Internal Audit Specialist - Model Risk Management - Internal Audit

The Model Risk Management Audit Specialist works in the Risk Management Audit Team within the Internal Audit Department (IAD) and is responsible for supporting and assisting with the management of audits related to model risk management, including annual and continuous audits, reviewing and approving audit work papers, tracking outstanding audit/regulatory observations, and training audit staff.

Key Responsibilities:

  • Focus on model risk management (*MRM*) as a specialist with subject matter expertise, facilitating audits focused on MRM governance, model validation, model development documentation, ongoing model monitoring and evaluation, policies and procedures, as well as technical support involving quantitative and qualitative models of varying complexity and application.

  • Use of technical expertise to evaluate risks throughout engagements to ensure significant risk areas are adequately and appropriately tested.

  • Use subject matter expertise to additionally support audits in the Risk Management space, including Interest Rate and Liquidity Risk Management, CECL and other audits involving the use of models. Facilitate IAD's examination and assessment of models utilized, including identification of risks and weaknesses as well as controls to manage model deficiencies.

  • Be the primary source of IAD knowledge and expertise in the model risk management space, including technical understanding of model methodologies and rationales, industry practices, risks and controls.

  • Assist the Audit Directors in the development of the Audit Plan and performance of risk assessments within the MRM space.

  • Keep the Audit Directors and other IAD management informed of control weaknesses and emerging risks, regulatory concerns, thematic issues, and developing methodologies and technology in model-related areas.

  • Represent IAD as subject matter specialist for MRM in attendance of meetings and presentations, as well as interactions with regulatory institutions.

  • Support and engage in audits, including planning, risk and control evaluation, design of audit programs and testing procedures. Ensure that audit work is performed effectively and timely, and relevant control weaknesses are identified and reported.

  • Help ensure audit work papers have been reviewed and documentation meets IAD and professional standards. Support preparation of written audit reports that are clear and concise.

  • Effectively communicate findings to business area and IAD management on a regular basis (both orally and written) in a manner that helps them understand the risk/control issues.

  • Effectively track and assist in the validation of audit and regulatory issues in model and risk management areas. Provide formal and informal training to IAD personnel and other colleagues as needed, including feedback and supportive coaching in model-related areas.

  • Work constructively with other functions or department. Performs special projects, and additional duties and responsibilities as required.

Qualifications:

  • Advanced degree (Master's or Doctorate) in a quantitative field, e.g. statistics, mathematics, engineering, physics, mathematical finance or related fields.

  • Eight years' experience in financial services industry or areas involving model development or assessment.

  • Experience in internal audit, risk management or risk oversight functions is desirable.

  • Comprehensive knowledge of model methodologies and quantitative techniques.

  • Awareness of model governance issues and impact of models on institution performance and viability.

  • Excellent verbal, written and interpersonal communication skills. Strong analytical skills.

  • Ability to work with all levels of staff and management.

    Click here to apply

 

Financial Analyst - Valuations - Private Equity

The Financial Analyst will assist with quarterly valuations of portfolio companies; portfolio monitoring, including capturing portfolio company financial information and preparing various analysis thereon; assisting with quarterly reports to limited partners on portfolio company performance and other special projects as assigned.  The Financial Analyst will work closely with members of the firm’s investment team and other members of the firm’s finance team.

Key Responsibilities:

  • Assist with the preparation of quarterly valuations:

  • Update key assumptions for calculations

  • Update public company comparables

  • Assist associates with updating portfolio company valuations

  • Assist with preparation of quarterly valuation report to send to valuation committee including comparison of key valuation metrics to prior quarter valuations

  • Assist with portfolio company monitoring:

  • Liaise with associates and portfolio companies to obtain quarterly portfolio company financials and upload on SharePoint

  • Maintain schedule of key portfolio company metrics

  • Respond to investor requests as needed

  • Assist with preparation of the quarterly and annual letters

  • Assist with providing information and researching questions regarding valuations in connection with the annual audit of the funds’ financial statements

