Audit Manager – Independent Price Verification

This is a fully remote position, open to applicants in United Kingdom.

📋 Description

• Deliver high-quality, efficient, and effective assurance services.

• Influence business leaders to enhance control measures.

• Assist in the execution of a flexible, risk-based audit strategy that meets regulatory standards.

• Offer independent assurance and impactful insights.

• Propel assurance efforts across regular audit activities through planning, risk management, collaboration with Internal Audit teams, and adherence to regulatory requirements.

• Oversee Independent Price Verification audit processes for NatWest Group and its relevant subsidiaries.

• Assess the risk universe and audit strategy concerning controls over Front Office traded instruments.

• Lead and conduct assurance fieldwork, ensuring timely execution, suitability, and support from credible evidence.

• Implement a risk-based assurance strategy for IPV production and related processes.

• Guide engagement teams to fulfill stakeholder expectations and align with business objectives.

• Serve as an advocate for Internal Audit, maintaining the function’s reputation and integrity.

• Mentor and coach teams, ensuring engagements are delivered within budget and on schedule.

• Utilize audit methodologies and tools effectively.

• Ensure adherence to global methodologies and maintain the audit management system.

• Manage key stakeholders and facilitate discussions regarding business risks.

⛳️ Requirements

• Proven experience as an IPV internal auditor.

• Comprehensive understanding of risk management principles.

• Capability to lead teams while managing budget, timelines, and quality standards.

• Background in supervising Product Control, IPV, or similar roles within a complex global banking environment.

• Experience in leading large teams through intricate processes, tight deadlines, and significant transformations.

• In-depth product knowledge relevant to an investment bank’s balance sheet, including FX products, bonds, and repos.

• Detailed awareness of the Fair Value and IPV regulatory landscape both in the UK and internationally.

• Familiarity with Pillar 1 and Pillar 2 capital calculations, ICAAP, ILAAP, recovery and resolution planning, and balance sheet stress testing processes is advantageous.

• Strong knowledge of accounting and regulatory requirements impacting derivatives, bonds, and repos, particularly within the UK.

• Demonstrated skills in stakeholder management, challenge, and influence.

• Ability to support and guide audit teams through coaching, feedback, and development.

• Knowledge of risk management disciplines encompassing capital, liquidity, credit, market, operational, non-trading market, and pension risks, including derivatives.

• Experience in financial reporting, consolidation, or balance sheet control.

• Proactive in identifying and nurturing talent.

• Familiarity with agile audit methodologies.

🏝️ Benefits

• Remote First working arrangement.

• Full-time employment.