Principal Internal Auditor

Paragon Banking Group
Closing date
10 Jun 2022

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Contract Type
Full Time
About the RolePurpose of the roleThe role of Internal Audit at Paragon is to provide an independent, objective assurance and consulting activity designed to add value and improve Paragon's operations. It helps the business accomplish its objectives by bringing a systemic and disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Internal Audit is the third line of defence for ensuring there is effective control in the Paragon Group and Paragon Bank regulatory and risk management framework. Internal Audit have specific responsibilities to provide assurance that IT and Change activities are appropriately undertaken.Key Duties
  • Lead IT and Change audits relating to Cyber, Operational Resilience, Cloud, Priority Projects, and other relevant areas across the Bank to ensure the Group adheres to security policies, frameworks, and relevant regulations.
  • Carry out IT and Change audit and work across all business areas as well as relevant critical suppliers to assess information security risk exposure.
  • Assist the Audit Manager in identifying and prioritising significant risk areas in the Group's first line business activities, and second line risk management and regulatory framework as part of the preparation for the audit plan coverage.
  • Assist the Audit Manager with audit allocation process, managing the team workloads and appropriate resource
  • Responsible for delivery of own audits within agreed timescales
  • Provide mentoring to team colleagues, sharing knowledge and offering guidance, direction, and assistance as required
  • Arrange and attend meetings with auditees ahead of reviews to discuss/agree the internal audit approach and scope
  • Review working practices/procedures with relevant staff/management
  • Identify current / potential risks and assess controls against those risks for each audit area
  • Originate / develop and carry out audit tests, discuss audit findings with local and senior management; complete peer review of audit files as directed by Audit Manager
  • Issue and discuss audit findings with Audit Manager & IA Director before discussion with senior management to agree factual accuracy and recommendations/actions
  • Produce high quality internal audit reports for review by the Audit Manager
  • Follow up to evidence that actions agreed in Internal Audit reports have been implemented, or to assess progress made towards achieving the action agreed to date
  • As requested by Internal Audit Director/Audit Manager, attend working groups, committees, meetings as appropriate and advise on control aspects of developing systems / new business areas / acquisitions
  • Undertake any investigation work or ad hoc projects as directed by the Internal Audit Director/Audit Manager
  • Carry out due diligence work for acquisitions/servicing contracts as requested by the Internal Audit Director/Audit Manager
  • Represent Paragon at external functions as agreed with the Internal Audit Director/ Audit Manager
  • As directed by Audit Manager, attend meetings with external auditors and other internal assurance providers to discuss/agree the internal audit approach and co-ordinate reviews
  • Identify areas where internal audit practices/procedures could be improved to enhance quality of IA services; improve utilisation of audit system; or to meet professional standards and discuss solutions with the Internal Audit Manager
About YouSkills
  • Displays good knowledge and understanding of IT landscapes, systems, environments that may be supplemented through awareness of ISO standards, ITIL framework, NIST, COBIT, ITGCs
  • Displays sound understanding of change management; project, programme and portfolio delivery
  • Demonstrates awareness and understanding of the regulatory requirements and expectations relevant to role
  • Good awareness of the financial services industry plus knowledge of risk management regulation and practices
  • Ability to identify and assess risks and challenge processes and procedures in a constructive and effective manner and offer recommendations to negate/minimise the risks
  • Ability to analyse and critically evaluate data
  • Demonstrate effective challenging, listening, fact finding and recording skills
  • Ability to communicate effectively and confidently both in writing and verbally at all levels, challenging management, exercising diplomacy when appropriate
  • Produce factually accurate draft audit reports
  • Determine resources, and plan work logically to complete a task effectively
  • Use interactive skills to have an impact and be effective at meetings
  • Develop and maintain good working relationships with business areas
  • Demonstrate a pro-active, self-motivated, and professional approach with a commitment to learn new skills and grasp concepts quickly, such as the ability to learn and interpret appropriate practices, policies, and regulatory requirements
  • Ability to work on own initiative and as part of a team
  • Observe confidentiality at all times
  • Working knowledge and ability to navigate Paragon's operational systems and databases and competent with Microsoft Office applications
  • Maintain essential records and report on the progress of projects effectively
  • Demonstrate knowledge and understanding of Paragon's businesses and third-party service contracts
  • Working knowledge of the appropriate regulation in relation to Paragon's businesses
  • Demonstrate awareness of emerging issues in the financial services sector and relevant legislation/regulation
  • Demonstrate the ability to mentor colleagues, sharing knowledge and experience, coaching less experienced auditors demonstrate
Qualifications and experience
  • Relevant degree e.g., Computing, Mathematics, Engineering or Computer Science
  • Internal Audit experience is desirable but not essential
  • IT qualifications including PRINCE2, ISACA are desirable but not essential
Working hoursMonday to Friday 37.5 hours a week, 8:30am to 5:00pm with one hour for lunch.
We promote flexibility around how and where we work so that you can achieve a healthier work-life balance. Emerging from the pandemic, most of our teams are moving towards hybrid working, which offers an even better balance of office and home working. Of course, for us to provide the best service to our customers and remain successful, individual business areas will adopt different approaches to how flexibility is implemented locally.
About UsHere at Paragon, we're committed to making a change. Our people and our customers are very important to us and together we are invested in reducing the impact we have on the environment and embedding sustainability across the business. Take a look at our Responsible Business Report to read about the progress we're making for our business, our people, our community and our customers.
Location Solihull Department Internal Audit Advertising Salary Competitive depending upon experience Vacancy Type Permanent

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