Audit and Assurance Intern

The Valuation & Analytics (“V&A”) team is looking for an intern to join its team. This team provides valuation and analytical services related to financial instruments for Deloitte's clients in North America and worldwide. The specialist assistant may work on the valuation of financial instruments (such as fixed income, equity, and credit derivatives, structured products, and other financial instruments) for both internal and external clients, and may also be involved in consulting services related to quantitative analytics.

Work You’ll Do

The V&A service area is comprised of practitioners with skills related to the understanding and application of technical accounting standards, financial reporting, valuation techniques and methodologies for derivatives, financial instruments, and other investment products, forward price curve development methodologies, quantitative risk assessment and forecasting models, structured finance transactions, cash flow modeling, data integrity, data modeling, statistical sampling, capital markets transaction support and due diligence. In addition, with experience and training in the audit approach and testing procedures, many V&A professionals provide subject matter assistance to audit engagement teams.

Sample responsibilities may include:

• Performing independent pricing of financial instruments
• Building and executing data analytics to support audit objectives, using tool such as SAS, R, SQL, ACL, Tableau, Power BI, Python, Visual Basic and others
• Evaluating whether a client’s Allowance for Credit Losses (ACL) methodology is reasonable and consistent with GAAP accounting
• Preparing audit documentation of valuations
• Collaborating with audit teams across companies of all sizes and across multiple industries
• Building and managing relationships and communications with audit team members
• Presenting complex information in an understandable manner

Regardless of project type, your work will require:

• Proficiency in verbal and written communication skills essential to interacting with clients and teams  
• Ability to work independently and manage multiple projects/assignments/ responsibilities in a fast-paced environment
• Problem solving and critical thinking skills in support of both innovative and operational enhancement opportunities
• Ability to collaborate and communicate across Deloitte team members and client stakeholders
• Ability to identify, learn, understand, and implement new concepts, frameworks and emerging technologies
• Ability to manage own personal and professional development; seek opportunities for professional growth and expansion of consulting skills and experience
• A strong understanding of Windows Based systems and proficiency with Microsoft Excel, Word, and PowerPoint  

The Team

Our team culture is collaborative and encourages team members to take initiative and seek on-the-job learning opportunities. Audit & Assurance services are focused on engagements related to independent External Audit services, Accounting, Controls & Reporting Advisory, and Specialized Assurance & Sustainability. We bring together the diverse skills and industry experience of our people, leading-edge technology, and a global network to deliver high-quality audits of financial statements and internal controls over financial reporting, along with assurance reports and valuable advice and insights across the corporate reporting landscape. Learn more about Deloitte Audit & Assurance.

Qualifications

Required:

• Pursuing a Bachelor’s degree in information systems, statistics, business analytics, math, economics, industrial & operations engineering, computer engineering, decision sciences or data sciences or related field
• Familiarity with analytical and visualization software packages/tools/languages (i.e. SAS, R, SQL, ACL, Tableau, Power BI, Python, Visual Basic)
• Ability to explain difficult financial modeling/valuation concepts to diverse audiences and to experts at various clients
• Candidate needs to be comfortable providing technical assistance and financial modeling expertise to non-technical clients and internal teams
• Limited immigration sponsorship may be available
• Strong academic record, cumulative GPA of 3.0 or above
• You should reside within a commutable distance of your assigned office with the ability to commute daily, if required
• You should expect to co-locate with team members or other colleagues in a Deloitte office, at a client site and/or virtually, based on specific team and business expectations
• Ability to travel up to 25%, on average, based on the type of work you perform and the clients served
• Candidates must be at least 18 years of age at the time of employment

Preferred:

• Pursuing a Master’s degree in information systems, statistics, business analytics, math, economics, industrial & operations engineering, computer engineering, decision sciences or data sciences or related field
• Cumulative GPA of 3.2 or above
• Strong analytical and computer skills including experience with quantitative analysis technical tools such as Bloomberg, Refinitiv-Eikon, Crystal Ball, or SuperDerivatives are a plus
• Familiarity with financial markets, financial instrument valuation (including derivatives and structured products), trading, deal structuring or risk management
• Background in derivatives finance, including detailed knowledge of derivatives theory and securities pricing and financial instrument types and structures is a plus
• Experience with Asset Liability Management (ALM) or Counterparty Valuation Adjustment (CVA) is a plus
• Experience with wholesale/retail credit models (i.e. PD/LGD/ALLL), interest rate risk, counterparty credit risk, and/or operational risk models is a plus
• Experience with SPAN/clearing/margin models is a plus
• Experience with economic capital models is a plus
• Experience with insurance/actuarial models is a plus
• Understanding of financial instrument valuation concepts is desired and experience with derivatives and complex financial instruments valuation is a plus
• Relevant work experience or work experience in a professional environment (e.g. internships, summer positions, school jobs)
• Demonstrated recent leadership roles, such as on a campus club, society, sports teams or other activity

Information for applicants with a need for accommodation:

https://www2.deloitte.com/us/en/pages/careers/articles/join-deloitte-assistance-for-disabled-applicants.html

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $29.64/hour to $59.50/hour.