Internal audit is an independant department, whose prime responsibility is to provide objective assurance and advice to management, adding value and improving the Bank’s operational environment. Internal Audit is predominantly concerned with the financial, operational, regulatory, legal and reputational risks to which the Bank is or may become exposed.
Responsibilities include assessing the control environment, IT systems and governance processes throughout the front and back offices, ultimately reporting to senior management pragmatic recommendations for their implementation. Internal audit will normally produce an annual plan of work to be performed, concentrating on areas of higher risk. Structured timetables and work programmes (e.g. audit programmes) will then be designed for each assignment. At the end of each review, an audit report will normally be prepared for senior management attention and action. Ad hoc assignments may also be performed at the request of senior management where problems or irregularities require further investigation. Further, there are real advantages in ongoing Internal Audit involvement in major projects, including systems developments. In this way audit concerns can be addressed up-front and action taken before the problem becomes too entrenched.
Programme requirements
- On track for a 2.1 or above
- Minimum 'BBB' at A level (or equivalent in UCAS points)
- No specific degree subject is required
- Broad knowledge of the finance industry is required
- Excellent quantitative and analytical skills
- Excellent communication skills
- Collaborative, interpersonal style
