Bank of Ireland

Head of Audit, Financial Risk

Dublin, Ireland
22 Jul 2021
05 Aug 2021
Approved employers
Approved employer
Contract type
Full time
Experience level

Description of Business Unit:

Group Internal Audit (GIA), together with Credit Review, forms the 3rd line of defence for the Bank of Ireland Group. GIA's purpose is'to provide independent insight and opinion', including providing independent assurance to key stakeholders on the effectiveness of the Group's risk management and internal control frameworks. To fulfil this purpose, GIA carries out risk based assignments, covering Group businesses and functions (including third party outsourcing providers, subject to the right to audit). GIA also provides additional insight through its attendance at key governance fora and committees across the Group. Key stakeholders include the Board ('Court'), the Group Audit Committee (GAC), the Court Risk Committee (CRC), key subsidiaries' audit and risk committees and senior management, as well as other key parties, including the Group's regulators and external auditors. GIA's findings are communicated to senior management and other key stakeholders, with remediation plans monitored for progress against agreed completion dates.

Purpose of the Role:

The successful candidate will provide 3rdline of defence leadership for the accountable Key and Sub Risks within the accountable Divisions and Functions (as above) for Bank of Ireland. You will also provide leadership within the GIA Function, working with Leadership Team (LT) colleagues to develop, champion and successfully execute strategies to fulfil the Purpose and Vision for the Function and act as GCIA approved delegate when required.

Key Accountabilities:

  • To lead the design, development and execution of the Group Internal Audit assurance strategy for accountable Key / Sub Risks within the Group Finance and Markets & Treasury functions.
  • To produce and maintain GIA's overall control environment opinion relating to accountable Key / Sub Risks for provision to GCIA and onward communication to Group Executive and Group Audit Committees.
  • To coach and develop careers and talent in others via department wide leadership and through career and performance coaching for assigned Leadership Team / Team 'Coachees' (Direct Reports).
  • To provide GIA leadership to accountable Bank of Ireland Divisions and Businesses. In doing so to enhance the profile and impact of the GIA Function in those parts of the bank through provision of high value independent insight and opinion.
  • To build and enrich relationships with accountable GEC and GEC-1 stakeholders. Providing a service akin to being the 'Chief Auditor' for those clients.
  • To proactively work with GIA Leadership Team colleagues and wider GIA Team members to continuously enhance the Function and to be an exemplar of the GIA Purpose and Vision.
  • To live the Bank of Ireland Group Values at all times.

What is the Opportunity?

This is an excitingopportunity to work in a dynamic audit function providing independent risk based assurance across a varied portfolio. Key stakeholders include the Court, the Group Audit Committee (GAC), the Court Risk Committee (CRC), key subsidiaries' audit and risk committees and senior management, as well as other key parties, including the Group's regulators and external auditors.

Essential Qualifications:

  • Chartered with relevant Internal Auditor qualification (accountancy equivalents also acceptable).

Essential Skills and Experience:

  • A successful track record as an Audit leader with significant experience operating at a senior level and delivering across an organisation. Demonstrable track record in providing effective leadership and challenge during period of major business transformation and change.
  • Experience of driving transformation and 'thinking -outside the box'.
  • Excellent experience of leading a team of highly skilled professionals creating an environment in which their teams and wider colleagues can thrive, grow and lead, as well as holding to account as required.
  • A highly networked and active leader in the wider internal & external environment (e.g. in the audit profession, financial services industry, other similar value add discipline).
  • A strong desire to work with agility at all times, focussing on continuous improvement and delivering the highest 'insight' value, being flexible with approaches and strategies as needed. Experience in working with Agile frameworks (e.g. Scrum, Kanban) is preferred.
  • Highly experienced and technically qualified / capable within the accountable Key and Sub Risk areas. Either through very senior practitioner experience or through leadership of relevant risk and assurance programmes.
  • A leader with a passion for creating an environment in which their teams and wider colleagues can thrive, grow and lead.
  • An ability to generate success, performance and team engagement in flat and matricised structures.
  • A strong motivator with demonstrable experience in setting a vision / strategy and inspiring others to progress it. An ability to develop and nurture teams with the highest level of engagement is essential.
  • Very strong influencing and negotiating skills, with the presence and knowledge to enrich relationships and have impact at the most senior levels of the organisation.
  • A highly impactful and skilled communicator in both written and verbal formats.

Desirable Qualifications, Skills and Experience:

  • Professional qualification in the accountable Key risk areas preferred.
  • Certification as an Agile Practitioner preferred.
  • Coaching qualification.

Working at Bank of Ireland doesn't have to mean working in an office to have an impact. Our commitment to enabling colleagues to thrive means that depending on role type you can have choice and flexibility in where you work and live, subject to your role, customer needs and our requirements. We have a hybrid working model, with home, agile hub and office based options available. We will always list a primary location which can be where you go for in person collaboration, and a location where you can best perform your role.

Please note you must live in the jurisdiction for the business to which you are contracted.

This job can be done anywhere in ROI with the primary office location as Dublin to which travel will be required for in person collaboration. Exact frequency to be agreed with manager.

Key Competencies

  • Accountable - Leader
  • Amplify Capability - Leader
  • Champion Transformation - Leader
  • One Group, one team - Leader
  • Agile - Leader

Where Agency assistance is required Bank of Ireland Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Bank of Ireland by Recruitment Agencies will not be accepted for this role.

Bank of Ireland Group is an equal opportunities employer and is committed to fostering an inclusive workplace which values and benefits from the diversity of our workforce.

Closing date: Aug 04, 2021

For further information, and to apply, please visit our website via the “Apply” button below.

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