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Internal Controls Testing Consultant - UK&I - Risk Management - FTC until December 2022 - UK Wide

Closing date
14 Jun 2021

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Job Details

The opportunity
We are looking for Senior Associates to work on the implementation of ISQM1 for the UK firm. ISQM1, the International Standard on Quality Management, is currently an Exposure Draft under consideration by the IAASB and will replace the extant standard ISQC1. It will apply to all firms carrying out audits or reviews of financial statements, other assurance or related services engagements and its objective is to require firms to make a risk based assessment of its quality control processes and embed a system of controls.
Successful implementation of ISQM1 is central to EY's strategy to be the pre-eminent and most trusted global Assurance practice. The reputation of our brand relies on the quality of the work that we do and having a system of quality management in place helps ensure a quality output. These roles are therefore central to EY's strategy and successful implementation of ISQM1 is a key priority of the EY LLP Board.
The UK firm will be required to comply with this standard from its effective date, likely to be December 2021, but is also working under the EY Global project for implementation of the standard. Preliminary work has already commenced in the UK and the Global implementation is expected to start in January 2020.

Your key responsibilities
The team is being led by an Associate Partner and a Senior Manager from PPD, the Assurance service's risk management function. We are looking for Level 2s to take responsibility for review, coordination and development of the documentation. The team is overall responsible for:
  • Running a series of workshops with Process Owners to understand and document the processes in a flowchart format.
  • Assisting Process Owners in documenting controls.
  • Identifying gaps in the current control structure and working with Process Owners to design and implement new controls.
  • Working under the Global project to fulfil requirements as set out by the Global implementation team
  • Engaging with stakeholders across the UK firm
  • Developing an ongoing compliance function for ISQM1

Skills and attributes for success
  • Excellent project management and interpersonal skills
  • Communication skills

To qualify for the role you must
  • Have experience advising clients on control implementation
  • Have experience working in a controls environment

Ideally, you'll also have
  • Experience working in a controls environment

.What we look for
We are looking for a broad range of skills for this team. The roles would ideally suit those from an Advisory background, however we will also consider those from an Assurance background who have significant experience of auditing controls.

What working at EY offers
We offer a competitive remuneration package where you'll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:
  • Support, coaching and feedback from some of the most engaging colleagues around
  • Opportunities to develop new skills and progress your career
  • The freedom and flexibility to handle your role in a way that's right for you
EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.

About EY
As a global leader in assurance, tax, transaction and advisory services, we're using the finance products, expertise and systems we've developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

Please note
Prior to finalizing your application, you will be asked to provide personal information across several dimensions of diversity and inclusiveness. The information you provide is kept entirely confidential and will not be used to evaluate your candidacy. We collect this data to help us analyse our recruitment process holistically and implement actions that promote diversity and inclusiveness. While optional, we encourage you to provide this information to hold us accountable towards our goal of building a better working world. Read more about our commitment to diversity & inclusiveness here . We ask because it matters!

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

Join us in building a better working world.

Apply now.
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