PKF Littlejohn LLP
Camden, London
The Technical and Compliance Department (TCD) ensures that the Firm's business is conducted in accordance with applicable laws, regulations, codes, and standards issued by the regulators and standard setters. TCD also plays a vital role in the Firm's system of quality management (SOQM) through the performance of audit quality reviews on selected audit engagements, performing monitoring activities in relation to the engagement performance and the development and delivery of audit quality related guidance and training materials. As an Audit Quality Assistant Manager / Manager, you will play a key role in supporting partners and staff to achieve audit quality in their engagement and ensure compliance with applicable auditing and accounting standards. You will apply your audit knowledge and experience in supporting the needs of the Firm with the main part of your role involving answering audit related queries, performing cold, in-flight and thematic reviews and issuing guidance and training on audit quality initiatives. You must be a strong team player and be able to work effectively within TCD and across the Firm. You must also have the ability to liaise with and win the confidence of senior partners and staff within the Firm, the Firm's network and externally including the Firm's regulatory bodies. RESPONSIBILITIES Audit Quality Reviews Performing audit quality reviews of selected audit engagements which includes, but is not limited to, in-flight reviews, thematic reviews, follow-up of regulatory findings and cold file reviews. Preparing and submitting of reports on the findings from all audit quality reviews to the relevant compliance partners, the Professional Standards Committee (PSC), the Audit Quality Oversight Team (AQOT), and, where required, the wider Firm. Identification of areas for improvement in the Firm's audit methodology and/or audit training as a result of the findings from the audit quality reviews and delivery of those actions in conjunction with other members of the Technical and Compliance Department (TCD). Participating in the relevant audit quality projects and initiatives devised by the AQOT. Undertaking a review of existing working practices, suggesting improvements and delivery of agreed monitoring and recommendations. Audit Quality Liaison & Queries Supporting in the development of audit quality sessions, guidance and materials for managers, RIs and engagement quality reviewers. Responding to queries and information requests from the audit regulators, audit engagement teams and others in relation to audit quality matters. Ensuring liaison and co-operation with divisional audit quality teams to ensure the objectives of AQOT are addressed and to identify findings and trends arising from divisional audit teams. Providing support to the Technical and Compliance Department by answering audit related queries and development of audit related, including audit methodology, materials, and training. Reviewing the audit reports of public interest entities and other entities in scope of the Firm's technical review requirements to confirm compliance with auditing standards, company legislation and applicable regulatory requirements. Reviewing the proposed modified audit reports of the Firm's audited entities prior to issuance. Sharing best practices with audit teams to improve overall audit quality initiative that reduce risk and enhance audit quality. Monitoring & Remediation Undertaking the relevant audit quality related monitoring activities relating to the quality risks and responses devised for the Firm's system of quality management and reporting the findings of those activities to the Technical and Compliance Partner (individual responsible for monitoring and remediation). Involvement in the relevant root cause analysis requirements for identified deficiencies from reviews of completed engagements and audit regulatory findings. This includes, but is not limited to, taking the notes of those meetings, communicating the outcomes from the meetings, and performing the monitoring activities to ensure the remedial actions are effectively implemented. SKILLS & EXPERIENCE Professional accountancy qualification (e.g. ICAEW, ACCA or equivalent) with at least 3 years post-qualification experience (Manager) / 1-year post-qualification experience (Assistant Manager). Good working skills, knowledge and understanding of the UK auditing requirements including legislation (e.g., Companies Act 2006), auditing standards (ISAs (UK , the FRC's Revised Ethical Standard and accounting standards (UK GAAP and IFRS). Previous experience working in audit practice and/or in a similar audit quality position. The role would also be suited to an auditor demonstrating strong technical aptitude looking to move into an audit quality role. Able to develop and deliver audit quality training initiatives and materials. Deal with complex, multi-faceted issues and reach clear evidenced based conclusions. Possess excellent communication skills (verbally and written). Proficient in Microsoft Office and other applications (Excel, Word, PowerPoint and SharePoint).
