Principal Internal Auditor - Edinburgh

The Role

As a Principal Auditor you will support the Audit Manager and Head of Audit in delivery of audits through the entire audit process from planning through to issue management and closure.

Key Responsibilities For This Role

• Collating and reviewing information on business areas for auditing
• Supporting Audit Manager in interviewing management to understand processes followed and discussing potential audit observations
• Writing working papers to ensure they comply with the agreed standards and discussing findings with the Audit Manager and the Head of Audit
• Drafting and assisting with finalising the findings and observations with audit management, and supporting in issue assurance management and closure.
• Building strong and effective working relationships with senior management, teams and external auditors
• Assisting the Audit Manager and Head of Audit in providing briefings to the Audit Director ahead of committee meetings
• Assisting with the annual planning exercise to identify the areas of highest risk and the key areas that should be audited

Key Knowledge, Skills & Experience

• Good understanding of risk and controls
• Strong written communication skills
• Excellent stakeholder and relationship management skills
• Ability to work co-operatively with colleagues and the wider business
• Strong project management skills

Experience

• Experience of working closely with senior management and Audit Committees to understand and deliver against expectations
• Experience of assessing, reacting quickly and decisively to problems once identified, taking tough decisions where needed
• Significant experience of a broad range of audit frameworks and approaches, covering financial and non-financial risk
• Experience of influencing and negotiation at all levels of the organisation, strong awareness of when to escalate audit issues upwards to more senior members of the audit team
• Experience of influencing others and building strong relationships across the business

Knowledge

• Detailed knowledge of audit tools, techniques and industry best practice
• Detailed level knowledge of the UK Financial Services sector, including regulatory, governance and risk management rules and regulations relevant to financial and non-financial risk
• Detailed knowledge of the principles of accounting and auditing and their application to the business
• Relevant professional qualification (e.g. Accountant/Auditor) with relevant post qualification experience
• Working knowledge of professional standards and codes relating to the specialism (Accounting, Auditing)
• Working knowledge of products, systems and distribution methods; and related risks
• Understanding of the Statement of Principle and Code of Practice Personal attributes
• Ability to build relationships with and understand the business whilst retaining complete independence as an auditor