Temporary Senior Associate- Global Banks Risk and Controls
Top Benefits
About the role
Location: Toronto, ON
Time type: Full time
Job level: Senior Associate
Job type: Temporary (Fixed Term)
Category: Temporary Workforce
ID: JR113849
About us
We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, inclusive culture and talent experience and our ability to be compelling to our clients. You’ll find an environment that inspires and empowers you to thrive both personally and professionally. There’s no one like you and that’s why there’s nowhere like RSM.
Senior Associate – Global Banks Risk and Controls
We are looking for experienced professionals to join our rapidly growing Global Banking Risk Consulting Practice, focused on Process Risk and Controls Consulting. Candidates for this role will join a diverse, high performing team of professionals with extensive experience working with top Global Banking institutions in a multitude of capacities.
Senior Associates have front line exposure to the detailed work that our project teams are executing daily and are central to delivering on our brand promise of The Power of Being Understood. You will focus on serving our Global Banking clients and will be an integral team member by assisting with planning of projects, conducting fieldwork, discussing findings and observations during client exit meetings, preparing work papers to support conclusions, reviewing staff work papers, and assisting in the presentation of the results of our work to client stakeholders, both within the IT organization and with business operations.
Key Responsibilities
Technical Experience
- Possess a strong understanding of internal controls concepts and their application in differentiated client environments, specifically within complex global banking organizations.
- Capable of conducting fieldwork independently, with guidance from client and project team members, while having the opportunity to lead more junior team members and sharing knowledge and coaching on how to execute against project objectives.
- Prior practical experience with understanding and independently assessing policies, procedures, and controls of our clients’ business processes.
- Have a fundamental understanding of strategic planning and other business matters, helping their project team to identify emerging risks and opportunities.
- Prior practical experience with identifying internal controls, assessing their design and operational effectiveness, identifying where controls have not operated effectively, present potential risk exposures to project team members and assist in the development of remediation plans to support providing remediation guidance to clients.
- Know how to review, document, evaluate, and test application controls, especially automated ones, for various software applications across different client business processes.
- Understand the use of key reports, data transmissions, input/output data controls, and data lineage in business operations.
- Ability to identify and interpret technical findings and draft recommendations that will be presented to a broad range of both business and information technology client stakeholders.
- Desire to research and identify emerging trends within the global banking sector (e.g. machine learning/automation, use of data and analytics, etc.).
- Prior introduction to working with various control frameworks.
- Internal Controls Experience: testing and designing of internal controls as well as process walk through experience.
- Demonstrated experience in evaluating and validating regulatory compliance requirements, including identifying gaps and recommending corrective actions.
- Familiarity with regulatory frameworks such as OSFI guidelines in Canada along with OCC and FRB guidelines in the US, and their implications on operational controls and risk management.
- Experience supporting regulatory audits and preparing documentation for regulatory review is a plus.
Client Experience
- Continually demonstrate an eagerness and willingness to learn more about the Global Banking sector and the clients that we serve in in this space and leverage your understanding to advance towards becoming your clients’ trusted advisor.
- Exhibit basic knowledge of key global banking industry fundamentals, regulatory environment, and terminology.
- Identify current and relevant global banking industry thought leadership and share with clients as relevant.
- Owns process level client relationships and collaboration with external stakeholders.
- Prepare/Review initial drafts and follow-ups on client request lists.
- Participate in risk assessment management interviews. Update risk assessment models and complete initial draft of identified risks.
- Prepare and conduct tests of the operating effectiveness of clients’ internal controls.
- Draft internal controls operational effectiveness test plans or work programs for review by senior members of the team.
- Create/review narratives or flowcharts for a process. Identify and review all risks and controls for a process as needed.
- Manage budgets and provide accurate analysis of estimates to complete to project leader.
- Review and complete status documents for client delivery.
- Prepares initial draft of client facing reports.
Position Qualifications
- Bachelor's or Master’s degree
- Minimum of four (4) years of practical experience.
- Advanced level Excel and reporting skills as well as can create Power BI and Tableau Dashboard/Reports from scratch.
- Demonstrated knowledge of regulatory compliance principles and experience validating adherence to regulatory standards.
- Ability to travel to meet client needs and work collaboratively with others in-person and remotely.
- Effective communication skills, both verbally and in writing.
- Effective time management and prioritization skills.
At RSM, we offer a competitive benefits and compensation package for all our people. We offer flexibility in your schedule, empowering you to balance life’s demands, while also maintaining your ability to serve clients. Learn more about our total rewards at https://rsmcanada.com/careers/life-at-rsm/rewards-and-benefits.html.
RSM does not tolerate discrimination and/or harassment based on race; colour; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender (including gender identity and/or gender expression); sexual orientation; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the Canadian uniformed service; Canadian Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable provincial employment legislation.
Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership. RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.
At RSM, an employee’s pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.
Compensation Range: $56 - $84 per hour
About RSM
RSM is a leading global network of assurance, tax and consulting firms focused on the middle-market. We share skills, insight and resources, as well as a client-centric approach that's based on a deep understanding of your business. This is how we empower you to move forward with confidence. This is The Power of Being Understood.
