Internal Audit Manager

Charles Levick Limited
London (Greater)
07 Nov 2017
16 Nov 2017
Contract Type
Full Time

My client a leading bank, is looking to recruit an Audit Manager who will be required to work as part of the London Internal Audit team that covers end to end processes in the various business lines, and assist the Senior Manager, Audit Europe 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 a strong understanding of the operational processes and controls supporting capital markets and treasury businesses, and knowledge of the UK and EU regulatory environment. 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:

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 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 quaterly status of outstanding issues and follow up for timely resolution of the issues in the Audit Issue Tracking Database.

Summarize issues in a draft audit report for review by the Director, Audit 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.

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.
* Auditing and accounting knowledge/experience focussed on captial markets.
* Experience of auditing control and support functions, e.g. finance, operations, risk management, product control, compliance, HR.
* Knowledge of regulatory requirements relevant to the capital markets.
* Experience in credit reviews and related audits will be an asset.
* Good analytical skills necessary to assess risks of various products and operational processes.
* Ability to problem solve and multi-task.
* Thorough ability to write clear, concise audit reports as well as internal and external communication.

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