Audit Manager

Principality Building Society
Cardiff, UK
12 Jul 2019
21 Jul 2019
Contract Type
Full Time
Audit Manager - Specialising in Finance, Treasury and Prudential Regulation
The job:

As an Internal Audit Manager, you will work as part of the Internal Audit team to manage and perform audit and other reviews. You will be responsible for performing financial and treasury based audits and managing your team, including quality controlling the output of the team, colleague recruitment, development, coaching and performing other expected line-management duties.

In addition to maintaining their own skills and knowledge and performing a small number of audits themselves, the Internal Audit Managers will ensure that their direct reports and any 3rd parties, deliver audits effectively and have the right level of skills and knowledge. Where work is of a highly technical or complex nature, Internal Audit Managers are expected to call on assistance through their internal and external networks and other appropriate sources where necessary. Internal audit work is subject to quality control by senior members of the team and Internal Audit Managers will themselves perform quality assessment of work from other teams as well as helping to coordinate independent QA of work performed by their own team.

Internal Audit Managers are expected to manage the portfolio of audits for the areas of the business assigned to them. This includes working with the Chief Internal Auditor, Audit Committee and Senior Leadership Team members to help agree the annual audit plan, assigning appropriate resources, setting timescales then managing audits to ensure that they are delivered within the deadlines set by Audit Committee.

As an Internal Audit Manager, you must ensure that Principality's audit framework is applied effectively by your team members and will oversee the production of audit reports which are accurate, clear, concise and effective in highlighting the most important issues.

What you'll do:
  • Performance of Internal Audits. This involves planning the assignment, discussion with colleagues and evaluation of key risk and controls, recording of evidence and conclusions, creating a report and monitoring completion of recommended management actions. An element of supervision of internal and 3rd party team members may exist. Whilst a framework exists for managing audits, each assignment is unique.
  • Management of Internal Audits, performed as above, but ensuring resources are appropriately assigned and managed and that quality is controlled
  • Administrative activities within the team e.g., maintaining process notes, development of IA best practice
  • Relationship management with Senior managers and with colleagues in respect of 'watching briefs' (assigned hot topics), attendance at meetings
  • Management of team members, including coaching and 121s
  • Quality assurance over the work of other team members

What we're looking for:
  • Educated to degree level, preferably in accounting, business or a related field
  • Qualified accountant, Chartered Auditor (CIIA) or equivalent professional experience.
  • Experience in leading audits and controlling the work of colleagues and third party providers is required
  • Experience in finance-based audits is required, ideally within Financial Services
  • Experience of Prudential regulation, Asset and Liability Management (ALM), Internal Ratings Based models (IRB) is desirable
  • Working in a role that requires risk management and business process/controls is desirable

  • Strong communication and interpersonal skills
  • Strong attention to detail
  • Report writing skills
  • Strong negotiating and influencing skills
  • Ability to work to deadlines ensuring expectations of stakeholders are effectively managed
  • A good understanding of risk management and business processes/controls
  • A good level of knowledge in one or more relevant specialisms

Who are we?

It's official! We're a Great Place to Work! We are delighted to announce that Principality has been named one of the best workplaces in the UK for the second year running on the Best Workplaces™ list 2019.

With 53 branches and 18 agencies across Wales and the borders, Principality is the 6th largest Building Society in the UK. As a mutual society, we're owned by and run for the benefit of our 500,000 members.

It's an exciting time to join us as we're currently on a Group wide transformational journey that will see our brand, technology, colleague and customer offerings updated and enhanced to really put Principality on the map and make us a brand and employer of choice within Wales and beyond. This is supported by our recent sponsorship of the iconic Principality Stadium which has put us on a global stage.

Steve Hughes, CEO, said: "Principality is a unique organisation. We are big enough to have large ambition, but small enough to value, respect and engage everyone as individuals. Our colleagues live and work in the communities they serve and have developed a strong connection with them. We strive to be an inclusive business with colleagues who are passionate about doing the right thing for Members.

As a business, Principality is keen to recruit talented individuals who are interested in joining a company in which they can really make a difference. Although the Society has been established for nearly 160 years, we pride ourselves on a progressive culture, which encourages its employees to thrive.

Our culture is renowned for being friendly, open and inclusive where we actively encourage everyone to bring themselves to work. Our people are our most important asset and make us stand out in the finance sector. They're the driving force behind our success and we're committed to creating and maintaining a great place to work

What can we offer you?

As well as a great working environment with a strong family feel and plenty of opportunities for development and growth, you can expect a generous package that includes pension, bonus and incentive schemes, free life assurance cover, critical illness protection, private healthcare and the option to buy extra holiday each year. You can also be a part of our Sports & Social club which gives our colleagues access to discounted theatre, sporting and family events and to top it all off, we always have tickets up for grabs for the latest events at Principality Stadium.

As Principality colleagues, we want you to walk a mile in our customer's shoes. This is why we provide all staff with £100 to open a savings account at your local branch to really feel a part of our core business. £100 also grants you voting rights at the Principality Annual General Meeting.

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