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Internal Audit – Senior Assistant Manager – Banking

o Financial Services

s 65,000-75,000 DOE

q Dublin City Centre

p Permanent

r 1806

The Internal Audit Department plays a key role in the risk management process of the Bank. Its mandate is to provide independent and objective assurance over the design and operation of the Bank’s controls and operational processes and to provide advisory services designed to improve the Bank’s operations.

The incumbent will be required to work as part of the Ireland Internal Audit team that covers end to end processes in the Global Banking & Markets and Treasury business lines, and assist the Senior Manager Audit, Scotiabank Ireland in assessing the effectiveness of controls in front / middle / back offices and other support functions that relate to these business lines.

The successful candidate will be required to have experience of auditing (internal or external) with a non-retail bank/ similar financial service organization, an understanding of the Irish and EU regulatory environment, operational processes and controls. The incumbent should be proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies to the performance and review of audits

Responsibilities

Engagement Planning:

Assist in the planning of audits to ensure scope and extent of work is in accordance with the approved plan, timing and budget are reasonable, procedures are efficient and appropriate resources are assigned. Develop a thorough understanding of the business, risks and processes for assigned projects. Identify emerging issues that may impact the audit plan.

 

Audit Execution:

Perform assigned activities ensuring the nature and extent of testing is appropriate to support the audit findings and conclusion. Execute the audit plan to meet the audit objectives within the budgeted time. Ensure documentation of work is of a high standard, supports audit conclusions and is in accordance with department standards. Work as part of the team and with the Senior Manager in ensuring appropriate audit coverage and minimize duplicate audit efforts within the group.

 

Problem Identification:

Identify audit findings based on work undertaken, determine root cause of the problem and associated impact, validate the accuracy of the finding with the audit client and clearly highlight the risks for presentation to management.  Escalate higher risk issues to audit management. Monitor the quaterly status of outstanding issues and follow up for timely resolution of the issues in the Tracking Database.

 

Reporting/Communication:

Summarize issues in a draft audit report for review by the Senior Manager on a timely basis. Present findings to senior Audit staff (OIC and Principal) and assist in audit closing meetings; Ensure that the electronic work paper files are updated on completion of the audit, all sections are reviewed and  findings have been uploaded to Audit Issue Tracking Database. Follow-up for corrective action/progress against reported issues in the Audit Issues Tracking Database on a quarterly basis and escalate when necessary.

 

HR Management:

Comply with department established HR Management policies and procedures. Prepare periodic and annual performance self-assessments, personal goals and objectives for measurement of performance, a career development and training plan and monitor for achievement/completion.

 

Special Projects:

As directed by management, carry out specific projects or investigations of a moderate or high complexity and/or confidential nature. Plan, document and seek agreement in advance to the project approach and confirm conclusions upon completion in writing. Assist with the peer review Quality Assurance Program including review of documentation and reports of assigned audit project and reporting of findings to Professional Practice Group.

Requirements

Educational Requirement:

Requires an undergraduate degree in Business, Accounting or equivalent at a minimum.  NFQ Level 8

Preference will be given to candidates who have relevant technical/professional qualifications and training.

 

Preference will be given to candidates who possess the following:

  • Internal or external audit experience with a non-retail Bank or Financial Institution;
  • Experience of auditing general banking control and support functions, e.g. finance, operations, risk management, compliance, HR, regulatory reporting;
  • Knowledge of the Irish and EU regulatory environment;
  • Ability to multi task and work with other audit teams;
  • Strong written and oral communication skills.

 

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