SMF 5, Head of Internal Audit - FTC Job in Greater London

SMF 5, Head of Internal Audit – FTC Job in Greater London. Apply for the latest Greater London jobs in Accounting/Financial/Insurance.

SMF 5, Head of Internal Audit – FTC Job in Greater London

Job Description
Our client an international bank is looking for a Head of Internal Audit to join their team on a 2 year FTC.

Responsibilities include but are not limited to:

• To conduct a professional, independent, risk-based, cost effective quality audit throughout the Bank.
• To work with management to identify and quantify risk and the controls necessary to manage such risks
• To identify control deficiencies and weaknesses and to bring them to the attention of line management and ultimately
• To develop the risk-based audit methodology and produce the Internal Audit Manual in line with that methodology and in compliance with the Institute of Internal Audit’s guidelines.
• Operate under a formal Statement of Purpose and Responsibility (Charter) based on guidance issued by the regulatory authorities and the Chartered Institute of Internal Auditors
• Promote Internal Audit best practice, being professional in all its activities by ensuring audit practice adheres to Basel standards and guidelines and meets the expectation of the PRA and FCA.
• Produce an Annual Audit Plan for review and approval by the Audit Committee and endorsement by the CEO & Managing Director/Deputy Managing Director.
• Manage the Internal Audit Department, ensuring appropriate training and career development of staff.
• Assess the effectiveness of systems of internal control and operational compliance with UK legislation and regulatory requirements and the Bank’s Policy and Procedures Manual.
• To provide challenge to the Bank’s management on the effectiveness of the Bank’s controls.
• Make recommendations to strengthen the business effectiveness and efficiency by promoting best practice to management to optimise controls following Internal Audit procedures.
• Identify control weaknesses that could make the Bank vulnerable to internal and external fraud or put the Bank’s financial assets at risk or the Bank’s staff at physical risk.
• Risk assesses all new products, procedures and processes prior to implementation into the Bank and comment accordingly.
• Stand ready to act in an advisory role to the Audit Committee and the Bank’s management.
• Liaise, as appropriate, with the External Auditors, the Reporting Accountants, the PRA, FCA and other external bodies.

Experience & Skills required:
Ideally ACCA or ACA qualified or an equivalent accounting qualification
Extensive, minimum 10 years’ experience
Sound practical understanding of how to manage an internal audit function within a smaller banking environment with limited resources.
Be able to understand the regulatory requirement to be independent and objective in this role
Needs to have strong communication and leadership skills
Needs to have the ability to influence at all levels, good judgement and decision making.
Be commercially aware and able to apply a risk-based approach

Job Type: Contract, Full Time
Location: Greater London
Category: Accounting/Financial/Insurance
City: St James's
County: Greater London
Country: United Kingdom
Salary: £110000 – £120000/annum
Benefits: