Head of Assignment, Private Banking Audit

 London, United Kingdom       Permanent contract        Audit

Responsibilities

Job reference: 20000CG9

Job title: Head of Assignment, Private Banking Audit            

Location: London               

Salary: Competitive

Posting date: 16th September 2020     

Closing date: 16th October 2020

DESCRIPTION OF THE BUSINESS LINE OR DEPARTMENT

The Inspection and Audit Division (IGAD) is responsible for Internal Audit activity for the Société Générale Group.  IGAD carries out independent reviews of operational entities, aiming at ensuring in an objective, thorough and impartial manner the compliance of the Group’s operations, the level of risk actually incurred, the enforcement of procedures and the effectiveness and relevance of the corresponding permanent control set up.

IGAD issues recommendations in order to better manage risks and increase the efficiency of the Group’s activity. The Audit teams cover all the risks in the jurisdictions they are in charge of. General Inspection, besides audit work, develops strategic views and may conduct consulting assignments for all sectors and activities of the Group. In order to achieve their objectives, Inspection and Audit work together to perform an annual risk assessment to develop an intervention plan. On completion of their assignments, recommendations are published and followed up to ensure appropriate corrective actions have been implemented by the auditees. 

Audit teams carry out audit assignments aimed at ensuring the effectiveness of the internal control system, specifically:

-          monitoring the application of internal or external procedures and regulations;

-          assessing the security of the processing;

-          assessing the quality of accounting and financial data; and the alignment of IT systems with the needs of the entity.

SUMMARY

·           Under the direction of an Audit Supervisor, complete the planning, execution and reporting of assigned audits as part of the Private Banking team (“PRIV” team);

·           Perform projects and special assignments as required;

·           Ensure timely and complete follow-up (review, validation, and documentation) of outstanding audit recommendations;

·           Coach and supervise less experienced audit staff;

·           Adhere to Quality standards and encourage quality and innovation in all aspects of work;

·           Work closely and maintain a good level of positive interaction/ co-operation with auditees as well as with direct team members and Auditors in other locations.

·           Actively participate and/or perform the yearly risk assessment as supervised by Audit Directors and Regional Supervisors and contribute to continuous monitoring activities, as required.

RESPONSIBILITIES

1.     Performing audit missions:

As Head of Mission, you will ensure that:

  • Audit missions are planned effectively so that they are delivered in line with quality standards and within assigned budgets and deadlines;
  • Audit work is properly assigned to team members and monitored, ensuring that less experienced team members execute their work in accordance with departmental standards;
  • Mission execution management requirements are fully adhered to i.e., the Tollgate process.
  • Perform efficient and effective diagnostic work, including synthesizing risk and control analysis and developing work programs for the testing phase of the mission;
  • Data analytics is used to support audit activity and encourage staff to innovate and leverage analytical tools;
  • Work papers are accurate, complete and reviewed timely before publication of the final report; 
  • Auditees and Audit Management are debriefed on issues arising from the audit work and work with the auditee to agree the audit findings and action plans;
  • Audit reports reflect all reportable findings and are clear, concise and accurate.
  • Staff objectives are set for each mission (in line with individual development objectives) and on completion of the mission, ensuring that honest, constructive and timely feedback is provided;
  • Any staff performance issues are escalated timely to the PRIV Supervisor or Audit Management.

As mission team member when required:

  • Execute audit work on business audits in the locations covered by the UK regional team;
  • Participate in Audit Diagnostic work under the supervision of a Head of Mission;
  • Perform Audit testing in accordance with test plans assigned by the Heads of Mission;
  • Document audit issues and all work papers in standard departmental formats and perform  operational debriefs to auditees in conjunction with the Head of Assignment;
  • Follow up outstanding audit recommendations until implementation.

2.     Occasionally, perform other  Projects and perform Special Assignments

·     For example, on Assignments requested by Audit Management, with other SG Audit departments or with Inspection Générale.

·         From time to time Audit management may assign specific tasks related to the organization and running of the department, e.g. some projects related to various aspects of departmental efficiency and effectiveness.

3.     Proactive follow-up of outstanding audit recommendations until implementation:

·     Timely and rigorous (i.e. reviewed, validated and well-documented) follow-up of allocated audit recommendations until completion.

·     Anticipation and identification of delays and issues in relation to deliverables.

·     Appropriate escalation and active assistance in the resolution of issues raised during the recommendation implementation process.

·     Reporting on recommendation follow up status to Audit Management on a regular basis.

4.     Coaching of less experienced audit staff:

·       Provide assistance, advice and practical training to less experienced colleagues on both the audit process/ methodology and SG businesses and products.

