Associate - Risk Advisory

Overview

This role supports the execution of internal audit engagements and helps financial institutions strengthen internal controls, ensure regulatory compliance, and enhance operational effectiveness. The Associate – Risk Advisory works within the Financial Services Group (FSG), serving a diverse portfolio of financial institutions and delivering independent, risk-based assurance and advisory services across core banking operations.

Responsibilities

• Assist senior team members with internal audit, risk assessment, and operational review.
• Support internal audit engagements across core banking functions, including:
  • Loan operations and credit administration
  • Deposit operations
  • ACH and electronic payments
  • Wire transfers
  • Branch operations
  • Accounting and financial reporting
  • Human resources and payroll
  • Enterprise Risk Management (ERM)
  • Model Risk Management (MRM)
  • Investment and treasury operations
• Execute audit procedures, including:
  • Walkthroughs
  • Testing of controls
  • Validation of operational processes
• Identify and assess risks, control gaps, and process inefficiencies across operational and financial areas.
• Perform detailed testing of transactions, reconciliations, system controls, and compliance with internal policies and regulatory requirements.
• Assist in evaluating internal controls related to:
  • Financial reporting
  • Safeguarding of assets
  • Operational effectiveness
• Document audit procedures, findings, and supporting workpapers in accordance with professional audit standards.
• Prepare clear, concise audit reports, including observations, root cause analysis, and practical recommendations.
• Support compliance assessments related to applicable banking regulations and guidance (e.g., FDIC, OCC, Federal Reserve, state banking regulators).
• Participate in client and internal stakeholder meetings to gather information and communicate audit progress.
• Contribute to project management across multiple audit engagements to ensure timelines and deliverables are met.
• Support continuous improvement initiatives, including development of audit tools, methodologies, and process enhancements.
• Perform other duties as assigned.

Required Qualifications

• Bachelor’s degree in accounting, finance, business administration, or a related field.
• 0–3 years of experience in internal audit, external audit, banking operations, risk management, or related fields (internships accepted).
• Foundational understanding of:
  • Internal control frameworks (e.g., COSO)
  • Audit methodologies and risk assessment techniques
  • Banking operations and regulatory expectations
• Strong analytical and problem-solving skills with attention to detail.
• Effective written and verbal communication skills.
• Ability to manage multiple tasks and work independently and collaboratively in a team environment.
• Demonstrated willingness to learn and develop technical audit and banking knowledge.
• Ability to travel when required (estimated maximum of 25 nights per year).

Preferred Qualifications

• Prior exposure to banking operations, audit engagements, or regulatory compliance through coursework, internships, or work experience.
• Familiarity with auditing standards (e.g., IIA Standards), regulatory guidance, or risk frameworks.
• Experience with data analysis tools (e.g., Excel, SQL, or audit analytics platforms).
• Pursuit of or interest in professional certifications such as CPA, CIA, or CISA.
• Interest in building a long-term career in internal audit, risk advisory, or financial services consulting.

Compensation & Benefits

• Generous time away and paid firm holidays, including the week between Christmas and New Year’s
• Flexible work schedules
• 16 weeks of paid maternity and adoption leave
• 8 weeks of paid parental leave
• 4 weeks of paid and caregiver leave (once eligible)
• Health and wellness benefits, including wellness coaching and mental health counseling
• One-on-one professional coaching
• Leadership and career development programs

Location

• Remote (as indicated by role tag)
• Travel required when needed (estimated maximum of 25 nights per year)

Physical Requirements

While performing the duties of this job, the employee is:

• Regularly required to remain in a stationary position; use hands repetitively to operate standard office equipment; and to talk or hear, both in person and by telephone
• Required to have specific vision abilities, including close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus

Cognitive/Mental Requirements

While performing the duties of this job, the employee is regularly required to:

• Use written and oral communication skills
• Read and interpret data, information, and documents
• Observe and interpret situations
• Work under deadlines with frequent interruptions
• Interact with internal and external customers and others in the course of work