Internal Audit Manager – Investment Banking

Internal Audit Department

The Internal Audit Department of this Corporate Investment Bank provides the Board of Directors, Senior Management and Regulators with an independent assessment of the Investment Banks' control environment. Internal Audit works closely with all Lines of Business and their support functions to achieve its mission through the execution of a comprehensive audit program designed to test the effectiveness of the controls in place to mitigate the risks inherent in each business. The department is respected throughout the bank and wider banking community for the calibre of the staff and their ability to add value beyond the audit opinion. Globally, Internal Audit has hundreds of auditors.

Role Description and Key Responsibilities

The Corporate Investment Bank is looking for an experienced internal auditor within the Fixed Income and Equities audit team based in London. The individual will be responsible for executing audits across the Rates, FX, and Capital Markets businesses. The role provides the opportunity to develop a detailed understanding of these business areas, as well as working with senior stakeholders and internal audit colleagues in developing a strong control environment. The position will be to work on projects related to various other Investment Banking businesses as required.

The individual must be an experienced professional who possesses good project management skills, strong relationship management capabilities and is knowledgeable of the operational and control risks which exist in Investment Banking businesses in general.

The successful candidate will be expected to:

•Be a self motivated individual who can implement an audit program of coverage which involves effective risk assessment and design of a risk prioritised coverage approach
•Plan, execute and document audits with limited supervision and to a high standard in accordance with department and professional standards
•Perform detailed test work efficiently within defined targets as part of an audit team
•Partner with colleagues, clients and control community members to evaluate, test and report on the adequacy and effectiveness of the control environment. Analyse risks and pro actively identify the root-cause of issues with a view to providing recommendations for improvement where weaknesses are identified
•Complete work efficiently, in a risk focused manner within designated time frames, with the ability to multi-task
•Finalise audit findings and use judgement to provide an overall opinion on the control environment
•Participate actively as a member of the Global Fixed Income Equities internal audit team, disseminating best practices globally as well as regionally
•Communicate audit results and issues in a clear and concise manner, both verbally and in writing
•Implement and execute an effective program of continuous auditing for assigned areas. This includes monitoring of key metrics to identify control issues and adverse trends in the control environment and keeping abreast of key initiatives and pertinent industry and regulatory developments
•Identify and follow up on specific audit issues and ensure appropriate involvement with significant development efforts or projects
•Build and maintain key relationships with stakeholders and colleagues, establishing a culture of engagement while adding value


•Education to degree standard (or equivalent)
•Recognised Accounting qualification such as ACA / ACCA
•Experience of auditing Global / Capital Markets businesses (preferably Fixed Income or Equities products) within Investment Banking
•Good technical knowledge of Investment Banking products in general, with exposure to derivative products desirable
•Ability to learn quickly and good understanding of internal control and risk concepts
•Strong execution skills, ability to work independently with limited supervision and multi-task
•Good excel/access skills
•Strong verbal and written communication skills, with the ability to present complex and sensitive issues to management in a persuasive manner
•Enthusiastic, self motivated, effective under pressure
•Works well individually and in teams, shares information, supports colleagues and willing to take personal responsibility/accountability

About the Corporate Investment Bank

The Corporate Investment Bank is a global leader across banking, markets and investments and operates across over 100 countries across the world. You will be based in the London head office working alongside hundreds of other like-minded ambitious individuals.

This opportunity will also allow transition from internal audit into Risk Management, Compliance, AML, Management and many more departments after just two years in the role. So to find out more please apply to this advertisement and the relevant consultant will call to discuss your application and career expectations.

June 25, 2014 • Tags:  • Posted in: Financial

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