  • Assist with special projects

Qualifications:

  • A bachelor’s degree in Finance or Accounting

  • 2-4 years of relevant experience

  • A proven track record of academic and professional excellence

  • Strong analytical skills

  • Solid understanding of financial statements, accounting concepts and financial modeling (DCF Models)

  • Strong interpersonal skills

  • Ability to work in dynamic environment

  • Excellent organizational skills and attention to detail

  • Advanced knowledge of Excel, Power Point and Word

Click here to apply

Audit Vice President - Internal Audit

This company is seeking an exceptionally organized and detail-oriented candidate to join the Internal Audit group. This position reports to the Head of Audit for Shared Services 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.

Key Responsibilities:

Lead audits and projects across the full spectrum of the audit cycle of planning, fieldwork and reporting. This includes:

  • Planning – identification and evaluation of key processes, risks and controls, preparation of audit programs and other procedures to test controls;

  • Executing fieldwork – leads stakeholder interviews, documentation (e.g., process narratives, walkthroughs, testing, etc.) and testing of processes and controls;

  • Reporting – draft audit findings, issues and related actions plans, with minimal oversight and edits from IA Management team.

  • Preparation and communication of action plans to re-mediate any control deficiencies, including influencing relevant stakeholders.

  • Takes ownership and accountability of key deliverables, including Audit Announcement Memo, Audit Planning Memo, and audit reports

  • Monitors budget slippage and other key metrics (e.g., 100-day rule) and takes correction actions, including timely escalation to IA Management

  • Establishes and owns relationships with leadership teams in the shared services / holding functions (e.g. accounting, financial reporting & analysis, central compliance, tax, human resources, legal & compliance, etc.)

  • Monitors and reports on the disposition and status of action plans and conducts substantive tests of compliance as necessary

  • Takes ownership and accountability for some components of the audit universe, providing updates to the risk assessment and keeping it evergreen by identifying new activities, divestitures and significant changes to businesses

  • Participating in IA’s annual risk assessment and planning process, including proposing audits, budgets, etc.

  • Supervises junior staff members or co-souring professionals in the execution of audits and other projects

  • Keeps abreast of industry and product specific developments and raise any risk and control related topics of interest to Internal Audit management

  • Promotes, and is an ambassador of, the department’s value proposition

  • Continuously fosters relationships with coworkers and clients

Qualifications:

  • At least seven years of experience working as an auditor covering shared services/holding company functions (e.g. accounting, financial reporting & analysis, tax, human resources, central compliance, etc.) for financial service firms.

  • Public accounting or consulting firm experience a plus (focused on internal audit services, external audit services, or risk-based consulting)

  • Good understanding of processes and risks of shared services functions

  • Exceptional organization skills and attention to detail

  • Possesses outstanding intellect, analytical abilities, and self-confidence

  • Proven ability to independently anticipate and provide solutions to complex problems

  • Strong work ethic and demonstrates personal commitment to work and team’s success, and leads by example

  • Strong communication and influencing skills (oral and written), confident and capable of presenting in a clear and compelling manner to stakeholders

  • Strong understanding internal auditing theory and techniques, including types of risks, controls and testing procedures as well as related work paper standards

  • Excellent writing and documentation skills (ability to write succinct and cohesive process narratives, issue statements, findings and action plans)

  • Strong multi-tasking abilities between audits/projects while working independently and within a group environment

  • Ability to take direction and execute successfully with minimal supervision

  • Display a healthy skepticism and strong aptitude for precision

  • Ability to learn quickly and research topics and risks germane to areas under audit

  • Solid understanding of MS Word, Excel, PowerPoint, Visio, Access and common internal audit work paper tools (i.e., automated work papers)

  • Aptitude to develop both technical and soft skills in a growing organization, takes advantage of learning opportunities

  • Can independently analyze issues and develop and execute plans that contribute to significant improvements in financial and operational performance and risk reduction

  • Can independently evaluate the adequacy of the controls in the context of relative risks to area under audit

  • Receives and provides coaching well and applies comments going forward

  • Proven track record of supervising junior level auditors, including coaching and providing feedback in the performance evaluation process

Click here to apply

Associate - Product Control - Commercial Real Estate

The CCRE Financial Analyst is an integral member of the CCRE Finance team participating in CCRE’s finance, accounting, treasury and operations processes and controls, as well as internal and external financial reporting.


