Audit Associate - Markets & Banking

Job Title: Audit Associate - Markets & Banking

Location: New York

Salary: $80,000 - $100,000

Position Summary:

The Associate Markets and Investment Banking Auditor will work closely with senior audit leadership to assess, monitor, and evaluate the internal controls and risk management framework across Cantor Fitzgerald’s markets and banking operations. The role will focus on conducting risk-based audits, ensuring compliance with financial regulations, and providing independent assurance to management and the board. The Auditor will be responsible for analysing control environments, identifying areas of risk, and delivering insights that enhance operational efficiency and risk mitigation.

Cantor Fitzgerald, a global investment bank that provides fixed income, equity capital markets, prime, asset management, advisory and investment banking products, services, and technology solutions. Cantor is affiliated with BGC Group Inc (NASDAQ: BGC) is a leading global marketplace, data, and financial technology and services companies for a broad range of products, including fixed income, foreign exchange, energy, commodities, shipping, equities, and now includes the FMX Futures Exchange. It is also affiliated with Newmark Group Inc (NASDAQ: NMRK) which provides commercial real estate, brokerage, advisory, property management, valuation, leasing, technology and other financial and real estate-related services to large institutional investors, global corporations, and other owners and occupiers. These firms combined are also publicly known as Cantor Fitzgerald Group of Companies, and as part of the global Internal Audit team covering the Group, the individual might also be exposed to engagements involving these other businesses.

Major Responsibilities:

• Conduct comprehensive audits of markets and banking activities, assessing the adequacy and effectiveness of internal controls, risk management, and compliance processes.
• Evaluate trading, lending, and other banking operations to ensure adherence to regulatory requirements, internal policies, and industry best practices.
• Assist in the development and execution of an annual audit plan based on risk assessment methodologies.
• Identify and document control weaknesses, gaps, and inefficiencies, providing actionable recommendations to senior management.
• Prepare detailed audit reports summarizing findings, risk exposure, and suggested improvements.
• Collaborate with other internal audit teams, including IT and Compliance, to ensure a holistic approach to risk assessment and mitigation.
• Maintain and enhance relationships with key business stakeholders, ensuring clear communication of audit objectives and findings.
• Participate in special projects, regulatory reviews, and advisory engagements as required.
• Assist in the assessment and monitoring of compliance with Sarbanes-Oxley (SOX) requirements.
• Utilize data analytics to enhance audit testing procedures and provide deeper insights into risk trends.

Key Contacts and Working Relationships:

• Partner with Markets and Banking business units to understand processes and emerging risks.
• Work closely with Compliance, Risk Management, and other control functions to ensure a consistent risk assessment approach.
• Engage with regulators and external auditors as needed to support audit reviews and examinations.

Skills & Competencies:

• Strong understanding of financial markets, trading activities, and banking operations.
• Experience in performing audits of capital markets, investment banking, lending, and treasury functions.
• Knowledge of risk management frameworks, including COSO, Basel, and relevant regulatory standards.
• Familiarity with market risk, credit risk, operational risk, and liquidity risk concepts.
• Strong analytical, problem-solving, and critical thinking skills.
• Excellent verbal and written communication skills, with the ability to present findings clearly to both technical and non-technical audiences.
• Ability to work independently while also collaborating within a team environment