The primary focus of this position is to work on internal audits of the Investment Division of Manulife Financial/John Hancock, based in Boston. The Investment Division is comprised of two investment groups. One manages investment portfolios related to the insurance business, and the other manages third party funds (i.e. mutual funds, institutional client funds), as part of the asset management business. Audits of these businesses cover a wide range of asset classes in both the public and private markets, including equity, fixed income, derivatives, commercial mortgages, timber and agriculture. The investment groups audited include portfolio management & trading (front office), investment operations (back office), middle office functions and compliance.
The senior auditor is accountable for completing assigned audit work of all types and the delivery of high quality, professional, cost-effective, value-added and risk-based audit services. The senior auditor works under the direction of the audit manager and the audit director. The senior auditor will be assigned responsibility to complete specific components of the audit project.
Performs all types of internal audits with a primary focus on operational and financial controls testing (Sarbanes-Oxley).
Completes audit assignments in accordance with department methodology and Institute of Internal Audit (IIA) standards
Manages assignments within time budgets and target dates, reporting any timing problems or budget over-runs to the audit manager
Communicates/conducts interviews with management regarding the risks being managed by business unit; and assists in developing control objectives, “what could go wrong” statements and audit programs to evaluate these risks
Documents controls to mitigate risks, writes and executes audit procedures to test the design and operating effectiveness of these controls
Assists in presenting audit findings and recommendations to business unit management; resolve issues and reach agreement on appropriate solutions to mitigate the risk/impact.
Assists in preparing audit reports, including executive summary and rating of adequacy of control environments, making practical and value-added recommendations to improve controls and the efficiency & effectiveness of operations; audits reports are to be clear, concise and well-organized, and issued within departmental service standards
Follows up on open audit issues until resolved, as assigned.
Provides on the job training and feedback to staff auditors assisting on assignments, and contributing to their development.
Assists business unit management by providing risk management consulting support, education and training.
Travel requirements range from 0 to 5%. The majority of audit work is in the Boston area.
University or College degree is required
A recognized public accounting (CPA), internal auditing (CIA, CFSA), or investment management (CFA) designation is desirable
2 to 4 years of internal/external audit or equivalent business experience.
Experience in auditing Investment related processes is a strong asset
Demonstrated understanding of business processes and their risk implications, analyze situations, reach appropriate conclusions, and make value-added and practical recommendations
Demonstrated knowledge of audit methodologies, project management and system development methodologies, control frameworks and risk management practices, and regulatory requirements
Ability to effectively communicate ideas and recommendations orally and in writing, and to listen and consider ideas of others
Customer focus and commitment to quality
Results oriented; ability to balance multiple priorities and projects
Ability to deal effectively with staff and audit management.
Microsoft Office Skills: Excel, Word, PowerPoint, Visio, Adobe, Power BI, RSA Archer Audit Management software applications
If you are ready to unleash your potential it’s time to start your career with Manulife/John Hancock.
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2017, we had about 35,000 employees, 73,000 agents, and thousands of distribution partners, serving more than 26 million customers. As of September 30, 2018, we had over $1.1 trillion (US$863 billion) in assets under management and administration, and in the previous 12 months we made $27.6 billion in payments to our customers.
Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
Manulife is committed to supporting a culture of diversity and accessibility across the organization. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request an accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.
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