Audit Associate

Company Description:

As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.

With over 3,700 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.

1.Specific Responsibilities

The Audit Associate is responsible for planning, performing, reporting, and following up on specific audit assignments under the guidance of the Chief Audit Officer, SMD of Non-US, and/or Audit Management (Audit Director, Audit Manager, Audit Team Leader). Specifically, this individual will report to the Vice President – Audit Manager – Luxembourg and work with the Europe Team to carry out Luxembourg/European audit activities.

·The Audit Associate will be responsible for carrying out the following duties:

• Assist Audit Management in carrying out the annual audit plan by the following means:

• Assist in planning the scope of audits.

• Prepare audit programs and execute comprehensive audits in various operational and financial areas of the company, both domestic and international.

• Participate in audit planning, progress, and wrap-up meetings.

• Recommend corrective actions or business resolutions, if required, and follow up on implementation.

• Prepare audit workpapers that evidence completion of audit and form an adequate basis for the audit report.

• Prepare drafts of audit reports.

• Assess the accuracy and adequacy of information and the Company’s internal control structure by:

  • Reviewing transactions, documents, records, reports, accounting and operational methodologies

  • Using inquiry and observation

  • Employing analytical review procedures

• Assist Audit Management in accomplishing certain administrative tasks:

  • Preparation of annual risk assessments

  • Preparation of Annual audit plan

  • Preparation of commentary for the Audit and Risk Committee material

·Job Expectations

The Audit Associate is also expected to:

• Keep current as to the development of relevant industry, regulatory and corporate matters that may affect the Internal Audit Department’s audit scope.

• Work in cooperation with other team members and Audit Management.

• Possess experience in auditing financial and operational controls within a wide range of business processes (within either an external or internal audit environment) or similar risk and control assessment skills gained in business operations, risk or compliance.

• Have exposure to, or understanding of, regulations for financial services clients.

• Possess strong analytical and project management skills.

• Manage and deliver against deadlines while working on multiple projects.

• Be culturally adaptable with the ability to work in continually changing work environments.

Candidates must have the flexibility and ability to occasionally travel to international locations if required.

What makes this role unique or interesting (if applicable)?

• Obtain a holistic understanding of departments and SBU’s at AB.

• Exposure to AB’s top management and the ability to influence change and mitigate risk across the entire organization.

Qualifications, Experience, Education:

This position requires:

• A university degree.

• Up to 3 years audit experience on the buy side of the global financial services industry. Experience in the follow areas: Research, Portfolio Management, Buy-Side trading, including quantitative/algo trading, Investment Management Operations, Institutional Sales and Marketing, Regulatory and Investment Compliance.

• Experience in the asset management industry (including alternatives and mutual funds) is a major plus.

• Professional Certification (CIA, CPA, CFA etc.,) or Advanced Degree preferred.

• Strong written and oral communication skills are a must.

• Strong interpersonal skills.

Pune, India