Solihull
Internal Audit
Competitive dependent upon experience
Permanent

About the Role

Job Purpose
 

The role of Internal Audit at Paragon is to provide an independent, objective assurance and consulting activity designed to add value and improve Paragon’s operations. It helps the business accomplish its objectives by bringing a systemic and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Internal Audit is the third line of defence for ensuring there is effective control in the Paragon Group and Paragon Bank regulatory and risk management framework.

 
Key Duties:
 
  • Assist the Audit Manager in identifying and prioritising significant risk areas in the Group’s first line business activities, and second line risk management and regulatory framework as part of the preparation for the audit plan coverage
  • Assist the Audit Manager with audit allocation process, managing the team workloads and appropriate resource
  • Responsible for delivery of own audits within agreed timescales
  • Provide mentoring to team colleagues, sharing knowledge and offering guidance, direction and assistance as required 
  • Arrange and attend meetings with auditees ahead of reviews to discuss/agree the internal audit approach and scope
  • Review working practices/procedures with relevant staff/management
  • Identify current / potential risks and assess controls against those risks for each audit area
  • Originate / develop and carry out audit tests, discuss audit findings with local and senior management; complete peer review of audit files as directed by Audit Manager
  • Issue and discuss audit findings with Audit Manager & IA Director before discussion with senior management to agree factual accuracy and recommendations/actions
  • Produce high quality internal audit reports for review by the Audit Manager
  • Follow up to evidence that actions agreed in Internal Audit reports have been implemented, or to assess progress made towards achieving the action agreed to date
  • As requested by Internal Audit Director/Audit Manager, attend working groups, committees, meetings as appropriate and advise on control aspects of developing systems / new business areas / acquisitions
  • Undertake any investigation work or ad hoc projects as directed by the Internal Audit Director/Audit Manager
  • Carry out due diligence work for acquisitions/servicing contracts as requested by the Internal Audit Director/Audit Manager
  • Represent Paragon at external functions as agreed with the Internal Audit Director/ Audit Manager
  • As directed by Audit Manager, attend meetings with external auditors and other internal assurance providers to discuss/agree the internal audit approach and co-ordinate reviews
  • Identify areas where internal audit practices/procedures could be improved to: enhance quality of IA services; improve utilisation of audit system; or to meet professional standards and discuss solutions with the Internal Audit Manager

About You

Key Skills
 
  • Ability to identify and assess risks and challenge processes and procedures in a constructive and effective manner and offer recommendations to negate/minimise the risks
  • Ability to analyse and critically evaluate data
  • Demonstrate effective challenging, listening, fact finding and recording skills
  • Ability to communicate effectively and confidently both in writing and verbally at all levels, challenging management, exercising diplomacy when appropriate
  • Produce factually accurate draft audit reports
  • Determine resources, and plan work logically to complete a task effectively
  • Use interactive skills to have an impact and be effective at meetings
  • Develop and maintain good working relationships with business areas
  • Demonstrate a pro-active, self-motivated and professional approach with a commitment to learn new skills and grasp concepts quickly, such as the ability to learn and interpret appropriate practices, policies and regulatory requirements
  • Ability to work on own initiative and as part of a team
 
Experience & Qualifications
 
  • Qualified Accountant/Auditor/IT Auditor with at least 3yrs PQE
And/or
  • 5yrs Audit Experience
  • 1-3yrs Management/Supervision Experience

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