Lead Internal Auditor - London, United Kingdom - Financial Conduct Authority

Financial Conduct Authority

Verified Company

London, United Kingdom

5 days ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

What does this job involve?

Internal Audit at the FCA is unique.

The work of the division is varied; audits are conducted across the full spectrum of the FCA's regulatory remit and operational activities that enable the FCA to operate.

Lead Auditors are provided with the opportunity to get an overview of the whole organisation and an opportunity to understand all aspects of how the FCA regulates financial services in the UK.

It is an exciting time to join as the FCA is an innovative regulator undergoing a period of change, in addition to new regulatory activities and digitalisation.

Our reviews are non-financial audits assessing the risks and key controls of the design and operation of our processes, whether regulatory or operational.

The work of the Internal Audit division is demanding and rewarding.

Each group operational audit is an opportunity to learn more about the depth and breadth of the organisational remit and recommend improvements to the control environment, whilst engaging with senior and executive management.

Could I do this job?

Lead and manage small groups to conduct audits across the regulatory cycle and other supporting business activities.

Key activities include:

Conduct research to inform scoping discussions with senior management.
Identify key objectives, risks and controls to then design and develop your own audit test plan.
Perform detailed walkthroughs to be able to create process maps for endtoend activities.
Use project disciplines to provide oversight of your audit team, set key milestones, identify and manage dependencies and quickly escalate any barriers to delivery.
Identify issues, including being able to articulate strategic issues, control weaknesses and gaps based on sufficient evidence to support judgements.
Lead close out meetings with senior management, demonstrate effective listening and be courageous to agree audit findings.
Write a high quality, clear and focused report for the FCA's leadership that is risk based and adds value.
Build a portfolio of work and selfmanage multiple pieces of audit and nonaudit work at the same time.
Use intelligence obtained during audits and from network contacts to assist the division to spot common issues and risks.
Support management of the Internal Audit division to conduct confidential investigations in response to reportable concerns made under the FCA's internal whistleblowing policy.
Build and maintain strong working relationships with multiple stakeholders including with Executive Directors.
Draw on previous experience of good practice to support and challenge other colleagues.
Play an active part in improving the way the Internal Audit division works.

Minimum, Essential and Desirable skills

Minimum

Demonstrable prior experience of internal audit reviews delivered against agreed standards, timescales and budgets.
Previous internal and/or external audit experience which includes identifying and assessing key areas of risk and identifying and evaluating key controls.
Excellent written communication.

Essential

Experience of leading teams, coaching and providing feedback to junior staff and delegating effectively.
The ability to join the dots between difference sources of information to identify issues and risks.
Strong attention to detail, analytical skills and a forensic mindset to challenge assumptions the ability to quickly absorb complex information.
The ability to challenge constructively and to follow issues through while also having resilience to deal with challenges and setbacks.
The ability to influence, actively listen and work collaboratively as part of a team.
The ability to develop strong working relationships and communicate effectively with a wide variety of stakeholders at all levels of the organisation.
The ability to ask probing questions and make judgements under pressure.
Ability to identify alternative and creative ways of working which will lead to valueadding recommendations.
Educated to degree level or equivalent.

Desirable

Recognised accountancy or internal audit professional qualifications and/or memberships.
Experience of working in financial services firms.
Good business acumen and a good understanding of the FCA and ability to assess its key areas of risk and identify and evaluate controls across all the core regulatory functions such as Supervision, Policy, Authorisations, Enforcement etc.

What will I get from the role?

A varied workload that provides a unique overview and insight into how the FCA works and how it regulates financial services in the UK.
Opportunity to understand and challenge business processes and influence change at Senior Management level within the FCA.
Exposure to a wide range of staff across the FCA, including contact with FCA executive leadership.
Opportunity to build regulatory knowledge and understanding of the internal audit profession.
Opportunity to work in a small, dynamic division wi