Senior Associate, Internal Audit

Overview

ABOUT US

Founded in 1993, Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets.

Position Summary

The Senior Associate - Internal Audit position is an integral member of the Internal Audit team that plans and executes audits, advisory projects, and continuous monitoring activities with a reasonable level of management supervision. The Senior Associate - Internal Audit has experience in financial, operational, and/or compliance auditing and can evaluate functions that include loan origination, mortgage servicing, and/or investment asset management. Strong communication, critical thinking, and analytical skills are vital to this position. Travel demands are expected to be limited (generally less than 10%).

Essential Duties And Responsibilities

• Audit Planning and Execution
• Conducts interviews/walkthroughs with business owners.
• Leads the audit planning process, including audit scope/approach development and authoring audit planning memos.
• Develops risk and control matrices to evaluate the design of key internal controls.
• Designs and executes effective control tests and analytical procedures with limited management supervision.
• Documents work performed in adequately structured workpapers within audit management software (Audit Board).
• Independently identifies meaningful control gaps and develops recommendations that promote continuous improvement in risk management capabilities and the internal control environment.
• Audit Methodology and Tools
• Performs work in a manner that is consistent with Bayview Asset Management’s Internal Audit Procedures and the Institute of Internal Auditors’ (IIA) International Professional Practices Framework (IPPF).
• Contributes to ongoing improvements in internal audit methodology.
• Provides input to the development of the Annual Audit Plan.
• Project Management, Communication, & Reporting
• Independently leads meetings to gain an understanding of business processes, provide audit status updates, and communicate audit results.
• Develop well-written audit reports that include a clear and concise summary of the scope of work performed, conclusions reached and recommend control improvements noted.
• Team & Personnel Development
• Supervises and develops the skills of less experienced team members. Shares industry acumen including best practices with others.
• Maintains all organizational and professional ethical standards, including consistently upholding all Bayview Asset Management Company Tenets.
• Other duties as needed or required.
  

Skills / Knowledge / Abilities

• Audit Planning, Execution, Methodology, and Tools
• Knowledge of, and ability to consistently apply, internal auditing principles and practices.
• Skilled in critically evaluating processes, risks, and controls.
• Demonstrate proficiency in documenting processes, risks, and controls in narratives, flowcharts, and workpapers.
• Moderate/Advanced Microsoft Excel abilities, including ability to perform data analysis using pivot tables, formulas, or macros. Working knowledge of other Microsoft Office applications (Word, PowerPoint, Visio).
• Data analytics literacy, with the ability to apply analytical techniques to extract actionable insights and drive informed decision-making a plus.
• Project Management, Communication, and Reporting
• Experience with (and ability to leverage) appropriate audit management tools (e.g. Audit Board) to monitor audit execution/timelines and provide transparent status updates to audit management.
• Capable of balancing multiple projects simultaneously through effective prioritization and multi-tasking skills.
• Skilled collaborator that is capable of effective interaction, negotiation, and problem resolution with audit and business personnel.
• Effectively able to lead meetings with team members and auditees to gather needed information and share audit results.
• Able to develop, present, and assist in “selling” control improvement opportunities and business advice.
• Demonstrates proficiency in clearly and concisely documenting audit results in workpapers, memos, and audit reports.
• Team & Personnel Development
• Displays a growth mindset and strong work ethic.
• Ability to lead and motivate audit staff and be a “team player.”
• Experience working in, or adequate knowledge of, industries that include asset management, lending, and/or mortgage servicing.
• Continually builds knowledge of the business and actively expands capabilities through research and focused training. Stays informed of new developments.
  
  

Education And Experience

• Bachelor’s degree from an accredited college or university in a relevant field of study.
• At least four (4) years of auditing public accounting, consulting, and/or private industry internal audit experience. Strong preference for experience in the asset management or loan origination industry.
  
  

CERTIFICATIONS

Industry certification preferred (CPA, CIA, CFSA, CFE, etc.)

EEOC

Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.