Our client is a dynamic and forward thinking organisation that operates mainly in the financial services industry. Due to continued success they are looking to recruit an experienced Internal Audit Manager to join their highly successful team. The Internal Audit Manager will have overall responsibility for the IA service with a focus on business risks from the generation of a risk based annual plan through to delivering independent internal audits across the Group and conducting surveillance and advisory activities. The primary role of Internal Audit is to help the Board and Executive Management to protect the assets, reputation and sustainability of the business. It does this by assessing whether all significant risks are identified and appropriately reported by management and the Risk function to the Board and Executive Management; assessing whether they are adequately controlled; and by challenging Executive Management to improve the effectiveness of governance, risk management and internal controls. Internal Audit is responsible for:
• Working with the Audit Committee and senior management to identify and mitigate or minimise strategic, operational, financial and compliance risks,
• Developing and implementing a flexible, risk-based audit plan based on the risk universe, and other concerns identified by management and the Audit Committee,
• Working with senior management to bring cost-effective and efficient leading practices to the way our client does business,
• Being the investigative arm of the Audit Committee,
• Helping maintain the "Tone at the Top" for ethical behaviour and actions throughout the organisation,
• Maintaining a professional internal audit staff with sufficient knowledge, skills and experience. Specific Responsibilities
• Ensuring that internal auditing standards and requirements are fully understood and applied;
• Employ Industry best practice;
• Maintain the Audit Universe Inventory and associated risk assessment from ongoing continuous monitoring activities;
• Deliver the Audit plan approved by the Audit committee by planning, executing, and delivering audit reviews. Specifically, the Internal Audit Manager will be expected to take an active part in executing fieldwork by conducting testing and, eventually, supervising the activities performed by both internal staff and the third-party internal auditors performing the fieldwork;
• Documenting the results of audit work in accordance with audit department and the Institute of Internal Auditors (IIA) standards.
• Preparing timely audit reports for executive management, the Audit Committee and the Board of Directors.
• Enforcing the internal audit findings and recommendations, especially where corrective action is required;
• Attending and representing Internal Audit at relevant Governance committees or working groups;
• Building and maintaining effective working relationships with stakeholders across the organisation.
• Performing ad hoc internal-audit related projects as required;
• Contributing, as appropriate, in the year-end financial audit with the external auditor.
• Line management responsibilities - managing and developing direct reports/junior staff as applicable. An experienced leader, highly motivated and with a proven track record of strong influencing skills and the ability to liaise and work with senior management; Good understanding and working knowledge of current internal audit practices & techniques through significant years of progressive work experience within a financial services environment.
• Proven experience of developing and delivering audit plan within the financial services sector A strong, confident persuasive communicator (oral and written), capable of robust dialogue;
• Experience of coaching and developing junior staff; Qualifications
• Relevant professional qualifications. Desirable
• Experience with asset management sector.
• Experience with CASS audits.
• CIA, CMIIA or equivalent from IIA. This is an excellent opportunity for an experienced Internal Audit Manager to work for a progressive and successful professional service company who fully believe in developing their workforce. So if you feel that you have the necessary skills and experience to be successful in the role of Internal Audit Manager then please apply now for immediate consideration.