Internal Audit Associate

Careers at KKR•Boston, MA

3h•$90,000 - $140,000•Hybrid

About The Position

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. Audit Team Overview KKR is seeking to hire a permanent team member for the Internal Audit team. The Internal Audit team is responsible for providing global oversight of the KKR brand across all business lines, support functions, and regions. Internal Audit partners with key internal and external stakeholders to provide independent, objective assurance and consulting services designed to add value, protect the firm, and improve the efficiency and effectiveness of KKR's internal control environment and operational processes. A successful candidate will have the ability to execute audit projects, assess risk, determine root causes, recommend solutions, and build strong relationships across all levels of seniority within the firm. Serving as an internal consultant, this role provides frequent exposure to senior business leaders and the opportunity to drive impactful change throughout all areas of the firm. The position is based in the Boston office, with some required travel to firm’s headquarters in New York.

Requirements

5+ years of working experience (experience at a Big 4 accounting or financial services firm is a strong plus)
Chartered accountant preferred (CPA, CIA, or equivalent) and/or must be well versed with Institute of Internal Auditors (IIA) Standards
Motivated self-starter who works well individually and in teams
Superior written and verbal communication skills
Able to provide professional skepticism with an inquisitive frame of mind
Proficiency in Microsoft Office software (Excel, Word, PowerPoint)
Familiar with SEC, FINRA, Investment Advisers Act, and Investment Company Act regulations, as well as other relevant regulatory requirements and expectations for the financial services sector

Nice To Haves

Banking, asset management, insurance, or private equity experience preferred but not required
Knowledgeable in alternative asset management processes/risk is a plus (accounting, valuations, investment and expense allocations, conflicts of interest, information barriers, etc.)
Experience with Sarbanes-Oxley (SOX) compliance and internal controls

Responsibilities

Assist with planning and executing audit-based aspects of global regulatory regimes, including SEC, FINRA, state insurance regulations, and international regulatory requirements applicable to KKR's global operations
Help drive the strategic direction and tactical execution of the risk-based Internal Audit Plan and risk assessment process
Execute internal audits by identifying and assessing the relevant financial, operational, legal/regulatory, and IT risks—including testing the design and effectiveness of mitigating controls
Collaborate on consulting engagements and special projects/analyses requested ad-hoc by Management
Develop process narratives, audit programs, and test procedures for assigned projects
Partner with firm management to develop and implement corrective action plans in response to Internal Audit recommendations, best practices, and/or process improvements
Prepare audit reports and present recommended enhancements to Management
Maintain awareness and knowledge of regulations in the securities, asset management, and insurance industries, general accounting principles, internal audit best practices, and best practices common in our businesses
Assist with conducting global internal audit reviews across business strategies and business operations
Demonstrate ability to work independently and conduct audit fieldwork within defined timelines, while communicating progress and escalating any issues encountered
Contribute to the continued development of audit methodologies, processes, tools, and guides