HO Internal Audit

HO Internal Audit

Head of Internal Audit role for a new Challenger Bank based in Central London. You will take full ownership of tasks in this permanent role that offers an option of working full time or part time.

This is a new hire and, as HO Internal Audit, you will take full responsibility for function. Your role will be to Assist the Board, the Board’s Audit Risk and Compliance Committee (ARCC) and Executive Committee (EXCO) in protecting the assets, reputation and sustainability of the Bank by assessing whether all risks have been identified and appropriately reported by Management and the Risk function via the relevant Bank Management Committee and EXCO to ARCC. Further duties will include:

* Assess if these risks are adequately controlled, by challenging EXCO to improve the effectiveness of governance, risk management and internal controls.
* Independently evaluate the effectiveness of internal controls and risk management processes by assessing the adequacy and effectiveness of the Risk Management, Compliance and Finance functions and examining appropriate samples of activities under review.
* Maintain an up-to-date set of internal audit policies to be formally approved by ARCC.
* Ability to forge an open, constructive and co-operative relationship with regulators which supports the sharing of information relevant to carrying out your respective responsibilities.
* Risk assess all new products, procedures and processes prior to implementation into the Bank and advise accordingly.
* Undertake such other duties as may reasonably be required.

Audit Planning/Design

* Using a risk based approach, develop a control assurance framework and annual audit plan.
* Meet managers to discuss needs and propose audits, to build stakeholder requirements into the Bank’s departmental plans.
* Ensure the audit plan is developed to meet ARCC’s expectations and is duly approved by ARCC.
* Where required, after discussion with the CRCO and CEO, recommend to ARCC hiring of third party audit specialists for specific internal audit assignments that require specific technical knowledge.
* Ensure quality control of the audit plans involving third party specialist on an ongoing basis by reviewing plans as they are developed and communicated.
* Ensure annual audit plans have contingency built in, to provide unexpected audits as they may surface. Coordinate coverage with the External Auditors and ensure that each party is aware of the others work and fully briefed on areas of concern, ensuring wherever possible that external auditors place reliance on the work of internal audit.

Reporting

* Delivery of planned and ad-hoc risk based audit work, providing management with timely reports that provide opinions on the control environment, and in particular the effectiveness of key controls that ensures our capability to comply with legal, regulatory, industry and corporate standards.
* Ensure final reports, including management responses, are issued with all recommendations agreed to be presented to ARCC for review and challenge.

You will need to be a well versed Head of Internal Audit with a strong academic and a member of the Chartered Institute of Internal Auditors (IIA), or other relevant professional membership for example: CA/ACCA/CIA

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