Audit Manager – Independent Price Verification
Posted 1hrs ago
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Job Description
Audit Manager leading Independent Price Verification audits for NatWest Group and subsidiaries. Delivering risk-based assurance over traded-instrument controls, IPV processes, and regulatory requirements.
Responsibilities:
- Provide quality, efficient, and effective assurance
- Influence business managers to improve controls
- Support delivery of a flexible, risk-based audit plan addressing regulatory requirements
- Provide independent assurance and impactful opinions
- Drive assurance across regular audit engagements through planning, risk coverage, collaboration with Internal Audit teams, and regulatory compliance
- Lead Independent Price Verification audit activities for NatWest Group and relevant subsidiaries
- Review the risk universe and audit approach for controls over Front Office traded instruments
- Lead and undertake assurance fieldwork, ensuring work is timely, fit for purpose, and supported by reliable evidence
- Deliver a risk-based assurance plan over IPV production and associated processes
- Lead engagement teams to meet stakeholder requirements and align with business strategy
- Act as an ambassador for Internal Audit and uphold the function’s reputation and integrity
- Lead and coach teams, delivering engagements to budget and schedule
- Use audit methodology and tools
- Ensure compliance with global methodology and maintain the audit management tool
- Manage key stakeholders and facilitate discussions on business risks
Requirements:
- Experienced IPV internal auditor
- Thorough understanding of risk management principles
- Ability to lead teams while controlling budget, schedule, and quality
- Experience supervising Product Control, IPV, or similar functions within a complex global bank
- Experience leading large teams through complex processes, challenging deadlines, and significant change
- Expert product knowledge across an investment bank’s balance sheet, including FX products, bonds, and repos
- Detailed knowledge of the Fair Value and IPV regulatory environment across the UK and overseas
- Familiarity with Pillar 1 and Pillar 2 capital calculations, ICAAP, ILAAP, recovery and resolution planning, and balance sheet stress testing processes advantageous
- Strong knowledge of accounting and regulatory requirements affecting derivatives, bonds, and repos, particularly in the UK
- Proven stakeholder management, challenge, and influencing skills
- Ability to support and supervise audit teams through coaching, feedback, and development
- Knowledge of risk management disciplines including capital, liquidity, credit, market, operational, non-trading market, and pensions risks, including derivative components
- Experience of financial reporting, consolidation, or balance sheet control
- Proactive approach to identifying and promoting talent
- Experience in agile audit methodology
Benefits:
- Remote First working arrangement
- Full-time employment


















