Risk & Controls Associate

Job description

Since 2017, Flourish has been on a mission to help financial advisors evolve from holistic advice to holistic implementation to better serve their clients and grow their businesses. We focus on independent Registered Investment Advisors (RIAs), delivering financial products that advisors can’t easily access today through beautiful, scalable, and easy-to-use technology. Today, we work with over 1,100 RIAs that collectively represent more than $2.6T in assets under management across two products: Flourish Cash and Flourish Lending. Headquartered in New York City, we are an independently-operating, wholly-owned subsidiary of MassMutual Life Insurance Company. Read on if you are interested in joining a dynamic, highly-collaborative, rapidly-growing startup—backed by the support and stability of a Fortune 500 company. #### About You With an eye for details, you are excited to monitor the risk environment of the Company and provide insights to enable effective risk management. You enjoy partnering with the business by providing advice, guidance, and problem solving to identify areas of risk and make valuable recommendations on controls. You are interested in influencing change and decisions for business initiatives, project launches, and system implementations. A dynamic environment is motivating and you are passionate about technology and able to focus on key issues and the details that come with it. #### About the Role The Flourish Risk & Controls team is responsible for monitoring risk across Flourish and providing insights to enable effective risk management. As a member of the team, you will advise the business, including product and engineering groups, while identifying areas of risk and making recommendations on mitigating controls. You will contribute to the strategic development of the controls strategy for the business and assist in the decision making process for business initiatives including product launches and system implementations. You will partner with leaders and stakeholders across the organization to achieve a strong control environment that enhances and protects organizational value. As a member of the team, you will contribute to the execution of the annual risk assessment process and design and execute risk-based audit programs to address the identified risks and compliance requirements. You will prepare audit reports to document audit scope, procedures, findings, and recommendations. You will interpret the significance of audit findings, draw conclusions from findings, and make practical recommendations for remediation. You will communicate with and educate process owners on the importance of controls, an effective control environment, and the role of the team. #### Principal Responsibilities - Maintain the inventory of internal controls and assist control owners in their knowledge and understanding of the controls they own - Support the design and documentation of controls and where appropriate framework, policy, and process documentation to support those controls - Coordinate the annual risk assessment process and assist management in identifying and mitigating risks - Assist with holistic risk quantification and mitigation efforts across business units - Develop internal audit scope and audit plans - Acquire, analyze, and evaluate documentation to execute audit plans - Prepare and present reports that reflect audit results - Maintain open communication with teams and leadership across the organization - Manage the relationship with the external auditors - Project manage the external audits across multiple regulatory regimes including the audit preparation process and communication between auditors and control owners - Actively identify areas to improve operations and independently handle broad-scope projects #### Qualifications - Bachelor's degree in Business, Finance, Accounting, or related field, or equivalent experience - 3+ years of work experience in an audit, advisory consulting, or risk management role - Experience designing, testing, implementing internal controls and reviewing business processes - Ability to interact with all levels, set objectives, and create results - Ability to navigate through ambiguity - Ability to manage and coordinate multiple project assignments simultaneously in a fast-paced environment - Ability and willingness to take initiative to address problems and make continuous process improvements - Excellent communication skills, with the ability to work with a wide variety of stakeholders #### Preferred Qualifications - CPA, CA, CIA, or related experience - Knowledge of broker-dealer compliance requirements, including SEC Rule 17a-5 - Knowledge of NAIC Model Law on Suitability in Annuity Transactions - Knowledge of the AICPA Trust Services Criteria for SOC 2 Examinations At Flourish, we focus on ensuring fair, equitable pay by providing competitive salaries, along with bonus and incentive opportunities and benefits for all employees. Base Salary Range: $88,300 - $115,900 plus bonus Disclosures: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.