What are the responsibilities and job description for the Operation Auditor position at Avesta Computer Services?
Client - Our customer is a full-service bank that offers commercial banking, private banking, and wealth management services
Title - Operation Auditor
Location: New York, New York, United States
Position Type: Full Time
Job Description
• We are looking to hire an experienced audit professional to perform Operational and Financial audits with a focus on front and back office bank operations (including private banking, branch activities, wealth management, deposits, loans, account maintenance, cash management, funds transfer, vendor management, etc.) and other operational processes.
• We are looking for individuals who can perform hands-on work in a smaller team environment.
Essential functions include:
• Assist in preparing / documenting high quality workpapers for assigned projects (including audit planning memo, audit program, audit test workpapers with proper referencing).
• Understanding of concepts related to general banking businesses including applicable laws and regulations.
• Execute testing procedures and assist in the preparation of audit reports and draft findings.
• Effectively present/communicate audit observations to management, as requested by audit management.
• Understand and document business systems / processes.
• Execute high value audits, identifying risks, assessing mitigating controls, determining "root causes” and making recommendations to improve the control environment.
• Prepare initial draft audit report summarizing background of audit performed, audit scope, recommendations and audit conclusion.
• Follow-up on open audit and regulatory issues and work with management to ensure appropriate resolution.
• Stay abreast of industry trends to identify potential issues and emerging risks/trends, as well as relevant best practices, laws, rules, and regulations impacting financial institutions and ensuring that the changes are incorporated into the audit planning and risk assessment process.
• Participate in department-wide initiatives and perform other duties as assigned. Proactively seek out additional responsibilities (when appropriate).
Qualifications
• 5-10 years of professional auditing or comparable experience.
• A Bachelor's degree in Business, Accounting, Finance, or a related field is required.
• Demonstrated experience in executing all aspects of the audit lifecycle, including planning, risk assessment, scoping, detailed testing and reporting.
• Strong project management and time management skills, ability to adapt quickly to changing demands and environment and rapidly develop in-depth knowledge of new audit areas.
• Able to multi-task while remaining organized and prioritized deliverables.
• Demonstrated knowledge, skills, and experience in applying the principles and practices of internal auditing in a heavily regulated business environment.
• Demonstrated ability to understand and document business processes and related internal controls in a narrative and/or flowchart format.
• Highly motivated with strong analytical skills.
• Excellent verbal and written communication skills and the ability to communicate effectively at all levels of the organization.
• Proficiency in Microsoft Office software (Word, Excel, and PowerPoint).
• One of the following Certifications is strongly preferred:
• Certified Internal Auditor (CIA)
• Certified Public Accountant (CPA)
• Certified Fraud Examiner (CFE)
