Senior Internal Audit Manager

1w1 week ago

Commonwealth Bank

London, GB · Full-time · £95,000 – £125,000

About this role

In Financial Services, we support the Group’s strategy of building tomorrow’s bank today for our customers, through a focus on three key priorities of trust, resilience and capital generation. Financial Services partner with all areas of CommBank to specialist advice, support and services in finance, audit, treasury, property, procurement, climate strategy and investor relations. Group Audit and Assurance (GA&A) are the internal audit function for CBA and its International Branches.

The GA&A Europe audit team is responsible for covering CBA’s wholly owned subsidiary, CBA (Europe) NV in Amsterdam and CBA International Branches in London and New York. We are recruiting an experienced Senior Audit Manager to be located in London to support the audit team to successfully execute the Annual Audit Plan. This role will report into CBA (Europe) NV’s Head of Internal Audit in Amsterdam.

Evolving customer expectations, competitive threats and pace of change requires GA&A to support the business with new insights and risk coverage that puts customers first whilst providing insightful assurance to the Board. GA&A has increasingly embedded digital assurance into audit activities, injecting Artificial Intelligence (AI) into routine control testing and using digital tools. By reducing administrative overhead, GA&A has increased capacity for high value judgement-based activities.

With global-best digital tools that harness the power of data, analytics and AI, GA&A are delivering smarter, faster and safer outcomes to address current and emerging risks. This provides better assurance outcomes for our customers and community. The role drives appropriate use of analytics and AI to achieve audit efficiency and deeper insights.

Requirements

Experience in internal audit within financial services and banking
Knowledge of regulatory requirements for European and UK banking branches
Proficiency in GA&A audit methodology and electronic workflow systems
Skills in using analytics, data, and AI for audit testing and insights
Ability to perform continuous monitoring of emerging risks
Expertise in validating audit and regulatory issue closures
Understanding of local regulatory changes impacting audit plans

Responsibilities

Coordinating and performing local regulatory required and thematic audits
Supporting group-wide end-to-end product and/or thematic audits sampling CBA London Branch in line with GA&A audit methodology
Drive appropriate use of analytics and AI to achieve audit efficiency and deeper insights
Preparing simple, pragmatic and easy to read reporting for review, including audit reports, issue logs and inputs into risk-and governance reports
Deliver Planning, Fieldwork, Reporting, through to audit closure including administration of key audit stage-gates in the audit electronic workflow system
Validating closure of audit and regulatory issues in compliance with CBA’s issue validation policies
Performing continuous monitoring to capture key and emerging risks to ensure the Audit Plan remains dynamic and relevant
Monitoring and assessing local regulatory changes impacting GA&A’s Annual Audit Plan