Internal Auditors work as members of the Internal Audit team to perform audit and other reviews. They gather relevant evidence and form conclusions to give assurance to the Board that the arrangements in place to manage risks to the Group’s assets, and to its customers, are adequate and appropriate. This will involve discussion, reading and other tests to understand and record how business processes work and whether they are designed and operating effectively. Internal Audit’s work covers the whole breadth of the organisation.
Internal Auditors work on their own assignments or with a Senior Internal Auditor on larger or more complex assignments. No two assignments are the same and self-learning including best practice and key risks is required before every audit. Work assigned to an Internal Auditor will contain a moderate level of complexity, with support being available from senior members of the audit team where necessary. All internal audit work is subject to quality control by senior members of the team.
All members of the internal audit team can expect to meet with colleagues at all levels up to SLT and to be able to confidently gather information, to discuss areas of concern and potential solutions. For more complex or difficult areas, support from senior members of the Internal Audit team is available.
Internal Auditors are expected to complete planning, fieldwork and reporting within agreed timescales and using PBS’s audit framework such that the majority of work produced needs no further modification. Having proposed and agreed audit objectives and testing before starting audit fieldwork, the auditor must nevertheless adapt to what they find e.g., by asking additional questions or modifying testing to ensure audit objectives are met. Internal Auditors must exercise judgement to reach conclusions about the adequacy of the control framework based on the evidence gathered, and must be able to communicate this effectively both verbally and through written reports.
What you will do
- Performance of Internal Audits. This involves planning the assignment, discussion with colleagues and evaluation of key risk and controls, recording of evidence and conclusions, creating a report and monitoring completion of recommended management actions. Whilst a framework exists for managing audits, each assignment is unique.
- Administrative activities within the team e.g., maintaining process notes, running reports of overdue items
What we are looking for
- Working knowledge of Word, Excel, Outlook
- Good working knowledge of AutoAudit (audit software, knowledge not expected when joining the function, but required to learn within 3 months of joining the team)
- Degree educated (minimum 2:2) or equivalent professional experience in a similar role.
- Working towards CCAB (Chartered Accountant) or CIIA (Chartered Auditor) qualification, or equivalent.
- Working in a role that requires risk management and business process/controls is desirable
- Experience of working within Financial Services is desirable
- Internal or external audit experience is desirable
- Strong communication and interpersonal skills.
- Probing and inquisitive
- Good attention to detail skills.
- Good report writing skills.
- Ability to work to deadlines ensuring expectations of stakeholders are effectively managed.
- A good understanding of risk management and business processes/controls.
- A good working knowledge of the PBS audit process (not expected when joining the function, but required within 3 months of joining the team)
Who are we?
It’s official! We’re a Great Place to Work! We are delighted to announce that in our first year of participating, we have been named one of the best workplaces in the UK in the large category on the Best Workplaces™ list for 2018.
With 53 branches and 18 agencies across Wales and the borders, Principality is the 6th largest Building Society in the UK. As a mutual society, we’re owned by and run for the benefit of our 500,000 members.
It’s an exciting time to join us as we’re currently on a Group wide transformational journey that will see our brand, technology, colleague and customer offerings updated and enhanced to really put Principality on the map and make us a brand and employer of choice within Wales and beyond. This is supported by our recent sponsorship of the iconic Principality Stadium which has put us on a global stage.
Steve Hughes, CEO, said: “Principality is a unique organisation. We are big enough to have large ambition, but small enough to value, respect and engage everyone as individuals. Our colleagues live and work in the communities they serve and have developed a strong connection with them. We strive to be an inclusive business with colleagues who are passionate about doing the right thing for Members.
As a business, Principality is keen to recruit talented individuals who are interested in joining a company in which they can really make a difference. Although the Society has been established for nearly 160 years, we pride ourselves on a progressive culture, which encourages its employees to thrive.
Our culture is renowned for being friendly, open and inclusive where we actively encourage everyone to bring themselves to work. Our people are our most important asset and make us stand out in the finance sector. They're the driving force behind our success and we're committed to creating and maintaining a great place to work
What can we offer you?
As well as a great working environment with a strong family feel and plenty of opportunities for development and growth, you can expect a generous package that includes pension, bonus and incentive schemes, free life assurance cover, critical illness protection, private healthcare and the option to buy extra holiday each year. You can also be a part of our Sports & Social club which gives our colleagues access to discounted theatre, sporting and family events and to top it all off, we always have tickets up for grabs for the latest events at Principality Stadium.
As Principality colleagues, we want you to walk a mile in our customer’s shoes. This is why we provide all staff with £100 to open a savings account at your local branch to really feel a part of our core business. £100 also grants you voting rights at the Principality Annual General Meeting.For more information about our Reward & Benefits, visit
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