Job Title: Wealth Management Internal Audit – Regulatory Reporting
Location: NY/NJ Only (Expected to work at client location in NYC for 3 days per week)
Duration: 12+ Months
Wealth Management Internal Audit role focused on Regulatory Reporting business requires a candidate to act as the third line of defense, independently assessing the firm''s internal control structure. For Stockplan specific operations, this involves evaluating compliance with SEC and FINRA rules, particularly regarding trade reporting and employee equity compensation.
Core Responsibilities
Audit Lifecycle Management
Lead and execute audits across planning, scoping, testing operational design effectiveness, fieldwork, closure verification and validation, and reporting phases within the Wealth Management business.
Regulatory Reporting Evaluation
Assess the adequacy and accuracy of various regulatory reports submitted to authorities. This includes performing walkthroughs to document process flowcharts and narratives.
TRACE and CAT Oversight
Validate the accuracy of Trade Reporting and Compliance Engine (TRACE) and Consolidated Audit Trail (CAT). This includes:
Investigating and reporting anomalies through reporting mechanisms
Coordinating remediation of reported anomalies through documentation and revision of controls
Stockplan and Wealth Compliance
Audit operations for compliance with fiduciary standards such as OCC Regulation 9 and test controls over electronic communications in accordance with FINRA and SEC rules.
Remediation and Validation
Follow up on open audit issues and perform validation testing on management’s completed remediation plans.
Required Skills and Qualifications
Technical Knowledge
Strong understanding of investment vehicles, wealth management products, and financial regulations.
Audit Standards
Proficiency in internal auditing standards, preferably within large financial institutions such as Wall Street banks, UBS, HSBC, or similar organizations.
Experience
Typically 3 to 7 years of experience in internal audit, internal controls assessment, or wealth management compliance.
Education and Certifications
Bachelor’s degree in Accounting, Business, Economics, or a related field. Preferred certifications include:
Certified Internal Auditor (CIA) or Certified Public Accountant (CPA)
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