Audit Analytics Job Description
Audit Analytics Duties & Responsibilities
To write an effective audit analytics job description, begin by listing detailed duties, responsibilities and expectations. We have included audit analytics job description templates that you can modify and use.
Sample responsibilities for this position include:
Audit Analytics Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Audit Analytics
List any licenses or certifications required by the position: CISA, CPA, CIA, CFE, CISSP, CDMP, MCSE, MCSA, CISM, PMP
Education for Audit Analytics
Typically a job would require a certain level of education.
Employers hiring for the audit analytics job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Computer Science, Accounting, Finance, Business, Statistics, Information Systems, Mathematics, Science, Economics, Management Information Systems
Skills for Audit Analytics
Desired skills for audit analytics include:
Desired experience for audit analytics includes:
Audit Analytics Examples
Audit Analytics Job Description
- Helping to develop junior staff / analysts
- Collaborate effectively with Internal Audit team and management to understand data, analytical, and reporting needs
- Identify access, consolidate and manage data that is relevant to support audit objectives
- Partner with AM/CB auditors/managers to analyze needs and recommend solutions to help execute audit activities in the most effective way by enabling full-population (vs
- Perform audit work including risk assessments, planning, testing, evaluation, report creation, documentation, and determining effectiveness of risk mitigation plans
- Build and manage relationships with key technology infrastructure stakeholders
- Provide expertise in any infrastructure domain - servers, network, data centre, OS, middleware, messaging, security
- Continuously expand and upgrade knowledge and skills by utilising resources such as reading materials, industry webinars and attending training workshops
- Conducting daily audits and quality control checks on outbound emails
- Tracking statistics such as the time it takes to respond to user inquiries
- Little travel is involved, however on occasion there may be opportunities to participate on audits beyond planning
- Bank regulatory experience (compliance, risk management, loan review, AML, FCPA)
- Self-starter who actively seeks out new opportunities and improvements to existing solutions
- Solid skills with computers, operating systems and software (MS Office Suite, MS Project, and other IT applications)
- Proven ability to articulate complex concepts in a concise manner in both written and verbal presentations across all levels of management
- IT Internal audit or risk experience within a Financial Services or Big 4 accountancy practice environment
Audit Analytics Job Description
- Coordinates and supports detail-orientated and complex analysis of audit-related data, such as routine thematic trending and look-back reporting to senior leadership
- Supports operations within the Professional Practices and Innovation team by proactively creating efficient ways to extract CAS department data, validating accuracy of data, and building user-friendly visual analytic exception reporting and key performance metrics for the department
- Proactively monitors changes to industry and regulatory requirements and guidance, presents recommendations, and incorporates enhancements into the quality control program, the continuous monitoring program, and other activities
- Maintains accurate and complete documentation, policies and desktop procedures for quality control reviews and activities performed
- Supports internal improvement efforts in effectiveness and productivity, including developing and implementing process/workflow improvements and implementing special initiatives related to CAS imperatives (i.e., updates to methodology and/or training)
- Excellent verbal and written communications in working with management, peers, and others, while remaining objective
- Ability to positively influence and coordinate/implement enhancements across a team
- Develop, implement, and oversee strategy, system design, and implementation of fraud and abuse reporting processes
- Create, maintain, and enhance a library of algorithms and ad hoc reporting capabilities and integrate them into operational processes
- Provide leadership in multiple complex projects concurrently, providing transparency on status and results
- Bachelor’s Degree, 10+ years as an internal auditor (public accounting and/or corporate)
- Data Analytics Audit) - Some experience in data analysis within audit
- Exposure to of the major BI Reporting tools such as Business Objects
- Knowledge of and experience with reporting packages (Business Objects ) or programming (Javascript, SQL ) desirable
- Ability to visualise and understand large complex structures
- Articulate and able to challenge approaches with alternative options
Audit Analytics Job Description
- Plan and conduct audits to assess controls, operational effectiveness and compliance with selected policies, procedures and regulations
- Ensure work papers are adequately documented and audit evidence is sufficient
- Elicit information from knowledgeable internal/external sources about areas and functions to determine appropriate audit direction/methodology
- Assist external auditors as appropriate
- Work with the audit teams to obtain data, design tests to support the audit plan
- Perform audit steps assigned as part of SOX 404 testing and/or other risk-rated audits
- Identifies and manage required changes to all applicable policies and procedures and coordinate appropriate training
- Consult/collaborate with Internal Audit Leadership on implementing and enhancing Data Analytics use within audits including determining and documenting the requirements, roles and responsibilities, training
- Perform internal audit work related to AML models and provide input to all audits involving AML models across all audit groups, support audits addressing overall model governance and model validation
- Maintain all organizational and professional ethical standards, and work independently under general supervision
- Default and loss modelling
- Knowledge of current economic and market trends
- Understanding of loans, mortgages and similar debt types
- Project and people management capabilities
- Able to work as both leader or member of a team, adapting to suit the situation
- Experience of structured products from a modelling or valuation point of view
Audit Analytics Job Description
- Assist with audits conducted across the enterprise, with a specific focus on AML and Sanctions models
- Actimize, AML monitoring systems and Bridger experience a plus
- Knowledge of laws and regulations applicable to anti-money laundering
- Must have a strong background in statistical techniques (especially discriminant analysis, regression, decision trees) and methodologies (sampling approaches)
- Lead and support tasks on engagements related but not limited to Operations & Maintenance, Helpdesk Operations, Software and Application Development and Maintenance, Financial Operations, and Project and Acquisition Management
- Develop and maintain Internal Audit’s data analytics program and methodology
- Develop the framework and procedures of the department’s data analytics program
- Discuss results from the data analytics program with the audit team and business line stakeholders
- Maintain positive team relationship by demonstrating and supporting initiative, willingness to learn, flexibility, respect, cooperation and commitment to the success of the internal audit process
- Use knowledge of company/industry practices and processes to provide strategic direction to audit/analytics staff on the use of analytics for audit planning and throughout the audit other reviews and projects
- Knowledge and previous experience of PD / LGD / EAD modelling
- MS Excel including VBA
- Motivation and commitment, with a proven ability to work on own initiative within a challenging and dynamic environment
- Good knowledge and experience of the financial services industry
- Confidence and proficiency in written and oral communication
- Knowledge and experience of PD/LGD/EAD modelling
Audit Analytics Job Description
- Provide strategic direction on the execution of the analytics strategic plan which includes, but may not be limited to expanding analytics for use in planning and continually enhancing services provided by the data analytics team including training on analytics and analytical tools, data pulls
- Maintain up-to-date knowledge of business and profession (analytics, analytical tools )
- Supervising and/or performing audit analytics engagements across GIA by working with teams of internal auditors and/or third parties to scope, execute, and deliver analytics projects
- Analyzing, reviewing,and delivering clear, concise audit analytics results
- Analyzing and identifying risk areas to apply audit analytics that will evaluate the controls in place which mitigate those risks
- Building internal relationships across functions to better understand the business and its risks, to help enhance the reputation of the PPG function of GIA
- Remaining aware of global audit analytics and data risks by maintaining a thorough knowledge and understanding of industry trends and updates
- Strong preference for knowledge of HCC (health care compliance and privacy)/fraud and abuse laws
- 1+ experience in a large financial services institution or 1+ year experience servicing a large financial services institution
- Proficient with Microsoft Excel, Access, Word, PowerPoint, Outlook
- Knowledgeable in CMS reporting, documentation, validation audits, routine and special requests, and submissions
- Experience in managing vendors appropriately to meet desired goals and SLAs
- Experience in producing productivity tracking and operational results reports / dashboards