Analyst Risk Control

Analyst Risk Control
Boston, MA;

Finance/Accounting/Auditing – May 07, '08

About MFS Investment Management:
In 1924 MFS Investment Management established the first mutual fund in the United States. Today, MFS offers a wide range of products and services to investors, including more than 70 mutual funds, fixed and variable annuities, separately managed accounts, and retirement plans to retail customers, institutional investors, and insurance offerings.  
 
At MFS we hire talented individuals and allow them to work in an environment that fosters teamwork. We strive to make MFS a company where our employees can grow and succeed. While MFS provides a supportive work environment, we maintain high standards of accountability to ensure that employees meet our standards of excellence. We value intelligence and hard work. We value the perspective you bring. We will reward you for your good ideas, your work ethic, and your experience. We believe that our unique culture directly benefits our business.

Job Description:


Play a significant role in MFS' ongoing business process and information technology risk mitigation programs and initiatives to ensure compliance with regulatory requirements, documented internal controls, and industry best practices. 

Perform internal controls reviews to monitor compliance with established policies and procedures and mitigate risk for the Operations, Technology and Investment areas of the firm.  Review current processes, procedures, and change initiatives to assess management controls and process efficiencies.  Investigate, clearly define, and document processes.  Identify and evaluate any gaps between expected goals of these processes and actual operations.  Report recommendations for improvements to all levels of management.  Assist group managers in meeting operational goals and objectives.

This Operational Risk Control Team resides in the Global Investment Support (GIS) department and also supports Global Investment Technology (GIT), the primary business areas responsible for the support and processing of investment transactions, middle and back-office operations and development, maintenance, and support of the systems utilized within the investment management process.

Perform daily, monthly, quarterly and ad hoc internal control reviews to monitor compliance with established polices and procedures in operations and investment technology departments.Prepare risk reporting for senior management.Act as project manager for new initiatives in GIS and GIT.Interview various levels of staff and management, review policies and procedures, and review all documentation in any format that might be available about a process to identify any potential internal control weaknesses.

Requirements:
Bachelor's degree in accounting, computer systems or finance.Experience in the evaluation of controls in the financial services industry is strongly prefered.  Ability to take initiative to utilize resources and communicate with others both orally and in writing are necessary.  Proven analytical skills and demonstrated ability to make independent decisions and develop creative solutions to meet business needs.Financial services experience strongly preferred.

Additional Information:
Job Description Continued..  
-Develop an overall and a detailed understanding of a process under review. This includes a thorough understanding of the objectives of a process and the objectives of management with responsibility for the process.  
-Document understanding and the basis for all recommendations clearly and concisely. Documentation will include the writing of narratives and the creation of charts and maps detailing a process flow.  
-Present results of review, clearly and concisely in meetings and in reports.