Key Responsibilities:

  • Analyze monthly financial data and make sure all monthly activity has been recorded and reconciled

  • Daily liquidity analysis and reporting

  • Support key business activities – loan originations, securitizations, financing, invoice payment and managing vendor relationships

  • Day – to – day management of loan funding process that allocates loans to repo / warehouse lines and managing timing between origination, financing and loan sales

  • Assist in the preparation of financial statements for external financial reporting in compliance with US GAAP

  • Provide support to finance management and other internal customers as needs arise, including adhoc financial analysis and special projects

  • Assist in preparation of monthly, quarterly and annual close presentations for Management


    Qualifications:

  • Bachelor’s degree in Accounting or Finance

  • Related experience in the financial accounting group of a financial services company is a plus

  • Advanced analytical and Excel capabilities, project management skills, and ability to multitask

  • Critical thinking, team oriented views, attention to detail, communication skills, business writing, project management and people management skills are critical to this position

    Click here to apply

SVP - Regulatory Policy - Investment Bank

Key Responsibilities:

• Drive transition of reports to the AgileREPORTER tool, utilizing the current production processes

• Strategically reconcile report production and build methodology to efficiently resolve reporting anomalies throughout the regulatory reports generated on an automated basis

• Drive preparations for connecting the future centralized data warehouse (multi-year project) to the AgileREPORTER tool.

• Help identify areas for consolidations of manual inputs.

• Help with miscellaneous projects assigned by manager that require vast subject matter expertise.

• Partner closely with the Regulatory Reporting, Regulatory Data Requirements and Remediation Change Management teams within the Enterprise Financial Reporting group

  • The successful candidate will be an experienced leader, highly motivated team player and a self-starter who is accustomed to working in complex organizations, partnering with a diverse group of stakeholders, and achieving results.  Additionally, the candidate should possess professional presence and be accustomed to presenting material to senior executives and regulatory agencies.  The candidate should be flexible, be able to withstand challenges and adapt accordingly.

 

Skills:

• Deep understanding of financial products (e.g., loans, securities, derivatives, etc.)

• In-depth knowledge of line-item specific regulatory reporting guidance

• Ability to document conclusions with well-founded supporting basis for policy decisions

• Understanding of financial institution systems and general architecture

• Analytical thinking with focus on anticipation of potential issues

• Detail oriented with planning foresight across multiple functions

• Strong communication skills

Qualifications:

• 7+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting

• 2+ years of management experience

• A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting

• Ability to successfully operate in a complex and matrixed environment

• Experience managing teams of more than five team members

• Ability to lead projects/initiatives with high risk and complexity

• Ability to organize and manage multiple priorities

• Highly refined and professional verbal and written communications

• Knowledge and understanding of regulatory reporting: Federal Reserve, OCC, and SEC

• Knowledge and understanding of corporate governance, financial reporting systems, legal entities, and role of regulatory authorities

• Knowledge and understanding of capital markets: business and processes

• Strong analytical skills with high attention to detail and accuracy

• Strong research and documentation skills

• Management consulting experience at a top-tier consulting firm

• Experience with Oracle Financial Services Analytical Applications (OFSAA)

• Knowledge and understanding of Lombard Risk AgileREPORTER software

• Experience with general ledgers and accounting policies

• Experience presenting with multimedia tools such as Live Meeting or PowerPoint

• Advanced Microsoft Office skills

Other Desired Qualifications:

 • Product knowledge in some or all of the following areas (loans, debt, derivatives, securities, repurchase agreements, securities lending, commodities, cash equities trading, credit trading, securities, etc.)

• Broad financial product knowledge throughout the banking and capital markets industry inclusive of investment banking, asset-backed financing, equity investments, etc. 

