Risk & Controls Associate

Flourish•New York, NY

2d•$88,300 - $115,900

About The Position

The Flourish Risk & Controls team is responsible for monitoring risk across Flourish and providing insights to enable effective risk management. As a member of the team, you will advise the business, including product and engineering groups, while identifying areas of risk and making recommendations on mitigating controls. You will contribute to the strategic development of the controls strategy for the business and assist in the decision making process for business initiatives including product launches and system implementations. You will partner with leaders and stakeholders across the organization to achieve a strong control environment that enhances and protects organizational value. As a member of the team, you will contribute to the execution of the annual risk assessment process and design and execute risk-based audit programs to address the identified risks and compliance requirements. You will prepare audit reports to document audit scope, procedures, findings, and recommendations. You will interpret the significance of audit findings, draw conclusions from findings, and make practical recommendations for remediation. You will communicate with and educate process owners on the importance of controls, an effective control environment, and the role of the team.

Requirements

Bachelor's degree in Business, Finance, Accounting, or related field, or equivalent experience
3+ years of work experience in an audit, advisory consulting, or risk management role
Experience designing, testing, implementing internal controls and reviewing business processes
Ability to interact with all levels, set objectives, and create results
Ability to navigate through ambiguity
Ability to manage and coordinate multiple project assignments simultaneously in a fast-paced environment
Ability and willingness to take initiative to address problems and make continuous process improvements
Excellent communication skills, with the ability to work with a wide variety of stakeholders

Nice To Haves

CPA, CA, CIA, or related experience
Knowledge of broker-dealer compliance requirements, including SEC Rule 17a-5
Knowledge of NAIC Model Law on Suitability in Annuity Transactions
Knowledge of the AICPA Trust Services Criteria for SOC 2 Examinations

Responsibilities

Maintain the inventory of internal controls and assist control owners in their knowledge and understanding of the controls they own
Support the design and documentation of controls and where appropriate framework, policy, and process documentation to support those controls
Coordinate the annual risk assessment process and assist management in identifying and mitigating risks
Assist with holistic risk quantification and mitigation efforts across business units
Develop internal audit scope and audit plans
Acquire, analyze, and evaluate documentation to execute audit plans
Prepare and present reports that reflect audit results
Maintain open communication with teams and leadership across the organization
Manage the relationship with the external auditors
Project manage the external audits across multiple regulatory regimes including the audit preparation process and communication between auditors and control owners
Actively identify areas to improve operations and independently handle broad-scope projects