Internal Audit Manager
Posted on Feb 21, 2020 by Guggenheim Partners
Guggenheim is seeking an exceptionally organized and detail oriented candidate to join the Internal Audit Team. The Internal Auditor will report to a Head of Audit and will assist in the planning and execution of audits across the firm. This will entail researching business units and services they engage in and identifying relative risks; executing fieldwork, including business unit interviews; documentation and testing of processes and controls; and, assisting in the drafting and vetting of findings, issues and related actions plans.
The successful candidate will have ten to fifteen years of audit experience. They will also possess outstanding intellect, analytical abilities, and self-confidence. S/he must have the proven ability to anticipate, and provide solutions to, complex problems. In addition, the successful candidate will have a strong work ethic and unquestionable integrity, possess excellent communication skills (oral and written), and be capable of presenting in a clear and compelling manner to management.
This position is located in New York. This role will require some domestic travel, primarily to Chicago, Rockville, MD. and Santa Monica, though travel to other locations may be required.
Specific Responsibilities Include
- Assist in the maintenance of a dynamic audit universe, providing updates to the risk assessment and keeping it evergreen by identifying new activities, divestitures and significant changes to businesses.
- Conduct formal audits identified by Internal Audit management across the full spectrum of the audit cycle of planning, fieldwork and reporting. This includes:
- Identification and evaluation of key processes, risks and controls;
- Preparation of audit programs and other procedures to test controls; and,
- Preparation and communication of action plans to remediate control deficiencies.
- Establish and maintain relationships with stakeholders, at all levels, within the business lines and control functions.
- Monitor and report on the disposition and status of action plans and conduct substantive tests of compliance, as necessary.
- Collaborate with others in Internal Audit and across the firm on risk and control related initiatives.
- Perform pre-implementation and post-mortem type reviews, as necessary.
- Keep abreast of industry and product specific developments and raise any risk and control related topics of interest to Internal Audit management.
- Promote the department's value proposition.
Skills & Experience Required
- Ten to fifteen years of experience working as an auditor covering complex and highly regulated financial service firms; substantial experience in asset management (either at a buy-side shop or within the asset management division of a diversified financial services organization) is required. Ideal candidate will also have some experience with information technology (IT) audit as it relates to IT general controls (application and infrastructure).
- Understanding of registered investment adviser and broker dealer business functions, processes and risks, including a strong appreciation for the regulatory framework.
- S/he will have an undergraduate degree, with solid financial management and auditing training. A CPA, CIA or CISA certification (or pursuing) is preferred.
- Must understand internal auditing theory and techniques, including types of controls and testing procedures as well as related work paper standards.
- Strong organizational and documentation skills (ability to write succinct and cohesive process narratives, issue statements, findings and action plans).
- Strong oral communication skills and confidence.
- Ability to take direction and execute successfully with minimal supervision.
- Healthy skepticism and strong aptitude for precision.
- Strong stakeholder interview skills - preparation in framing questions, anticipating answers and follow-up questions.
- Ability to learn quickly and research topics and risks germane to areas under audit.
- Solid understanding of Excel, PowerPoint, Visio, Access and common internal audit work paper tools (i.e., automated work papers).
- Understanding of logical access, change management, data integrity and business continuity controls.
- Aptitude to develop both technical and soft skills in a growing organization.
In addition, the ideal candidate will demonstrate the ability to:
- Understand and apply the concepts of operational, financial and regulatory risks and controls across the financial services industry and for varied financial instruments.
- Analyze issues and develop and execute plans that contribute to significant improvements in financial and operational performance and risk reduction.
- Collaborate with management, peers, and subordinates in the furtherance of achieving mutually beneficial outcomes.
- Assess, evaluate and recommend practices that mitigate risks.
- Deploy creative problem solving.
- Take ownership of processes and improve them.
- Excel in a dynamic and fast-paced work environment.
- Willingness / ability to travel - primarily domestic (Santa Monica, Chicago, Rockville, MD.) but other travel may be required.