Audit Coordination Manager

FNZ Group; City of Edinburgh; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading company is seeking an Audit Manager to coordinate audits across various teams, focusing on compliance and stakeholder engagement while enhancing audit processes. This role requires strong leadership skills and extensive experience in the Wealth Management industry, offering competitive compensation and benefits.

Benefits

26 days of holiday & 7 sick days

Extra paid overtime

Multisport card

Relocation support

Education and Training funding

Qualifications

• Experience in the Wealth Management sector.
• Track record of enhancing processes and efficiency.
• Ability to manage multiple stakeholders.

Responsibilities

• Coordinate audit activities and ensure timely completion.
• Prepare reports and maintain audit documentation.
• Lead education on audit processes within the business.

Skills

Excellent communication skills

Team management

Process improvement

Client relationship management

Technical proficiency with Excel

Technical proficiency with MS SQL

Education

Relevant experience in Wealth Management

Job description

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The Audit Manager is responsible for the coordination of client and centralised audits across the business.

Team Responsibilities

Centralised Audit full responsibility on:

• Firm audits External (FNZ, PWC, KPMG)
• Internal audit (IA & Compliance)
• KPMG Scalability review

Specific Role Responsibilities

Specific role responsibilities will include

Managing and undertaking as necessary the following activities:

Audit function:

• Be responsible for the scheduling and coordination of audit activities with auditors, ensuring that all stakeholders are informed and aligned.
• Track and monitor the progress of audits, ensuring timely completion and delivery of audit objectives.
• Organising meetings, briefings, and workshops related to audit activities, assisting in the preparation of necessary materials and following up on action items.
• Ensure the report delivery is timely to clients by working with the business to attain appropriate samples/ responses to queries to allow the audit to run within the agreed timeline.
• Respond to and manage any client queries or issues with regards to the audit reports.
• Ensuring the timely compilation and submission of required papers to Audit Committees / ExCos for approvals, and where ad hoc updates are required.
• Be responsible for inputting invoices into Gatekeeper, to ensure timely approval ahead of signing of engagement letters.

Document Management and Reporting:

• Preparation of status reports and summaries for the senior management, highlighting key findings, outstanding issues, and areas of concern.
• Maintain a well-organised system for audit documentation, ensuring all records are up-to-date and easily accessible for reference and compliance reviews.
• Keep the business updated on audit timelines, and any competing deadlines and/ or simultaneous reports.

Culture and Training:

• Lead in educating the business on the audit process.
• Manage the drawing up and transmission of any audit communications strategy and outputs.

Communication and Stakeholder Engagement:

• Act as the primary point of contact for auditors and clients during audit engagements, addressing queries and facilitating smooth communication between internal and external parties.
• Coordinate responses to audit queries from the business, ensuring that feedback and information are gathered promptly and accurately.
• Support the development of strong relationships with auditors, fostering a collaborative approach to compliance and risk management.

Compliance Monitoring and Follow-Up:

• Monitor the implementation of audit recommendations and action plans, tracking progress and reporting on any delays or issues.
• Assist in the identification of trends and common themes arising from audit findings, contributing to continuous improvement initiatives.

Process Improvement and Best Practice:

• Contribute to the ongoing enhancement of audit methodologies and processes, including the development of templates, checklists, and tools to streamline audit activities.
• Support training initiatives by helping to prepare materials and presentations related to audit best practices and compliance standards.
• Actively engaging with the audit providers to review and enhance the overall delivery of the audit engagements each year – inclusive of any efficiencies that can be gained, best ways of managing additional reporting (moving with business requirements), and opportunities for automation.

Performance Assessment

• Meeting regulatory requirements in connection with audit.
• Building awareness of the audit function and importance of audit across the business
• Positive interaction with and feedback from clients in relation to audit.
• Bringing new ideas and initiatives to the FNZ business in relation to audit.
• Ability to work both individually and as part of a team to achieve all required audit objectives.

Experience required

It is incumbent upon the Audit Analyst to ensure they are competent and have high performance in the following areas:

• The successful candidate must have a track record of innovating to improve process, control and efficiency at a team management level.
• Track record of working with teams who operate to tight deadlines and meet client deliverables
• Extensive experience within the Wealth Management / Platform industry.
• Experience in client relationship management
• Ability to inspire team members to develop themselves and deliver the best possible performance on a consistent basis
• Excellent communication skills with the ability to engage effectively across a diverse range of stakeholders and offer compelling, proactive examples of how data can work for the business through your team
• Ability to work collaboratively with the team, and department peers and colleagues ensuring that challenges and opportunities are addressed promptly, openly and constructively
• Excellent people management skills. A desire to lead and develop people not only technically, but personally, and to drive a culture of inclusion and diversity in the team and wider business. This should prevail regardless of having a team to manage or not.
• Strong technical proficiency with Excel and MS SQL Server Management Suite.
• Wide experience in producing regular and bespoke reporting using complex data sets, suitable for different audiences
• Creative approaches to providing innovative solutions for the business to ensure their needs are constantly met.
• Knowledge of the UK financial services and regulatory framework including the CASS Sourcebook

About FNZ

FNZ is the market leading provider of technology and administration services to major financial institutions in the platform and wealth management sectors across the globe. We partner with life companies, banks, asset managers and discretionary wealth managers to enable them to develop and distribute financial products and services to their customers across all major distribution channels.

FNZ has a strong blue-chip customer base including Standard Life, AMP, National Australia Bank, Bank of New Zealand, UBS and Zurich Financial. It has helped these customers grow to around £80 billion of platform assets in aggregate. FNZ now employs over 1000 people with offices in Edinburgh, London, Bristol, Brno (Czech Republic), Wellington Sydney, Singapore and Hong Kong.

• Be part of a highly successful, rapidly growing, global business that is leading the delivery of financial services via cloud computing and partners with some of the world’s largest companies.
• Remuneration and career advancement is based on individual contribution and business impact rather than tenure or seniority.
• We provide global career opportunities for our best employees at any of our offices in the UK, Czech Republic, Asia, Australia or New Zealand.

What we offer:

• 26 days of holiday & 7 sick days per year
• Extra paid overtime
• Multisport card (available also for partner or child)
• Cafeteria system (600 CZK/month)
• 26 weeks fully paid maternity and paternity, 8 weeks fully paid bereavement leave, and 2 weeks fully paid emergency leave
• Pension or Life Insurance (2% from Contractual Monthly Gross Salary)
• Education and Training (funding of professional exams, LinkedIn trainings)
• Relocation and Business Trips support
• Support for statutory leaves (e.g., wedding day, blood donation)