Have an internal audit interview with one of the banks. Any advice on how to prep? I have no IA but Non integrated audit exorcise for another industry. TIW

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You are going to get a handful of the standard “tell me about a time when…” questions. So just be prepared with a lot of stories about times you had to juggle multiple tasks, prioritize, deal with a difficult team member or auditee, etc.

You’ll also need to be ready to share more in depth details on anything in your resume. So if you said on your resume, “tested Blah Blah controls”, be prepared to explain the specifics of what that entailed.

Lastly, it really depends on what specific audit team you are interviewing for. Don’t just go researching random banking regulations like another commenter suggested. You might be interviewing for a team that has NOTHING to do with that regulation. That includes SOX. I’ve been at Wells Fargo IA for over 4 years and I’ve never even said the word SOX here. The job description might outline a few specific ones that you might want to get a general understanding of. Don’t be afraid to say “I don’t have experience auditing that space, however I do understand that it relates to ABC which is critical because XYZ”.

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Can you explain what auditing SOX truly means?

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lWhat type of ia, sox or risk?

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I think the guy that posted from wells had solid advice

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It was one of the hardest for me too but in the bank now lol because I come from IT audit and no internal audit exp. So research/focus on a few banking processes like AIS, CCAR, AIS etc and just a few risks within this processes and speak to common controls to mitigate them etc. one of the questions I was asked were the risks within “cash transactions processing” It wasn’t my sting point but I mentioned spoke a few about risk and controls combined like SOD, etc lol. I didn’t think I was gonna get it after that interview but they called me back and was excited lol

Not to diminish your accomplishment, congrats!

But as a person from IA, you could always respond with SOD, cutoff, completeness, accuracy, scrutiny from regulators, or monetary and reputation damage and you would have hit the risk on the head.

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I would focus on your project management skills. Your ability to assess risks and the controls that would mitigate those. Your ability to run meetings and walk-throughs. A lot of what we do overlaps. Internal audit is not super difficult.

Good luck! You’ll do fine 😊

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