Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Daniel Davitt

Springfield

Summary

Professional with robust background in directing and managing large-scale / global audits, consistently driving success through strategic planning and execution. Adept at implementing innovative solutions that enhance productivity and operational effectiveness. Known for fostering teamwork and adapting to evolving business needs, ensuring alignment with organizational goals.

Overview

22
22
years of professional experience
1
1
Certification

Work History

Director, Audit Team Lead, GIA – AM Americas

UBS AG
12.2023 - Current
  • Overall responsible for the Planning, Monitoring and Delivery of the annual book-of-work for the Alternative Investments and Operations AM Audit portfolio.
  • Partner with 3 other AM Team Leads to develop our Audit Universe for AM into Risk Assessment Units (RAUs) by function / geography, Risk Taxonomies / Themes (e.g. Product Risk, Market Risk, Regulatory Risk, etc.) and Other Relationships (e.g. Controls, Open Issues, IT Applications, etc.).
  • Propose the Annual Audit plan for Alternatives, including impacted RAUs and Key Risk Drivers, preliminary scope, staffing and budgets for presentation to the UBS AG BoD / AC (by our AM Head).
  • Perform continuous risk assessment (CRA) qualitative and quantitative analytical procedures over owned RAUs to identify changes in risk profile warranting changes to the annual audit plan.
  • Manage 6 internal staff (as their Functional Manager) responsible for the execution of audits within the Annual Plan, including approving key workpapers, issues and action plans and audit reports.
  • Manage 3 junior staff (as their Line Manager) for performance management, including annual goal setting, monthly check-ins, career management, and year-end results communications.
  • Manage the GIA Americas Junior Talent Program, including our Graduate Training Program (post-college hires) and Interns to place GTPs/Interns amongst GIA teams, develop and deliver training, act as their Line Manager and facilitate their progress through the Programs.

Director, Senior Auditor, GIA – AM Americas

UBS AG
12.2015 - 12.2023
  • Engaged on over 40 internal audits over an 8 year span, primarily in the Asset Management (AM) space, with some supporting roles on Wealth Management Americas, Investment Bank and Corporate Center aligned audits.
  • Led/performed functional AM audits (e.g. Liquidity Management, Compliance and Operational Risk Control functions, Guideline Monitoring, and Global Product Control (Fund Administration) and front-to-back audits covering various AM aligned teams/products (e.g. Global Fixed Income, Real Estate (hard assets and RE lending/debt funds), Multi-Asset strategies, Equities, Hedge Fund Solutions (HFS, UBS’ fund-of-funds platform), and O’Connor (UBS’ single-manager hedge fund division).
  • Nominated as the key / point person for GIA AM’s quarterly continuous risk assessment (CRA) processes for O’Connor, Fixed Income, HFS and Global Real Estate. Additionally, identified as the GIA Subject Matter Expert (SME) for a specific risk taxonomy “Client Investment Lifecycle Risk.”
  • Selected for a short-term rotation in GIA’s Internal Quality Assurance (IQA) department, assessing the quality of the audit workpapers for completed audits against internal methodology requirements/standards.
  • Nominated as “Key Talent” in 3Q17, and involved in two key talent programs – GIA’s 2017-18 Key Talent program and UBS’ “ASCENT” 2017-18 program.

Assistant Vice President, Internal Audit

AllianceBernstein L.P.
10.2010 - 12.2015
  • Engaged on 30+ internal audits over a 5-year span, primarily in the Investment Management (IM) space and focusing on Alternative Investment (AI) divisions or products.
  • Performed functional audits of IM/AI teams or divisions, including Portfolio Management/PMG, Trading, Operations and Reconciliations, Fund Administration, Client Reporting and Sales and Marketing.
  • Performed top-to-bottom audits of new publicly and privately offered IM/AI products, particularly Hedge Funds, Fund-of-Funds, Real Estate Funds, Private Equity Funds, and 1940 Act Liquid Alternatives.
  • Partnered with new IM/AI product development teams to help establish an appropriate “Day 1” control infrastructure.
  • Assisted AB’s Corporate Accounting team with the performance of pre-acquisition due diligence of unaffiliated, targeted IM/AI companies, from an accounting, finance, and performance perspective.
  • Represented AB Internal Audit at quarterly, internal Alternatives Risk Oversight Committee meetings.
  • Attended Board of Directors and Audit Committee meetings for multiple audits performed to discuss scope and results of the audits.

Senior Consultant, Financial Services

Milestone
02.2010 - 10.2010
  • Developed understanding of a clients' current business processes including weaknesses and areas for improvement, and worked with them to understand their desired results when the project is completed.
  • Coordinated locally and globally between client management and personnel to develop and deliver a process improvement plan in various phases, including the Introduction, Build, System Integration and Testing, End-User-Acceptance, Pre-Deployment and Post-Deployment phases.
  • Acted as the NY project manager for a large, global bank’s process improvement project over its derivatives and hedging business in response to changing US and banking regulations.

