Management Audit Job Description

Management Audit Job Description

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Management audit provides technical and professional support regarding applicable energy consumption and reduction throughout the corporation and ensures regulatory and company compliance via established auditing processes and risk analysis.

Management Audit Duties & Responsibilities

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

Sample responsibilities for this position include:

Lead and participate in audit engagements covering the Investment Management business including risk assessments, audit planning, audit testing, control evaluation, report drafting and follow-up and verification of issue closure
Perform continuous audit coverage and establish strong working relationships with key stakeholders within Investment Management, including functional supports (e.g., Operations, Finance) and other controls groups (e.g., Compliance, Risk)
Work closely with other regional business and information technology audit colleagues within the Asset Management team
Ensure audits are completed within specified timeframe and budgets and in accordance with departmental standards
Coordinate all activities during an audit to ensure the information provided is accurate, complete, and delivered on time
Provide a risk point of view to all activities to ensure all actions and communications are in the best interests of the customer and the business
Serve as interdepartmental liaison, interfacing with lines of business and staff functions such as Compliance, Legal, and other areas of Risk
Gather data and reporting
Design and implement internal governance processes within the Business Risk Office
Annual planning, risk assessment, and scheduling of Audit universe relative to risk management related functions

Management Audit Qualifications

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

Licensing or Certifications for Management Audit

List any licenses or certifications required by the position: CPA, CIA, CISA, CISSP, CFSA, PMP, CAMS, CRCM, CBA, ITIL

Education for Management Audit

Typically a job would require a certain level of education.

Employers hiring for the management 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, Economics, MBA, Education, Management, Computer Science, Business/Administration, Information Technology

Skills for Management Audit

Desired skills for management audit include:

Investment Company Act
OCC 12 CFR 9 and ERISA
Brokerage
Applicable laws and regulatory requirements banking and broker/dealer regulations
GAAS
PCAOB auditing standards
Products and services provided within an asset management business
U.S. GAAP
Auditing standards
Business and risk management processes

Desired experience for management audit includes:

Direct or lead business process and project audits, focusing on the operational components risk management, ensuring assessment activities are delivered in accordance with established audit methodology and operational standards
Assist the Risk Management Senior Director in developing and executing Audit’s risk management audit plan
Partner with Lines of Business audit teams to stay abreast of and influence risk management activities within the Lines of Business
Participate in industry forums/conferences to stay informed of evolving risk management practices, and adapt Internal Audit’s risk coverage accordingly
Create and deliver an Internal Audit risk management training program
Support execution and delivery of Audit’s annual risk management assessment requirement

Management Audit Examples

1

Management Audit Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of management audit. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for management audit
  • Conducting risk assessments of joint ventures, system developments and critical projects
  • Managing relationships with the Risk Management team and Senior Stakeholders from across the business
  • Monitoring the results, risk profile and developments within Wealth Management and providing input for planning sessions
  • Monitoring the risk profile of business areas assigned to you and suggest changes and additions to the audit plan as necessary
  • Monitoring the results, risk profile and developments within Wealth Management and provide input for planning sessions
  • Working on audits in different capacities throughout the year
  • Leading meetings with senior management at the local, global,and functional Group levels to present audit issues or discuss changing business environments
  • Effectively supervising audit team members
  • Monitoring the results, risk profile and developments
  • Ensuring the Internal Audit function has project governance and structure
Qualifications for management audit
  • Self-motivated and takes the initiative to driver delivery against objectives
  • Knowledge of the financial services industry and its regulations and legislation
  • Experience in managing the audits of insurance or investment management companies
  • Experience in managing audit teams
  • Experience in auditing medium to large sized companies
  • Experience in working in audit teams
2

Management Audit Job Description

Job Description Example
Our company is looking for a management 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 management audit
  • Execution and oversight over Change Assurance audits
  • Performing Quality Assurance reviews where applicable
  • Through the coordination / development of portfolio management analytics, you will be actively involved in the development and implementation of audit programs to assess the effectiveness of controls within the Wholesale / Commercial Credit portfolio
  • Act as a subject matter expert / resource person you will need to staying abreast of changes to Regulatory and Economic Capital and relevant or emerging Government / Supervisory regulations impacting wholesale audits
  • Assist in drafting each audit plan
  • Oversee and manage audit engagement projects as applicable, including identifying adequate audit resources / skill required to manage an audit team while maintaining and adhering to Internal Audit Standards, in the audit planning, execution and audit reporting
  • Have a strong background in Commercial Credit to be able to ensure the quality of Commercial Banking Credit Underwriting Standards and Borrower Risk Rating methodologies are being followed
  • Work with each business line to develop and implement continuous assurance processes
  • Build and maintain an effective work relationship with key auditee stakeholders ensuring they get maximum value from our engagement work
  • Provide consulting, advisory services or lead audits in an area of specialization that is consistent with your role to evaluate and improve the effectiveness of risk management
Qualifications for management audit
  • Strong understanding of Wealth Management business would be considered an asset
  • Knowledge of trends and best practices in Internal Control and Wealth Management
  • Ability to manage multiple competing priorities and tight deadlines
  • Monitoring the risk profile of business areas assigned
  • Preparing reports of audit findings for senior management at local, global, functional and Group level
  • Monitoring the results, risk profile and developments within Wealth Management Americas and Group Technology
3

