Internal Audit Manager at Ukib

Shape the Future with the National Wealth Fund

At the National Wealth Fund, our mission is to swiftly and effectively mobilise trusted sector insights and investment expertise to unlock billions in private finance for projects across the United Kingdom. Providing £27.8bn of capital and an expanded mandate, we are ready to help the market invest with confidence, continue to drive forward the Government's growth ambitions.

We are looking for skilled and results oriented individuals who are motivated to help us build the National Wealth Fund into an industry-leading institution.

Job Purpose

• Independently lead and take ownership of the end-to-end planning and execution of internal audit engagements in complex areas, predominantly Front and Middle Office, though flexibility will also be required to deliver audits in other areas as business needs arise. ​

• Conduct audit engagements in compliance with the IAS Internal Audit Methodology and diligently document the work undertaken in a structured, clear and concise manner to a standard that would be acceptable during an External Quality Assessment of the IAS Function.​

• Undertake planning activities for an assurance engagement where the route ahead may not always be clear to propose the scope and key risk areas for focus during the audit. ​

• Prepare and present excellent quality outputs (e.g. audit reports and closing meeting slides) with an eye for detail, to communicate complex messages in a simple, succinct and balanced way to a range of stakeholders, helping to inform effective decision making.​

• Apply judgement and propose recommendations to findings which are proportionate to the risk in question, written in a clear manner to facilitate its completion and follow-up.​

• Work collaboratively, in a friendly and professional manner in sometimes difficult situations to resolve conflict in the process of agreeing an audit report with the business. ​

• Capture agreed actions arising from IAS engagements and diligently follow-up in a timely way the status of audit action completion, providing support where necessary and reporting the outcome to inform reporting to ExCo/Audit and Risk Committee.​

• Presenting the output of audit work to a range of senior stakeholders (e.g. Executive Committee and Board level)​ 

• Support the Head of Internal Audit Services on the development of the Internal Audit Plan, engaging with senior stakeholders, undertaking analysis and utilising insights to inform priority areas of assurance.​

• Build and maintain strong relationships with key stakeholders across NWF to inform strategic planning activities of the IAS Function.​

• Apply subject matter expertise gained via their internal and external network, coupled with insights about the organisation and its key risks to deliver assurance activities in support of NWF corporate objectives. ​

• Pro-actively identify opportunities and support on executing continuous improvement initiatives within the IAS function to improve effectiveness and efficiency of the ways of working.​

• Support the wider IAS team areas of significant judgement (e.g. audit findings)​

Key Experience, Knowledge & Skills

Experience and Knowledge​

• A member of the Chartered Institute of Internal Auditors (IIA) or holding a CCAB qualification (e.g. ACA).​

• Significant experience conducting the end-to-end delivery of internal audit engagements independently in areas such as Investment Governance, Asset Management and Monitoring, Credit Risk Assessment, Model Risk, Concentration Risk Management,  Interest Rate Risk Management, Treasury and Cash Management.​

• Experience of operating in a Corporate Banking, Investment Banking, Asset Management and/or Corporate Finance environment. Alternatively, experience in professional services delivering to a largely Financial Services background​

• Candidates with external or internal audit or potentially candidates looking to transfer into audit from risk, controls or compliance with strong technical knowledge around complex credit investments could be considered.​

• Experience of working within a development finance/impact financing environment would be a distinct advantage.​

• Prior experience of operating in a start-up environment would be an advantage. ​

• Knowledge of Global Internal Audit Standards.​

• Experience of deploying innovative audit approaches to providing assurance.​

• Advanced Microsoft Excel skills and working with models would be a distinct advantage.​

• Experience of Financial Analysis​

• Knowledge of IFRS 9​

• A flexible attitude to adapt and change direction as needed.​

• An ability to operate with support in an environment of ambiguity where the route ahead may not always be clear.​

• A desire to undertake audits in new areas, which may be non-Front or Midde Office related​

• A self-starter that can effectively manage his/her own time, capable of taking initiative without prompting to ensure delivery of quality outputs in a timely way.​

• A confident communicator with an ability to present to an audience and in written form, complex issues in a simple, clear and concise manner.​

• Strong attention to detail and well organised; ability to prioritise and multi-task when required.​

• A strong ability to analyse large volumes of quantitative and qualitative information from a multitude of sources to focus on what matters.​

• A willingness and desire to challenge yourself planning for and delivering assurance in new subject areas. ​

• Strong skills to identify risks in a given environment and expectations of controls which are proportionate given the development journey of the organisation as a start-up that is scaling up its activities.​

• Proven ability to work collaboratively with and persuade stakeholders, obtaining buy-in of sometimes difficult messages during audit work.​

• An ability to persevere, stay focussed and be flexible in delivering assurance work in environment that is fast-changing, and auditees have competing business priorities.​

A career with us offers a unique opportunity to make a lasting impact and work on cutting-edge technologies that will drive the UK’s future. We value diversity in our people and inclusion is at the heart of what we do.

We offer competitive benefits and unique learning opportunities from combining both private and public sector skills and experience. Please note, referencing and background checks are carried out for all roles here at the National Wealth Fund.