Internal Audit - Investment Banking

The prime purpose of this role is to undertake a range of internal audits of the Global Markets (Commodities, Fixed Income, Currencies and Equities) business and support functions including but not restricted to Operations, Finance, Compliance and Risk. (Risk for this purpose includes the Market Risk, Credit Risk and Operational Risk functions. Finance for this purpose includes Product Control.)

The role includes planning, project managing and executing and reporting:

• Both functional and integrated audit work within Front Office and Back Office.
• To carry out other ad hoc reviews and investigations as requested by management.
The expectations of this manager role encompass the following:

Understanding the business
• Good understanding of a Global Markets environment, both from an internal operational perspective and an external market driven perspective.
• Good understanding of the current regulatory environment and developments.
Being risk focused
• Expected to determine the risk based scope of audits through appropriate analysis and differentiate between what is important and what is not to propose a preliminary scope of work.
• Expected to raise issues and articulate the results and impact of audit work, both verbally and in writing, to contribute to a quality internal audit product.
• Expected to be actively involved in the quarterly risk assessment and annual audit planning process.
Efficient and effective service delivery
• Expected to plan and execute audits from planning through to audit reporting in line with agreed timeframes.
• Expected to project manage audits to ensure completion and documentation of audit testing in line with agreed budgets.
• Expected to be able to use and apply an appropriate mix of testing approaches including data analysis techniques on individual assignments to deliver efficient and effective audit testing.
• Expected to be resilient and determined to see projects through to completion.
People
• Team player who recognizes the team goals and objectives and strives to achieve them.
• Can effectively operate in a medium sized team through supportive team work.
• Strong relationship management skills with management at an audit and portfolio level.
• Pro-active individual who will share knowledge, consult, and escalate questions for broader consideration and discussion.
Key Responsibilities:

• Planning and execution of audit work and reporting the results to management in London.
• Conduct ad hoc reviews and special investigations as requested from time to time by management.
• To ensure audit work is documented in accordance with internal and professional standards.
• Maintain leading edge industry knowledge and technical competence.
• To provide cost-effective and value added recommendations to management and contribute to enhancing the overall control environment.
• To ensure that audit reporting addresses all key control weaknesses.
• Provide input to the quarterly risk assessment and annual planning process.
• To develop effective ongoing relationships with line management.
• Providing assurance in other locations. Whilst the job will primarily be London based, there are a number of overseas locations in which audits may be scheduled. It is not anticipated that the travel requirement will exceed 15%
Preferred Skills & Experience

• ACA or equivalent qualification (ACCA, CIMA).
• Formal audit experience (pre-requisite)
• Big 4 with a good level of post qualification experience preferably in the Financial Services area OR extensive experience of working in Internal Audit, auditing Global Markets trading products and the related control environments within Financial Services.
• A proven track record of understanding of processes and controls, within a Global Markets environment.
• Deep knowledge of current industry practices and understanding of recent regulatory developments.
• A flexible individual with an ability to undertake a varied portfolio of audits is required. The individual will need to demonstrate a track record of being adaptable and tackling new subject areas independently.
• The job holder should be a self-starter with sufficient experience as to be able to undertake assignments with limited supervision.
Candidate Profile:

• Global outlook.
• Resilience.
• Client focus.
• Good attention to detail.
• Results and outcomes orientated.
• High level of integrity and values driven.
• Able to navigate complexity.
• Enjoys working in a changing environment.
• Willing to work in new and different areas.
• Looking to broaden their audit experience.
• Open to the opportunities, and looking for the profile, that working in a medium sized audit function can offer.