Manager Internal Audit

Job Description
Job title – Internal Audit, Manager
Location – London
Grade - Manager
About Federated Hermes;
Federated Hermes, Inc. is a global leader in active, responsible investment management, with It will be $750.6 billion in assets under management, as of Dec. 31, 2023. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide.
Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York and offices worldwide. For more information, visit FederatedHermes.com.
Main Function of Role:
To support delivery of the Federated Hermes Limited (FHL) component of the annual Federated Hermes Inc. (FHI) annual audit plan and Sarbannes Oxley (SOx) testing programme in accordance with the Internal Audit Methodology and PCAOB requirements, manage relationships with Internal Audit stakeholders and participate in a programme of continuous improvement of Internal Audit outputs and processes.
What are the tasks and responsibilities of the role?
Delivery of the Audit Plan (75% time allocation)
Perform audit test procedures, ongoing and annual risk assessment, identify and deliver commercially sound audit issues and recommendations, review and analyse audit evidence, understand and assess the design and effectiveness of business processes in accordance with Internal Audit methodology.
Raising commercially sound recommendations to Business stakeholders, acting as a point of contact between Internal Audit and Business stakeholders, providing risk and audit advice regarding the design, implementation and operation of efficient and effective procedures and controls
Carry out ad hoc analysis, investigation, process risk assessments as directed from time to time by the Audit Committees.
Delivery of SOx 404 Management testing (25% time allocation)
Perform control design and operating effectiveness testing in line with PCAOB requirements to support managements annual SOx 404 attestation. This testing will be performed under the supervision of the Head of Audit and the US Based SOx testing team.
Relationship Management
Maintain working relationships with business counterparts to satisfactorily agree and resolve audit recommendations whilst maintaining appropriate independence.
Periodically liaising with external audit contacts including external auditors and consultants.
Work within a close-knit audit team including acting as a point of support for other team members.
Develop the Internal Audit Function
Actively participate in a programme of continuous improvement in respect of all aspect of audit and SOx activities – particularly planning, fieldwork and reporting
Assist with Internal Audit activities including team training initiatives, annual planning and risk assessment, providing input to Audit Committees and other governance bodies, interviewing new staff, etc.
Act as a Business Enabler by engaging with ad hoc activities (subject to Audit Committee approval) to support Business initiatives supplementary to the audit plan, such as project pre-implementation assessments, providing assistance to Business staff ahead of external reviews, facilitating closure of open audit and non-audit issues, etc.
Identify and act on personal development needs and stay current with developments in the business and the industry.
Difficulties the job holder may find
Understanding organisational complexity and ensuring this is appropriately reflected in all Internal Audit activities, audit issues, and published reports
Managing frequent and often short notice activities in the face of ongoing time-pressures
Maintaining excellent working relationships with Businesses whilst delivering difficult or complicated audit issues and opinions
Maintaining remote relationships with individuals based in Pittsburgh
Do you have the following experience?
· Relevant degree or equivalent higher education qualification
· Recognised accountancy or closely related qualification (ACA, ACCA, IIA, etc.) with minimum three years post qualified experience
· Financial services experience, ideally in Investment Management, although relevant experience in related financial services sectors will be considered
We're looking for the best, whoever they are
We welcome applications from all eligible candidates, and we particularly encourage applications from eligible candidates from a Black, Asian and Minority
background, as these groups are underrepresented throughout the financial services sector.
If you would like to request a reasonable adjustment to the application and/or interview process (in line with the Equality Act 2010), please speak to your Recruitment Consultant or contact Federated Hermes Limited directly at #####
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