Senior Associate – Internal Controls

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Sr. Associate – Internal Controls 
Toronto, Canada

Main focus: internal controls experience to include testing, designing, and process walk through. Familiarity with regulatory framework such as OSFI in Canada and OCC/FRB in US. 
 

Technical Experience

·        Possess a strong understanding of internal controls concepts and their application in differentiated client environments, specifically within complex global banking organizations.

·        Capable of conducting fieldwork independently, with guidance from client and project team members, while having the opportunity to lead more junior team members and sharing knowledge and coaching on how to execute against project objectives.

·        Prior practical experience with understanding and independently assessing policies, procedures, and controls of our clients’ business processes.

·        Have a fundamental understanding of strategic planning and other business matters, helping their project team to identify emerging risks and opportunities.

·        Prior practical experience with identifying internal controls, assessing their design and operational effectiveness, identifying where controls have not operated effectively, present potential risk exposures to project team members and assist in the development of remediation plans to support providing remediation guidance to clients.

·        Know how to review, document, evaluate, and test application controls, especially automated ones, for various software applications across different client business processes.

·        Understand the use of key reports, data transmissions, input/output data controls, and data lineage in business operations.

·        Ability to identify and interpret technical findings and draft recommendations that will be presented to a broad range of both business and information technology client stakeholders.

·        Desire to research and identify emerging trends within the global banking sector (e.g. machine learning/automation, use of data and analytics, etc.).

·        Prior introduction to working with various control frameworks.

·        Internal Controls Experience: testing and designing of internal controls as well as process walk through experience.

·        Demonstrated experience in evaluating and validating regulatory compliance requirements, including identifying gaps and recommending corrective actions.

·        Familiarity with regulatory frameworks such as OSFI guidelines in Canada along with OCC and FRB guidelines in the US, and their implications on operational controls and risk management.

·        Experience supporting regulatory audits and preparing documentation for regulatory review is a plus.

Client Experience

·        Continually demonstrate an eagerness and willingness to learn more about the Global Banking sector and the clients that we serve in in this space and leverage your understanding to advance towards becoming your clients’ trusted advisor.

·        Exhibit basic knowledge of key global banking industry fundamentals, regulatory environment, and terminology.

·        Identify current and relevant global banking industry thought leadership and share with clients as relevant.

·        Owns process level client relationships and collaboration with external stakeholders.

·        Prepare/Review initial drafts and follow-ups on client request lists.

·        Participate in risk assessment management interviews. Update risk assessment models and complete initial draft of identified risks.

·        Prepare and conduct tests of the operating effectiveness of clients’ internal controls.

·        Draft internal controls operational effectiveness test plans or work programs for review by senior members of the team.

·        Create/review narratives or flowcharts for a process. Identify and review all risks and controls for a process as needed.

·        Manage budgets and provide accurate analysis of estimates to complete to project leader.

·        Review and complete status documents for client delivery.

·        Prepares initial draft of client facing reports.

Position Qualifications

·        Bachelor’s or Master’s degree

·        Minimum of four (4) years of practical experience.

·        Advanced level Excel and reporting skills as well as can create Power BI and Tableau Dashboard/Reports from scratch.

·        Demonstrated knowledge of regulatory compliance principles and experience validating adherence to regulatory standards.

·       Ability to travel to meet client needs and work collaboratively with others in-person and remotely.

·        Effective communication skills, both verbally and in writing.

·        Effective time management and prioritization skills.

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