Business area
The IAHub UK is a geographical Hub, covering all activities in the UK and Channel Islands.
The Hub has five audit teams. These teams are split by business activity covering all activities within their area of responsibility.
The Hub's remit is to provide audit services to the Businesses, Operations and Functions in the UK and Channel Islands in close liaison with Senior Management and Head Office entities. The main focus is to help the organisation accomplish its objectives by bringing a systematic approach to evaluate and improve the effectiveness of the governance, risk management, and internal control processes.
The PF, Retail & Functions team within the IA Hub is responsible for auditing the personal finance, retail banking and supporting functions in the UK business.
Job Purpose
This role will serve as a senior independent reviewer and will be accountable for providing high quality and in-depth analyses and observations to the business and supporting functions on behalf of the PF, Retail & Functions Team utilising the support of other team members where necessary. The role is to be an active participant and, where appropriate, leader of risk-based audit reviews, and will assist the PF, Retail & Functions Team to issue recommendations to remediate any identified issues and weaknesses.
Key Responsibilities
Leads or acts as a key resource in IA assignments, ad-hoc projects and investigations, accountable for the timely performance of the role's own duties whilst also validating the work of other team members involved in an assignment. At all times, the role holder will have regard for the main risks detailed in the Risk and related Control Matrix and, where acting in a management capacity, will plan and organise an assignment (including the allocation of staff) as well as ensure that all missions, associated documentation and IA standard are inputted into relevant tools as required by the relevant processes.
Completes other audit related tasks (such as the continuous/annual risk assessment or requests for audit recommendation closure, archiving, preparing restitution slides, and inputting findings, recommendations) to ensure that audits are effectively performed, maintained and coordinated within the firms Audit Methodologies and Tools, procedures, guidelines and expectations.
Assists with the performance of the continuous monitoring and annual risk assessment processes in relation to audit areas, working with senior team members (including the Deputy Head of Hub, PF, Retail & Functions) in order to ensure a consistent and compliant approach.
Keeps abreast of the best practices in the industry to drive innovation within the team, with the aim of contributing to the development of the tools and techniques used by the IA Department. Takes a proactive approach to promote the review and update of practices within the team in relation to an area of expertise by reviewing relevant market data, sector and regulatory updates.
Keeps relevant stakeholders, including the Deputy Head of Hub, PF, Retail & Functions and assignment Supervisors, suitably updated on progress of assignments and work at all times so that they have a good understanding of workstream status.
Supports junior team members on assignments with their assigned work and contacting other members of the IA team and contributes to their development, including by preparing their end of assignment appraisals (PMRs) for discussion with the Deputy Head of Hub, PF, Retail & Functions (when leading assignments).
Monitors progress in relation to post-audit recommendations related to the PF, Retail & Functions specialism to evaluate them as specified in the appropriate procedures, and facilitates their closure.
Develops and maintains strong relationships with key stakeholders in the teams being audited, and operational managers across the business to ensure that a high quality integrated IA service is provided.
Acts as a point of escalation for more junior staff to support them where problems are more complex and require sophisticated analysis or experience to ensure that they are able to perform and provide a consistent service to the business.
Will be required to provide certain managerial, coaching or appraisal functions for junior roles allocated to any assignments being led / resourced by the role in order to support the development of talent in the team.
Contributes to the maintenance and development of the data analytics tools and methodologies used by the PF, Retail & Functions team within IA