Temporary Senior Associate- Global Banks Risk and Controls
Top Benefits
About the role
Location: Toronto, ON
Time type: Full time
Job level: Senior Associate
Job type: Temporary (Fixed Term)
Category: Temporary Workforce
ID: JR113849
About us
We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, inclusive culture and talent experience and our ability to be compelling to our clients. You’ll find an environment that inspires and empowers you to thrive both personally and professionally. There’s no one like you and that’s why there’s nowhere like RSM.
Senior Associate – Global Banks Risk and Controls
We are looking for experienced professionals to join our rapidly growing Global Banking Risk Consulting Practice, focused on Process Risk and Controls Consulting. Candidates for this role will join a diverse, high performing team of professionals with extensive experience working with top Global Banking institutions in a multitude of capacities.
Senior Associates have front line exposure to the detailed work that our project teams are executing daily and are central to delivering on our brand promise of The Power of Being Understood. You will focus on serving our Global Banking clients and will be an integral team member by assisting with planning of projects, conducting fieldwork, discussing findings and observations during client exit meetings, preparing work papers to support conclusions, reviewing staff work papers, and assisting in the presentation of the results of our work to client stakeholders, both within the IT organization and with business operations.
Key Responsibilities
Technical Experience
- Possess a strong understanding of internal controls concepts and their application in differentiated client environments, specifically within complex global banking organizations.
- Capable of conducting fieldwork independently, with guidance from client and project team members, while having the opportunity to lead more junior team members and sharing knowledge and coaching on how to execute against project objectives.
- Prior practical experience with understanding and independently assessing policies, procedures, and controls of our clients’ business processes.
- Have a fundamental understanding of strategic planning and other business matters, helping their project team to identify emerging risks and opportunities.
- Prior practical experience with identifying internal controls, assessing their design and operational effectiveness, identifying where controls have not operated effectively, present potential risk exposures to project team members and assist in the development of remediation plans to support providing remediation guidance to clients.
- Know how to review, document, evaluate, and test application controls, especially automated ones, for various software applications across different client business processes.
- Understand the use of key reports, data transmissions, input/output data controls, and data lineage in business operations.
- Ability to identify and interpret technical findings and draft recommendations that will be presented to a broad range of both business and information technology client stakeholders.
- Desire to research and identify emerging trends within the global banking sector (e.g. machine learning/automation, use of data and analytics, etc.).
- Prior introduction to working with various control frameworks.
- Internal Controls Experience: testing and designing of internal controls as well as process walk through experience.
- Demonstrated experience in evaluating and validating regulatory compliance requirements, including identifying gaps and recommending corrective actions.
- Familiarity with regulatory frameworks such as OSFI guidelines in Canada along with OCC and FRB guidelines in the US, and their implications on operational controls and risk management.
- Experience supporting regulatory audits and preparing documentation for regulatory review is a plus.
Client Experience
- Continually demonstrate an eagerness and willingness to learn more about the Global Banking sector and the clients that we serve in in this space and leverage your understanding to advance towards becoming your clients’ trusted advisor.
- Exhibit basic knowledge of key global banking industry fundamentals, regulatory environment, and terminology.
- Identify current and relevant global banking industry thought leadership and share with clients as relevant.
- Owns process level client relationships and collaboration with external stakeholders.
- Prepare/Review initial drafts and follow-ups on client request lists.
- Participate in risk assessment management interviews. Update risk assessment models and complete initial draft of identified risks.
- Prepare and conduct tests of the operating effectiveness of clients’ internal controls.
- Draft internal controls operational effectiveness test plans or work programs for review by senior members of the team.
- Create/review narratives or flowcharts for a process. Identify and review all risks and controls for a process as needed.
- Manage budgets and provide accurate analysis of estimates to complete to project leader.
- Review and complete status documents for client delivery.
- Prepares initial draft of client facing reports.
Position Qualifications
- Bachelor's or Master’s degree
- Minimum of four (4) years of practical experience.
- Advanced level Excel and reporting skills as well as can create Power BI and Tableau Dashboard/Reports from scratch.
- Demonstrated knowledge of regulatory compliance principles and experience validating adherence to regulatory standards.
- Ability to travel to meet client needs and work collaboratively with others in-person and remotely.
- Effective communication skills, both verbally and in writing.
- Effective time management and prioritization skills.
At RSM, we offer a competitive benefits and compensation package for all our people. We offer flexibility in your schedule, empowering you to balance life’s demands, while also maintaining your ability to serve clients. Learn more about our total rewards at https://rsmcanada.com/careers/life-at-rsm/rewards-and-benefits.html.
RSM does not tolerate discrimination and/or harassment based on race; colour; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender (including gender identity and/or gender expression); sexual orientation; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the Canadian uniformed service; Canadian Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable provincial employment legislation.
Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership. RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.
At RSM, an employee’s pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.
Compensation Range: $56 - $84 per hour
About RSM
RSM is a leading global network of assurance, tax and consulting firms focused on the middle-market. We share skills, insight and resources, as well as a client-centric approach that's based on a deep understanding of your business. This is how we empower you to move forward with confidence. This is The Power of Being Understood.