Connecting to LinkedIn...

Senior Internal Audit Manager (Distribution & Corporate Audits)

Information About This Job

Job Title: Senior Internal Audit Manager (Distribution & Corporate Audits)
Contract Type: Permanent
Location: London
Contact Name: Ben Cheema
Contact Email:
Job Published: over 1 year ago

Job Description

Our client, a leading global asset management firm is seeking to appoint a Senior Internal Audit Manager to join their London office.


About The Company

The company is leading asset manager with US$345bn1 of assets under management. The firm dedicated to delivering the best outcomes for clients through a highly diversified range of actively- managed products.

The firm supports individual and institutional investors across a range of products, encompassing equities, fixed income, multi-asset and alternatives.


About The Role

Global Internal Audit, based in Denver and London, is responsible for the internal audit of the company worldwide. The department has a permanent in-house headcount of ten with five based in London and five based in Denver. The Global Head of Internal Audit reports functionally to the Chairman of the Corporate Audit Committee and administratively to the Group General Counsel & Company Secretary.

Global Internal Audit’s primary objective is to provide an independent assurance service to various Boards of Directors/Trustees, Audit Committee, and Management on the adequacy and effectiveness of the governance, risk management, and internal control processes, including:


  • The framework for, and effectiveness of, risk management.

  • Whether significant risks are appropriately being identified, reported, managed and controlled to an acceptable level as determined by the Board.

  • Whether financial and operational controls are appropriate and are consistently applied.

  • The effectiveness of internal controls for the safeguarding of assets and for protecting shareholder value.

  • The reliability and integrity of significant financial, managerial and operating information.

  • The establishment and review of risk appetite by the Executive Management and the Boards and embedding it within the organisation.

  • The risk and control culture of the organisation.

  • The adequacy of processes to ensure compliance with applicable laws and regulations and standards, policies, procedures and contracts, including the risk of poor customer outcomes.


Key Responsibilities

  • Plan and execute internal audits to evaluate the effectiveness of the controls in operation in the business to make recommendations for their improvement. This includes providing an opinion on the quality of the risk management processes.

  • Direct supervision of specific members of the internal audit team, including full responsibility for performing performance reviews and input into staff compensation and career development assessment.

  • Develop, train, and coach other members of the Global Internal Audit team in the skills required to perform successful audit assignments.

  • Assist in the preparation of Audit Committee papers as well as other reports required by specific fund Boards.

  • Full responsibility for risk assessment and relationship management for specific business areas such as Distribution, Products, and Marketing.

  • Perform peer reviews and quality review assessments of audit engagements performed by other auditors.

  • Evaluate the implementation of agreed corrective actions.

  • Contribute to an increased awareness in the business of the management of risk and the importance of sound business controls.

  • Contribute to the development of the internal audit methodology and working practices operated by the department.

  • Contribute to the creation and maintenance of the audit universe.

  • Continuously develop own technical, commercial and personal skills.

  • Promote a positive image of Internal Audit within the business through the quality and added-value of our work.

  • Audit Planning: This involves identifying the scope of the work for an audit, the objectives to be met, the timescales for completing the audit and the extent of audit testing that will be required. This stage of the audit will result in the production of an agreed Internal Audit Engagement Memo.

  • Audit Fieldwork: This involves the documentation of systems and processes leading to the identification of key controls; undertaking and evaluating the results of audit testing; identifying weaknesses in controls and offering recommendations to management for their improvement.

  • Closing Meeting: On completion of the fieldwork, closing meeting(s) will be held with auditee Management to discuss the results of the audit and obtain agreement with them to the actions proposed.

  • Audit Reporting: Following the closing meeting, a draft audit report containing findings, conclusions and proposed remediation/corrective actions will be submitted to auditee Management to enable them to confirm their action plans, with timescales for completion, and who will be responsible for completing the actions. Following Internal Audit’s assessment of whether the proposed Management remediation/corrective action plans adequately address the related risks, a final audit report will be issued which incorporates the agreed Management action plans.

  • Monitoring of Outcomes: Contribute to the monitoring of the agreed remediation action plans to ensure that management is on track for successful and timely completion.


Supervisory Responsibilities

  • You will be responsible for the direct supervision of staff you directly manage and the staff working on an audit engagement for which you are responsible. This will involve allocating work, review of work and coaching on the appropriate audit fieldwork audit steps required throughout the engagement.

  • You will also be responsible for providing feedback to the Global Head of Internal Audit on the performance of the staff you directly supervise.


Skills, Experience & Qualifications

  • Bachelor’s degree required or minimum educated to degree level or equivalent

  • Relevant professional qualification e.g. Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Chartered Accountant (CA), Charted Financial Analyst (CFA), etc.

  • Previous experience in a similar audit role within the Financial Services Industry, preferably within Investment Management

  • Significant previous work experience

  • Experience in auditing Distribution and Corporate topics

  • Experience in using Computer Assisted Audit techniques will be a distinct advantage

  • Experience in a public accounting setting is desirable, but not required


Key Competencies

  • Ability to manage and execute multiple audit engagements simultaneously

  • Excellent analytical and problem solving skills

  • Excellent organisational skills

  • Excellent presentation skills

  • Excellent relationship and negotiation skills

  • Ability to communicate clearly and concisely, particularly at senior and executive management levels, and with both internal and external parties

  • Very good report writing skills

  • Excellent communication skills, both written and spoken

  • Ability to work effectively in a team as well as independently

  • Ability to manage and supervise more junior staff

  • Commercial awareness

  • Attention to detail

  • Ability to work to tight deadlines

  • Delivery focus

  • Flexible, adaptable, and ability to respond effectively to changing business needs


Ongoing competence in the role to be assessed by:

  • Annual Performance Appraisal

  • Completion of all assigned Compliance training

  • Completion of Continuous Professional development courses


Compliance Requirements

  • At a minimum the role requires the individual to:

  • Place the interest of Clients first and always act in accordance with TCF (Treating Customers Fairly) principles

  • Understand and comply with any federal, state, and foreign laws and regulations applicable for the role, and seeking the guidance of Compliance if this is unclear at any time

  • Understand and comply with all relevant policies applicable for the role, and seeking the guidance of the relevant policy owner if this is unclear at any time.

Share This Job

Similar Jobs

San Francisco
Published: about 2 months ago
Published: 5 months ago
San Francisco
Published: about 2 months ago
New York City
Published: about 2 months ago
Published: about 2 months ago