Head of Assurance - London, United Kingdom - PSD Group

PSD Group

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Description:

We have a current opportunity for a Head of Assurance on a permanent basis. The position will be based in London. For further information about this position please apply.

Overview:
Exciting opportunity at one of the UK's leading financial services groups and largest Investment Managers.

Join their esteemed team of risk professionals as part of the global CRO function to further develop and run their 2LoD Assurance Function.

Purpose of Role:

Develop an evolving assurance team and programme of work whilst partnering with the business to provide value added assurance reviews, and to further enhance and improve the internal control environment.

The role requires a hands-on business partner to 2LoD and Global Internal Audit to support business manage risk.

Principal Accountabilities:
Leadership and Stakeholder Management

Liaise with business areas and share knowledge to make sure the Assurance Team is up to date with strategy, business initiatives, major projects, and areas of high risk.
Maintain effective dialogue with all stakeholders, including business and team members.
Define and execute an annual assurance review road map covering core business activities.
Build an effective assurance team and provide them with required level of support to build confidence. Ensure team understand expectations and are adequately trained and developed.
Liaise with 1.5LoD, 2LoD and 3LoD, and make sure all lines are interacting with the business in a cohesive manner and that assurance coverage and reporting are consistent.
Develop close working relationships with senior influencers to resolve barriers and further enhance the internal control environment.

Globalisation

Drive the globalisation agenda, working with stakeholders across the business and embedding assurance reviews globally.

Assurance Reviews

Working collaboratively with the 2LoD Risk Advisory team and the output of Risk Certification Self Assessments (RCSA's.)
Assess areas and processes of high risk in the business to prepare an annual assurance plan.
Review Internal Audit and Compliance review plans to achieve maximum assurance coverage and reduce duplication and pressure on the business. Have plan approved by the Executive Risk Committee.
Reduce residual risk by assessing risk and control design and testing operating effectiveness.
Collaborate with the Business Process Modelling team to provide process mapping and assurance as part of joint reviews.
Work closely with the 1LoD Operational Resilience team to better plan and embed our 2LoD oversight and testing of operational resilience within BAU processes.
Manage execution of the plan to ensure all reviews are completed with the business, reports are written to a high standard, actions are appropriate, agreed and followed up.

Education and Communication

Educate business in effective risk management.
Refresh selfservice guides, ensuring that business is aware of these, and they are easily accessible.
Maintain detailed knowledge of Group policy and framework requirements.
Keep abreast of changes and developments, discuss relevant topics and articulate risk profiles in an informed manner, and act as a risk SME.

Provision of Tools and Processes

Support use of the risk system OSX for 1LoD and 2LoD Line to manage Assurance action tracking.
Ensure mechanisms are in place to monitor and track the actions timeously.

Provision of Effective MI and Reporting

Develop the quality of the reports produced, how assessments are rated and ensure that input into management dashboards and MI accurately reflects the control environments we provide assurance on.
Ability to present to the Executive Risk Committee as considered appropriate.
Input into Group internal control environment meetings and reporting.

Qualifications:

Accounting or Audit Qualification.

Knowledge and Skills:

Asset Management or Financial Services preferable.
Excellent interpersonal, written, and verbal communication skills
Ability to fully participate and successfully influence effectively at all levels in the business.
Organised and delivery focused, with high levels of resilience and determination. Ability to multi

- task, work under pressure and in a complex environment.

Experience of proactively engaging with senior management, demonstrating an inquiring mind and the courage to follow through to sound conclusion.

Experience:

Previous assurance or audit experience.
1st line risk and controls experience, transferring into a 2nd line role assurance role.
Experienced team Manager, setting with demonstrable success in driving the team to deliver desired and timely outcomes to those objectives

Role:

Head of Assurance
Role Type:
Permanent
Location: London
Job Reference: 373792
Date Posted: Posted on 24/01/2024
Expiration date: 23/02/2024