Senior Audit Manager

Role Summary

This role exists to deliver an independent view and assurance over the control environment in operation in EMEA business entities (SMBC Bank International plc (SMBC BI), SMBC Branches, and other subsidiaries in EMEA Region). It undertakes and manages audits across a range of activities and supports teams of auditors to deliver in depth testing and review to support audit opinions. It contributes part of the Audit opinion provided the EMEA Region Management and SMBC Group Audit Committee in Tokyo.

Business Area

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 and therefore must have the expertise to provide advice and consultancy services as required.

Position Description

ADIA is responsible for the delivery of around 90 internal audit reports per year across the EMEA region. Due to the nature of each business and the audit cycle, the number of audits each Audit Manager is responsible for can vary from year to year. On average an Audit Manager would be responsible for the delivery of around 6-8 audits per year, and contribute to other audit assignments through delivery of fieldwork for other Audit Managers. This may include technically complex and highly regulated areas, large assignments, including theme audits across more than one jurisdiction/ business. These are scheduled so that some will overlap so that two assignments may be open at the same time, closing one and planning another, an Audit Manager will be able to manage both successfully.

Responsibilities

• Preparation of 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.
• Overseeing the work performed for the audit assignment by other team members.  Providing guidance and support to team members as necessary.
• Directing testing to cover key areas of risk and determine the scope and focus in agreement with the Audit Partner of the review, and share expertise in their area with other team members.
• Preparing draft Audit Findings for review by AD Management.  The ACRs musts be factually accurate and clearly communicate the findings and recommendations. The Audit Manager must clearly communicate the issues to AD Management and then to business Management including senior stakeholders.  In doing so, the Audit Manager may experience some significant challenge and must therefore be resilient and articulate in their presentation of the issues.
• 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 recommendations.  This process requires the validation of action taken by line Management for the closure of all High and Moderate Priority Findings and the provision of assistant and guidance to Management.
• The Audit Manager may also be asked to assist the Audit Partner with maintaining relationships with Senior Management in a nominated area of responsibility, have insight into business activities and be able to comment on key areas of risk for those business areas.
• The Audit Manager will also be expected to contribute to Audit Department initiatives and work collaboratively across EMEA

Challenges

• The broad range of business areas subject to internal audit.
• Tight timelines for the delivery of internal audit assignments, and managing conflicting priorities.
• Challenge from AD Management and line Management and the ability to successfully articulate issues identified.
• The need to manage different groups of ADIA staff assigned to each audit assignment.

Competencies