Regional Audit Supervisor

Permanent contract|London|Audit / Control / Quality

Regional Audit Supervisor

London, United Kingdom Permanent contract Audit / Control / Quality

Responsibilities

Description of the Business Line or Department

Inspection and Group Audit Division (IGAD) is the group audit division of the Société Générale Group and as such conducts independent and objective audits reviews of all its activities, aiming at providing the Group with assurance as to how effectively it is controlling its operations, advises on improvements and contributes to the creation of added value. It also assesses the quality of risk management within an audited scope, the appropriateness and effectiveness of the permanent control framework, the risk sensitivity of management and compliance with codes of conduct and expected professional practices. This is in accordance with the Société Générale Code, which includes the mandate and role of the Third Line of Defence.

IGAD issues recommendations to remedy any shortfalls they identify and, more generally, to improve the Group’s operational management and risk control. The Audit teams cover all the risks of the jurisdictions they oversee. General Inspection, besides audit work, has a general mandate to carry out any kind of analysis or study and to take part in assessing strategic projects or intervening in specific issues at the request of the General Management. Internal Audit and Inspection define their audits and inspections using a risk-based approach and define an annual work programme, comprising the inspection route map and audit plan. After inspections and audits, IGAD teams follow up implementation of their recommendations.

The London Audit team carries out audit assignments aimed at ensuring the effectiveness of the internal control system, across the SG entities in the UK, Ireland, Channel Islands, Gibraltar and the Middle-East region.

Summary of the key purposes of the role

  • Managing the Audit activity:
    • Operational supervision of local and regional audit assignments under the control of the IGAD LDN Audit Management.
    • Complete planning, execution and reporting of audits both within the UK Region and other locations as directed by the IGAD LDN Audit Management. Ensure staff are allocated to ensure the execution and delivery of the audit plan is done timely.
    • Overall responsibility for ensuring that recommendations are proactively followed up and appropriately managed for assigned business areas.
    • Effective reporting of the audit activity in assigned business/support area to Audit Management.
  • Continuous Audit Monitoring
    • Responsible and accountable for the complete and timely delivery of Continuous Monitoring and risk assessment activities for business/support areas assigned to them by IGAD LDN Audit Management.
  • Day-to-day stakeholder management (except very senior stakeholders).
  • Under the delegated authority and instruction of the RCAE, attend and represent IGAD at key senior management or Board Audit Committee Meetings, as required (e.g. SGIL ALCO, ALD UK Audit Committee, ALD Re Audit Committee, SG Middle East Audit Committee).
  • Team spirit (international cooperation) - Coordinating Audit delivery with other IGAD teams for audits that are wider than the UK but include coverage of UK entities.
  • Quality and Continuous Improvement – Responsible for ensuring SG Group, IGAD policies, procedures and quality standards are understood and applied by staff under your responsibility.
  • Contribute to the governance of the department (and IGAD governance) through close cooperation with peers and IGAD LDN Audit Management to ensure the timely delivery of management requests and the effective running of the department. 
  • Support the performance of projects and special assignments as requested by IGAD LDN Audit Management.
  • Responsible for fostering a positive team culture in which staff are encouraged to embrace change, continuous improvement and innovative ways of working to improve efficiency and effectiveness. This includes use of digital and data, and connected working.

