Regulatory Compliance Internal Audit Manager

  • GBP70000.00 - GBP80000.00 per annum
  • London, England, United Kingdom
  • Permanent, Full time
  • Charles Levick
  • 23 Nov 17 2017-11-23

My client, a leading global bank, is looking to recruit a dynamic individual to join the company as an Internal Audit Manager with a specialism in Regulatory Compliance within the Capital Markets business.

My client, a leading global bank, is looking to recruit a dynamic individual to join the company as an Internal Audit Manager with a specialism in Regulatory Compliance within the Capital Markets business.

Purpose of the Job:

* The Internal Audit Department plays a key role in the risk management process of the bank. Its mandate is to provide independent and objective assurance over the design and operation of the bank's controls and operational processes and to provide advisory services designed to improve the bank's operations.
* Required to work as part of the London Internal Audit team that covers end to end processes in the business lines, and assist the Senior Manager, Audit Europe in assessing the effectiveness of controls to comply with regulatory subject areas, evaluate compliance functions in the business lines, assess effectiveness of regulatory reporting processes, and keep abreast of applicable regulatory requirements.
* Have strong 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.

Accountabilities:

* Engagement Planning - Assist in the planning of audits to ensure scope and extent of work is in accordance with the approved plan, timing and budget are reasonable, procedures are efficient and appropriate resources are assigned. Develop a thorough understanding of the regulatory compliance framework, business, risks and processes for assigned projects. Identify emerging issues that may impact the audit plan.
* Audit Execution - Perform assigned activities ensuring the nature and extent of testing is appropriate to support the audit findings and conclusion. Execute the audit plan to meet the audit objectives within the budgeted time. Ensure documentation of work is of a high standard, supports audit conclusions and is in accordance with department standards. Work as part of the team in ensuring appropriate audit coverage and minimize duplicate audit efforts within the group.
* Problem Identification - Identify audit findings based on work undertaken, determine root cause of the problem and associated impact, validate the accuracy of the finding with the audit client and clearly highlight the risks for presentation to management. Escalate higher risk issues to audit management. Monitor the quarterly status of outstanding issues and follow up for timely resolution of the issues in the Audit Issue Tracking Database.
* Reporting/Communication - Summarize issues in a draft audit report for review by the Director on a timely basis. Present findings to senior Audit staff (OIC and Principal) and assist in audit closing meetings; Ensure that the electronic work paper files are updated on completion of the audit, all sections are reviewed, and findings have been uploaded to Audit Issue Tracking Database. Follow-up for corrective action/progress against reported issues in the Audit Issues Tracking Database on a quarterly basis and escalate when necessary.
* HR Management - Comply with department established HR Management policies and procedures. Prepare periodic and annual performance self-assessments, personal goals and objectives for measurement of performance, a career development and training plan and monitor for achievement/completion.
* Special Projects - As directed by management, carry out specific projects or investigations of a moderate or high complexity and/or confidential nature. Plan, document and seek agreement in advance to the project approach and confirm conclusions upon completion in writing. Assist with the peer review Quality Assurance Program including review of documentation and reports of assigned audit project and reporting of findings to the Audit Professional

Educational Requirement:

* 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.

Functional Competencies:

* Knowledge of Compliance Framework, structure, programs, key regulations / regulators.
* Auditing experience focussed on capital markets and treasury businesses.
* Prior experience in a Compliance function, Banking Regulator or Compliance audit or related areas will be an asset.
* Ability to problem solve and multi-task.
* Thorough ability to write clear, concise audit reports as well as internal and external communication.