Senior Internal Audit Specialist

Primary Functional Responsibilities:

Work independently in monitoring and managing the progress of audit projects being conducted.  Monitor and adhere to established timeframes, policies, and procedures to ensure the achievement of the Audit plan.

 

Determine allocation of workflow within each audit, taking into consideration the expertise of staff and overall complexity of the assignment.

 

Provide advice and guidance to assigned staff and auditees as needed.  Review and ensure accuracy of narratives, Risk Assessment Matrices (RAMs), and testwork prepared by Audit staff. 

 

Conduct scheduled and unscheduled reviews of operations and support areas, including out-of-state/overseas subsidiaries.  Independently conduct special or first-time audits and related projects as needed.  Provide management with status updates.

 

Lead discussion with auditee management regarding audit findings, recommending procedural changes as deemed necessary.  Changes may pertain to enhancing operational efficiency or mitigating risk. 

 

Lead the formal presentation of audit findings to audited groups and senior management.

 

Draft audit reports and assess adequacy of management’s actions in response to audit recommendations.

 

Analytical/Problem Solving/Consulting:

Display strong analytical skills; ability to apply audit theory to all aspects of fieldwork performance.  Serve as an effective business partner to audited groups through the evaluation of risks and recommendation of controls to ensure compliance and/or identify problem areas. 



Deliver recommendations to corporate management that will serve as the basis for decisions and policies that will have a high impact on corporate performance.

 

Make independent decisions regarding changes in audit scope.

 

Ensure thoroughness and accuracy of analysis conducted by co-workers (Audit Specialists and other Senior Audit Specialists).  Validate findings through follow-up corroboration with auditee management team.



Provide timely status updates to auditee management through weekly reviews of action item lists.

Projects:

Audit projects are normally scheduled in advance.  Special management reviews may be performed with little advance notice.  Projects can involve any operational or support area of Boston Financial and its affiliated companies at any location.  Projects also include monthly analysis reports prepared for the Audit Committee and senior management.

 

In addition to individual audits assigned, the incumbent may be requested to participate in the development of the Audit plan by creating AMS (Audit Management System) models and also may volunteer to participate in other departmental initiatives.

 

Internal/External Contacts:

Interface directly with members of management, including senior management, of areas being reviewed, both at Boston Financial and all its affiliated companies. 

 

Follow up with auditee management teams as applicable, especially in cases where the overall audit rating is less than satisfactory.

 

Provide guidance, support, leadership and coaching to staff. 



May interface with external audit firms.

Qualifications:

Advanced knowledge of audit principles and practices or detailed knowledge of operational/support areas, including subsidiaries required. 

 

Thorough financial services industry operational knowledge, including SEC regulations.





 

Ability to interface with all levels of management.  Ability to motivate, coach, foster teambuilding and supervise others.  Adept at dealing with conflict.  Strong planning, organizational, project management and analytical skills. 

 

Intermediate skill level with personal computer and Windows-based office applications.

 

Effectively prioritize multiple projects and tasks simultaneously.



Bachelor’s Degree required, with major in Business Administration preferred.



Designation as Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) preferred.

Minimum 3-7 years audit or industry experience required.  Project management and/or in-charge audit role experience required.