Role- Internal Auditor
Location- Midtown,NY/Baltimore,MD(Hybrid)
Type-Contract
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/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, CATS Oversight: Validate the accuracy of Trade Reporting and Compliance Engine (TRACE), Consolidated Audit Trail (CAT). This involves:
Investigating and calling out anomalies via reporting
Coordinating the remediation of reported anomalies thru’ documentation and revision of controls
Stockplan/Wealth Compliance: Audit operations for compliance with fiduciary standards (e.g., OCC Reg 9) and test controls over electronic communications as per FINRA/SEC rules.
Remediation & Validation: Follow up on open audit issues and perform validation testing on management''s completed remediation plans.
Required Skills and Qualifications
Technical Knowledge: Deep understanding of investment vehicles, wealth management products, and financial regulations.
Audit Standards: Proficiency in internal auditing standards preferably for large banks in Wall Street or UBS, HSBC, etc..
Experience: typically 3–7 years in internal audit, internal controls assessment, or wealth management compliance.
Education & Certifications: Bachelor''s degree in Accounting, Business, or Economics. Preferred certifications include:
Certified Internal Auditor (CIA) or CPA.
FINRA Series 65 or 66.
Certified Financial Planner (CFP).
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