associate
  • Strong communication skills including negotiation and influence at a senior level
  • Opportunity to support the regional COO
  • Advanced understanding of financial instruments and asset management processes and risks are a plus
  • Have knowledge on process study/improvements
  • Have good understanding of COSO Framework & SOX requirements
  • Execute the following tasks with oversight from the Audit Supervisor, Lead, or Data Analytics Manager (when applicable)Complete assigned data analytics tasks using department tools, standards, and guidelines within established timetables with high quality results

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