Audit Associate

Role Overview: Audit Associate

The Audit Associate is responsible for assisting in the execution and documentation of risk-based internal audit assurance activities, including complex assignments. This role interprets audit results, identifies internal control weaknesses, and provides value-added recommendations. The Senior Internal Auditor may also lead segments or primary elements of smaller audits or special reviews.

Primary Duties and Responsibilities

• Arrange and oversee client consultations, documenting results through written accounts, diagrams, and visual aids to depict intricate business processes.
• Analyze process documentation to determine the efficiency, impact, and streamlining of controls integrated.
• Construct and execute audit testing strategies with an emphasis on data analytics tools and techniques.
• Determine lapses in internal control procedures, risks arising, and the underlying drivers.
• Offer assistance and mentorship to less seasoned team members to aid in their performance improvement and growth.
• Communicate audit discrepancies clearly to both Management and the Engagement Manager.
• Hone your audit skills while cultivating risk assessment and project management expertise.
• Deepen insight into the operational mechanisms of organizations, their policies, procedures, and compliance with banking regulations.
• Compose audit documentation adhering to the prescribed procedures and documentation standards of Truist Audit Services.
• Execute tasks independently with limited supervision to meet deadlines and fulfill assigned responsibilities.
• Receive and implement constructive feedback for ongoing performance improvement.

Essential Qualifications

• Successful completion of a bachelor's program in accounting, business, or a related field, or a comparable combination of educational attainment and hands-on know-how is mandatory.
• Applicants should have acquired four to six years of experience in banking, auditing, or related sectors.
• Improving familiarity with technology concepts, cybersecurity frameworks, IT infrastructure management, IT service procedures, and industry advancements.
• Becoming proficient in IT General Controls (ITGCs), IT Application Controls (ITACs), and the System Development Life Cycle (SDLC) is essential for IT specialists to ensure the security and integrity of information systems.
• Advancing proficiency in IT, information security, and cloud governance guidelines including COSO, COBIT, NIST, SOX, and PCI DSS.
• Strong decision-making skills.
• Sound understanding of audit principles, methodologies, practices, risk assessment, and documentation obligations.
• Improving knowledge in analytical, audit, and facilitation abilities.
• Skill in understanding the fundamental principles within intricate data.
• Proficiency in identifying the fundamental roots and integrating information for actionable plans.
• Fluency with Microsoft Office tools.
• Proficiency in managing a range of priorities with varying levels of complexity.
• Competency in working independently with minimal guidance.

Preferred Skills and Credentials

• The possession of, or eagerness to pursue, certifications including CISSP, CISA, CIA, is highly regarded.
• Capability in managing Truist Audit Services software alongside specialized business applications.
• The minimum educational requirement is a bachelor's degree in Computer Science, Information Systems, or Information Technology.
• Ensuring the accuracy, completeness, and soundness of regulatory validation data and paperwork through examination.
• Skilled in executing and developing regulatory validation testing strategies.

Employee Benefits Summary

• Truist's comprehensive benefits package is accessible to regular employees who work 20 hours or more per week:
• The provision of medical, dental, vision, and life insurance benefits is a valuable investment in employees' overall health and satisfaction
• Disability coverage
• Accidental death and dismemberment insurance can offer peace of mind to individuals and their families by providing financial protection in the event of unforeseen accidents. This type of insurance can help ensure that loved ones are financially supported in case of accidental death or severe injuries leading to dismemberment, allowing policyholders to focus on recovery and rehabilitation without having to worry about the financial consequences of an accident. AD&D insurance can be a valuable addition to one's overall insurance portfolio, offering specialized coverage for accidents that may not be covered by traditional insurance policies
• Tax-preferred savings accounts
• 401(k) plan
• A minimum of 10 vacation days is allotted in the first year, adjusted proportionally depending on the commencement date
• Access to sick time and paid holidays is a key factor in job satisfaction for many employees
• Possibility of becoming eligible for a pension plan that guarantees specific payments, restricted stock ownership units that have constraints on their sale, or a deferred compensation program, based on the division and position within the organization

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