Audit Manager

Sainsbury's
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Job Description

Audit Manager – Internal Audit
Sainsburys Bank, Lochside
 

Reporting to

Senior Audit Manager

 
In a nutshell

The Internal Audit (IA) function adds value to SBAFS by providing assurance on the SBAFS risk management and control processes as they relate to customer, financial or reputational risk.

 

The Audit Manager is responsible for supporting the Senior Audit Manager (SAM) in delivering an independent and objective risk-based IA service designed to systematically evaluate and improve the Sainsbury’s Bank risk management, control and governance processes. The AM will support their SAM and Audit Director (AD) through leading and delivering their allocated audit assignments through the planning, fieldwork, reporting and follow-up stages with minimal supervision. The AM will deliver their audit assignments and reporting through appropriate planning and management of their own work.

 
What you need to do
  • To contribute appropriately to the provision of an independent assessment of the SBAFS governance, risk management and control processes.
  • To contribute appropriately to the achievement of the IA department services consistent with current professional standards
  • To undertake multiple assignment delivery as required and lead assigned audits to time, plan and quality using the SB audit methodology and quality standards, regularly reporting progress to the SAM/AD.
  • Demonstrate capability to manage complexity.
  • To line manage Audit Managers and Senior Auditors as required by SAM, including coaching, development and performance management.
 Delivering the audits
  • Identify and assess potential risks to the SBAFS business and appropriate audit responses, working in line with current regulatory and statutory requirements.
  • Take accountability for the end-to-end audit process and deliverables for allocated audits, undertaking their assigned audits on time and to quality standards, using the SB IA methodology meeting the following requirements during the planning, fieldwork and reporting stages:
 Planning
  • Liaise with the SB business to confirm that planned timescales for the assignment are viable.
  • Discuss the business context and audit scope with the SAM/AD, including any issues or concerns and resourcing challenges.
  • Set up and carry out any required site visits, conducting 'walk through' interviews with key staff to identify processes, risks and controls.
  • Consider technology risks within the scope of business led audits.
  • Capture all relevant data within process maps and meeting notes.
  • Create and issue an Audit Planning Document, assessing the adequacy of controls, identifying tests to be completed and the associated testing rationale.
  • Design the test strategy to be used during fieldwork.
 Fieldwork
  • Conduct site visits to test the effectiveness of controls.
  • Identify, analyse and classify issues arising from the audit fieldwork, involving the SAM/AD as required, suggesting effective and efficient control improvements.
  • Work closely with business audit colleagues on integrated audits to understand and test IT controls underlying business processes.
 Reporting
  • Finalise meeting notes and reports on control tests and enter the data into the SB audit software, in line with the SB IA methodology.
  • Structure findings and shape messages to draft persuasive audit reports for review with the SAM/AD.
  • Escalate contentious issues or findings to the SAM and AD as required.
  • Liaise with key business stakeholders to introduce and discuss the draft and final reports.
  • Meet key auditees with the SAM/AD to present the audit findings to support coherent and consistent agendas.
  • Conduct and on-going follow up of issues to ensure that they are monitored until closure.
  • Provide support to the Monthly Control Report and Audit Committee reporting as directed by the SAM/AD.
 What you need to know and show
  • 1-2 years’ experience in risk based auditing or risk and control activities, ideally in financial services.
  • Experience of working in a largely outsourced environment would be beneficial but not compulsory.
  • Experience in engaging with business management.
  • Experience of working in an integrated audit function, working closely with other audit team colleagues.
  • Good communication skills, both verbal and written, and relationship building skills.
  • Good planning and organisational skills, with an ability to maintain SME skillset in a changing and complex landscape.
  • Strong analytical, evaluation and problem solving skills.
  • Ability to operate with little supervision using initiative to work efficiently and effectively.
 Qualifications
  • IIA CIA, ACCA or equivalent qualification are required and IIA CMIIA, CISA, CISSP or equivalent are desirable.
Colleague Conduct Rules

The individual performing this role is expected to adhere to the conduct rules as specified by our regulators (PRA and FCA).

 
Individual Conduct Rules (apply to all colleagues)
Rule 1: You must act with integrity
Rule 2:  You must act with due skill, care and diligence

Rule 3: You must be open and cooperative with the FCA, the PRA and other regulators

Rule 4: You must pay due regard to the interests of customers and treat them fairly

Rule 5: You must observe proper standards of market conduct

 
Support we will provide
  • Comprehensive Induction Programme
  • On-going training and support through access to professional bodies and on-line personal development tools
  • One to one coaching from Audit Manager Team Lead/Head of Audit
  • IIA Subscription through Corporate Membership
 


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