PROFESSIONAL SERVICES RECRUITMENT - The best appointment you'll make

Internal Audit Manager - Edinburgh

£50,000 to £70,000 plus bonus and benefits - Financial Services - Accountancy & Finance
Ref: 1897 Date Posted: Tuesday 18 Jan 2022
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Internal Audit Manager 

 

Location – Edinburgh (flexible – one day per week in office and can look at other UK locations)

As the Audit Manager you’ll be responsible for supporting the Senior Audit Manager (SAM) in delivering an independent and objective risk-based Internal Audit service designed to systematically evaluate and improve the risk management, control and governance processes.

You’ll support the SAM and Audit Director (AD) through leading and delivering allocated audit assignments through planning, fieldwork, reporting and follow-up stages with minimal supervision.

This opportunity can be based at different locations and will require you to be in the office 1-2 days per week.

What you need to do

  • Contribute appropriately to the provision of an independent assessment of governance, risk management and control processes.
  • Contribute appropriately to the achievement of the IA department objectives including development and implementation of the Internal Audit function and IA frameworks.
  • Support and manage, efficiently and effectively, all relevant aspects of the IA strategy and services, consistent with current professional standards
  • Lead and undertake assigned audits to time, plan and quality using the audit methodology and quality standards, regularly reporting progress to the SAM.
  • Provide coaching, development and performance management, as required to any Senior Auditors within the audit team.

Delivering the audits

  • Identify and assess potential risks to the business and appropriate audit responses, working in line with current regulatory and statutory requirements.
  • Take accountability for the end-to-end audit process and deliverables.
  • Undertake assigned audits on time and to quality standards, using the IA methodology meeting the following requirements during the planning, fieldwork and reporting stages.

Planning

  • Liaise with the business to confirm that planned timescales for the assignment are viable.
  • Discuss the business context and audit scope with the SAM, including any issues or concerns and resourcing challenges.
  • Set up and carry out any required site visits, conducting 'walk through' interviews with key staff to identify processes, risks and controls.
  • Capture all relevant data within process maps and meeting notes.
  • Create and issue an Audit Planning Document, assessing the adequacy of controls, identifying tests to be completed and the associated testing rationale.
  • Design the test strategy to be used during fieldwork.
  • Create and issue the Terms of Reference to the business.
  • Review key audit documents with the SAM and AD, as required by the IA methodology.

Fieldwork

  • Conduct site visits to test the effectiveness of controls.
  • Document testing in the audit software.
  • Identify, analyse and classify issues arising from the audit fieldwork, involving the SAM/AD as required, suggesting effective and efficient control improvements.
  • Demonstrate an awareness of the relevance of issues identified to the wider business.
  • Present regular updates to the business during testing.

Reporting

  • Finalise meeting notes and reports on control tests and enter the data into the audit software, in line with the IA methodology.
  • Structure findings and shape messages to draft persuasive audit reports for review with the SAM/AD.
  • Escalate contentious issues or findings to the SAM and AD as required.
  • Liaise with key business stakeholders to introduce and discuss the draft and final reports.
  • Meet key auditees with the SAM/AD to present the audit findings to support coherent and consistent agendas.
  • Conduct and on-going follow up of issues to ensure that they are monitored until closure.
  • Provide support to the Monthly Control Report and Audit Committee reporting as directed by the SAM/AD.

What you need to know and show

  • Qualified Chartered Accountant
  • 1-2 years’ experience in risk-based auditing or risk and control activities, ideally in financial services.
  • Experience of working in a largely outsourced environment would be beneficial but not compulsory.
  • Experience in engaging with business management.
  • Experience of working in an integrated audit function, working closely with other audit team colleagues.
  • IIA CIA, ACCA or equivalent qualification are required and IIA CMIIA, CISA, CISSP or equivalent are desirable.
  • Good communication skills, both verbal and written, and relationship building skills.
  • Good planning and organisational skills.
  • Ability to maintain SME skillset in a changing and complex landscape.
  • Strong analytical, evaluation and problem-solving skills.
  • Focus on results and drive to meet standards.
  • Focus on finding solutions that have the right outcomes, acceptable to both the auditee and IA function.
  • Ability to operate with little supervision using initiative to work efficiently and effectively.
  • Demonstrate drive in delivering audits.

 

Benefits

In addition to the all-important competitive salary, pension & bonus offering, our client totally gets that life outside work is important to us all. So they want to shout out some of our other great benefits…

  • They offer flexible working to help you achieve a good work/life balance. 
  • Opportunity to buy extra holidays is on the table.
  • Cycle to work scheme.

Everyone is welcome at our client, and they are proud to be an equal opportunities employer that champions a diverse and inclusive culture that reflects the diversity of the communities they serve.

Work-life balance is important to them, so they offer colleagues as much flexibility as possible in line with the needs of their role. They trust them to decide how, where and when they work, combining remote and collaborative working with a flexible approach to hours within their working days, giving plenty of time and space for life outside of work whilst delivering against business goals. 

If you’re interested in applying and are excited about working with them but are unsure if you have the right skills and experience – we’d still love to hear from you! We’d also be happy to discuss more flexible working options such as job shares and part time working.