Role Description
Oversight of the IA service with a focus on business risks from the generation of a risk based annual plan through to delivering independent internal audits across the FNZ Group and conducting continuous monitoring and advisory activities.
Specific Role Responsibilities
Ensuring that all audit work is delivered in line with IIA standards, FNZ GIA internal standards and industry best practice
Oversight of assessment whether all significant business risks are identified and appropriately reported by management and the Risk function to the Board and Executive Management
Oversight of assessment whether business risks are adequately controlled
Challenging Executive Management to improve the effectiveness of governance, risk management and internal controls;
Working with the Audit Committee and senior management to identify and mitigate or minimise strategic, operational, financial and compliance risks to FNZ
Oversight of development and implementation of a flexible, risk-based audit plan based on the FNZ’s risk universe, and other concerns identified by management and the Audit Committee;
Working with senior management to bring cost-effective and efficient leading practices to the way FNZ does business
Helping maintain the “Tone at the Top” for ethical behaviour and actions throughout the organisation
Maintaining a professional internal audit staff with sufficient knowledge, skills and experience.
Functional Area Responsibilities
Overseeing maintenance of the Audit Universe and associated business risk assessment from ongoing continuous monitoring activities;
Monitoring existing and emerging business risks across FNZ Group, including ongoing engagement with Executive level stakeholders and actively monitoring industry trends to maintain a strong understanding of the entity risk profile;
Leveraging knowledge gained in leading the development of the half yearly risk-based Internal Audit plan;
Overseeing the delivery of the approved audit plan through acting as lead reviewer on a range of audits. Specifically, oversee multiple engagements concurrently, with key focus areas across Operations, Finance and Risk and Compliance. Performing detailed review of work performed by the Lead Business Auditor throughout the end to end audit engagement. May also be expected to take an active part in executing fieldwork depending on the nature of the engagement;
Overseeing issue validation;
Overseeing timely preparation of audit reporting for executive management, Management Committees, the Audit Committee and the Board of Directors;
Building and maintaining effective working relationships with executive and management stakeholders across the organisation;
Performing ad-hoc internal audit related projects as required;
Contributing, as appropriate, in the year-end financial audit with the external auditor;
Attending and representing Internal Audit at relevant Governance committees or working groups, including Audit Committees where agenda relates to work performed;
Designing and maintaining management information for the purposes of management balanced scorecard reporting;
Monitoring internal methodology requirements and ensuring that these remain consistent with IIA Standards and industry best practice;
Line management responsibilities – managing and developing direct reports/junior staff as applicable; and
Contributing to recruitment process for Internal Audit function, including delivery of stage one interviews for new hires.
Experience Required
Primary Requirements
Significant experience of Internal Audit in financial services sector;
An experienced leader;
Highly motivated and with a proven track record of strong influencing skills and the ability to liaise and work with senior management;
Good understanding and working knowledge of current internal audit practices & techniques through significant years of progressive work experience within a financial services environment;
Proven experience of developing and delivering audit plan within the financial services sector;
Experience of coaching and developing junior staff; and
Line Management experience.
Secondary Requirements
Experience with prudential audits, including Liquidity Risk Management, ICAAP and related areas; and
Experience with asset management sector.
Skills and Knowledge
Good understanding of relevant local legislative framework for the financial services sector;
A strong, confident persuasive communicator (oral and written), capable of robust dialogue; and
CASS Knowledge preferred.
Qualifications
A university degree;
One or more relevant professional qualifications (e.g., ACCA, CIMA, CA, AMCT, IRM etc.); and
CIA, CMIIA or equivalent from IIA (desirable).
About FNZ
FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back.
We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution.
We partner with over 650 financial institutions and 12,000 wealth managers, with US$1.7 trillion in assets under administration (AUA).
Together with our customers, we help over 26 million people from all wealth segments to invest in their future.