Summary of responsibilities

  1. Managing the audit activity
    • Define the macro objectives for all assignments in the covered perimeter.
    • Responsible for resource allocation and definition of key assignment milestones.
    • Managing the efficient and effective delivery of assigned audits and ensure that staff under their supervision meet the quality standards of the department.
    • Closely monitoring assignments in terms of performance to agreed budgets and delivery timelines (proactively notifying Audit Management of any significant anticipated variances from budget or timeline).
    • Responsible for the attainment of quality standards on all supervised audit assignments.
    • Accountable for ensuring mission execution is consistent with departmental methodology standards (as defined in COMPASS), and that missions are adequately supervised and all tollgates performed.
    • Ensure timely and rigorous (i.e. reviewed, validated and well-documented) follow-up of audit recommendations through to completion for their assigned business area.
    • Anticipation and identification of delays and issues in relation to deliverables and discussing these as part of ongoing Continuous Monitoring.
    • Reporting on recommendation follow up status to Audit Management on a regular basis including on the allocation of recommendations to the team members (in relation to team member’s workload).
  2. Managing assigned audit staff:
    • Responsible for setting annual objectives for assigned audit staff.
    • Responsible for reviewing staff performance throughout the year including mid and end of year appraisal.
    • Managing the staff evaluations process on assigned audits, ensuring that assignment and staff objectives are set for all auditors on their assignments (in line with individual development objectives), and ensuring that constructive and timely feedback is provided. Timely escalation of any staff performance issues to Audit Management.
    • Should ensure that assignment objectives and assignment allocation as much as possible aligns with the individual staff objectives.
    • Ensuring that Assignment Heads of Assignment provide constructive feedback to audit staff (verbal and written).
  • Responsible for assisting Regional Audit management in ensuring that assigned staff adhere to IGAD and SG policies and procedures and prescribed International Institute of Internal Auditors (IIA) Standards.
  1. Annual Risk Assessment (RA) and Continuous Audit Monitoring (CAM):
    • Maintain an appropriate level of interaction/ co-operation with auditees so as to maintain positive business relationships.
    • Overall responsibility for timely and effective Continuous monitoring and risk assessment for assigned business areas.
    • Ensure effective escalation of Continuous Monitoring and Risk Assessment results to Audit management.
    • Coordination with other Global and Regional Supervisors on both Continuous Monitoring and Risk assessments for audit planning.
    • Assisting Regional Audit management in defining annual audit plans and preparation for global audit plan arbitrations.
  2. Maintain a good level of interaction with business stakeholders.
  3. Coaching of less experienced audit staff:
    • Provide assistance, advice and practical training to less experienced staff colleagues on the audit process/ methodology and SG businesses and products.
    • Provide honest, constructive and timely performance feedback to team members.
  4. Schedule and attend ongoing meetings, continuously monitoring the follow-up of recommendations and oversee other auditors’ interaction with auditees in assigned areas.
  5. Quality
    • Fulfil all audit quality standards expected of an Audit Supervisor as defined by the Quality Assurance function.
    • Ensure quality standards are maintained by non-London staff employed on local missions.   
    • Ensure teams understand expectations in terms of the scope and approach for each mission.
    • Ensure teams set key mission milestones and monitor budget and deadline performance at each tollgate.
    • Ensure missions are planned in sufficient detail and mission plans are reviewed / updated throughout each mission.
    • Ensure audit work is effectively prioritised on a risk basis so that the work is performed efficiently.
    • Allocate sufficient skills, resources and management time to the missions taking into account mission complexity and team skills and experience.
    • Perform detailed work paper and file reviews in a timely manner to quality expectations.
    • Provide timely feedback to team members if quality is found to be below standard.
    • Contribute to the audit innovation culture of conceptualizing meaningful data analytics use-cases which can be used by audit teams globally.
  6. Ethics and Conduct
    • 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. Golden rules, security policies and regulatory requirements). 
    • Responsibility for managing, controlling, preparing and escalating risk within the scope of your position.
    • Responsibility for reading, understanding and complying with the Company’s Conduct and Standards and corresponding regulations. You will be notified of 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.
    • 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.

Profile required

Competencies 

  • Strong auditing credit risk experience.
  • Able to perform audit work with sufficient autonomy, organization and responsiveness to conduct assignments efficiently.
  • Strong understanding of the audit process and methodology - rigorous and reliable in the audit approach.
  • Good understanding of banking and financial products and Resources & Control Functions.
  • Strong analytic and synthesis skills
  • 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, timeframes 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.
  • Business management level accounting knowledge.
  • Very good level of people skills for effective stakeholder management.
  • Excellent written and verbal communication skills.

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

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 identity.

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, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 22000JX0
Entity: SG CIB
Starting date: immediate
Publication date: 2022/11/22
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