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VP Internal Audit – Corporate & Investment Bank

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Barclays

2mo ago

  • Job
    Full-time
    Expert Level
  • Legal
    Banking & Finance
  • Frankfurt

AI generated summary

  • You need strong audit experience in large banks, excellent stakeholder management, a risk-based approach, leadership skills, critical thinking, fluency in English, and an accounting/auditing qualification.
  • You will lead audits, manage stakeholders, assess risks and controls, leverage data analytics, provide findings, and drive continuous improvements while ensuring compliance with regulations.

Requirements

  • Strong internal or external audit experience.
  • Must have experience leading audits in large organisation; preferably in a large bank and ideally have experience within Corporate and Investment banking across different jurisdictions.
  • Strong stakeholder management skills and ability to negotiate complex and challenging conversations.
  • Sound experience leading an audit team, offering guidance and developing skills.
  • Critical thinking mindset, able to scope an audit, raise issues and identify ways to improve the process.
  • Risk based audit approach.
  • Strong interpersonal and intercultural skills.
  • Proactive mindset and ability to work on own initiative.
  • Must be fluent in English. Ideally would also be fluent in German but this is not essential.
  • Strong communications skills, excellent attention to detail.
  • Recognised Accounting or Auditing Qualification.

Responsibilities

  • leading audits, scoping the audits, including documentation of audit scope, process understanding, risk & control identification, and testing strategies
  • identifying efficient testing opportunities through use of data analytics
  • oversee audit fieldwork and completion of the audit report, communication of key findings and recommendations to stakeholders and supporting remediation of QA reviews and issues raised from those reviews
  • stakeholder management and continuous monitoring
  • Audit development and delivery support, including financial statements, accounting practices, operational processes, IT systems and risk management
  • Identification of operational risks to support the delivery of the Barclays Internal Audit (BIA) Audit Plan through risk assessments
  • Assessment of internal control effectiveness and their capability to identify and mitigate risk aligned to regulatory requirements
  • Communication of key findings and recommendations to stakeholders, including the Audit Owner, senior managers and directors
  • Identification of regulatory news and industry trends/developments to provide timely insight and recommendations for best practice
  • To contribute or set strategy, drive requirements and make recommendations for change
  • Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures
  • If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes
  • If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard
  • OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction
  • Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment
  • Manage and mitigate risks through assessment, in support of the control and governance agenda
  • Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does
  • Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business
  • Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies
  • Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives
  • Adopt and include the outcomes of extensive research in problem solving processes
  • Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives

FAQs

What location is this VP Internal Audit position based in?

This position is based in Frankfurt, Germany.

What are the primary responsibilities of the VP Internal Audit?

The primary responsibilities include leading audits, scoping audits, overseeing audit fieldwork, communicating key findings to stakeholders, and supporting remediation of QA reviews and issues.

What experience is required for this role?

Strong internal or external audit experience is required, particularly with leading audits in large organizations, preferably within a corporate and investment banking context.

Is fluent German required for this position?

Fluent English is required, and being fluent in German is ideal but not essential.

What type of audit approach is expected in this role?

A risk-based audit approach is expected in this role.

What qualifications are preferred for candidates applying for this position?

A recognized Accounting or Auditing qualification is highly valued, along with strong communication skills and attention to detail.

Will the role involve managing a team?

Yes, if managing a team, you will be responsible for defining jobs and responsibilities, planning future needs, and counseling employees on performance.

What are the key behavioral expectations for someone in this role?

Key behavioral expectations include demonstrating leadership, creating an environment for colleagues to thrive, and adhering to the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship.

How will success be assessed in this role?

Success may be assessed on skills such as risk and controls, change and transformation, strategic thinking, and digital and technology impact, as well as job-specific technical skills.

What is the main purpose of the VP Internal Audit position?

The main purpose is to support the development of audits aligned to the bank's standards and objectives by working collaboratively with colleagues and providing accurate information and recommendations.

Are there opportunities for professional development in this role?

Yes, there will be opportunities for guidance, skill development, and leading collaborative assignments, which may involve training and coaching less experienced specialists.

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Barclays

Barclays is a British multinational bank offering personal, corporate, and investment banking services worldwide.

Finance
Industry
10,001+
Employees
1690
Founded Year

Mission & Purpose

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.