• Ability to convey key messages to senior leaders through PowerPoint presentations

• Experience with bank capital calculations, processes, and reporting

• Experience with Agile methodology of project delivery

• CPA certification

• Experience with large financial institutions

Click here to apply


Director - SEC Reporting - Investment Bank

As a member of the SEC Reporting Group, you will be involved in the preparation of the Form 10-Ks (Annual Report), Form 10-Qs (quarterly reports) and quarterly Earnings Releases to be filed with the SEC. The position involves a significant amount of financial report data and commentary preparation and review as well as accounting/reporting research and process improvement projects.

Likewise, it requires moderate to strong understanding of FASB and SEC accounting and disclosure requirements and how they relate to the businesses of the Company, as well as the ability to identify data issues through analysis of financial detail from the general ledger and off-ledger information provided by Company’s business units.

This is an opportunity to join a highly visible Controller’s Division group and apply and hone your financial reporting and GAAP skills, participate in financial reporting process improvement projects and interact with business teams across the company.

Key Responsibilities:

• Involved in the implementation of new FASB and SEC rules and regulations and must be able to understand and communicate complex accounting issues

• Interact with many important financial and reporting groups of the Company, such as Investor Relations, Internal Reporting and Analysis, Regulatory Reporting, Corporate Credit, Treasury, ALCO, Accounting Policy, Financial Planning and Analysis, Legal and the business unit group controllers and their reporting teams.

• Develop an understanding of their businesses, products, systems, key sources of financial reporting information, and other matters important to help gather and explain the Company’s financial results to the public. 

• Contribute to one or more disclosure groups, which quarterly oversee the quality of processes for gathering necessary disclosure information and develop the relevant commentary and financial disclosures for the external reports. The key disclosure groups include credit, fair value, investment securities, derivatives, variable interest entities and mortgage lending

• Technical research to develop a strong understanding on selected accounting and disclosures, working closely with the Enterprise Accounting Policy group, and reviewing peer reporting for best practices

• Projects to help the SEC Reporting Group identify and improve its financial reporting process, as well as work with business unit reporting groups on their information gathering processes

 

Qualifications:

  • 4+ years of experience in one or a combination of the following: finance, accounting, analytics and reporting; or a BS/BA degree or higher in Finance, Accounting, Statistics,

  • Economics, Business and 2+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting

  • 2+ years of financial reporting experience

  • 2+ years of public accounting experience

 

Desired Qualifications:

A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting Ability to successfully operate in a complex and matrixed environment 

• A Master of Business Administration or designation as a Certified Public Accountant (CPA) 

• Essbase or Smartview experience 

• Strong organizational, prioritizing, and multi-tasking skills 

• Intermediate Microsoft Office skills (Word, Excel, and Outlook) skills 

• Excellent verbal, written, and interpersonal skills

• Ability to translate and summarize complex data into understandable, actionable information and recommendations 

• Strong analytical skills with high attention to detail and accuracy 

• Ability to grasp complex business issues quickly, recommend solutions, and drive for resolutions 

• Ability to work effectively, as well as independently, in a team environment  

• Ability to analyze quantitative or qualitative data 

• Financial services industry experience 

• Knowledge and understanding of accounting principles: statutory and GAAP 

 

Other Desired Qualifications:

• Moderate financial statement and SEC 10-Q/K preparation experience

• Working knowledge of SEC rules and regulations

• Moderate to strong working knowledge of FASB accounting and disclosure requirements for the financial services industry

• Ability to identify, research and offer recommended solutions for moderate to complex financial reporting issues

• Understanding of XBRL requirements and experience with XBRL “tagging”

Click here to apply

Associate - Senior Auditor - Investment Bank

Key Responsibilities:

