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TIAA Associate, Internal Auditor in Mumbai, India

COMPANY OVERVIEW:

TIAA GBS India was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack.TIAA GBS India is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.

Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.

Internal Auditor India

Serves as a team member on moderately complex Global / Enterprise audits executed remotely from TIAA India, working under the direction of audit management and more senior auditors. Aids in performing complex financial, operational and integrated audits of the company's operations using the organization's risk based internal auditing methodology.

Key Responsibilities and Duties

  • Supports the implementation and maintenance of detailed programs for internal audits, the review of financial, operational, compliance and risk systems, processes and procedures to determine efficiency, effectiveness and alignment with internal policies, procedures, regulations and industry standards.

  • Analyzes audit data and observations and documents audit conclusions and findings.

  • Prepares remediation plans and makes recommendations which are subject to review by audit management.

  • Consistently works on audits or situations across supported business lines. Disseminate and share best practices with middle management, adding value to the business and enabling the principles of risk management and control to be embedded in the culture and management practices. Participates in defining audit service standards for the organization.

Qualifications

  • 3 Years Required; 5 Years Preferred

  • University (Degree), Preferred

Physical Requirements

  • Physical Requirements: Sedentary Work

Career Level

7IC

Key Duties & Responsibilities : List up to 5 key duties and responsibilities, management responsibilities and time spent (if applicable)

Position Summary:

Serves as a team member on moderately complex Global / Enterprise audits executed remotely from TIAA India, working under the direction of audit management and more senior auditors. Aids in performing complex financial, operational and integrated audits of the company's operations using the organization's risk based internal auditing methodology.

Key Responsibilities:

  • Supports the implementation and maintenance of detailed programs for internal audits, the review of financial, operational, compliance and risk systems, processes and procedures to determine efficiency, effectiveness and alignment with internal policies, procedures, regulations and industry standards.

  • Analyzes audit data and observations and documents audit conclusions and findings.

  • Prepares remediation plans and makes recommendations which are subject to review by audit management.

  • Reviews and evaluates control structures to determine the adequacy of internal controls, operating efficiency and customer service.

  • Performs tests of records and accounts and verifies compliance with regulations and sound business practices.

  • Consistently works on audits or situations across supported business lines. Disseminate and share best practices with middle management, adding value to the business and enabling the principles of risk management and control to be embedded in the culture and management practices. Participates in defining audit service standards for the organization.

  • Handles routine to moderately complex assignments. Researches and resolves difficult transaction issues. Responds to moderately complex requests for information and service concerns and has the ability to resolve issues on own.

  • Follow-up on the status of the remediation of audit issues. Validates the adequacy and effectiveness of controls implemented by the business to remediate audit issues.

  • Drafts periodic reports for senior management of business on the progress of audit plans and status of remediation of audit issues.

Management/Leadership Responsibility: Is management of people a primary focus of the role? If so, how many direct and indirect employees are managed? Do any of them manage a function or process?

  • Not a people manager. May review the work of less experienced auditors, and may provide support and training for junior or less experienced staff.

Business or Industry Expertise: Describe the degree of knowledge and understanding required of TIAA’s business and industry, commercial environment and of competitors products and services.

  • Requires proficient knowledge of internal audit best-in-class practices; risk management; and regulatory guidance and expectations (FRBB, OCC, SEC, State Insurance). Requires knowledge of the Institute of Internal Auditor's (IIA) International Professional Practices Framework (IPPF) to which the Internal Audit Division's methodology is aligned.

  • Requires proficient knowledge of financial services products, services and regulations particularly in Asset Management (i.e Fixed Income, Equities, and Alternatives).

Interactions / Interpersonal Skills: Describe the nature and level of interactions this job has with others, both internally and externally. Explain any specific interpersonal skills necessary to successfully perform this role (i.e., negotiation skills, represents business at external events or to governmental bodies, etc. ).

  • Regularly interacts with middle management within the business area and across groups to resolve issues, gain needed information and make recommendations. May participate in discussions with middle management when communicating audit results and recommendations. May interact with external contacts, such as auditors and regulators, as needed.

Job Requirements And Qualifications : Indicate the minimum and preferred education and experience for the job and any licenses and certifications required

Required Education:

Bachelor's degree in Accounting, Finance or other related discipline required

Preferred Education:

Chartered Accountant (CA)

Required Experience:

3+ years of auditing, accounting or other relevant experience.

Preferred Experience:

  • Experience in a regulated financial services environment is preferred.

  • Advanced Microsoft Excel and working knowledge of data analytics tools (e.g. Power BI, Tableau).

Skills and Abilities:

Certified Internal Auditor (CIA), Certified Public Accountant (CPA) or similar professional certification is a plus. The candidate will be requested to obtain the CIA or CPA within a reasonable timeframe, based on prior experience.

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: accessibility.support@tiaa.org

For residents of California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) to access the TIAA CA Applicant Privacy Notice.

For residents of the EU / UK, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) to access the EU / UK Pre-employment Notice.

For all other residents, click here (http://www.tiaa.org/public/tiaa-nuveen-privacy) to access the Applicant Privacy Notice.

TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.

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