Location Brookfield Place New York - 250 Vesey Street, 15th Floor
Brookfield Culture Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.
Job Description The Senior Auditor will contribute to the third line of defense for Brookfield's Asset Management business, including its regulated investment advisory and broker-dealer activities. Working under the general direction of the Audit Manager, the Senior Auditor will conduct risk-based audit and advisory engagements to provide assurance over BAM's compliance with the Investment Advisers Act of 1940 and related fiduciary obligations. Engagement focus areas include anti-bribery & corruption, anti-money laundering, asset valuations, conflicts of interest, custody, fees & expenses, investment due diligence, marketing & solicitation, and material non-public information. As a Senior Auditor, you will work closely with the Asset Management IA team in project teams of 2-5 individuals, as well as internal stakeholders across Legal & Compliance, Financial Operations, and Portfolio Management functions. This experience will not only provide you with exposure to the business by auditing our North American investment advisory business, but also a deep understanding of other business processes in a dynamic and global organization. The Senior Auditor will develop comprehensive engagement files, including audit programs, process documentation and testing sheets, in addition to drafting audit findings, recommendations, and reports. The Senior Auditor requires a solid working knowledge of internal controls and the application of appropriate internal auditing standards, procedures, and techniques. The Senior Auditor should also bring a baseline understanding of the rules and regulations applicable to investment advisers and private funds, and curiosity to continue to learn about regulatory developments and market changes. The Senior Auditor will support multiple members of the management team with different needs and working styles and develop team members through shared leadership. Brookfield is a team of top performers and if you are effective in your role, you will be given autonomy and opportunity to grow and develop. Responsibilities The responsibilities of this position would include, but are not limited to: - Plan and execute internal audit and advisory projects, including risk assessment, audit program design, development of risk-based test procedures, and preparation of audit working papers in accordance with the Internal Audit Manual.
- Independently lead process walkthroughs and interviews with internal process owners, develop controls documentation, and critically analyze relevant documentation
- Communicate on assigned deliverables to the engagement team and lead in a manner that is clear and concise to facilitate timely completion of audit projects
- Direct and provide guidance to more junior auditors in daily responsibilities, including supervising and reviewing work products
- Identify process deficiencies, improvement opportunities, and root cause, and validate exceptions with process owners and management.
- Write and present clear, concise, and constructive findings based on facts, severity, and potential impact.
- Recommend economically feasible and practical remediation actions to auditees and Compliance senior management in a constructive and professional way.
- Monitor progress of remediation plan implementation and perform follow-up procedures to assess the adequacy of the corrective action.
- Establish and maintain effective working relationships with our stakeholders across Brookfield, including senior management, auditees, and external audit teams, to foster meaningful partnerships
- Assist in training, motivating, and developing more junior team members, including sharing information and explaining complicated concepts or analysis in a simple way
- Assist in quarterly audit committee reporting and annual audit planning activities.
- Lead or contribute to departmental initiatives
- Maintain departmental standards and quality of audit engagements in line with the Internal Audit Manual and the Institute of Internal Audit (IIA) Standards
Salary Range: $90k - $100K Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education and designations Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment. Brookfield is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act. Should you require a Human Rights Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.