Audit Associate

Description
The Audit Associate participates in financial and compliance examinations, limited reviews of daily customer protection statements, & financial statement analysis of clearing member firms of CME to ensure they are in compliance with CME & other regulatory organization rules and regulations. They work to ensure the financial integrity of CME's Clearing Members by conducting risk based examinations, limited daily reviews, financial statement reviews, and various special projects.

This is a great place to start a career in auditing with room for growth!

Principal Accountabilities:
• Learns and understands firm reconciliations, equity system documents, third party documents, the 1-FR and FOCUS Report, testing procedures and requirements, and rules and regulations

• Maintains the audit trail and ensures it is logical and organized. Follows the examination process from beginning to end.

• Performs and is responsible for detailed examination testing and documentation of assigned areas.

• Sets reasonable scopes, identifies problems, researches the problems, and determines and obtains all necessary information from the firm for completion of their assigned areas, with guidance from senior members of the examination team.

• Performs monthly and daily financial statement reviews, addresses issues with clearing member firms, and documents findings on edit checks and alerts. Performs biweekly SIDR (Segregated Investment Detail Report) reviews, addresses issues with clearing member firms, and documents findings on edit checks.

• Prepares any examination issues and findings in a clear and concise manner. The staff examiner, along with a more senior examination team member, is responsible for presenting their findings to the firm.

• Responsible for most components of the regulatory financial and compliance examination, working from Joint Audit Committee approved programs, including bank statement, safekeeping, carrying broker, clearing organization and equity system analysis.

Education:
Bachelor's in Accounting or Finance

Location:
Chicago, IL
Full-Time
Hybrid

Skills & Software Requirements:
Word, Excel, Outlook

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CME Group (www.cmegroup.com) is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career shaping tomorrow. We invest in your success and you own it, all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.

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