Head of Internal Audit (SMF5)
West End London
Permanent
£90,000 - £120,000 pa plus benefits
cer Financial are working alongside a bank who are based in the West End of London who are seeking a Head of Internal Audit (SMF 5) to work with them on a permanent basis. This role will offer hybrid working but with expectations you will be in the office c4 days p/week.
The Head of Internal Audit function (SMF5) is the function of having responsibility for management of the internal audit function of the Bank and for reporting directly to the Board Audit Committee on the internal audit function.
This role will suit someone who has held SMF 5 previously in a banking environment, but may consider a senior Banking Internal Audit manager looking to step up.
The Responsibilities of a Head of Internal Audit Will Include:
· To prepare a risk-based annual audit plan covering all operations in the United Kingdom incorporating audits of all branches, and head office departments including IT, Central Operations, HR, Compliance, Risk as well as business areas, Treasury, and Credit areas, and obtain approval of the plan from the Board Audit Committee.
· To conduct audits in accordance with the agreed plan and against requirements of the IIA Standards, FCA and PRA as well as other relevant regulations.
· To produce audit reports containing observations and recommendations to the Chief Executive Officer and Board Audit Committee
· To select and manage co-sourced audit partners
· To control the audit administrative functions of the Internal Audit Department to ensure that timely departmental responses are submitted.
· To assess the adequacy of implementation progress of recommendations made by the departments.
· To undertake ad hoc troubleshooting/investigation assignments providing these do not compromise the independence of the audit function.
· To promote the department’s activities throughout the Bank as well as the UK branches and determine how Internal Audit can assist in new systems and process development to ensure that appropriate internal controls are incorporated.
· To recommend/suggest methods of improving current procedures, systems and controls.
The Successful Head of Internal Audit Will Have:
· The ability to train staff and explain changes to management.
· Knowledge of statutory/legal regulations relating to retail banking to be supplemented by attendance at seminars, conferences and training courses as new developments evolve.
· Audit qualification such as ACCA, ACA, CIA
· Ideally previous experience as a SMF 5 Head of Internal Audit from a banking environment.
· Experience of managing a small team of 1-2 Internal Auditors
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