The Technical and Compliance Department (TCD) ensures that the Firm's business is conducted in accordance with applicable laws, regulations, codes, and standards issued by the regulators and standard setters. TCD also plays a vital role in the Firm's system of quality management (SOQM) through the performance of audit quality reviews on selected audit engagements, performing monitoring activities in relation to the engagement performance and the development and delivery of audit quality related guidance and training materials. As an Audit Quality Assistant Manager / Manager, you will play a key role in supporting partners and staff to achieve audit quality in their engagement and ensure compliance with applicable auditing and accounting standards. You will apply your audit knowledge and experience in supporting the needs of the Firm with the main part of your role involving answering audit related queries, performing cold, in-flight and thematic reviews and issuing guidance and training on audit quality initiatives. You must be a strong team player and be able to work effectively within TCD and across the Firm. You must also have the ability to liaise with and win the confidence of senior partners and staff within the Firm, the Firm's network and externally including the Firm's regulatory bodies. RESPONSIBILITIES Audit Quality Reviews Performing audit quality reviews of selected audit engagements which includes, but is not limited to, in-flight reviews, thematic reviews, follow-up of regulatory findings and cold file reviews. Preparing and submitting of reports on the findings from all audit quality reviews to the relevant compliance partners, the Professional Standards Committee (PSC), the Audit Quality Oversight Team (AQOT), and, where required, the wider Firm. Identification of areas for improvement in the Firm's audit methodology and/or audit training as a result of the findings from the audit quality reviews and delivery of those actions in conjunction with other members of the Technical and Compliance Department (TCD). Participating in the relevant audit quality projects and initiatives devised by the AQOT. Undertaking a review of existing working practices, suggesting improvements and delivery of agreed monitoring and recommendations. Audit Quality Liaison & Queries Supporting in the development of audit quality sessions, guidance and materials for managers, RIs and engagement quality reviewers. Responding to queries and information requests from the audit regulators, audit engagement teams and others in relation to audit quality matters. Ensuring liaison and co-operation with divisional audit quality teams to ensure the objectives of AQOT are addressed and to identify findings and trends arising from divisional audit teams. Providing support to the Technical and Compliance Department by answering audit related queries and development of audit related, including audit methodology, materials, and training. Reviewing the audit reports of public interest entities and other entities in scope of the Firm's technical review requirements to confirm compliance with auditing standards, company legislation and applicable regulatory requirements. Reviewing the proposed modified audit reports of the Firm's audited entities prior to issuance. Sharing best practices with audit teams to improve overall audit quality initiative that reduce risk and enhance audit quality. Monitoring & Remediation Undertaking the relevant audit quality related monitoring activities relating to the quality risks and responses devised for the Firm's system of quality management and reporting the findings of those activities to the Technical and Compliance Partner (individual responsible for monitoring and remediation). Involvement in the relevant root cause analysis requirements for identified deficiencies from reviews of completed engagements and audit regulatory findings. This includes, but is not limited to, taking the notes of those meetings, communicating the outcomes from the meetings, and performing the monitoring activities to ensure the remedial actions are effectively implemented. SKILLS & EXPERIENCE Professional accountancy qualification (e.g. ICAEW, ACCA or equivalent) with at least 3 years post-qualification experience (Manager) / 1-year post-qualification experience (Assistant Manager). Good working skills, knowledge and understanding of the UK auditing requirements including legislation (e.g., Companies Act 2006), auditing standards (ISAs (UK , the FRC's Revised Ethical Standard and accounting standards (UK GAAP and IFRS). Previous experience working in audit practice and/or in a similar audit quality position. The role would also be suited to an auditor demonstrating strong technical aptitude looking to move into an audit quality role. Able to develop and deliver audit quality training initiatives and materials. Deal with complex, multi-faceted issues and reach clear evidenced based conclusions. Possess excellent communication skills (verbally and written). Proficient in Microsoft Office and other applications (Excel, Word, PowerPoint and SharePoint).
