Details of required roleFunctional Title: Group Audit CFO - Principal AuditorProfession: Internal AuditPosition Role Reports to: CFO Madrid Principal Audit ManagerLocation: MadridCorporate Title: AVPRole DescriptionThe Group Audit CFO team are responsible for global coverage of CFO (Finance and Treasury), in addition to the CRO functions of Liquidity Risk Management and Valuation Control. The current team is comprised of approx. 50 FTE's based in 10 locations (London, Frankfurt, Jacksonville, New York, Singapore, Bonn, Milan, Manila, Mumbai and Pune) with a Principal Audit Manager based in 5 of these.As a result of a planned increase in the size of the CFO team, we are establishing a new CFO audit delivery team based in Madrid reporting locally into a new CFO Madrid Principal Audit Manager (PAM), who will report directly into the CFO Chief Auditor based in London. This Principal Auditor role forms part of an initial team of five supporting the PAM in the delivery of the audit plan. The Principal Auditor leads or participates in audits of the global CFO function in accordance with the audit methodology, evaluating the adequacy and effectiveness of internal controls relating to risks within the function.Role Responsibilities and Tasks- Execution of day-to-day operational audit work and the delivery of audits (including risk assessment profiles and business monitoring).- Implements dynamic planning through business monitoring.- Plans audits e.g. documenting activity flows of the processes to be reviewed, identifies risks and the key actual controls in place to mitigate the identified risks and attends meetings with internal stakeholders as and when required.- May lead a team on individual assignments.- Involvement in the drafting of high-quality audit reports for review by audit management, facilitates issue tracking, validates the closure of issues and approves closure of Important issues.- Executes audit fieldwork in line with the agreed audit approach e.g. documenting Activity Flows, identification of key risks, testing of key controls to determine whether they are properly designed and are operating effectively and documenting work in accordance with divisional standards.- Partners with other divisional/teams during audit engagement to guarantee an integrated approach.- Reviews and provides expert opinions on action plans provided by clients, helping them develop robust remediation plans.- Completes all assigned audit work in line with agreed budgets, including ad hoc projects.- Acts as a competent partner and challenger to clients in the closure process of findings.- Communicates openly with divisional management and the internal stakeholders; keeps them informed of potential issues and escalates problems/delays accordingly.- Presents complex and sensitive messages (such as audit issues) comprehensively, professionally and reduces complex topics to simple statements.- Proactively keeps abreast of pertinent industry, regulatory and business practices.- Establishes and maintains a client service/relationship approach with clients in order to understand their business needs. Interprets stakeholder feedback on key business developments/risks and understands the clients' marketplace in order to address their needs and expectations while delivering 'one voice' to the client in all communications and correspondence.- Reinforces an environment where people management and development is a key priority.- Acts as a role model for their own team and others.Experience/ Exposure- A solid knowledge and experience of the activities of the Finance function of a global investment bank, including an understanding of the associated risks and regulatory requirements.- Minimum 7 years of experience in financial services or 'big 4' accounting firm, working either in the 2nd line Finance function or in a Finance focused audit delivery role.- A sound knowledge of banking activities, including capital market products and their accounting (IFRS, USGAAP, HGB) and regulatory reporting requirements.- Strong communication skills, communicating with clarity, both orally and in writing, in a logical order and structured approach. Fluent in English (written and verbal).- Strong relationship management, analytical, problem solving, communication, influencing, planning and presentation skills.- The ability to challenge and be challenged whilst maintaining the highest levels of professionalism.- Demonstrates intellectual curiosity and is able to understand and evaluate risk.
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