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Promotion Watch ’13: Here’s the Ernst & Young Americas Partner Class for 2013

Posted on by Caleb Newquist
Welcome back, capital market servants. Hopefully you achieved some combination of suntan/burn, hangover, and meat sweats this past weekend. 
 
Speaking of achievement! Last week while we were all distracted by Memorial Weekend daydreams, Ernst & Young announced their 2013 Partner, Principal, Executive Director, and Director (aka "PPEDD") class for the Americas (this includes North America, South America, and Israel). We were notified by a number of people and two of our tipsters were kind enough to pass along E&Y's communication that includes a message from Steve Howe, the Americas Managing Partner, as well as the names, practices, and locations of the new PPEDDs. You can see the document in its entirety on the next page, but here's a rundown of some of the key information:
  • There are 240 new partners and principals, 148 executive directors, and 27 new directors in the Class of '13. This includes seven EY Global Services directors that are in the Americas. Over half — I counted 150-ish partners and principals, 80+ EDs, and 21 directors (feel free to audit) — are located in the U.S.
  • Mr. Howe speaks of a "rigorous selection process" that evaluates "technical acumen, the ability to deliver exceptional client service, and a commitment to building relationships and developing people." We'd love to see an itemized list of the selection process, especially if there is a talent competition.
  • Homebodies with partner aspirations should take note of Howe's explicit message about "mobility." He states that forty-two percent of the new PPEDD class has transferred at some point in their careers and that it "is a necessity as our clients seek to grow throughout the world." 

Jump to the next page for Howe's full message and scan the list for your friends and enemies. Congratulations to all the new PPEDDs at Ernst & Young! 

2013 PPEDD Promotions

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Deutsche Bank is looking for an experienced auditor to join their Group Audit Legal, Risk and Captial team. The primary role of this position will focus on the Credit Risk Management, Market Risk Management and Treasury functions.

The position is located in New York and requires a strong finance/accounting background with 5 to 8 years experience.


Company: Deutsche Bank

Title: Principal Auditor – AVP

Location: New York, NY

Description: The role is for a Principal Auditor for the Group Audit LRC (Legal, Risk and Capital) team which covers the following functions: Risk Management (Credit, Market, and Operational), Corporate Security and Business Continuity (CSBC), Treasury & Capital Management, Legal and Compliance. The primary focus of this role will be on Credit Risk Management, Market Risk Management and Treasury.

Responsibilities: Successful implementation of risk-based audits both regionally and globally, with audit work that is appropriately risk assessed and aligned to the LRC audit strategy; Undertakes audit assignments and may review audit work completed by other team members and drafts audit reports for review by LRC Audit management, identifying and escalating issues and recommending audit ratings for approval by the PAM and Chief Auditor. Presenting and agreeing key findings with Client management; Contributes to dynamic planning through business monitoring of the areas of their responsibility; Demonstrates understanding of the client’s business; Facilitates issue tracking and validates closure of issues; Continues to develop technical expertise relevant to LRC and Group Audit, including market and regulatory developments; Enhance team’s position as a center of excellence for LRC related activities and Issues; Assists with training for Group Audit, prepares updates for GA Senior Management and provides on-going advice to Client management.

Qualifications: The candidate will ideally have an Audit background, however those with considerable experience in Risk would also be considered. Five to eight years of relevant experience is desired. He/she should have knowledge and experience with financial services products and operations, and an understanding of the regulatory framework for DB. Detailed technical knowledge of valuation techniques and risk modelling are considered a plus; He/she will have a strong academic background in finance or accounting; Advanced knowledge of Microsoft Office products, and experience using flowcharting applications. Experience with CAATs is also a plus.

See the entire description over at the GC Career Center and visit the main page for all your job search needs.

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