Audit Senior Manager, Asset Management

KPMG LLP
09.2009 - 02.2010
  • Acted as lead manager/lead senior for numerous Asset Management clients including Hedge Funds, Commodity Pools, Hedge Fund of Funds, Private Equity Funds, Corporate Investment Advisors, and Broker/Dealers.
  • Developed an extensive knowledge of valuation methodologies and techniques for various investment products including, equity and debt instruments, futures, forwards, return swaps, commodity swaps, CDO, MBS, PE, and Fund-of-Funds.
  • Reviewed financial statements and related footnotes for compliance with fund agreements, industry/regulatory standards and US GAAP.
  • Analyzed audit findings and communicated recommended course of action to key client personnel.
  • Supervised and coordinated overall audit progress and ensured proper and timely filings with the SEC, NFA and CIMA deadlines.
  • Actively managed client engagement overseeing a staff/senior of ten to fifteen professionals and improved economics of engagement.
  • Prepared audit planning and budget meetings with client management outlining scope of services and audit approaches on each significant account balance.
  • Participated and coordinated SOX 404 project Pre- and Post-As 5 for public commodity pool complex focusing on various entity-wide level of internal controls and specific process internal controls.
  • Prepared and led Audit Committee and Board of Directors meetings pre- and post-audit.
  • Representative client include Credit Suisse Private Equity funds, Citigroup Managed Futures Commodity Pools, Citigroup Alternative Investments Multi-Adviser Hedge Fund Portfolios LLC, Citigroup Property Investors (Hedge Funds and GIPS), Tricadia Capital Management LLC, Tremont Group Holdings, Inc (Corporate and sponsored Hedge Funds), Van Eck Associates Corporation (Corporate and sponsored Hedge Funds).

Audit Manager, Asset Management

KPMG LLP
07.2007 - 07.2009
  • Proactively identified audit issues, communicated the issues to the partner/manager, and performed preliminary research on the issue and suggest solutions.
  • Performed or reviewed walkthroughs and substantive procedures over all of the clients’ design and implementation of key processes and their impact on financial reporting.
  • Performed audits, supervised the performance of audits in accordance with firm policies and procedures, and ensured all working papers and reports complied with the firm’s quality control standards.
  • Industry exposure includes domestic and offshore hedge funds, fund of funds, private equity funds, and real estate funds in various fund structures.
  • Representative clients include those mentioned above, as well as Credit Suisse Private Equity funds.

Senior/Staff Auditor, Asset Management

KPMG LLP
09.2003 - 06.2007
  • Proactively identified audit issues, communicated the issues to the partner/manager, and performed preliminary research on the issue and suggest solutions.
  • Performed or reviewed walkthroughs and substantive procedures over all of the clients’ design and implementation of key processes and their impact on financial reporting.
  • Performed audits, supervised the performance of audits in accordance with firm policies and procedures, and ensured all working papers and reports complied with the firm’s quality control standards.
  • Industry exposure includes domestic and offshore hedge funds, fund of funds, private equity funds, and real estate funds in various fund structures.
  • Representative clients include those mentioned above, as well as Credit Suisse Private Equity funds.

Education

B.S. - Business Administration, Accounting

Loyola College in Maryland
Baltimore, MD
05.2003

Skills

  • Strategic audit planning and audit universe development and monitoring
  • Risk analysis, project management, decision-making and issues resolution
  • People management, goal setting and employee development
  • Communication and teaching skills, based on Audit focused presentations delivered internally at both UBS and AB, and based on appointments as a National and Local Office instructor with KPMG LLP for associates and senior associates
  • Proficient in Microsoft Office applications, some proficiency with Alteryx and PowerBI

Certification

Certified Public Accountant (Licensed in New York State)

Timeline

Director, Audit Team Lead, GIA – AM Americas

UBS AG
12.2023 - Current

Director, Senior Auditor, GIA – AM Americas

UBS AG
12.2015 - 12.2023

Assistant Vice President, Internal Audit

AllianceBernstein L.P.
10.2010 - 12.2015

Senior Consultant, Financial Services

Milestone
02.2010 - 10.2010

Audit Senior Manager, Asset Management

KPMG LLP
09.2009 - 02.2010

Audit Manager, Asset Management

KPMG LLP
07.2007 - 07.2009

Senior/Staff Auditor, Asset Management

KPMG LLP
09.2003 - 06.2007

B.S. - Business Administration, Accounting

Loyola College in Maryland

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