Internal Auditor

Guggenheim Partners Chicago , IL 60602

Posted 7 months ago

Guggenheim is seeking an exceptionally organized and detail-oriented candidate to join the Internal Audit group. This position reports to the Head of Audit for Shared Services and will assist in the planning and execution of audits across the firm. This will entail researching business units and services they engage in and identifying relative risks; executing fieldwork, including business unit interviews; documentation and testing of processes and controls; and, assisting in the drafting and vetting of findings, issues and related actions plans.

This position is in Chicago and will require some domestic travel, primarily to New York, though travel to other domestic or international locations may be required.

Specific Responsibilities Include

  • Lead audits and projects across the full spectrum of the audit cycle of planning, fieldwork and reporting. This includes:

  • Planning identification and evaluation of key processes, risks and controls, preparation of audit programs and other procedures to test controls;

  • Executing fieldwork leads stakeholder interviews, documentation (e.g., process narratives, walkthroughs, testing, etc.) and testing of processes and controls;

  • Reporting draft audit findings, issues and related actions plans, with minimal oversight and edits from IA Management team.

  • Preparation and communication of action plans to remediate any control deficiencies, including influencing relevant stakeholders.

  • Takes ownership and accountability of key deliverables, including Audit Announcement Memo, Audit Planning Memo, and audit reports

  • Monitors budget slippage and other key metrics (e.g., 100-day rule) and takes correction actions, including timely escalation to IA Management

  • Establishes and owns relationships with leadership teams in the shared services / holding functions (e.g. accounting, financial reporting & analysis, central compliance, tax, human resources, legal & compliance, etc.)

  • Monitors and reports on the disposition and status of action plans and conducts substantive tests of compliance as necessary

  • Takes ownership and accountability for some components of the audit universe, providing updates to the risk assessment and keeping it evergreen by identifying new activities, divestitures and significant changes to businesses

  • Participating in IA's annual risk assessment and planning process, including proposing audits, budgets, etc.

  • Supervises junior staff members or co-souring professionals in the execution of audits and other projects

  • Keeps abreast of industry and product specific developments and raise any risk and control related topics of interest to Internal Audit management

  • Promotes, and is an ambassador of, the department's value proposition

  • Continuously fosters relationships with coworkers and clients

Skills & Experience Required

  • At least seven years of experience working as an auditor covering shared services/holding company functions (e.g. accounting, financial reporting & analysis, tax, human resources, central compliance, etc.) for financial service firms.

  • Public accounting or consulting firm experience a plus (focused on internal audit services, external audit services, or risk-based consulting)

  • Good understanding of processes and risks of shared services functions

  • Exceptional organization skills and attention to detail

  • Possesses outstanding intellect, analytical abilities, and self-confidence

  • Proven ability to independently anticipate and provide solutions to complex problems

  • Strong work ethic and demonstrates personal commitment to work and team's success, and leads by example

  • Strong communication and influencing skills (oral and written), confident and capable of presenting in a clear and compelling manner to stakeholders

  • Strong understanding internal auditing theory and techniques, including types of risks, controls and testing procedures as well as related work paper standards (e.g., COSO, COBIT, IIA Principles)

  • Excellent writing and documentation skills (ability to write succinct and cohesive process narratives, issue statements, findings and action plans)

  • Strong multi-tasking abilities between audits/projects while working independently and within a group environment

  • Ability to take direction and execute successfully with minimal supervision

  • Display a healthy skepticism and strong aptitude for precision

  • Ability to learn quickly and research topics and risks germane to areas under audit

  • Solid understanding of MS Word, Excel, PowerPoint, Visio, Access and common internal audit work paper tools (i.e., automated work papers)

  • Aptitude to develop both technical and soft skills in a growing organization, takes advantage of learning opportunities

  • Can independently analyze issues and develop and execute plans that contribute to significant improvements in financial and operational performance and risk reduction

  • Can independently evaluate the adequacy of the controls in the context of relative risks to area under audit and more generally Guggenheim

  • Receives and provides coaching well and applies comments going forward

  • Proven track record of supervising junior level auditors, including coaching and providing feedback in the performance evaluation process

Education and Professional Certifications

  • Undergraduate degree, preferably in accounting, finance or related discipline. Advanced degrees are a plus.
  • A CPA, CIA or CISA certification (or pursuing) is preferred.

To succeed in the Guggenheim culture, candidates must be self-starters and strive for results. We are looking for people, who operate as business owners, adhere to the highest standards and think creatively to realize opportunities, wherever they may be.

Guggenheim Partners is an Equal Opportunity Employer committed to a diversified and inclusive workforce.


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Internal Auditor

Guggenheim Partners