Internal Auditor - Audit - Assistant Vice President Internal Auditor - Audit - Assistant Vice  …

Jefferies
in London, England, United Kingdom
Permanent, Full time
Last application, 25 Jun 19
Competitive base & bonus
Jefferies
in London, England, United Kingdom
Permanent, Full time
Last application, 25 Jun 19
Competitive base & bonus
Jefferies' Internal Audit Department provides independent risk and control assessment to assist senior management and the Audit Committee in fulfilling their oversight responsibilities. Through the audit process, the Internal Audit Department evaluates whether the internal control system throughout the Firm is adequate and operating effectively. Our objective in performing an audit is to identify and analyze the risks that can prevent Jefferies from achieving business objectives (including performance and profitability goals), reliability of financial reporting, and compliance with applicable policies, rules and regulations

Company

Jefferies, the world's only independent full-service global investment banking firm focused on serving clients for over 50 years, is a leader in providing insight, expertise and execution to investors, companies and governments. Our firm provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income, and foreign exchange, as well as wealth management, in the Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.

Team

Jefferies' Internal Audit Department provides independent risk and control assessment to assist senior management and the Audit Committee in fulfilling their oversight responsibilities. Through the audit process, the Internal Audit Department evaluates whether the internal control system throughout the Firm is adequate and operating effectively. Our objective in performing an audit is to identify and analyze the risks that can prevent Jefferies from achieving business objectives (including performance and profitability goals), reliability of financial reporting, and compliance with applicable policies, rules and regulations. Audit Coverage is provided in the following areas:

  1. Business: Evaluate the internal control environment supporting the business processes.
  2. Technology: Evaluate key processes, inherent risks and associated controls over the technology platforms and automated business systems.
  3. Pre/Post-Implementation: Evaluate implementation and controls surrounding new systems, businesses and products.
  4. Special Projects: Specific, targeted reviews requested by senior management or the Board Audit Committee.


Internal Audit also assesses the design adequacy and operating effectiveness of key controls on behalf of management (via Sarbanes-Oxley and Jefferies Risk and Control Self-assessment processes). 

The team in London is small (7-8 people), and audit coverage is across all aspects of the firm, which includes Sales and Trading (Fixed Income, Equities), Asset Management, Wealth Management and all corporate/ support areas. It is a close team and given all members have different experiences it is imperative we share our knowledge and communicate to provide the best quality service we can for the organisation and our key stakeholders. The Internal Audit Department works closely with JIL Management to ensure that any control issues are highlighted on a timely basis to ensure remediation is understood and achievable. 

Role

Key Responsibilities

The key responsibilities are:

  • Working with stakeholders across all departments to test the design and operating effectiveness of the selected key controls;
  • Create and execute test plans and evidence request lists for each key control;
  • Documentation of design and operating effectiveness testing (based on the evidence provided) in a working paper to a professional standard.  Working papers are reviewed to maintain adequate quality control.
  • Creating and discussing with Department Heads or control owners, all observations and resulting action plans that will improve the design and/or operating effectiveness of controls.  (Any issues can be escalated to the Head of European Internal Audit who will work with you to resolve and progress)
  • Ensure corrective actions (with agreed target date) are tracked to completion.

Person Specification

The following skills and experience are required for this role:

  • The person needs to have enough audit experience to be relatively autonomous and ask the appropriate questions.  
  • It is preferred but not essential Investment Banking experience
  • No specific system experience is needed        
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