Career Story: Senior Internal Auditor For A Large Financial Services Company

Senior Internal Auditor For A Large Financial Services Company

Job Title: Senior Internal Auditor

Type of Company: I work for a large financial services company that manages investments by both small and large companies.

Education: BS, Business Administration, University of Connecticut •• MBA, Finance & International Business, University of Connecticut

Previous Experience: I started in Investment Operations for a money management firm.

Job Tasks: As an internal auditor I am responsible for evaluating the internal controls for the investment operations areas, both domestic and international. Most areas of the business are audited every three years or so.

One of the first steps I take when performing an internal audit is to make sure I understand the work flow of the area I am auditing. I will review documentation from previous audits and meet with the people who are actually doing the work to make sure my understanding of the work flow is correct, and I will document any changes that need to be made. I then get a feel for the risks the business runs and ask a bunch of pointed questions. How do they ensure the cash and securities are safe? Do they have proper separation of duties so that the same person is not responsible for too many steps in the process? Are accounts reconciled regularly? Are systems backed up in the event of a system crash? What is the plan in the event of a disaster or a disruption in business? Then I develop and execute tests to make sure the controls that are in place are adequate. If I find any flaws, these are documented in our audit report and reviewed with management and together we come up with solutions to strengthen those controls.

Best and Worst Parts of the Job: The best part of the job is its variety, since no two audits are exactly alike. The job is project-based with each project lasting from 4-8 weeks. Because of the geographic locations of some of our offices I have the opportunity to travel to other countries approximately once per year in order to perform audit functions there.

The worst part of the job is that it is sometimes difficult to obtain information from auditees and sometimes many extra hours are required to meet deadlines.

Job Tips: Understand the difference between an internal and an external audit.

external audit experience is not the only background that is helpful in a career in internal audit. Operational experience is tremendously valuable as well.

Just about any business experience can be helpful to an internal audit career. Internal auditors audit all aspects of companies from Human Resources to Payroll to Operations.

The ability to see the big picture from the details and the details from the big picture is very helpful in a career in internal audit.

Additional Thoughts: I never thought I'd have a career in internal audit. Prior to taking this job I wasn't really aware of the difference between internal and external audit and always thought of auditing of any sort as an accounting function rather than an operational control. I've gained exposure to many areas of the company and have learned a lot about many different areas of the business.

Popular Schools offering Accounting Programs

quickinfoThese schools offer particularly quick info upon request, and we have written detailed profiles for each (click school names to see the profiles).

Request info from multiple schools, by clicking the Request Info links.

Matching School Ads

Liberty University provides a world-class education with a solid Christian foundation, equipping men and women with the values, knowledge, and skills essential for success in every aspect of life.

  • Programs: MS in Accounting, MBA - Accounting, DBA in Accounting , more...
  • Degrees: Master, Doctorate, Bachelor

Founded in 1911, Southern Methodist University (SMU) is a nationally ranked private university with seven degree-granting schools.

  • Programs: M.S. in Data Science
  • Degrees: Master

Syracuse University’s School of Information Studies (iSchool) - The Original Information School - is proud of its position as a leader in the field.

  • Programs: MS in Information Management
  • Degrees: Master

Work toward your graduate degree with New England College Online.

  • Programs: Master of Science in Accounting, Master of Science in Accounting - Forensic Accounting
  • Degrees: Master

Congratulations! Your interest in Independence University is an important first step toward changing your life. A career-focused degree is the key to a career with a potentially higher income, better benefits, and more satisfaction.

  • Programs: Business Management & Accounting (AAS), Accounting - Forensic Accounting (BS)
  • Degrees: Associate, Bachelor
National Career College
Panorama City

Choosing a school and a new career path can be a very overwhelming process.

  • Programs:
  • Degrees:

See What’s Possible When You Earn a Degree at Florida Tech 100% Online

  • Programs: Bachelor of Arts in Accounting, Associate of Arts in Accounting, Bachelor of Arts in Business Administration/Accounting, more...
  • Degrees: Bachelor, Associate, Master

Saint Mary's University of Minnesota's Online Master's Programs

At Saint Mary's, we take pride in offering online graduate degrees designed to complement the schedules of working adults like you. Get an affordable, convenient education from a top-ranked university that's grounded in real-world applications.

  • Programs: Master of Science in Accountancy
  • Degrees: Master

The University of West Florida (UWF) has a central mission.

  • Programs: Master of Business Administration - Accounting
  • Degrees: Master

Welcome to Argosy University

Argosy University offers doctoral, master's, and bachelor's degree programs to students through its eight colleges:  College of Behavioral Sciences, Graduate School of Business and Management, College of Education,  College of Health Sciences, College of Arts and Sciences, College of Creative Arts and Design, College of Clinical Psychology and Western State College of Law at Argosy University as well as certificate programs in many areas.

  • Programs: Business Administration - Accounting (BS) (Online), Business Administration - Finance (BS) (Online)
  • Degrees: Bachelor
Matching School Ads

Additional Career Stories for Accountants And Auditors

The inside stories from people actually working in the field.
Click a story title to show the story, and click the title again to hide it.

All Types

You are visiting:

Find a school near you

What are Career Stories?

Career Stories are concise, real-world career overviews written by people relating their personal career experiences and wisdom. They provide invaluable insights and mentoring advice to students and career changers.

Most stories include:

  • a typical day or project
  • tips and advice
  • best and worst parts
  • educational background
  • previous experience

Browse hundreds of Career Stories

More Details On This Career

Please also see our detailed information about Accountants And Auditors, including:

Back to Top