• Leads two or more audits simultaneously at a minimum
• Conduct and document more complex and high risk audits throughout the Corporation
• Demonstrates professional skepticism and comfort with questioning how certain processes are being performed in order to facilitate making improvements
• Finalizes planning documents
• Assisting in Audit Plan evolution by challenging scoping of audit project
• Functions in various roles on audit assignments, including leading audits, staffing audits, and providing oversight functions based on the needs of the team
• Applies analytical skills to review information, perform assessments of the audit results, and evaluate the adequacy of controls
• Leads a team of 1 or more staff in executing audits
• Works closely with the Audit Team Leader/Manager I or II to perform/develop the audit planning, scoping, and fieldwork execution strategy
• Works closely with the Audit Team Leader/Manager I or II to develop the audit budget and/or timeframe for how the audit will be completed
• Reviews the work papers of the audit team members ensuring that departmental standards have been met
• Communicates the audit status to business unit and Audit Services management. Responsible for direct interaction with different committees and/or management
• Completes and compiles findings and recommendations for the purpose of status updates, memos, and audit reports
• Coordinates with other audit teams (business unit, regional, and specialist) to ensure evaluations of related areas occur timely and cover key areas within the audit
• Provides training, coaching, and auditing expertise to the audit team
• Operates independently; has in-depth knowledge of business unit/function
• As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level
• Carries out activities that are large in scope, cross-functional and technically difficult
• Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities
• Leading continuous monitoring meetings with business and Audit Services management 

Qualifications:

  • College or University degree and auditing and/or systems experience in a financial institution or similar public accounting experience in the financial services industry is preferred

  • Knowledge of audit procedures and standards usually obtained through related work experience and a four year degree program is required 

  • Has a comprehensive understanding of the Audit Services' Internal Audit Charter, Policy and Methodology and adheres to all applicable requirements within those documents

  • Knowledge of corporate policies and procedures that relate to auditing/accounting standards and analytical skills are necessary to prepare audits

  • Knowledge of the operations, functions, and objectives of interfacing areas is required to properly audit operations, services, systems, workflow, and operational impact on other areas

  • Excellent oral and written communication skills are required

  • Must be flexible and adaptive to change  

    Click here to apply

Associate - Product Control - Commercial Real Estate

The CCRE Financial Analyst is an integral member of the CCRE Finance team participating in CCRE’s finance, accounting, treasury and
operations processes and controls, as well as internal and external financial reporting.


Key Responsibilities:

  • Analyze monthly financial data and make sure all monthly activity has been recorded and reconciled

  • Daily liquidity analysis and reporting

  • Support key business activities – loan originations, securitizations, financing, invoice payment and managing vendor relationships

  • Day – to – day management of loan funding process that allocates loans to repo / warehouse lines and managing timing between origination, financing and loan sales

  • Assist in the preparation of financial statements for external financial reporting in compliance with US GAAP

  • Provide support to finance management and other internal customers as needs arise, including adhoc, financial analysis, and special projects

  • Assist in preparation of monthly, quarterly and annual close presentations for Management

Qualifications:

  • Bachelor’s degree in Accounting or Finance

  • Related experience in the financial accounting group of a financial services company is a plus

  • Advanced analytical and Excel capabilities, project management skills, and ability to multitask

  • Critical thinking, team oriented views, attention to detail, communication skills, business writing, project management and people management skills are critical to this position

Click here to apply

Associate - Financial Reporting - Investment Bank

The Financial Reporting group provides internal and external clients with assistance related to the annual audits and/or interim regulatory SEC filings across a diverse set of registered mutual funds and non-registered funds, including, but not limited to, common and collective trust funds, partnerships, and hedge funds that invest in a wide array of investment strategies and asset classes.  The group has an open technical coordinator position that will report directly to the team leader of the team. 

The technical coordinator will assist the team leader with the review of staff work; provide training and development to the staff, as well as provide feedback regarding staff performance.  The technical coordinator will be responsible for the preparation of financial statements and audit support for the Financial Reporting group’s client base.  The technical coordinator will also assist with the preparation of accurate filings of the SEC Forms N-CSR and N-Q for the registered mutual fund base.

