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Audit Associate

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AllianceBernstein

2mo ago

  • Job
    Full-time
    Mid Level
  • Consulting
    Accounting & Tax
  • Pune
    Remote
  • Quick Apply

AI generated summary

  • You need a degree, up to 3 years of buy-side audit experience, strong communication skills, and preferably a professional certification or advanced degree. Asset management experience is a plus.
  • You will plan and execute audits, prepare reports, analyze internal controls, recommend improvements, assist in risk assessments, and collaborate with team members on various projects.

Requirements

  • A university degree.
  • Up to 3 years audit experience on the buy side of the global financial services industry. Experience in the following areas: Research, Portfolio Management, Buy-Side trading, including quantitative/algo trading, Investment Management Operations, Institutional Sales and Marketing, Regulatory and Investment Compliance.
  • Experience in the asset management industry (including alternatives and mutual funds) is a major plus.
  • Professional Certification (CIA, CPA, CFA etc.,) or Advanced Degree preferred.
  • Strong written and oral communication skills are a must.
  • Strong interpersonal skills.

Responsibilities

  • Assist Audit Management in carrying out the annual audit plan by the following means:
  • Assist in planning the scope of audits.
  • Prepare audit programs and execute comprehensive audits in various operational and financial areas of the company, both domestic and international.
  • Participate in audit planning, progress, and wrap-up meetings.
  • Recommend corrective actions or business resolutions, if required, and follow up on implementation.
  • Prepare audit workpapers that evidence completion of audit and form an adequate basis for the audit report.
  • Prepare drafts of audit reports.
  • Assess the accuracy and adequacy of information and the Company’s internal control structure by:
  • Reviewing transactions, documents, records, reports, accounting and operational methodologies
  • Using inquiry and observation
  • Employing analytical review procedures
  • Assist Audit Management in accomplishing certain administrative tasks:
  • Preparation of annual risk assessments
  • Preparation of Annual audit plan
  • Preparation of commentary for the Audit and Risk Committee material
  • Keep current as to the development of relevant industry, regulatory and corporate matters that may affect the Internal Audit Department’s audit scope.
  • Work in cooperation with other team members and Audit Management.
  • Possess experience in auditing financial and operational controls within a wide range of business processes (within either an external or internal audit environment) or similar risk and control assessment skills gained in business operations, risk or compliance.
  • Have exposure to, or understanding of, regulations for financial services clients.
  • Possess strong analytical and project management skills.
  • Manage and deliver against deadlines while working on multiple projects.
  • Be culturally adaptable with the ability to work in continually changing work environments.

FAQs

What is the primary responsibility of the Audit Associate?

The primary responsibility of the Audit Associate is to plan, perform, report, and follow up on specific audit assignments under the guidance of the Chief Audit Officer and Audit Management, with a focus on regional audit activities in the Asia Pacific Team.

What qualifications are required for the Audit Associate position?

Candidates must hold a university degree and have up to 3 years of audit experience within the buy side of the global financial services industry. Experience in asset management, professional certifications (such as CIA, CPA, CFA), and advanced degrees are preferred.

Is prior experience in the asset management industry necessary for this role?

Yes, prior experience in the asset management industry, including alternatives and mutual funds, is considered a significant advantage.

What types of skills are essential for the Audit Associate?

Essential skills include strong written and oral communication, interpersonal skills, analytical and project management abilities, and an understanding of financial services regulations.

Does the Audit Associate position require travel?

Yes, candidates must have the flexibility and ability to occasionally travel to international locations as required.

What type of projects will the Audit Associate be involved in?

The Audit Associate will be involved in comprehensive audits across various operational and financial areas of the company, including planning audit scopes and preparing audit reports.

Can the Audit Associate influence organizational change?

Yes, the role provides the opportunity to obtain an understanding of various departments within AB and exposure to top management, allowing the Audit Associate to influence change and mitigate risk across the organization.

How does the company foster a collaborative work environment?

The company promotes a culture of intellectual curiosity and collaboration, encouraging employees to work together to achieve their best performance on various projects and initiatives.

What kind of training or ongoing education is expected for the Audit Associate?

The Audit Associate is expected to keep current with relevant industry, regulatory, and corporate developments that may affect the Internal Audit Department’s audit scope.

In which location is this Audit Associate position based?

The Audit Associate position is based in Pune, India.

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AllianceBernstein

#FullyInvested

Finance
Industry
1001-5000
Employees
1967
Founded Year

Mission & Purpose

AllianceBernstein (AB) is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. We are one of the largest investment management firms in the world, with more than $665 billion in assets under management as of February 2023. We foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. We embrace innovation to address increasingly complex investing challenges. We pursue responsibility throughout our firm—from how we work and act to the solutions we design for clients. AllianceBernstein, L.P. does not transact or advise on any cryptocurrency or related products. In addition, we do not conduct business through Facebook, WhatsApp, or any other social media. Any posts on such sites are fraudulent and have not been made by AllianceBernstein, L.P.