Head of Internal Audit

Barbara Houghton Associates Ltd
85000.00 - 90000.00 GBP Annual
14 Sep 2017
22 Sep 2017
Contract Type
On behalf of our client an International Bank based in Central London, we are looking to recruit for a Head of Internal Audit on permanent basis .This role reports directly to the Chairman of the Audit and Risk Committee on all matters concerning internal audits, the Audit and Risk Committee and work programme and to the CEO & Managing Director/Deputy Managing Director on administrative matters and non-internal audit management functions.

The successful candidate must be ACCA qualified with substantial years of experience.

Responsibilities include but are not limited to:

* To implement the Annual Audit Plan.
* Promote Internal Audit best practice, being professional in all its activities.
* Assess the effectiveness of systems of internal control and operational compliance with UK legislation and regulatory requirements
* Assess and review account opening and remittance procedures to ensure to avoid becoming party to any money laundering transactions.
* Check the adequacy of the accounting systems for recording and protecting the Bank's assets and liabilities and contingent commitments.
* Assess the quality of credit and identify weaknesses in credit appraisal, control and reporting.
* Identify control weaknesses that could make the Bank vulnerable to internal and external fraud
* Risk assess all new products, procedures and processes prior to implementation into the Bank and comment accordingly.
* Liaise, as appropriate, with the External Auditors, the Reporting Accountants, the PRA, FCA and other external bodies.
* Act as Secretary for Audit Committee meetings.

Skills and knowledge:
-The successful candidate must be ACCA/ACA qualified with substantial years of experience.
-Strong communication, coordination and leadership skills , ability to discuss and reach agreement with personnel at all levels and with diverse backgrounds.