Internal Auditor Asset Servicing Custody Asset Management

Internal Auditor Asset Servicing Custody Asset Management

My client is a leading and globally recognised asset management and custodian banking institution. They require an auditor with prior asset servicing knowledge to confirm the scope of the audit, devise an appropriate testing approach and provide technical expertise as appropriate.

Under general supervision, the contractor will conduct and document audits throughout the Corporation. The contractor will work closely with Audit Team and Business Unit management to confirm the scope of the audit, devise an appropriate testing approach and provide technical expertise as appropriate.

RESPONSIBILITIES:

1. Support Audit Teams executing risk based audit projects. Responsible for planning, scoping, execution, documenting and communication of audit results to both Audit and Business Unit Management.

2. Provides expertise during the audit engagement.

3. Functions in various roles on audit engagements based on the needs of the team. Conducts and documents audits throughout the Corporation.

4. Utilising understanding of various business units to assess whether operations, services and systems have proper controls in place (ie, design and operating effectiveness of the control environment).

5. Developing a budget and/or time frame for how the audit will be completed. Responsible for scoping, executing, documenting and reporting in accordance with stated time frames and Departmental Standards.

6. Applying analytical skills to review and test business processes, perform risk and control assessments, document results and report the audit results including the adequacy of controls.

7. Communication of audit results and presentation of recommendations on operations and controls to the business unit.

8. Review of work to ensure that Departmental Audit Standards have been met.

9. Coordinates with the Specialist Audit Teams (eg, IT, Risk Management) to ensure evaluations of related areas occur timely and cover key areas within the audit engagement.

EXPERIENCE REQUIRED:

*Experience auditing Asset Servicing and Asset Management activities together with knowledge of risks and controls of these activities, including operational, compliance and credit risks.
*Specific experience of regulatory client reporting, tax reporting and depositary activities within the EMEA region would be beneficial.
*Extensive knowledge and application of audit procedures and standards (planning, execution and reporting of an audit) obtained through related work experience is required.
*Knowledge of corporate policies and procedures that relate to auditing/accounting standards; analytical skills are necessary to prepare and document audit reviews.
*Knowledge of the operations, functions, and objectives of interfacing areas is required to properly audit operations, services, systems, work flow, and operational impact on other areas.