Senior Audit Specialist
The Audit Specialist is responsible for the execution of audit engagements, which includes planning, developing the project? s scope, maintaining the budget and timeframes of the project to meet audit requirements and ensuring departmental standards are properly met.
The role is a direct report to an Audit Manager and is responsible for assisting in the recruiting and retention process for the audit team. The Audit Specialist provides input to improve operational efficiency and/or to enhance the design or operating effectiveness of the internal control environment. The role provides technical expertise and performs specific assigned projects for the department. Takes the lead role in assigned audit activities and specific projects.
Functions in various roles on audit engagements, including leading audits, staffing audits and providing consulting or oversight functions based on the needs of the team
Provides technical expertise to the Audit Team and uses sound audit practices
Maintains familiarization and technical expertise with the assigned business unit(s) including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areas
Responsible for staying current on regulatory rules and changes within the industry
Interacts and partners with Senior and Executive Management to understand the risks within the business, business changes and other significant events that could significantly affect the business and/or the audit plan
Manages and performs special projects as assigned
Participates in meetings with business unit to discuss audit results
Communicates with partners at all levels, developing and presenting recommendations on operations and controls for the business unit
During audit engagements, assigns work to auditors, sets priorities and monitors activity
Utilizes understanding of various Corporate units to ensure operations, services, and systems have proper audit controls in place (i.e., design of the control environment)
Reviews audit work including work paper documentation, findings and recommendations and the final report to ensure appropriate adherence to the Corporations/Departments Policies and Standards and ensuring work is performed within established timeframes
Evaluates corporate management, business processes, business controls and operating practices during audits and consulting/monitoring engagements
Applies analytical skills to review information and determine potential control weaknesses
A College or University degree, auditing and/or systems experience in a financial institution or similar public accounting experience in the financial services industry is preferred.
Knowledge of auditing in the financial services industry and basic accounting principles and related work experience
Professional certifications (e.g., CPA, CISA, CIA, ACA, ACCA) and/or an MBA along with demonstrated technical abilities in select areas (e.g., accounting, regulatory compliance, etc.) are preferred
Analytical and organizational skills are necessary to conduct audits
Strong report writing and workpaper documentation skills