Deloitte Senior Consultant: Internal Audit, Risk Compliance in New York, New York
Deloitte is one of the leading professional services organizations in the United States, specializing in audit, tax, consulting and financial advisory services with clients in more than 20 industries. We provide powerful business solutions to some of the world s most well-known and respected companies, including more than 75 percent of the Fortune 100.At Deloitte, you can have a rewarding career on every level. In addition to challenging and meaningful work, you ll have the chance to give back to your community, make a positive impact on the environment, participate in a range of diversity and inclusion initiatives, and find the support, coaching, and training it takes to advance your career. Our commitment to individual choice lets you customize aspects of your career path, your educational opportunities and your benefits. And our culture of innovation means your ideas on how to improve our business and your clients will be heard.Deloitte Advisoryhelps client manage strategic, financial, operational, technological, and regulatory risk to maximize enterprise value, while our experience in mergers and acquisitions, fraud, litigation, and reorganizations helps clients move forward with confidence. Internal Audit (IA):IA is a market offering within Business Risk service area. It helps boards and senior executives better manage enterprise risks by helping organizations enhance the effectiveness, quality, and value received from internal audit. Our broad understanding of risks and areas of operational improvement - particularly the nuances of specific industry sectors and markets - can help internal audit functions improve their performance and operating efficiency and bring value to their organizations. Regulatory ComplianceThe Regulatory Compliance Senior Auditor works under the Audit Manager and or Senior Manager to identify issues, develop testing plans and execute. This professional works with and helps train junior staff through on the job assignments and authoritative literature. He must be able to speak and write clearly and concisely. Senior Consultant, General Job Duties:Demonstrate advanced understanding of business processes, internal control risk management, and related standardsIdentify and evaluate complex business and technology risks, internal controls which mitigate risks, and related opportunities for internal control improvementUnderstand complex business and information technology management processesExecute advanced services and supervise staff in delivering basic servicesAssist in the selection and tailoring of approaches, methods and tools to support service offering or industry projectsUnderstand clients' business environment and basic risk management approachesDemonstrate a general knowledge of market trends, competitor activities, and Deloitte products and service linesActively participate in decision making with engagement management and seek to understand the broader impact of current decisionsGenerate innovative ideas and challenge the status quoBuild and nurture positive working relationships with clients with the intention to exceed client expectationsIdentify opportunities to improve engagement profitabilityParticipate in and actively support mentoring relationships within practiceExcellent potential for 1) playing lead role in designated tasks of the project team in gathering, organizing and analyzing data; 2) making major contributions in assuring products/deliverables meet contract/work plan and; 3) strong potential for growth and acceptance of additional responsibilitiesUp to 50% travel requiredTechnical Responsibilities: Perform internal audit reviews/projects of business (i.e., financial, operational, compliance, etc.).Assist in the planning of the audit approach and scope, preparation of an audit program, and determination of the auditing procedures to be usedGain an understanding of client risks, controls, and areas of operational improvementCreate internal control documentation related to internal audit and identification of key control points, including narratives and process and data flowsObtain, analyze, and appraise evidentiary data in order to evaluate the adequacy and effectiveness of internal controlsIdentify internal control gaps and deficiencies, as well as efficiency and effectiveness opportunitiesProvide recommendations for improved and enhanced controls and business efficiencies to clientsAssist in development of draft reporting and deliverablesApply internal audit standards in planning and execution of internal audit reviews/projectsOther Professional Responsibilities:Develop excellent professional oral and written communications in order to establish working relationships with client personnel and communicate engagement resultsApply problem-solving skills and deliver Deloitte methodology on engagementsExercise professional judgment on engagements and provide proactive solutions and recommendationsRegulatory Compliance Qualifications3 years of relevant work experience, including supervisory experience, with industry focus a plusBachelor s degree (in Accounting, Business Administration, Computer Science, Information Systems, or related field preferred)Masters degree in a quantitative field (Statistics, Mathematics,Engineering, Economics, Mathematical Finance) preferred; or a combination of quantitative andbusiness degreespreferred.Certification as CIA, and/or CISA preferredAbility to interpret new regulations and translate into consulting opportunities.Thorough knowledge and understanding of the Banking regulatory environment and its applications to National Banks, Holding Companies, State-chartered institutions, and US Branches of Foreign Banks, Dodd-Frank, etc., and the Consumer Financial Protection Bureau (CFPB). Requirements include how a Bank is organized Deposit, Lending, Operations (Wires, Information Technology, etc.), Support FunctionsAbility to advise clients on various Consumer Compliance laws and implementing regulations, including FCA, ECOA, FHA, RESPA, TILA, HMDA. Integrating these into Fair Lending programs is a plus. Knowledge of GLBA, and other Banking Laws and regulations such as Expedited Funds Availability Act, Bank Protection Act, Regulation E, O, W, etc. is highly desirableMonitoring and reporting Bank compliance with all applicable federal and state regulationsAssist in performing regulatory compliance audits within a defined annual audit plan or as stand-alone engagementsDevelops and maintains compliance audit programs and defines scope of reviews based on limitations of budgetsPrepares and maintains audit documentation and work-papersConducts analysis of audit findings to draw logical conclusionsWrites formal audit reports directed toward those audited, Senior Management, and the Audit CommitteeConducts appropriate follow-up with those audited to resolve audit findingsAssist in implementing an annual risk based compliance audit plan, including scope determination, audit planning memos and reportsPlans, schedules and conducts each audit, per schedule, to ensure that all activities conform to established audit proceduresUses audit programs as guides and initiates additional audit steps where deemed appropriateReviews compliance related policies and procedures for compliance with regulatory requirements and sound practicesPrepares detailed report of violations to federal and/or state regulations and other compliance audit findings, presenting any irregularities or exceptions to Senior Management and/or the Audit CommitteeExperience in Banking and Internal Audit with superior audit documentation skills is highly desirable. Ability to work cross-functionally with all levels of management and the Board of Directors is essential.Executive presence to report, at least quarterly, to the Audit Committee of the Board of Directors on current quarterly audit results, any findings, corrective actions and status of prior open issuesAnalysis of audit programs for effectiveness, recommending changes and improvements as appropriateDiscussion with clients of any changes to scope of audits performed, significant findings noted as the audit progresses and conclusions and recommendations as audits are finalized
As used in this document, Deloitte means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.
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Category: Accounting & Auditing