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| Employer Name | THE Business Connection | |
| Salary | ||
| Type | Full-time | |
| Location City | Nottingham | |
| Sector | Finance & Insurance | |
| Subsector | Risk Management | |
| Post Date | 24 June 2008 | |
| Description | Purpose of the role To add value to the Society and its Group by: a) Providing independent and objective assurance to Executives and managers on the effectiveness of both the risk management processes and of the management of key risks across the Group, and on compliance with key regulation; b) Active promotion of an enterprise-wide approach to management of risk and its effective use across the Group’s operations; c) Providing independent objective assurance-related advice in areas that improve the Group’s governance, risk management and risk mitigation/control processes. Key Measures • Understanding of the Group’s business and associated risks/ regulatory requirements • Delivery of effective audit assignments and service to appropriate professional standards • Effective audit coverage through management of own work and teamwork to achieve Internal Audit Plan • Effective and productive Relationship Management • Effective and productive working relationships with all areas of the business • Quality of service to internal and external customers Key Accountabilities Specific: • Identifying risks within business operations and processes, and for IT Audit Consultants, within IT systems and products • Carrying out assessments, testing and evaluating risk mitigation • Producing of focussed, timely audit information, reports and actions to meet the needs of Audit Committee, Executives and managers • Providing independent and objective specialist advice on audit related matters to improve the Group’s governance, risk management and risk mitigation/control processes • Development and maintenance of awareness of the Group’s business, associated risks and key regulation • Development and maintenance of effective and productive relationship management with specific business areas, and working relationships across the Group • Active promotion of an enterprise-wide approach to management of risk and its effective use across the Group’s operations • Contributing ideas and solutions to a forward-thinking Internal Audit team Generic: • Complying personally with FSMA/FSA requirements in respect of "Fit and Proper" requirements for individuals; Statements of Principle/Code of Practice for individuals; T&C - 5 Key Commitments; Money Laundering requirements; Complaints rules • Complying (or securing compliance) with the “Key Operational Compliance Responsibilities” relevant to their areas of responsibility as set out in Section 9 Appendix 3 of the Board Procedures Manual (and on the Society’s intranet) • Providing quality service to both internal and external customers • Contributing to the cost effectiveness of the function including seeking to identify improvements in efficiency of work processes and the use of technology • Assure individual performance through maintenance of professional and technical knowledge and qualifications People Management responsibilities None Experience, Skills & Qualifications Awareness and understanding of the Group’s business, policies and products, as well as key relevant statutory and voluntary regulation is required. A general understanding of audit and management principles and practices is also part of the role. IT Audit Consultants require technical IT knowledge and experience of relevant IT technology, products and systems. A relevant professional qualification is required (or in process of attainment), one of the following: • Member of the Institute of Internal Auditors • Chartered Accountant • Public Finance Accountant • Chartered Cost/Management Accountant • Certified Information Systems Auditor and usually a general education to degree level (or equivalent). Key Contacts Internal External • Relationships with business areas all across the Group • External Auditors • Specific Relationship Management responsibilities for specified business areas • Peers within the financial sector and specialist groups Behaviours & Competencies • To act with integrity and objectivity at all times. • To ensure the highest level of confidentiality is maintained due to the privileged position of Internal Audit. • Proven ability to quickly gain understanding of the business areas to be assessed • For IT Audit Consultants: proven ability to quickly gain technical understanding of IT technology, products and systems • Ability to identify risks and to assess the effectiveness of their management/ mitigation • Use of modern risk-based audit techniques • A methodical, analytical and questioning approach • An innovative approach to problem-solving • Ability to persuade others of the need for improvements in risk management, risk mitigation, systems and controls • Effective time-management in completion of audit assignments • Clear communication skills, both written and verbal • Displaying great teamwork, both within Internal Audit and across the organisation • Pro-active team member of Internal Audit. |
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