Financial Services Audit Senior/Supervisor

Johnston Carmichael Ltd
Edinburgh, UK
21 Apr 2019
16 Apr 2019
Contract Type
Level of qualification
Newly qualified, Qualified
To be responsible for controlling the day to day audit work; flag up issues and concerns to the Audit Manager at an early stage; train Audit Assistants as needed; ensure deadlines and budgets are met and the audit file is presented for review as a substantially complete file, finished to a good standard and signed off. Financial Services is one of the firm's key specialist sectors. Our Financial Services audit team consists of two divisions, Financial Services Audit and Financial Services Advisory. The Financial Services Audit team is a fast-growing part of our business principally responsible for the audits of regulated investment funds, boutique asset managers and personal investment companies. The Financial Services Advisory team is a more recent addition to our offering, providing a range of alternative assurance services, including client money (CASS) audits, fund merger valuations and internal control reports, and supporting FCA-regulated businesses in meeting their regulatory responsibilities. It is intended that the successful candidate would be based within our Financial Services Audit team but would also work within our Financial Services Advisory team, providing a breadth and depth of experience. The Financial Services Audit Senior/Supervisor will be responsible for (but not limited to): Completing the audit planning documentation Arranging the timing of the audit work with the Audit Manager responsible for the client Planning, scheduling and delegating work to Audit Assistants, as available, ensuring the most complex work is completed as soon as practical; the Audit Assistants are supported as necessary to complete their work to the standard required; work expected from the client which is incomplete is passed back and is noted for the Audit Manager's attention; and the audit work is completed on time and to a high standard Briefing, training and debriefing Audit Assistants, giving formal feedback as required Liaising with client staff while on the client's premises, building effective relationships with client's staff Monitoring budgeted versus actual time spent, flagging up scope issues, on-site issues and overruns to the Audit Manager on a timely basis Keeping the client's staff informed of progress and issues while maintaining confidentiality Auditing the draft tax computation and tax provisions with supporting schedules and liaising with the tax staff to get these reviewed as required Preparing and/or reviewing the draft financial statements to a reasonable standard, free from quality control issues Undertaking regulatory assurance assignments such as CASS audits, ensuring that any issues are reported to managers and appropriate follow up action is taken Assessing the impact of changing regulation and supporting clients on meeting these regulatory obligations Qualifications: CA qualified or equivalent Practical experience of using software systems in the preparation of audit files, financial statements and audit working papers. Full training will be given on all software packages. The successful candidate will have practical experience and/or knowledge of controls testing and FCA regulations. Experience in carrying out FCA regulatory and client money audits would be advantageous but not essential. The successful candidate will also have good organisational skills, be pro-active in their approach to their work and have an adaptable mindset.