SOC 1 Risk Assessment Specialist – Wealth & Asset Management (Managed Accounts Fee Billing)

Our client, a top tier Management & Strategy Consulting firm if looking for a SOC 1 Risk Assessment Specialist within there Wealth & Asset Management practice with hands on experience ideally in Financial Services or more specifically within “Managed Account and associated Fee-Billing”. This includes strategy and assessment of current state policies, procedures, financial controls, internal controls, and technology risk assessments.

Qualifications & Requirements:

  • Execute a SOC 1 risk, process and control assessment for the fee billing calculations and process within the Managed Accounts business
  • Have a Managed Accounts background and SOC 1 process and Fee-Billing expertise from industry experience
  • To define target state SOC 1 process & scope specifically within Managed Accounts
  • Analyze and document Current State Managed Account Fee Calculations at Envestnet covering all kinds of Fee types like intermediary fee, Firm fee, Custody fee, Platform fee, Gateway fee, Manager fee etc. at various levels of hierarchies like Household level, billing group level etc.
  • Nice to have: Recommend future state process and requirements for in-house fee billing calculations at client