About the Client
Our client is a leading provider of wealth and investment management services to private clients, professional advisers, charities, corporates and institutions. Combined, they manage almost £9 billion of client assets from 13 offices across the UK, employing a diverse range of c.500 professionals.
They are part of a global AA-rated financial services group that was established in 1918. The Group provides a range of financial products and services to over 10 million clients globally and is listed on the Johannesburg Stock Exchange. They have attained their size, strength and reputation by providing a high quality, personalised service to clients, whatever their stage of life or financial ambitions.
In order to facilitate business growth and to meet increasingly stringent regulatory requirements, the Group Internal Audit function (based in Cape Town) is looking to expand its European auditing capabilities by recruiting an Internal Audit Manager based in the Bristol office and reporting to the Bristol-based UK Head of Internal Audit.
About the Role
The business is subject to compliance with prudential and financial conduct regulations; and as a Life Insurance group the scope of the audits carried out by the Internal Audit team cover a wider range of processes (including Actuarial and Financial Reporting processes).
As a successful applicant, your role will involve the preparation and execution of the annual Internal Audit plan for the various group companies in the UK and the Republic of Ireland; with a particular focus on control adequacy and control effectiveness reviews.
The role provides a great opportunity for a Senior Internal Auditor who can work independently with a good understanding of IFRS, Solvency II and Market Conduct regulations to shape their role, initiate change and deliver best practice. The role also provides an opportunity to interact with senior stakeholders within the business.
You will be required to quickly build relationships with the business and external auditors, attend management meetings on behalf of the UK Head of Audit and assist with the preparation of Audit Committee reports.
The position does entail travelling within the UK and the Republic of Ireland. It is also envisaged that the position may involve annual travelling to South Africa to attend Internal Audit events and training at Head Offices in Cape Town. It is the expectation that on average 6 – 10 weeks in a year will be spent away from home.
Required Knowledge and Experience
Successful candidates are likely to demonstrate:
Extensive audit and risk management experience (preferably Big 4 training) with relevant Audit and Risk qualifications.
Solid understanding of the UK’s Financial Services Regulations including the roles of the PRA and FCA.
Detailed knowledge of IFRS, Solvency II and Market Conduct regulations.
ACCA, ACA or CIA qualifications (preferred but not essential).
Candidates with knowledge and experience of IT audit are highly desirable.