FINANCIAL SERVICES RECRUITMENT

LONDON | NEW YORK

JOB SUMMARY

Internal Audit (Banking & Capital Markets) - Senior Manager

My client a leading bank, is looking to recruit a Senior Audit Manager to join the London Internal Audit team who are responsible for covering end to end processes in the various business lines. This role will be focused on assisting the European Audit Director in assessing the effectiveness of controls in front / middle / back offices and other support functions that relate to these business lines, as well as to maintain awareness of applicable regulatory requirements.

JOB TEXT

My client a leading bank, is looking to recruit a Senior Audit Manager to join the London Internal Audit team who are responsible for covering end to end processes in the various business lines. This role will be focused on assisting the European Audit Director in assessing the effectiveness of controls in front / middle / back offices and other support functions that relate to these business lines, as well as to maintain awareness of applicable regulatory requirements.


The successful candidate will be required to have expert knowledge of the UK and EU regulatory environment and regulations relevant to the capital markets and treasury businesses. The incumbent should be proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to the performance and review of audits.


Key Accountabilities:


Audit Planning
* Assist the Director, where required, in the development of the annual Audit UK Plan and in the continuous evaluation of the plan to ensure that all high risk regulatory compliance areas are being addressed, including compliance with regulatory requirements in line with expectations from the regulators. Gather key trends and information to confirm planned risks/areas of audit focus.
* Identify systemic/emerging issues and changes planned/undertaken by the audit client that will impact the audit plan through discussion with the Audit Director. This may include preplanning meetings and walkthroughs with audit clients to confirm understanding of the processes and activities subject to audit.


Auditing and Execution
* Execute and manage assigned activities independently in accordance with the Department Standards ensuring the nature and extent of testing is appropriate to support the audit opinion, ensuring appropriate completion and review of documentation prepared by audit team members.
* Complete on-site review of assignments per planned timelines, ensuring adequacy of work performed to support the audit conclusions and compliance with Audit Department Methodology.
* Recommend changes to the scope/extent of the audit based on initial research/audit findings.


Problem Identification
* Ensure audit results are gathered, determine the root cause of the problem and associated impact, and report accordingly with limited supervision. Confirm results of the audit work with the audit client.
* Prepare and/or review audit findings for presentation to management, document reported issues and monitor the quarterly status of outstanding issues as assigned.


Reporting / Communication
* Should be proficient in drafting audit reports and correspondence demonstrating good understanding of issues articulating key risks, materiality and associated impact in accordance with the Department Audit Methodology. Recommendations should build in best practices observed in other units.
* Review/edit reporting from team members and summarize issues in final audit report for assignments of higher complexity.


Skills & Experience


* Requires an undergraduate degree in Business, Accounting or equivalent at a minimum.
* Preference will be given to candidates who have relevant technical/professional qualifications and training.
* Expert knowledge of Compliance Framework, structure, programs, key regulations / regulators.
* Prior experience in a Compliance function, Banking Regulator or Compliance audit or related areas is required.
* Auditing experience focussed on capital markets and treasury businesses will be an asset.
* Good project management, planning, and organizational skills.
* Ability to multi task, handle complex audits and work with other audit teams will be essential.
* Be a self-starter / take initiative, detail oriented and deal with ambiguity.
* Thorough ability to write clear, concise audit reports as well as internal and external communication.

A DIFFERENT APPROACH TO HUMAN CAPITAL MANAGEMENT
FIND US ON LINKEDIN, TWITTER & INSTAGRAM
  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 15 Jan 18