MUFG Bank, Ltd
City, London
Assistant Vice President, Audit Manager - Risk, Operations and Legal page is loaded Assistant Vice President, Audit Manager - Risk, Operations and Legallocations: Londontime type: Full timeposted on: Posted Todayjob requisition id: -WDDiscover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.EMEA Internal Audit Office (EIA), as the Bank's third Line of Defense, and in accordance with the Global Institute of Internal Auditors (IIA) International Standards (IIA Standards), provides independent assurance to the Board and Executive Management on the quality and effectiveness of governance, risk management and internal controls to monitor manage and mitigate key risks to achieving the Bank's objectives.NUMBER OF DIRECT REPORTSNilMAIN PURPOSE OF THE ROLEAudit Managers are responsible for the execution and delivery of audit engagements, working within audit teams on the scoping, planning and reporting of audit engagements, issue validation andcontinuous monitoring activities. On occasions, they might act as audit leads. Delivery and execution of all engagements must adhere to audit methodology and standards, meet established deadlines andinclude formal sign-offs of key documents and processes within the audit file.KEY RESPONSIBILITIESSpecifically, key responsibilities of the Audit Manager - Risk, Operations and Legal will include: Undertaking effective ongoing monitoring of certain elements of the EMEA portfolio, highlighting key risks and issues to business and EIA management. Contribute to the maintenance of the risk universe, risk assessments and audit plans where required. Develop knowledge in key areas of the Risk, Operations and Legal portfolio. These areas will be agreed by the Head of Audit based on the team's skills assessment matrix. Build and maintain a 'trusted advisor' relationship with key stakeholders and auditees within their audit engagements or areas of continuous monitoring. Execute and deliver aspects of audit engagements with minimal supervision and to the required methodology and Quality Assurance standards. Apply audit methodology to all work performed, seeking guidance as required. Discussion and agreement of potential findings and management action plans with key business stakeholders. Proactive coordination of issue follow-up with stakeholders. Develop an appreciation of risk and control, acting as one the drivers for a successful risk and control culture. Support Head of Audit, Audit Director and Senior Audit Managers (SAM) on strategy and approach papers for entities and risks within their Head of Audit's portfolio. Undertake continuous monitoring assignments. Work collaboratively with all Internal Audit colleagues regionally and globally.Travel across EMEA may be required (up to 25% of time)WORK EXPERIENCEEssential: Experience of working in an Audit function within the Financial Services sector. Good understanding of Credit Risk, Enterprise Risk, Operational Risk and/or Operations gained in a major corporate / investment banking firm. An understanding of the regulatory environment in the EMEA region. Experience in compliance and regulations driven audit work conducted across corporate, structured and transaction banking business areas. Knowledge of how to use data analytics to drive continuous risk monitoring and perform audits.Preferred: Experience of working in a similar audit function for a major corporate/investment bank or Big-4 firm. Experience in auditing corporate banking, structured finance, transaction banking and/or global markets with a good appreciation of the risks/risk environment associated with the 2nd Line of Defence covering those business areas. Experience of banking environments and applicable regulations across EMEA (i.e. Continental Europe)would be useful.SKILLS AND EXPERIENCEFunctional / Technical Competencies:Essential: Knowledge of auditing methods and industry practices. An understanding of banking and financial services is required. Understanding of financial products, their risks and processes associated. Good knowledge of controls required to mitigate those risks. Good understanding of risk management and compliance matters.Education / Qualifications:Essential: Higher education or equivalent industry experience. Professionally qualified (ACA, ACCA, CFA, etc.).Preferred: Relevant industry qualifications e.g. CIA, ACT, CF, ICA are desirable but not essential.PERSONAL REQUIREMENTS Excellent communication skills Results driven, with a strong sense of accountability A proactive, motivated approach. The ability to operate with urgency and prioritise work accordingly Strong decision-making skills, the ability to demonstrate sound judgement A structured and logical approach to work Strong problem-solving skills A creative and innovative approach to work Excellent interpersonal skills The ability to manage large workloads and tight deadlines Excellent attention to detail and accuracy A calm approach, with the ability to perform well in a pressurised environment Strong numerical skills Excellent Microsoft Office skillsWe are open to considering flexible working requests in line with organisational requirements.MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.