5.     Risk Assessment – Actively participate in the yearly risk assessment and contribute to Continuous Monitoring activity as required. 

6.     Quality and Innovation

·         Fulfil all departmental quality standards and proactively respond to improvement areas identified from QAIP reviews;

·         When assigned responsibility for other audit staff, ensure that departmental quality standards are adhered to;

·         Identify improvement opportunities and ways to innovate in all aspects of work.  Encourage assigned staff to do the same;

·         Proactively support IGAD transformation initiatives.

7.     Conduct and Ethical Standards:

·           Responsibility for ensuring that you are fully aware of and adhere to internal policies that relate to you, your business or other businesses for which you have any level of responsibility.  It is your responsibility to ensure compliance with operational risk or compliance requirements (e.g. security policies and regulatory requirements). 

·           Responsibility for reading, understanding and complying with the Société Generales Code of Conduct and corresponding regulations. Proactively look for changes to policies in a timely manner through announcements and/or intranet updates.

·           Act with integrity and due skill, care and diligence in carrying out your duties. Your actions should always be able to satisfy high standards of scrutiny and professional practice standards defined by the IIA.

·           You are expected to comply with the requirements of the IGAD Handbook, IGAD UK Local policies and procedures and International Institute of Internal Auditors (IIA) Standards.

·           All audit staff are required to sign the IIA Declaration of Professional standards and Code of Ethics on an annual basis.  You sign to agree conformance to the following rules of conduct:

Integrity:

  • Shall perform your work with honesty, diligence, and responsibility.
  • Shall observe the law and make disclosures expected by the law and the profession.
  • Shall not knowingly be a party to any illegal activity, or engage in acts that are discreditable to the profession of internal auditing or to the organization.
  • Shall respect and contribute to the legitimate and ethical objectives of the organization.

Objectivity:

  • Shall not participate in any activity or relationship that may impair or be presumed to impair their unbiased assessment. This participation includes those activities or relationships that may be in conflict with the interests of the organization.
  • Shall not accept anything that may impair or be presumed to impair your professional judgment.
  • Shall disclose all material facts known to you that, if not disclosed, may distort the reporting of activities under review.

Confidentiality:

  • Shall be prudent in the use and protection of information acquired in the course of your duties.
  • Shall not use information for any personal gain or in any manner that would be contrary to the law or detrimental to the legitimate and ethical objectives of the organization.

LEVEL OF AUTONOMY AND AUTHORITY

·         Able to make decisions on individual assignments. However, assignments are subject to review at all stages by Supervisor/Head of Department.

·         No delegation to express internal audit 'opinion' without prior clearance by Audit management.

Profile Required

COMPETENCIES AND WORK EXPERIENCE

Technical

·           Able to perform audit work with sufficient autonomy, organisation and responsiveness to conduct assignments efficiently and effectively.

·           Strong understanding of the audit process and methodology - rigorous and reliable in the audit approach.

·           Good understanding of banking and financial products (significant Capital Markets experience), Financing Business as well as Resources Functions.

·           Strong analytic and synthesis skills, including experience with Data Analytics tools.

·           Good project management skills and efficient management of time.

·           Able to manage priorities, deadlines and budget constraints.

·           Coaching skills – Able to manage and coordinate efficiently a team of auditors with different levels of experience and differing backgrounds. Able to articulate clearly the audit's objectives, deadlines and priorities. Coordinates tasks and supports members of the team.

·           Good knowledge of standard IT tools such as MS Office suite.

·           Compliant with confidentiality requirements.

·           Thorough accounting knowledge.

·           Good written English and communication / presentation skills.

Group competencies

Competency

Description

Required ?

1

Management Skills

Y

2

Operational Skills

Y

3

Regulatory Skills

Y

4

Communication Skills

Y

5

Flexibility - Adaptability

Y

6

Ability to make decisions

Y

7

Ability to work under pressure

Y

8

Analytical skills

Y

9

Initiative

Y

10

Leadership Qualities

Y

11

Teamwork

Y

 

 

 



Education:

Preferably

·         A good degree, ideally in a financial discipline, from a top business school combined with relevant, hands-on work experience.

·         Qualified Accountant (ACA, ACCA or CPA) qualification.

Languages:

·         Fluent written and spoken English

·         French an advantage, although not a necessity


Why Join Us

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.


Business Insight

Job reference: 20000CG9

Job title: Head of Assignment, Private Banking Audit            

Location: London               

Salary: Competitive

Posting date: 16th September 2020     

Closing date: 16th October 2020

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Société Générale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 20000CG9
Business unit: SG CIB
Starting date: Immediate
Date of publication: 18/09/2020
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Head of Assignment, Private Banking Audit

Permanent contract   |   London   |   Audit