Independence Compliance Audit Associate

Job description

Join our Core Business Services (CBS) team and you will help support the important business enablement functions that keep our organization running strong. As a CBS professional, you will work across teams to provide the knowledge, resources and tools that help EY deliver exceptional quality service to our clients, win in the marketplace and support EY's growth and profitability. Major teams within CBS include Finance, Information Technology, Human Resources, Enterprise Support Services, Brand Marketing and Communications, Business Development, Knowledge and Risk Management.

Join our Risk Management team and help protect EY from risks that arise from its professional practice. Risk Management teams provide coordinated advice and assistance on independence, conflicts, regulatory and risk management issues, as well as dealing with claims, and any queries regarding the organization's ethics. You'll help us meet our compliance responsibilities while supporting our client-facing teams as they deliver quality service to their clients.

With so many offerings, you have the opportunity to develop your career through a broad scope of engagements, mentoring and formal learning. That's how we develop outstanding leaders who team to deliver on our promises to all of our stakeholders, and in so doing, play a critical role in building a better working world for our people, for our clients and for our communities. Sound interesting? Well this is just the beginning. Because whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.
Job Summary:

As Independence Compliance Associate, you'll be responsible for auditing the personal financial independence of EY personnel thereby helping to mitigate this area of risk for the firm. This position requires a general understanding of audit principles; and is responsible for learning Quality and Risk Management (Q&RM) policies, determining required actions to standard situations and making recommendations based on firm guidance and professional standards. As the work product may be subject to review and scrutiny by outside regulators, you'll be responsible for reviewing and analyzing highly sensitive information and documenting the diligence with which tasks were performed and the conclusions reached.

As Independence Compliance Associate you must be prepared to communicate with team members at all levels. Interaction with auditees of all ranks, up to and including partners, is a regular facet of the role. In addition, this position requires knowledge that has been expanded through exposure to diverse standard Q&RM situations and requires the ability to provide counsel or guidance on standard issues and contributes to discussions on highly complex matters that deviate substantially from the norm.

This position works independently with periodic feedback, taking responsibility for audits conducting necessary research or auditee outreach. You'll be expected to be prepared to interface with EY personnel at all levels and must be able to demonstrate knowledge of area of operations and communicate processes, identifying issues and providing solutions for mitigating risk.

The Independence Compliance Associate position requires independent decision making skills in deciding whether investments are allowable or not. This position responds to or works on standard to highly complex non-standard matters that deviate substantially from the norm. You will gain the knowledge and experience to appropriately determine when to escalate issues that require additional review by more senior team members to obtain the correct answer or solution.

This position requires judgment on initial or escalated audit matters and an understanding of key requirements of firm Independence policies and regulator's independence rules. You'll reference existing policies and knowledge and experience to review situations, investigate matters through consultation and through inquiry of the auditee and propose solutions to issues.

Key Responsibilities:
·  Understand and apply knowledge of key requirements of firm and regulators' independence rules and policies
·  Perform audits of the personal financial information of EY personnel, including line partners and senior firm executives, using an established audit program for compliance with reporting requirements, EY policies and regulatory pronouncements with regard to personal financial independence of proscribed entities
·  Review information provided by auditees including supporting documentation and information entered into firm monitoring databases
·  Conduct necessary research to resolve whether a personal financial relationship is permitted or prohibited
·  Document work processes and findings appropriately
·  Communicate effectively and appropriately with auditees to clarify and/or obtain additional information. Express needs clearly, provide guidance, answer questions and listen to their needs/concerns
·  Facilitate and drive the process to completion by following up on requests to auditees
·  Propose suggestions and solutions for improvements and/or develop deliverables by leveraging audit knowledge, firm experience and existing Q&RM processes
·  Manage tasks and activities in a timely manner, support colleagues to meet their deadlines and responsible for specific outcomes
·  Maintain and expand current knowledge of field and communicates new developments and resulting impacts to clients and team members
·  Develop relationships and build a network of people within Q&RM and across the firm through regular interaction
·  Monthly audit productivity requirements, contribute to additional projects to support the needs and goals of the team
·  Exercise judgment in how to accomplish the objectives of designated projects or parts of projects
To qualify, candidates must have:
·  Good interpersonal and responsive customer service skills
·  Strong oral and written communications skills
·  Able to develop a broad knowledge of the firm and its practices
·  Able to successfully handle multiple tasks
·  Good working knowledge of computers and common software packages
·  Knowledge of firm and regulators' independence rules
·  Experience performing internal or external audits
·  Organizational skills and attention to detail
·  Problem solving and research skills
·  Exercise high levels of discretion as entrusted with highly sensitive and confidential data
·  Flexibility
·  Overtime will be required throughout the year and will vary based on volume of work in the pipeline
·  A minimum of 1-3 years related work experience
·  Bachelor's degree; or equivalent work experience
Ernst & Young LLP, an equal employment opportunity employer (Females/Minorities/Protected Veterans/Disabled), values the diversity of our workforce and the knowledge of our people.

 

EY provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status.