Audit Cross-Function Assistant Vice President

Who we are

United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

Assistant Audit Manager (AVP)

Is the next step in your career at SMBC Group EMEA? We’re looking for an Assistant Audit Manager (AVP) for our Internal Audit Department to join our team. 

This role exists to support the delivery of an independent view and assurance over the control environment in operation in EMEA business entities (SMBC BI, SMBC Branches, and other subsidiaries in EMEA Region). It undertakes audit testing across a range of activities to support the delivery of audit opinions.

• Internal Audit are asked for an independent opinion on the changes and controls implemented by the organisations within EMEA Region, this role aims to provide insight and opinion on the key controls in operation in the business areas under review based on detailed testing.
• This role is responsible for undertaking a range of review and testing, including highlighting key areas of risk, assessing established and new controls in operation over a range of activities in any business in EMEA Region.
• This role should be able to undertake detailed tested and support other members of the team.

This role will promote an effective control environment throughout the organisation through assurance work and being available to management for advice and guidance on risk and control issues.

Business Area

ADIA is responsible for the delivery of around 100 internal audit reports per year across the EMEA region. Due to the nature of each business and the four year audit cycle, this role will support a number of audit assignments which can vary from year to year. On average an Assistant Audit Manager would contribute to 7 – 15 audits, this may include audits across EMEA. On an occasional basis (1 or 2 a year) an Assistant Audit Manager may take on the role of AIC for small assignments.

While the Assistant Audit Manager has no direct line reports, they are responsible for delivery of their testing within the timeframes set out at the planning stage, and if assigned an AIC role will be responsible for the delivery of the audit assignment, under the direction from a Director/ Executive Director. This will include review of the work performed by team members if any.

The Assistant Audit Manager can be assigned the role as AIC in any of the business for which ADIA has internal audit responsibility.  These include: SMBC BI, SMBC Branches,  SMBC Nikko CM Ltd, Sumitomo Nikko Bank Luxembourg (SNBL), SMBC Aviation Capital, SMBC Bank EU AG and SMBC Leasing (UK) Ltd.

There is no monetary budget, but time budgets for the completion of each audit are established and the Assistant Audit Manager is expected to deliver the completed audit within the budgeted timeframe.

The Assistant Audit Manager interfaces with AD Management, ADIA team members and line Management up to MD/ED level.

Position Description

The Assistant Audit Manager is primarily accountable and responsible for the timely delivery of internal audit fieldwork locally and for EMEA audits. This includes:

• Preparing internal audit working papers in accordance with the Policies and Procedures of Audit Department as documented with the Audit Manual.
• Documenting sampling methodology within the working papers and performing testing of the key controls identified.
• Preparing draft Audit Findings for review by the Auditor in Charge.
• Responding to working paper review points raised by the Auditor in Charge.
• When acting as AIC this also includes:
  • Preparing planning material to ensure that the internal controls covering the key risks are appropriately tested in order to provide reasonable assurance to the Board, Group Management, Entity Management and other stakeholders, including regulators that an effective internal control environment exists.
  • Preparing draft Audit Findings for review by AD Management.  The Audit Findings musts be factually accurate and clearly communicate the findings and recommendations. The Assistant Audit Manager must clearly communicate the issues to AD Management and then to business Management.  In doing so, the Assistant Audit Manager may experience some significant challenge and must therefore be resilient and articulate in their presentation of the issues and call on the support of the relevant Audit Partner.
  • Preparing the final internal audit report.  The report must clearly communicate areas of positive assurance as well as areas where improvement in the internal control environment is required. 
  • Undertaking follow-up and closure of internal audit findings.  This process requires the validation of action taken by line Management for the closure of all High and Moderate Priority recommendations and the provision of assistant and guidance to Management.

The Audit Manager will also be expected to contribute to Audit Department initiatives and work collaboratively across EMEA.

Competencies

What we offer

For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.

As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:

• Hybrid and flexible working 
• Competitive paid leave days
• Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance 
• Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services  
• Access a wide range of learning and development opportunities and career progression opportunities 
• Ambitious remuneration package

So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!