Associate - Risk Advisory

Overview

This role supports the execution of internal audit engagements for financial institutions, helping strengthen internal controls, improve operational effectiveness, and ensure regulatory compliance.

The Associate will work with senior team members in the Financial Services Group (FSG), gaining hands-on experience across operational, financial, and risk management functions.

Responsibilities

• 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 the evaluation of 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 Beyond: a one-of-a-kind program with experiences that help you expand your life, personally and professionally

Physical & Cognitive/Mental Requirements

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Physical Requirements

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

Cognitive/Mental Requirements

• 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