Audit Manager (Capital Markets)

£80000 - £90000 per annum

What is the primary purpose of this job?

  • Support the Bank and the assigned Business/Corporate Group in maintaining effective management processes and system of internal control for the European Capital Markets Operations (UK and Ireland). An effective audit function provides vital assurance to the Board of Directors and senior management as to the quality of the internal control system and in so doing helps reduce the risk of loss and reputational damage to the Bank. The function is instrumental in identifying unacceptable / high risk circumstances that could lead to material impact on profitability or The Audit Manager is responsible for conducting audits which critically assess management and internal control processes, ensuring the nature, extent and timing of the audit is appropriately executed and contributing to the formulation of an insightful audit report which provides clear, concise and memorable insights on assed possible issues, which will assist management in fulfilling its responsibilities.
  • Contribute to the sustainability of a strong internal audit practice by maintaining a high-performance culture and embedding the principles of conduct within the role.
  • Contribute through direct actions to the Division's stature and independence within the Bank.

Requirements:

Knowledge

  • Undergraduate degree or equivalent with 5+ years of direct relevant experience in an audit function or business / corporate function
  • A recognized professional designation in Accounting or Internal Auditing (CA, CMA, CGA, CIA or CISA)
  • Strong knowledge of EU and/or UK & Ireland financial regulations
  • Strong knowledge of professional IIA performance standards with regarding to planning, testing, sampling and documentation
  • Understanding of capital markets products (Equity, Fixed Income, Derivatives, Options, Money Market, Foreign Exchange) would be considered an asset

Accountabilities:

As an Audit Manager, you will be responsible for testing key internal controls and governance and risk management processes, in alignment with Corporate Audit Methodology. You will identify and communicate changes in project risks and processes identified through testing as well as suggested responses to those changes. You will contribute to the team’s efficiency by identifying opportunities for simplification and automation. In addition:

  • Acts as a trusted advisor to assigned business/group
  • Influences and negotiates to achieve business objectives
  • Identifies emerging issues and trends to inform decision-making
  • Provides critical input to Head of Corporate Audit/Senior Audit Manager on the practical aspects of the audit and its execution
  • Helps to develop and lead audit plan for individual engagements
  • Provides input into Corporate Audit processes identifying opportunities to simplify
  • Executes audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal/external environment and regulatory risks
  • Conducts advisory engagements and other engagements as required
  • Determines impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services
  • Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment
  • Utilizes data analytics to improve quality, effectiveness and efficiency
  • Develops an awareness of business strategies, policies and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes
  • Maintains the independence of the audit practice and its personnel
  • Develops insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed. Deliverables must be objective, clear, concise and timely
  • Identifies control deficiencies and provides a fair and balanced assessment of their magnitude
  • Maintains working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment
  • Ensures that all audit procedures executed are conducted in accordance to Corporate Audit Methodology as confirmed by the Quality Assurance program and/or regulatory examination results
  • Applies sound judgement in the execution of the assigned work and ensures open lines of communication
  • Develops and maintains good working relations with key stakeholders
  • Actively monitors change management initiatives and identifies potential risks
  • Actively participates and supports Corporate Audit change initiatives
  • Maintains and enhances professional audit qualifications in line with industry standards
  • Focus is primarily on business/group within Bank; may have broader, enterprise-wide focus
  • Provides specialized consulting, analytical and technical support
  • Exercises judgment to identify, diagnose, and solve problems within given rules
  • Works independently and regularly handles non-routine situations
  • Broader work or accountabilities may be assigned as needed

McGregor Boyall is an equal opportunity employer and do not discriminate on any grounds.

 

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