IT Audit Consultant

Job Title: Audit Consultant

Location: New York, NY - onsite
Duration: 6 months

TCS is seeking an experienced Consultant to support our engagement with A leading Banking client in New York city. This role will lead audit engagements, provide consulting support, and ensure compliance across Prime Funds operations globally. The ideal candidate brings deep asset management expertise with the ability to partner with senior stakeholders and drive complex audit initiatives.

KEY RESPONSIBILITIES

Audit Execution (40%)
· Lead comprehensive audits of Global Prime Funds operations (fund administration, portfolio management, compliance, trading, operations)
· Plan and execute audit engagements across multiple jurisdictions (US, EMEA, APAC)
· Assess key risks: liquidity, credit, operational, and regulatory compliance
· Execute testing per SOC 1/2, ISAE 3402, SEC Rule 2a-7, and MMFR standards
· Document findings, prepare audit reports, and present to senior management
· Manage 4-6 major audits annually

Regulatory & Compliance (30%)
· Ensure Prime Funds compliance with SEC Investment Company Act, Rule 2a-7, FINRA rules
· Monitor regulatory developments and assess impact on audit approach
· Evaluate compliance programs: NAV calculations, shadow pricing, liquidity assessments
· Support regulatory examinations (SEC, FINRA, FCA, MAS)
· Review Form N-MFP, Form PF, and regulatory submissions

Consulting & Advisory (20%)
· Provide strategic consulting on control design, process improvement, and risk mitigation
· Advise on new products, technologies, and operational changes
· Conduct pre-implementation reviews and risk assessments
· Serve as subject matter expert for Prime Funds operations

Stakeholder Management (10%)
· Partner with Portfolio Management, Operations, Compliance, Risk, and Technology teams
· Present findings to C-suite executives and Board committees
· Collaborate with external auditors and Fund Boards

REQUIRED QUALIFICATIONS

Education & Certifications
· Bachelor's degree in Accounting, Finance, or related field
· CPA, CIA, CISA, or CFA required

Experience
· 8+ years audit experience in asset management; 3+ years in money market/prime funds
· 3+ years in Big 4, internal audit, or consulting at senior/manager level
· Experience leading complex audits in global organizations
· Proven C-suite stakeholder management

Technical Expertise
· Asset management operations (front/middle/back office)
· Money market fund regulations (SEC Rule 2a-7, Money Market Fund Reform)
· Fund accounting, NAV calculations, pricing methodologies
· Risk management frameworks (COSO, COBIT)
· Financial instruments (repos, commercial paper, CDs, treasuries)
· Audit tools (ACL, IDEA, Tableau, TeamMate)

Core Competencies
· Strong analytical and problem-solving skills
· Excellent written/verbal communication
· Advanced Excel and data analytics
· Ability to manage multiple priorities
· Experience in matrix organizations

PREFERRED QUALIFICATIONS
· MBA or Master's in Accounting/Finance
· 10+ years total experience with 5+ years in asset management
· Big 4 asset management practice experience
· Knowledge of UCITS and international money market fund regulations
· SQL, Python, or advanced analytics experience<Overview>

Job Types: Full-time, Contract

Pay: $48.00 - $50.00 per hour

Expected hours: 8 per week

Work Location: In person