Financial Services | Glasgow | Hybrid | Up to £75,000 basic plus bonus, pension, PHI, DIS etc
The Opportunity
A growing financial services business is looking to appoint an Internal Audit Manager to help establish and develop its in house Internal Audit capability.
This is NOT a role where you will inherit a large established team, mature audit plan plus years of existing methodology.
Instead, you will have the opportunity to shape how Internal Audit operates within the business from the outset!
Working closely with senior leadership, you will develop a proportionate audit approach, build out the audit universe, identify the areas of greatest risk plus translate that into a practical programme of assurance activity.
Importantly, you will also start delivering audits relatively quickly rather than spending months designing a framework in isolation.
The intention is for the capability to grow over time, giving the successful person an opportunity to play a significant role in determining what the future Internal Audit function looks like.
What You Will Be Doing
- You will take ownership of the Internal Audit activity across the business with a broad operational rather than purely financial focus.
- Your responsibilities will include:
- Developing an Internal Audit approach appropriate for a growing regulated business
- Building and maintaining the audit universe across key functions, processes plus customer journeys
- Using risk information to determine where Internal Audit should focus its attention
- Developing the annual audit programme in conjunction with senior leadership
- Leading audits from initial scoping through fieldwork, reporting plus follow up
- Assessing processes, governance plus controls across different areas of the organisation
- Identifying practical improvements rather than simply highlighting weaknesses
- Presenting clear findings to senior stakeholders
- Agreeing proportionate actions with management plus following these through to completion
- Building strong relationships across the business while maintaining appropriate independence
- Contributing insight to significant projects or areas of change where Internal Audit can add value
- Helping determine the future resourcing plus structure of the function as it develops
The formal brief places particular emphasis on establishing the methodology, creating the audit universe, delivering a risk based programme plus agreeing meaningful remedial actions with senior stakeholders.
What They Are Looking For
This would suit someone who is already operating as an Internal Audit Manager, experienced Senior Auditor or equivalent AVP within Financial Services.
You are likely to have experience leading audits yourself rather than operating purely as part of a larger delivery team.
You should be comfortable taking an audit from initial discussion through scoping, testing, stakeholder challenge, findings plus final reporting.
Just as importantly, you need enough confidence to work directly with senior management.
They are looking for someone who can challenge constructively, explain the rationale behind findings plus build credibility with the people they are auditing.
Financial Services experience is important because you will need to understand the expectations that come with working within a regulated environment. The underlying specification specifically requires senior Internal Audit experience plus Financial Services exposure.
The Background Could Include
You may currently be working within:
- Banking or consumer finance
- Insurance
- Wealth or asset management
- Payments or fintech
- A regulated lender
- A professional services Internal Audit team with substantial Financial Services exposure
A formal Internal Audit qualification would be useful, although the quality and breadth of your practical audit experience will be equally important.
Technology or change audit experience would also be valuable provided your experience is broader than purely IT Audit.
Why Consider It?
The attraction here is the level of ownership.
For someone working within a large Internal Audit function today, this offers the chance to move from delivering part of somebody else’s audit plan to having genuine influence over how the capability is built.
You will have visibility with senior leadership plus the opportunity to broaden beyond individual audit assignments into methodology, planning, governance plus eventually team development.
It could therefore be particularly attractive to an established Audit Manager or strong Senior Auditor who feels ready for more responsibility but does not necessarily want to wait several years for that opportunity within a larger organisation.
Package
Salary: Up to £75,000 depending on experience
Location: Glasgow
Working pattern: Hybrid
Following an initial period getting embedded within the business, the normal expectation is around three days per week in the Glasgow office.
*** PLEASE NOTE THAT SPONSORSHIP IS NOT AVAILABLE FOR THIS POSITION ***
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