Audit Senior Manager - Banking & Capital Markets

Job Title:
Senior Manager, External Audit – Banking
Department: Accounts & Audit
Location: London
Job Type: Full-time
Job Summary:
As a Senior Manager of External Audit in the banking industry, you will play a critical role in ensuring the accuracy and integrity of financial statements, compliance with regulatory requirements, and the overall financial health of the bank. A high level of expertise in auditing, a deep understanding of banking operations, and the ability to manage & lead audit teams effectively are vital to be succesful in this role.
Key Responsibilities:
Audit Planning and Strategy:
Develop & implement comprehensive audit plans and strategies for banking clients, considering the specific risks & regulatory requirements associated with the financial industry.
Team Leadership:
Lead and supervise audit teams, providing guidance and mentoring to junior staff. Monitor team performance and ensure efficient allocation of resources.
Risk Assessment:
Evaluate the financial, operational, & compliance risks within the banking institution, and design audit procedures to address these risks effectively.
Regulatory Compliance:
Ensure that the bank's financial statements and operations comply with relevant banking regulations, accounting standards, and international best practices.
Financial Statement Review:
Review financial statements & related disclosures to identify errors, omissions, or material misstatements. Provide recommendations for necessary corrections.
Internal Controls Assessment:
Evaluate the effectiveness of internal controls in place to mitigate risks, and make recommendations for improvements if necessary.
Data Analysis:
Utilize data analytics & audit software to analyse large datasets for anomalies, irregularities, and patterns that may indicate potential issues.
Client Communication:
Maintain a strong working relationship with the banking client and communicate audit findings, recommendations, and potential improvements to the management and board of directors.
Report Preparation:
Prepare comprehensive audit reports detailing the audit scope, findings, and recommendations. Ensure reports are accurate, clear, and concise.
Quality Assurance:
Maintain & promote high-quality audit standards and adherence to professional ethics and audit principles.
Qualifications:
Possession of a professional qualification such as ACCA, ACA, ICAS, or an equivalent accreditation.
Proficiency in conducting systems/controls testing and auditing complex financial statements.
Project management experience involving large, intricate engagements or cross-border projects.
Excellent knowledge of UK and International GAAP, IFRS, UK GAAP, and Financial Reporting requirements.
Experience in effectively managing and developing staff, as well as demonstrating business development skills.
Desirable qualifications include sector-specific experience, working with listed audited entities, and expertise in international group auditing.
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