Internal Auditor
OppenheimerFunds, Inc. is one of the largest mutual fund managers in the United States, with around 50 mutual funds and approximately six million shareholder accounts. Since our founding over 50 years ago, OppenheimerFunds has built a business focused on meeting the needs of our clients. Today, we are a strong, tested industry leader committed to investment excellence and providing solutions to meet investors’ needs.
Job Purpose:
Internal Audit performs an independent assessment of risk management, governance and controls of OppenheimerFunds’ processes and provides actionable plans to help enhance the control environment. Internal audits are performed to evaluate the effectiveness of internal controls throughout the OppenheimerFunds enterprise.
Principal Responsibilities:
This Staff Auditor position will be located in our New York office and will be responsible for conducting internal audits and projects primarily related to business functions and processes in our investments, trading and investment risk management departments. The internal audit activities will involve identifying risks and assessing key controls, recommending process and control improvements, and providing reports to relevant stakeholders. The key responsibilities and objectives for this position are:
- Conduct audits and projects that identify the relevant risks in order to evaluate the key control points, operations effectiveness and risk management
- Work in partnership with audit management, business partners and other risk/control functions to help ensure that processes, business activities, and internal controls are effective in managing operational, financial, regulatory and business risks
- Survey the business functions and corporate activities to set audit scope and audit objectives for specific engagements
- Analyze business functions from a financial, operational and compliance perspective
- Determine the approach for testing controls, conduct the testing, document test results and identify control weaknesses
- Communicate control weaknesses with the business partner and recommend appropriate solutions
- Assess the effectiveness of remedial actions put in place by the business partner to determine the identified control weaknesses have been adequately addressed
- Prepare reports that communicate audit results for senior management and applicable Boards of Directors/Trustees
- Conduct audits and projects in accordance with professional standards and department policies and procedures as they relate to specific business functions and/or corporate activities
- Adhere to all applicable industry and corporate audit standards
- Contribute ideas that strengthen internal audit practices and other risk/control efforts
Competencies for Success/Requirements:
This individual needs to possess strong knowledge and skills in relation to audit/control concepts and analytic activities with direct experience in the internal or external audit field. This position also requires significant relevant experience in auditing the portfolio management, investment risk management and trading desk functions.
- Progressive internal/external audit experience (3-5+ years)
- Significant experience auditing portfolio management, investment risk management or portfolio trading areas (3-5+ years)
- Understanding of audit, internal control, risk and governance principles
- Strong analytic and problem-solving skills
- Understanding of workflows and business processes
- Ability to identify solutions that effectively address business and control needs
- Strong negotiation, written and verbal communication skills
- Motivated self-starter with high aptitude for learning and strong track record
- Ability to work remotely and good personal discipline
- Ability to transition daily between collaborative team work and independent contribution
- Possesses high creativity, integrity, professional skepticism, a high degree of inquisitiveness and a strong business sense
- Commitment to excellence and continual improvement
- Commands respect and credibility with team members and business partners
- Anticipates future possibilities, opportunities and risks
- Handles ambiguity with sound business judgment and partnership
- Ability to multi-task effectively in a fast paced environment
- High responsiveness and flexibility to changing business priorities and tight deadlines
- Ability to work with business partners across organizations
- Bachelor’s degree in accounting, finance, or related business field
- CFA, CIA, or CFSA desired, MBA, or CPA, are a plus
OFI Core Competencies
Leadership and Communication
Has passion to win; champions change and innovation; motivates others to follow despite ambiguity; addresses conflict and makes tough decisions; builds coalitions; does not place self before others; accepts ownership and accountability; inspires trust; fosters open communication.
Planning and Execution
Conducts careful and systematic analysis; drives for results; follows through on commitments; aligns, plans, develops and deploys coherent goals; ensures customer loyalty through continuously improving performance, products and services.
Business Insight
Understands business context; possesses necessary financial acumen and broad understanding of financial services; maximizes technology.
Personal Credibility
Is interpersonally savvy; peaks and presents effectively; continuously learns and grows; develops self; grasps development opportunities; breaks out of silos; listens to others; is successful and resilient.
Corporate Values
The candidate must be comfortable with continuous change and demonstrate commitment by abiding to OFI’s Corporate Values: 1. Excellence, 2. Integrity, 3. Collaboration, 4. Passion.
EOE.
