The Requirements
We're hiring an experienced Audit Manager to cover Corporate Services, based within Internal Audit. You'll need to have proven knowledge and experience in assessing risk in areas such Security & Resilience, Supply Chain Services, Property, and Design.
RBS is going through an important period of transformation. Right at its heart, you’ll find Internal Audit. With the mission of providing independent assurance to the Board and Executive Management, we carefully mitigate risk to ensure that the Bank remains stable and successful.
Joining our experienced team, you will apply your analytical mind to the full, enjoying extensive variety as you steer and influence the business at a critical time. We need people who can take a hands-on approach and pay close attention to detail whilst seeing the broader picture, and in return you can expect an open and collaborative environment.
Internal Audit is located across the globe with over 600 employees providing executive management with opinions on how their businesses are managing risks. These activities include the management and divestment of non-core assets, and global management of operational, regulatory, credit and market risks. Internal Audits responsibility is to help the Bank return to standalone strength and respond quickly and effectively to challenges.
Purpose of the role:
Provide functional expertise within Internal Audit and to our key stakeholders
Lead or contribute to audits of varying size and complexity across the Bank
Plan and manage audit assignments, with leadership responsibility for colleagues on specific assignments
Build and develop key relationships at senior levels in the organisation
Contribute to development of the audit plan through ongoing business risk assessment
Writing high quality audit reports and assist in identifying solutions for identified control issues
Deliver audit assignments that comply with Internal Audit quality standards and procedures
Provide robust and challenging insights on business risk and control procedures
Key Deliverables:
Plan – Play a key role in delivering a flexible and risk based audit plan that provides independent assurance and opinions with impact
To develop and maintain a deep understanding of the Corporate Services functions to assist the IA Corporate Services Division team in creating and keeping up to date an effective long term audit strategy and audit plan that focuses on the highest risks to delivery of the business strategy and meets all regulatory and legal requirements.
To lead Corporate Services audit assignments and deliver robust conclusions on the adequacy and effectiveness of key controls designed to mitigate key risk identified through audit planning.
To work with all relevant teams within IA, such as Markets, Personal Banking, Business Banking and Technology, to ensure our Corporate Services assurance provision is comprehensively defined and effective in its delivery.
To produce effective entity reports and opinions which ‘do the right thing’ in communicating difficult messages and successfully influence executive management to manage risk prudently within their risk appetite.
People – Play a key role in developing a high performance culture.
Part of a high performing and highly motivated Corporate Services team to provide reasonable and robust assurance and which embodies RBS values of:
Serving customers: We exist to serve customers. We earn their trust by focusing on their needs and delivering excellent service.
Working together: We care for each other and work best as one team. We bring the best of ourselves to work and support one another to realise our potential.
Doing the right thing: We do the right thing. We take risk seriously and manage it prudently. We prize fairness and diversity and exercise judgement with thought and integrity.
Thinking long term: We know we succeed only when our customers and communities succeed. We do business in an open, direct and sustainable way.
To champion a “one IA” team approach.
To manage individuals within allocated audit assignments, provide robust feedback and ensure that performance management activities across the team are promoted and undertaken effectively and on a timely basis.
To take ownership of own development and identify appropriate training programmes to address any weaknesses in own skill set.
To live the values of RBS, demonstrate the right behaviours and drive team engagement through all your interactions.
Practices – All completed work adheres to audit methodology and provides quality audit execution
To ensure the team within allocated audit assignments complies with the Global Methodology and leverages the tools available.
To implement actions arising from QA reviews or other internal or external observations on the quality of audit work.
To positively contribute to IA’s strategic vision, supporting relevant IA-wide or cluster led projects on the 5 pillars supporting its vision. (Planning, Position, Price, Practice and People)
To assist the Audit Director to deliver key Corporate Services initiatives, as directed.
To work closely with IA colleagues to ensure the appropriate coverage is given to Corporate Services in the most effective and efficient way.
Positioning – Act as an influential control partner with business stakeholders
To act and be seen as a key IA representative for stakeholders within Corporate Services.
To produce effective reports which influence executive management to manage risk prudently, within the Bank / Board risk appetite and inform the Audit Committee in the execution of their function.
To help manage IA issue closure with senior stakeholders to ensure issues are resolved in a reasonable timeframe.
To establish and maintain effective ongoing dialogue with internal stakeholders, keeping abreast of strategic direction and the changing risk environment, and of 1st and 2nd line risk and compliance concerns and activities.
To demonstrate personally credible, detailed technical expertise and to use the results of audit work and continuous monitoring to provide robust and insightful challenge to the business.
To understand the complexity of the Corporate Services environment and to see technical connections from a control perspective.
Price/Productivity – Think commercially and run audit as a business to maximise efficiencies and effectiveness
Assist the Audit Director in leading and managing the Corporate Services team efficiently, ensuring the team delivers the audit plan to budget and on time.
To ensure high productivity levels are maintained in the delivery of audit assurance.
Technical Competence required:
Specific and detailed understanding of Corporate Services within a complex, global and diverse financial services organisation.
Detailed audit, risk and control knowledge gained through extensive previous audit experience or in a compliance role.
Clear understanding of the existing regulatory environment and forthcoming regulatory developments and the likely impact of regulations and regulatory change on the bank and on audit.
Experience:
Strong Internal Audit or industry experience of Business Continuity, Resilience & Security operational processes, procedures, controls and regulations is a requirement;
Internal Audit or industry experience is desirable in areas such as:
Procurement, Outsourcing and Supplier Management;
Property Management;
Business Design and Architecture; and
Data Governance.
Strong analytical skills;
Experience in managing a team;
Proven ability to work under pressure;
Excellent written and verbal communication skills with experience of stakeholder management;
Relevant qualification in in audit, risk, accountancy or finance/banking; and
Flexibility to travel to complete audit assignments, where required.
Qualifications:
Relevant qualification in audit, risk, accountancy or finance, or extensive Corporate Services management business experience.
The key “qualification” here is the ability to bring detailed, comprehensive technical Risk knowledge and to deploy it effectively.