Associate - Risk Advisory

Overview

The organization is seeking an Associate – Risk Advisory to join the Financial Services Group (FSG). The team provides independent, risk-based assurance and advisory services to financial institutions, supporting internal audit engagements and helping strengthen internal controls, regulatory compliance, and operational effectiveness.

This role offers an opportunity to begin or advance a career in internal audit, with exposure to operational, financial, and risk management functions within financial institutions.

Responsibilities

As an Associate, you will support senior team members and gain hands-on experience in internal audit, risk assessment, and operational review. Responsibilities include:

• Assist in performing 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, and 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, and operational effectiveness
• Document audit procedures, findings, and supporting workpapers in accordance with professional audit standards
• Prepare clear and 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 meetings with clients and internal stakeholders to gather information and communicate audit progress
• Contribute to project management across multiple audit engagements, ensuring 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 both 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)
• First-class health and wellness benefits, including wellness coaching and mental health counseling
• One-on-one professional coaching
• Leadership and career development programs
• Access to a program with experiences that help you expand your life, personally and professionally

Location

Nine offices located in the fastest growing cities in the US.

ADA Requirements

The physical and cognitive/mental requirements and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Requirements

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

• Regularly required to remain in a stationary position
• Required to use hands repetitively to operate standard office equipment
• Required to talk or hear, both in person and by telephone
• Required to have specific vision abilities, which include 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