Compliance Auditor

Compliance Auditor

The Compliance Auditor provides independent and objective assurance services to determine the design and operating effectiveness of key controls and validation of compliance with SETF policies and procedures, federal and state regulations, and other client, regulatory,or legal guidelines relevant to our core business. The Compliance Auditor will work closely with operational teams and senior management in the review and testing of compliance controls.

Responsibilities

• Analyzing potential risks within specific areas of the company to avoid compliance issues
• Inspecting and validating control enhancements and process changes implemented to mitigate risk.
• Conducting ongoing testing of internal processes as assigned by the Compliance Manager or Chief Compliance Officer to ensure compliance with policies and procedures
• Maintaining a high level of independence to be able to assure the effectiveness of internal controls, business processes, policies, procedures, and regulatory compliance.
• Documenting test work, exceptions, observations, and making recommendations to enhance controls and/or identify opportunities for improved efficiencies.
• Obtaining responses to the testing exceptions and ensuring the responses address the identified control/process weakness or deficiency.
• Assisting in preparing reports that summarize the testing and rank by risk the exceptions and recommendations.
• Reporting the results of testing and audits to Legal and Operations Management in a clear and concise manner.
• Performing follow-up testing, as needed, to ensure all agreed-upon actions have been completed.
• Conducting periodic assessments of key vendors (on-site and virtual, as applicable)
• Reviewing records, reports, systems, and any other relevant programs and activities affected by regulations
• Making recommended changes to procedures or practices that are not in compliance with stated regulations, and helping implement a plan to address such changes
• Documenting operational process changes based on policy updates, partnering with Operations and/or IT to implement process and system changes, and training associates on resulting process changes.
• Training associates on process changes
• Reporting the results of testing and audits to Legal and Operations Management in a clear and concise manner

Depending on the candidate's experience, demonstrated expertise, and scope of responsibilities assigned, in addition to the responsibilities above, a senior-level candidate's role includes, but is not limited to:

• Developing risk-based programs to test key processes and controls.
• Leading other auditors and coordinating testing/projects, as assigned, to ensure timely completion.
• Independently preparing reports that summarize the testing and rank by risk the exceptions and recommendations.
• Presenting testing findings and recommendations to all levels of management.

Qualifications

• Bachelor's degree or higher preferred
• 3–7 years of experience in operations, project management, compliance, legal, or audit
• Excellent verbal and written communication, organizational, and interpersonal skills
• Proven ability to multitask, prioritize work, and manage projects to successful completion
• Proficient in Microsoft Word, Excel, and PowerPoint
• Candidate must be available for overnight travel when required
• Sound professional judgment and operational knowledge to assess the current state of a business area, compare it to what should be, and recommend appropriate action
• Ability to build and sustain strong relationships with audit clients across all business units and all levels of leadership
• Collaborative team player who works effectively with the Legal and Compliance team, shares knowledge, and supports others where needed
• Ability to prioritize and work on multiple concurrent audits, projects, and compliance-related activities as requested

In addition to the qualifications above, a senior-level candidate should also demonstrate:

• Strong planning skills — sets objectives and goals, breaks work into clear process steps, develops schedules and assignments, and anticipates and adjusts for problems or roadblocks
• Ability to deal with ambiguity — effectively copes with change, acts without the total picture, and handles risk and uncertainty with composure
• Skilled negotiation abilities — navigates difficult situations with internal and external groups diplomatically, is direct yet tactful, and quickly gains the trust of others
• Comfort engaging with higher management — communicates confidently with upper management, understands how senior leaders think, and tailors information for maximum impact