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Audit Associate

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AllianceBernstein

1mo ago

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

AI generated summary

  • You need a degree, up to 3 years of buy-side audit experience, asset management knowledge, and strong communication skills. Professional certification or advanced degree preferred.
  • You will plan and execute audits, prepare reports, assess internal controls, assist in risk assessments, and collaborate with team members on various projects in a dynamic environment.

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

  • The Audit Associate is responsible for planning, performing, reporting, and following up on specific audit assignments under the guidance of the Chief Audit Officer, SMD of Non-US, and/or Audit Management (Audit Director, Audit Manager, Audit Team Leader). Specifically, this individual will report to the Vice President – Audit Manager – Luxembourg and work with the Europe Team to carry out Luxembourg/European audit activities.
  • The Audit Associate will be responsible for carrying out the following duties:
  • 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
  • The Audit Associate Is Also Expected To
  • 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 are the main responsibilities of the Audit Associate?

The Audit Associate is responsible for planning and performing audits, preparing audit programs and reports, recommending corrective actions, and assisting in various administrative tasks related to the annual audit plan.

What qualifications are required for the Audit Associate position?

Candidates must have a university degree, up to 3 years of audit experience in the global financial services industry, and experience in areas such as investment management operations and regulatory compliance. Professional certifications (CIA, CPA, CFA) or advanced degrees are preferred.

Is experience in asset management required for this role?

While it's not strictly required, experience in the asset management industry, including alternatives and mutual funds, is considered a significant advantage.

Will the Audit Associate be traveling for this role?

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

What skills are important for the Audit Associate position?

Strong analytical and project management skills, excellent written and oral communication abilities, strong interpersonal skills, and the capacity to manage multiple projects against deadlines are essential for this role.

Who will the Audit Associate report to?

The Audit Associate will report to the Vice President – Audit Manager – Luxembourg and work with the Europe Team on Luxembourg/European audit activities.

What kind of environment does AB promote for its employees?

AB fosters a culture of intellectual curiosity and collaboration, creating an environment where employees can thrive and do their best work.

Are there opportunities for professional development in this role?

Yes, the role offers exposure to top management and provides an opportunity to influence change and mitigate risk across the organization, contributing to professional growth.

How important is teamwork in this position?

Teamwork is crucial as the Audit Associate is expected to work cooperatively with other team members and Audit Management to accomplish audit objectives.

What is unique about the role of Audit Associate at AB?

The role provides a holistic understanding of various departments and strategic business units at AB, as well as the opportunity to engage with top management and enact positive organizational changes.

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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.