Head of Professional Practices and Quality Assurance - Internal Audit - VP - Global Corporate & Inve

The suitable candidate must possess the following:

1. A detailed knowledge of Audit department policies and procedures.
2. Knowledge of the Global Standards and Ethics of the Institute of Internal Auditors.
3. The ability to provide colleagues with feedback in an acceptable manner.
4. Attention to detail. The confirmation of factual accuracy when performing the QA review and preparing Management Information is essential.
5. Educated to degree standard and the holder of a professional qualification. This is most likely to be ACA, ACCA, CIA or equivalent.
6. Previous internal audit / credit review experience is required to demonstrate a track record in effective QA audit delivery.

Information about the function and role:

The Audit Department assesses key controls design and operation and provides an opinion on the Internal Control Environment and Management Control Approach and Actions. The department is responsible for the delivery of around 80 internal audit reports per year across the EMEA region and other ad-hoc assignments. The Code for the Internal Audit of Financial Services Firms requires that Audit Departments have an internal QA function. The QA role is to be independent from day-to-day internal audit activity and is to provide AD Management with independent assurance that work performed by the Auditor-in-Charge (AIC) and team members complies with the Policies and Procedures as documented within the Audit Department Manual.

Responsibilites include (but are not limited to):

The Head of Professional Practices & QA is primarily accountable and responsible for the maintenance of an appropriate audit methodology that aligns to current regulatory and IIA expectations and standards as well as the timely delivery of QA reviews. This includes:

• Annual review of Audit Charters, Mandates and Manuals.
• Determination of themes to be reviewed as part of the QA process each quarter.
• Undertaking the QA review by reference to the policies and procedures as documented within the Audit Manual.
• Agreeing any QA findings with the relevant AIC/Audit Partner.
• Providing a quarterly report summarising the results of the QA process.
• Undertaking training to ADIA staff regarding areas where improvement or gaps have been identified as part of the QA process, or where updates to methodology have been made. Be an advisory point for the team where there is uncertaining on the approach for inflight assignments.
• Assisting the Professional Practice Group in Head Office during Group's reviews, and assisting a globally coordinated team with the development of a methodology to be applied for audits undertaken globally.
• Enhancing and developing the QA process within the EMEA so that it continuously improves.