Does a great deal of micromanagement. Your manager wants to be CC'ed on everything, all the workpapers need have a great deal of unnecessary detail like where did the supporting documentation came from, when, how, the purpose of the document, how does it relate to the audit objective, highlights, tickmark explanations etc. If you forgot a tickmark, tickmark explanation, or explanation was not detailed enough, all hell will brake lose. All the objectives in the audit are budgeted. If you are over budget even by an hour you get penalized for it. There is a review/evaluation at the end of every audit, to show how bad of job you have done. The review mainly points out your negative traits and never anything positive. Everybody is after the bonus (5-10%) so everybody blames each other.
They expect you to know everything – all the bank databases (which there are a lot), all the business units, the audit objectives, people you’ll be working with, business unit polices and procedure and process etc. If you are unsure about something and you ask a question, you’ll get a bad review in your evaluation because you wasted your senior’s time (i.e. Evaluation will read something like: lack of understanding of the business unit)
You never get any growth opportunities, when the time comes for a promotion or salary increase, they will evaluate you from all your audit evaluations (which only points out the negatives).
Long story short, I was there for 2.5 years and I hated every moment. The salary was $56,000, 20% lower than what I make right now, doing 35% less work.
