Senior Associate, Internal Audit

Ares Management Corporation

New York (NY)

On-site

USD 125,000 - 155,000

Full time

11 days ago

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Benefits offered by this job

Comprehensive Medical/Dental/Vision

401(k) with company match

Flexible Spending Accounts (FSA)

Health Savings Account (HSA)

Life Insurance

Disability Insurance

Employee Assistance Program (EAP)

Commuter benefits

Job summary

Ares Management Corporation is seeking to strengthen its internal audit function with a focus on AI risk coverage, data analytics, and governance in the financial services sector. The role collaborates across Technology, Risk, Privacy, Legal and other teams to enhance controls and assurance over AI deployments.

The ideal candidate has extensive internal audit experience in investment management, strong data analytics, and relevant certifications.

Qualifications

Experience auditing AI/ML models and related controls.
Strong data analytics skills and ability to manipulate large datasets.
Knowledge of enterprise risk management concepts and internal controls.
Familiarity with regulatory requirements related to AI and financial services.
5+ years of internal audit experience in the Financial Services industry, with emphasis in Investment Management.

Responsibilities

Support AI audit coverage strategy with risk assessments and recommendations.
Provide practical guidance for assessing AI risks across audit projects.
Engage stakeholders to ensure AI risks are identified, assessed, and documented.
Stay current on AI technologies, ethics, and regulatory requirements to inform audit coverage.
Partner with Technology, Risk, Privacy, Legal and other stakeholders to support AI audit planning and execution.
Identify audit process improvements to boost productivity and effectiveness.

Skills

Data analytics

AI/ML auditing

Risk assessment

Regulatory knowledge

Financial markets understanding

Internal audit experience

Leadership & communication

Certifications (CPA/CA/CIA)

Education

CPA/CA/CIA or similar

Job description

Over the last 20 years, Ares' success has been driven by our people and our culture. Today, our team is guided by our core values - Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy - and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

Support the AI audit coverage strategy, including risk assessments and recommendations to strengthen risk mitigation.
Provide practical guidance for assessing AI risks across audit projects.
Engage stakeholders to ensure AI risks are appropriately identified, assessed, and documented.
Stay current on AI technologies, ethical considerations, and regulatory requirements to inform audit coverage.
Partner with Technology, Risk, Privacy, Legal, and other stakeholders to support AI audit planning and execution.
Identify audit process improvements to increase productivity, efficiency, and contribution to economic profit without compromising effectiveness.
Leverage and advocate for the use of technology across the audit function, with a particular emphasis on data analytics.
Partner with business and technology stakeholders to develop use cases and integrate automation into control testing.
Identify and evaluate risks and assess the adequacy, effectiveness, and compliance of internal controls.
Assess control effectiveness and deliver high-quality audit findings and recommendations.
Demonstrate strong judgment and sound decision-making.
Identify and communicate existing and emerging business risks and significant issues in a timely and proactive manner.
Exhibit strong organizational and follow-up skills.
Execute responsibilities accurately, efficiently, and proactively.
Maintain all organizational and professional ethical standards.
Conduct quarterly risk and fraud assessments based on input from management, external auditors, and external factors to support the development of quarterly audit plans.
Pursue professional development opportunities, including internal and external training and participation in professional associations.
Maintain independence and objectivity in all audit activities.
Maintain an in-depth understanding of business areas, processes, and supporting functions.

Qualifications

Strong experience with data analytics and comfortable with manipulating large data sets.
Experience in developing/validating/auditing of AI/ML Models.
Subject matter expertise in auditing and enterprise risk management concepts (e.g., risk assessment/prioritization, process & internal controls, root cause analysis).
Understanding of local and globally significant regulatory requirements pertaining to AI.
Understanding of the operation of financial markets, financial instruments and strategies.
5 years of internal audit experience in the Financial Services Industry with an emphasis in the Investment Management industry.
Strong managerial skills, written and verbal communication skills, analytical, problem-solving, organizational, and interpersonal skills.
Enthusiastic/ self-motivated/ strong interest in learning/ effective under pressure and willing to take personal responsibility/accountability.
Related certifications (CPA, CA, CIA or similar) preferred.

Reporting Relationships

Head of Internal Audit

Compensation

The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.

$125,000 - $155,000

Benefits