Assistant Vice President, Audit Manager - Risk, Operations and Legal page is loaded Assistant Vice President, Audit Manager - Risk, Operations and Legallocations: Londontime type: Full timeposted on: Posted Todayjob requisition id: -WDDiscover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.EMEA Internal Audit Office (EIA), as the Bank's third Line of Defense, and in accordance with the Global Institute of Internal Auditors (IIA) International Standards (IIA Standards), provides independent assurance to the Board and Executive Management on the quality and effectiveness of governance, risk management and internal controls to monitor manage and mitigate key risks to achieving the Bank's objectives.NUMBER OF DIRECT REPORTSNilMAIN PURPOSE OF THE ROLEAudit Managers are responsible for the execution and delivery of audit engagements, working within audit teams on the scoping, planning and reporting of audit engagements, issue validation andcontinuous monitoring activities. On occasions, they might act as audit leads. Delivery and execution of all engagements must adhere to audit methodology and standards, meet established deadlines andinclude formal sign-offs of key documents and processes within the audit file.KEY RESPONSIBILITIESSpecifically, key responsibilities of the Audit Manager - Risk, Operations and Legal will include: Undertaking effective ongoing monitoring of certain elements of the EMEA portfolio, highlighting key risks and issues to business and EIA management. Contribute to the maintenance of the risk universe, risk assessments and audit plans where required. Develop knowledge in key areas of the Risk, Operations and Legal portfolio. These areas will be agreed by the Head of Audit based on the team's skills assessment matrix. Build and maintain a 'trusted advisor' relationship with key stakeholders and auditees within their audit engagements or areas of continuous monitoring. Execute and deliver aspects of audit engagements with minimal supervision and to the required methodology and Quality Assurance standards. Apply audit methodology to all work performed, seeking guidance as required. Discussion and agreement of potential findings and management action plans with key business stakeholders. Proactive coordination of issue follow-up with stakeholders. Develop an appreciation of risk and control, acting as one the drivers for a successful risk and control culture. Support Head of Audit, Audit Director and Senior Audit Managers (SAM) on strategy and approach papers for entities and risks within their Head of Audit's portfolio. Undertake continuous monitoring assignments. Work collaboratively with all Internal Audit colleagues regionally and globally.Travel across EMEA may be required (up to 25% of time)WORK EXPERIENCEEssential: Experience of working in an Audit function within the Financial Services sector. Good understanding of Credit Risk, Enterprise Risk, Operational Risk and/or Operations gained in a major corporate / investment banking firm. An understanding of the regulatory environment in the EMEA region. Experience in compliance and regulations driven audit work conducted across corporate, structured and transaction banking business areas. Knowledge of how to use data analytics to drive continuous risk monitoring and perform audits.Preferred: Experience of working in a similar audit function for a major corporate/investment bank or Big-4 firm. Experience in auditing corporate banking, structured finance, transaction banking and/or global markets with a good appreciation of the risks/risk environment associated with the 2nd Line of Defence covering those business areas. Experience of banking environments and applicable regulations across EMEA (i.e. Continental Europe)would be useful.SKILLS AND EXPERIENCEFunctional / Technical Competencies:Essential: Knowledge of auditing methods and industry practices. An understanding of banking and financial services is required. Understanding of financial products, their risks and processes associated. Good knowledge of controls required to mitigate those risks. Good understanding of risk management and compliance matters.Education / Qualifications:Essential: Higher education or equivalent industry experience. Professionally qualified (ACA, ACCA, CFA, etc.).Preferred: Relevant industry qualifications e.g. CIA, ACT, CF, ICA are desirable but not essential.PERSONAL REQUIREMENTS Excellent communication skills Results driven, with a strong sense of accountability A proactive, motivated approach. The ability to operate with urgency and prioritise work accordingly Strong decision-making skills, the ability to demonstrate sound judgement A structured and logical approach to work Strong problem-solving skills A creative and innovative approach to work Excellent interpersonal skills The ability to manage large workloads and tight deadlines Excellent attention to detail and accuracy A calm approach, with the ability to perform well in a pressurised environment Strong numerical skills Excellent Microsoft Office skillsWe are open to considering flexible working requests in line with organisational requirements.MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.