Key Responsibilities:

  • Preparation of fund financial statements and schedules of investments as well as assisting team leader in drafting of the notes to the financial statements for annual and semiannual shareholder reports for registered and non-registered funds.

  • Review of schedules of investments for registered funds on Form N-Q filings.

  • Assist team leader in coordination of audits, related auditor and clients open items, questions and comments.

  • Train staff regarding the preparation of financial statements, schedules of investments, Form N-Q.

  • Technical resource for staff regarding questions related to new investment/derivative products, financial statement preparation questions and auditor questions.

  • Review of staff prepared fund financial statements, schedules of investments, Form N-Q and other supporting schedules as necessary.

  • Provide timely and relevant feedback regarding staff performance to team leader.

  • Complete ad hoc duties and or projects as assigned.

  • Assist with the on-boarding of new client

Qualifications:

• Detailed knowledge of financial statements 

• Working knowledge of 1940 Act rules & regulations, forms N-Q, N-CSR, N-SAR & N-MFP.

• Generally Accepted Accounting Principles (GAAP), including such topics as ASC 815 & 820.

• Working knowledge of securities, derivatives and fund accounting principles.

• Exposure to Donnelley Financial Solutions Reportbuilder and/or Arc system preferred

• Detail oriented with excellent verbal and written communication skills.

• Ability to work with limited supervision.

• Strong performer with high standards of integrity & work ethic. 

Experience Required: 

• 3+years experience in Fund Administration/Financial Reporting industry or related relevant industry 

• Degree in finance or accounting 

• Advanced knowledge of Microsoft Excel and Word.

• Bloomberg 

Click here to apply

VP - Accounting Policy - Investment Banking

The Accounting Policy Lead Consultant role is a senior level policy consultant on the Enterprise Accounting Policy team responsible for consulting and liaising with executive and business unit management, accounting support groups, and functional partners. 

Key Responsibilities:


•Managing the implementation of accounting projects and standards
•Providing accounting consultation on complex, large or proposed transactions
•Developing, implementing, maintaining and communicating accounting policies, practices and procedures
•Reviewing and providing input on quarterly and annual financial data for SEC and regulatory reports
•Staying current with current accounting developments and standard setting of SEC, FASB, IASB and other standard setters
•Educating corporate and business unit executive management on current accounting issues
•Serving as a liaison for accounting issues with both internal and external audit staffs
•Providing accounting training and awareness around the company
•Participating in industry groups to influence the standard setting process 
•Participating in any written correspondence with standard setters or regulators
•Position will have defined areas of responsibility depending upon areas of expertise

Qualifications:


•7+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting
•A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
•Ability to successfully operate in a complex and matrixed environment
•An active Certified Public Accountant (CPA) designation
•Strong analytical skills with high attention to detail and accuracy
•Advanced Microsoft Office skills
•Excellent verbal, written, and interpersonal communication skills
•Big four public accounting experience
•Ability to present results of analyses and recommendations to senior leaders
•Experience presenting technical concepts to senior leaders
•Ability to present complex concepts to senior management
•Ability to prepare and present senior level communications
•Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

Additional Qualifications:


•Ability to take on a high level of responsibility, initiative, and accountability
•Ability to translate and summarize complex data into understandable, actionable information and recommendations
•Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
•Knowledge and understanding of US GAAP financial statements or components preparation
•Knowledge and understanding of accounting principles: statutory and GAAP
•Superior project management skills including the ability to handle multiple projects concurrently
•Outstanding problem solving and decision making skills
•Ability to manage complex initiatives
•Knowledge and understanding of accounting principles: in the capital markets industry
•10+ years of accounting experience
•Demonstrated ability to routinely make judgment calls on applicability/impact of emerging issues to our businesses
•Interpretation of very subjective and complex financial accounting matters and applicability to our business
•The assessment of alternative implementation methodologies and implications from a cost/benefit perspective and impact to our internal control environment, etc.
•Capital markets experience related to derivatives & hedge accounting, investments, financial asset transfers (including securitizations), fair value, broker/dealer accounting, and consolidation assessments

Click here to apply