Financial / Operational Internal Audit Manager
Job Description
At Edward Jones, we help clients achieve their serious, long-term financial goals by understanding their needs and implementing tailored solutions. To ensure a personal client experience, we have located our 15,000+ branch offices where our more than 7 million clients live and work.
In a typical branch office, a financial advisor meets with clients and receives branch office support, so they can focus on building deep relationships with clients. Headquarters associates in St. Louis, Tempe and Mississauga provide support and expertise to help U.S. and Canada branch teams deliver an ideal client experience. We continue to grow to meet the needs of long-term individual investors.
Job-Overview
Responsible for leading a team of financial/operational auditors in their audit work, which includes performing a detailed review of all work performed by auditors to ensure accuracy, completeness and risks are adequately identified/addressed and written/verbal communications with the auditee are appropriate. Also responsible for communicating status of projects (audit, regulatory or Sarbanes-Oxley) and issues identified to the Financial/Operational Audit Senior Manager assigned to the work. Will also have a role, with guidance from the Financial/Operational Audit Senior Managers, in completing the annual risk assessment to determine the areas of audit focus for the year and scheduling, as well as performing ongoing monitoring of key measures across the firm. Responsible for ensuring successful performance and development of auditors by providing timely and valuable feedback regarding performance and development. Will also interface with Audit Director and other senior leaders of the firm in presenting the results of audit work.
Skills-Requirements
Education/Certification
An undergraduate business degree is required, an emphasis in accounting or finance is preferred. Graduate degree is preferred.
CPA or CIA is required
Series 7 and 63 are required or must be obtained within 12 months of hire
Minimum Years Of Experience Required
Six or more years audit experience is required (public accounting and/or large corporate internal audit experience is preferred) with at least one year people leadership experience. Experience in the financial services industry is preferred and experience with Edward Jones is a plus.
Depth of knowledge of principles and practices
Understanding of audit terminology, practices and documentation standards.
Knowledge of GAAP, COSO, IIA and other professional standards
Experience with Sarbanes-Oxley and other SSAE 16 reviews.
Experience managing multiple projects with a sense of urgency.
Experience evaluating risk to scope audit work.
Experience identifying controls and developing effective tests for those controls.
Experience analyzing control design and effectiveness and evaluating findings.
Experience utilizing IDEA, ACL or other similar tools to perform audit work.
Experience writing and presenting audit reports.
Experience working in a highly regulated environment.
Experience with SSAE16s or other regulatory attestations.
Problem Solving
Through the review of audit workpapers and discussions with the auditors, must be able to understand key business processes across multiple divisions of the firm. Recognize, analyze and assess business, regulatory, operational and regulatory risks present in firm processes. Assess controls in place to address the identified risks and ensure tests developed by auditors validate the effectiveness of controls. Assist auditors in developing solutions to complex issues as needed. If control gaps or deficiencies are noted, must be able to communicate these to the impacted area and make recommendations to improve the control structure where necessary. Many of the audit activities involve functions governed by regulations, so must have the ability to research regulations and apply them to firm activities. Projects may include responsibilities of multiple departments, so the Manager must be able to assess the entire process and any impact to upstream or downstream processes.
Decision Making
The decisions made in this position are often complex and unique depending on the process/area being audited. The Manager works with the auditors to assess if control gaps/deficiencies identified are driven by underlying/systemic issues. Decisions must be made as to the significance of such gaps/deficiencies, which is not always clear. Responsible for ensuring communication of observations is escalated to the appropriate level of leadership in the department being audited. Decisions made by the Manager are subject to review by the Financial/Operational Audit Senior Managers.
Span Of Influence
Audit work led by the Manager can have a broad span of influence, depending on the area being audited. Poor decisions could result in control gaps/deficiencies being missed, exposing the firm to increased business, financial, operational or regulatory risk. Audit observations can influence actions taken throughout the firm and are visible to senior management when more significant. Audit observations could influence firm or individual department strategies and processes and could take significant time and effort to address.
The Manager has influence over work performed by senior and staff auditors. The Manager also has HR responsibility for a team of auditors, including on-boarding, trimester and annual reviews, coaching, development, performance discipline and is also actively involved in interviewing/hiring new auditors.
Awards-Accolades
2021 FORTUNE 100 Best Companies to Work For® By Great Place to Work® and FORTUNE Magazine – Edward Jones was named No. 20 on the list.
From FORTUNE ©2021 FORTUNE Media IP Limited. All rights reserved. Used under license. FORTUNE and FORTUNE 100 Best Companies to Work For are registered trademarks of Fortune Media IP Limited and are used under license. FORTUNE and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Edward Jones Investments.
2021 Corporate Equality Index – Edward Jones joins the ranks of 767 major U.S. businesses that received top marks in the Foundation’s 19th annual scorecard on LGBTQ workplace equality.
From The Human Rights Campaign. All Rights Reserved
2021 Training Top 100 list – Edward Jones ranked No. 19, up six spots from last year in its 21st consecutive year on this prestigious list.
J.D. Power, 2021 – Edward Jones has ranked “highest in Employee Advisor Satisfaction among Financial Investment Firms” in the J.D. Power 2021 U.S. Financial Advisor Satisfaction Study.
Edward Jones received the highest score among employee advisors in the J.D. Power 2007,2008, 2010, 2012-2015, 2017-2021 Financial Advisor Satisfaction Studies of employee advisors’ satisfaction among those who are employed by an investment services firm. Visit jdpower.com/awards for more information.
EEO
Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.
