Internal Audit

CONNECT RECRUITMENT CONSULTANTS LIMITED; Greater London; Hybrid; GBP 38,000 - 52,000; Full time

Benefits offered by this job

Hybrid work

Job summary

CONNECT RECRUITMENT CONSULTANTS LIMITED's client seeks an Internal Audit professional to assess and improve the effectiveness of risk management, controls, and governance within the organisation.

The post holder conducts independent evaluations of financial and operational activities to ensure compliance with policies, regulations, and standards, while identifying risks and recommending improvements to strengthen internal controls and efficiency.

Qualifications

• Professional qualification in accounting or auditing (ACA/ACCA/CIMA or equivalent) is mandatory.
• Degree in finance, accounting, or related discipline preferred.
• Minimum of three years' internal audit experience, ideally in banking/financial services.
• Strong knowledge of banking and finance regulations and compliance.
• Excellent analytical and communication skills.

Responsibilities

• Plan, execute and report on internal audit assignments per annual plan.
• Review financial statements and compliance with regulatory requirements.
• Identify risk areas and recommend control improvements.
• Prepare audit reports and present findings to management.
• Coordinate with departments to implement audit recommendations.
• Monitor progress of agreed actions and follow up.
• Stay updated on regulatory changes affecting banking and finance.
• Support improvement of audit methodologies.
• Adhere to professional standards and ethics.

Skills

Analytical skills

Problem solving

Attention to detail

Communication skills

Organization

Time management

Audit software

Microsoft Office

Teamwork

Independent work

Education

Professional qualification ACA/ACCA/CIMA

Degree in finance/accounting/business

Tools

Audit software

Microsoft Office

Job description

Internal Audit

Location

South East England, Buckinghamshire, England

Job Type

Temporary, Full-Time

Industry

Primary: Banking and Finance

Secondary: Accounting

Salary

£45,000 per annum

Benefits

• Hybrid working arrangement - two days working from home

Job Description

The Internal Audit role is responsible for assessing and improving the effectiveness of risk management, control, and governance processes within the organisation. The post holder conducts independent evaluations of financial and operational activities to ensure compliance with relevant policies, regulations, and standards. This role supports the identification of risks and recommends improvements to enhance internal controls and operational efficiency.

Key Duties and Responsibilities

• Plan, execute and report on internal audit assignments in accordance with the annual audit plan.
• Review financial statements, operational procedures, and compliance with statutory and regulatory requirements.
• Identify areas of risk and recommend appropriate control measures to mitigate these risks.
• Prepare clear, concise audit reports and present findings to senior management and relevant stakeholders.
• Collaborate with various departments to ensure understanding and implementation of audit recommendations.
• Monitor the progress of agreed actions arising from audit reports and follow-up on outstanding issues.
• Maintain up-to-date knowledge of regulatory changes affecting the banking and finance sector.
• Support continuous improvement initiatives in audit methodologies and processes.
• Adhere to the professional standards and code of ethics prescribed by relevant auditing bodies.

Required Qualifications

• Professional qualification in accounting or auditing (for example, ACA, ACCA, CIMA or equivalent) is mandatory.
• Strong understanding of banking and finance regulations and compliance requirements.

Education

• A degree in finance, accounting, business, or a related discipline is preferred.

Experience

• Minimum of three years' experience in internal audit, preferably within the banking or financial services sector.
• Proven track record of conducting comprehensive audits and preparing detailed reports.
• Experience in assessing operational risks and internal controls.

Knowledge and Skills

• Excellent analytical and problem-solving skills.
• Strong attention to detail and high standards of accuracy.
• Effective communication skills, both written and verbal, with the ability to present complex information clearly.
• Good organisational and time management skills with the ability to manage multiple audits concurrently.
• Proficient in using audit software and Microsoft Office applications.
• Ability to work independently and as part of a team.

Preferred Qualifications

• Experience working within a hybrid working environment.
• Knowledge of current developments in financial services regulation and best practise in internal auditing.
• Additional certifications related to risk management or control frameworks.

Working Conditions

• This role operates primarily from the office in Slough, Berkshire with the flexibility to work from home two days per week.
• Standard full-time working hours apply, with occasional requirements to meet deadlines or attend meetings outside usual hours.
• The role involves desk-based work with regular use of computer equipment.
• Some travel within the region may be necessary to conduct audits at different sites.

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