Management Audit Job Description

Job Description Example
Our company is looking to fill the role of management audit. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for management audit
  • Executing audit fieldwork, testing the design and effectiveness of the controls
  • Collaborating with other SME teams including technology, credit and risk & compliance
  • Take part in the reporting stages of the audit, discussing audit findings with senior management
  • Continuously monitoring business developments and taking part in other ad hoc projects
  • Strong working knowledge of Information Security and Risk Management internal controls
  • Demonstrate ability to understand risk exposure and explain internal controls for complex processes and requirements
  • Ability to coordinate complex regulatory exams and internal audit activity end to end
  • Operate within a highly collaborative team environment to ensure exam and audit deadlines are met
  • Monitor corrective action and ensure implementation by deadlines
  • Evaluate when escalation of concerns to senior leadership for intervention if necessary
Qualifications for management audit
  • Exposure to wealth management, insurance and / or superannuation in an audit role
  • Knowledge of wealth management business operations and risk-based auditing attained through progressive work experience in a bank, registered investment advisor, or broker dealer
  • Experience and competency in client relationship management methodology and practices
  • Ability to manage projects and supervise auditors to follow sound internal control practices and to manage risks appropriately
  • Excellent written and oral communication skills, time management, organizational skills and must be detailed orientated but able to quickly grasp the big picture
  • Undergraduate or graduate degree in finance, economics, accounting, business management, or related field is preferred
4

Management Audit Job Description

Job Description Example
Our growing company is hiring for a management audit. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for management audit
  • Ability to influence completion of tasks above current level
  • Prepare reporting and deliver status and trending reports to senior leadership and the internal audit team via written reports and oral presentations
  • Participate in preparation of external assessment activities
  • Complete external assessment and RFP requests on behalf of ISRM
  • Design and execute internal control testing for entire audits or large supporting components
  • Leverage specialized knowledge and skills, providing management with insight into their area of subject-matter focus
  • Provide subject matter expertise relative to Capital Management, have an understanding of Basel II, 2.5, and III requirements
  • Draft the audit plan that ensures adequate coverage of all areas of Wealth Management Investments to permit the issuance of an overall opinion on internal controls and risk management practices to senior management
  • Maintain effective working relationship with key stakeholders ensuring they get maximum value from our work
  • Provide consulting and advisory services to evaluate and improve the effectiveness of risk management, control, and governance processes, providing the services do not represent a conflict of interest or detract from our mandate
Qualifications for management audit
  • Minimum 10 years experience required, including significant auditing experience with a major public accounting firm, or Blue Chip internal audit group
  • CPA, CMA, CISA, or international equivalent required
  • Proven financial, retail, consumer, supply chain or IT internal controls, auditing and reporting knowledge
  • Strong personal computer skills (Microsoft Office, ACL, AIS SAP, CAATS, Visio)
  • Strong project management skills necessary to manage all activity relating to multiple and simultaneous projects of a complex nature
  • Ability to develop effective one-to-one relationships with VF’s CFO and other members of VF’s Executive management, and senior members of Coalition or Group management
5

Management Audit Job Description

Job Description Example
Our company is hiring for a management 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 management audit
  • Construct and maintain a US IAS Regulatory “Risk & Control Matrix”
  • Point of contact for regulators (FRBNY, OCC, SEC, FINRA), for the US IAS, facilitating all US regulatory requests, reviews
  • Work closely across all US audit groups, within a matrix structure of all global IAS Executives, to meet US regulatory expectations
  • Act as Lead Auditor or Co-Auditor in the planning and performance of assigned internal audits
  • As Lead Auditor, lead opening and closing meetings and communicate concerns to the departments in scope
  • Provide input to and/or write, issue, and disseminate the audit report
  • Author and/or contribute to the writing of the annual internal audit report and annual internal audit plan, as assigned
  • Develop training materials for department and site personnel, as assigned
  • Mentor and train other QA Specialists in all aspects of the role
  • Achieve thoroughness and accuracy when accomplishing tasks with a high level of attention to details 
Qualifications for management audit
  • Minimum travel requirement of 25-30%, including some travel to Latin America
  • Be responsible for the delivery of the report and accounts to auditors
  • Maintain an excellent and interactive relationship with internal partners inclusive of Financial Reporting, Technology, Fund Accounting, Middle Office and Client Service
  • Strong internal/external audit, regulatory compliance or risk background
  • Wealth management industry knowledge would be a definite asset
  • Canadian Securities Course (or enrollment within 1 month of joining and completion within 1 year)

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