[Remote] Internal Auditor at The Voleon Group

Berkeley, California, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Finance, Investment Management, Technology, Asset ManagementIndustries

Requirements

2–5 years in public accounting (external audit) and/or internal audit; asset-management/hedge-fund exposure or Big Four experience serving them preferred
Deep understanding of GAAP for asset managers and setup of fund structures, fee mechanics, and expense allocations

Responsibilities

Contribute to the internal audit charter, audit universe, and multi-year risk-based plan; keep working drafts current as the business evolves
Plan and execute scoped audits with oversight: scoping, walkthroughs, control design assessment, testing, reporting, and remediation follow-up
Deploy expertise in management-company finance by considering select areas: monthly/quarterly close (recons, journals, flux), GL integrity, consolidation, intercompany activity, treasury, AP/AR, payroll, corporate card/expense management, vendor onboarding through lifecycle, and procurement; produce well-structured workpapers and practical recommendations
Lay the foundation for fund-side coverage, including the following: document process flows and key controls for NAV and performance calculation, valuation/pricing sources, trade capture through settlement, daily cash/position reconciliations, fee accruals and incentive allocations, investor subscriptions/redemptions, fund-expense policies and caps; build baseline checklists and administrator-oversight procedures for future deep dives
Lay the foundation for international coverage including the following: map entities and currencies; inventory statutory close/audit calendars; compile and maintain transfer-pricing and intercompany service-agreement documentation; create trackers for withholding and FX translation approach; coordinate with legal/tax and local advisors; flag areas for later, deeper audit
Review revenue processes specific to asset managers (management fees, incentive fees/allocations, intercompany settlements) and related items
Assess expense-allocation controls between funds and the management company and the supporting documentation and policies
Test systems and data flows across ERP, HRIS, expense, and billing platforms; verify access controls, change management, and segregation of duties

Skills

Key technologies and capabilities for this role

Internal AuditRisk AssessmentControl TestingFinancial AuditingAccountingAudit PlanningReconciliationsJournal EntriesFlux AnalysisAudit ReportingRemediationSOX Compliance

Questions & Answers

Common questions about this position

What compensation and benefits does Voleon offer?

Voleon offers highly competitive compensation and benefits packages.

Is this Internal Auditor role remote or office-based?

This information is not specified in the job description.

What skills and expertise are required for the Internal Auditor position?

The role requires audit and accounting expertise, particularly in management-company finance areas like monthly/quarterly close, GL integrity, treasury, AP/AR, payroll, and vendor management, along with the ability to plan and execute audits including scoping, testing, and reporting.

What is the company culture like at Voleon?

Voleon has an enriching and collegial working environment with diverse colleagues from varied backgrounds, a team that loves to succeed together, and perks like technology talks, a beautiful modern office, and daily catered lunches.

What makes a strong candidate for the Internal Auditor role?

Strong candidates will have audit and accounting expertise with hands-on ownership, the ability to assess key controls and drive practical improvements, and experience laying foundational frameworks for finance, fund-side, and international audit coverage.

The Voleon Group

Investment management using machine learning algorithms

About The Voleon Group

Voleon focuses on investment management by utilizing machine learning to analyze financial market trends. The firm uses advanced statistical models to process large datasets and identify patterns that inform investment decisions, setting it apart from traditional methods that rely on human intuition. Voleon serves institutional clients and operates on a performance-based fee structure, aligning its interests with those of its clients. The company's goal is to provide data-driven insights that optimize investment returns while adapting to changing market conditions.

Berkeley, CaliforniaHeadquarters

2007Year Founded

VENTURE_UNKNOWNCompany Stage

Quantitative Finance, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Paid Vacation

Paid Sick Leave

401(k) Retirement Plan

401(k) Company Match

Risks

Competition from other quantitative hedge funds may erode Voleon's market share.

Regulatory scrutiny on AI use in finance could increase compliance costs for Voleon.

Data quality issues could lead to inaccurate predictions and financial losses for Voleon.

Differentiation

Voleon uses machine learning for data-driven financial market predictions.

The firm serves institutional clients with a focus on scalability and risk management.

Voleon's academic approach emphasizes intellectual rigor and continuous learning.

Upsides

Increased interest in ESG investing offers new opportunities for Voleon's models.

Alternative data sources enhance predictive models for quantitative hedge funds like Voleon.

Cloud computing enables efficient scaling of Voleon's data processing capabilities.

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