Regulatory Specialist Audit Manager
- Salary£40,000 - £80,000 base
- LocationLondon,
- SectorCompliance & Regulation, Internal Audit
- ReferenceN/A
- PublishedFebruary 25th 2010
Our client a major FTSE 10 organisation requires skilled compliance specialists at a range of seniority levels to provide technical compliance advise to the Group Audit Business unit.
Specialist In: Regulation and Compliance including International Regulation (specifically financial crime, FSA requirements (non-prudential) TCF, complaint handling, SYSC and operational risk).
Role Definition
Colleagues in the Group Audit practice are responsible for using their skills, knowledge and leadership capabilities to support the business in achieving its strategy. All Group Audit staff are expected to develop their audit skills and business or specialist knowledge and utilise them for the benefit of the practice and apply them practically and commercially in their work to help achieve outcomes for the business.
New regulatory risk specialists are required to provide technical expertise across Group Audit and the business to enable Group Audit to provide an independent, professional and cost effective risk based audit service ensuring a systematic approach to the evaluation and improvement of risk management, control and governance processes. To manage and work in Audit teams to ensure sufficient audit coverage in your area of expertise given business strategies and the current external market environment.
Role responsibilities:
• Provide advice to RM's, GALT and audit teams on the appropriate audit approach for regulatory risks and issues during targeting and during audits. Participate in audits when appropriate
• Keep updated and informed of relevant changes in UK and EU Regulation; ensuring that Group Audit are kept up to date and to ensure that appropriate plans and approaches to audit coverage and design are undertaken and focused on areas of highest risk.
• Proactively challenge and advise the business on regulatory issues understanding the impact and influence accordingly. Educate in control best practice.
• Develop relationships with key internal stakeholders, and peers inside and outside the Group (including those working for competitors and government and regulatory agencies); where appropriate exchanging information and advice with them.
• Advice / train commercial colleagues to an appropriate level in regulatory matters affecting their work to enhance efficiency and regulatory compliance.
• Provide expert advice and knowledge to educate the wider audit team and leverage the team to deliver the audit plan
