Lead IT Auditor

23 Feb 2018
23 Mar 2018
Contract Type
Full Time

Bank of England Internal Audit has approximately 26 professional staff and is currently looking for a Lead IT Auditor.  Reporting to an IT Audit Manager, the role offers a unique insight into a wide range of complex and often high profile activities. These focus on the United Kingdom’s monetary and financial stability and involve audits across a diverse range of functions that support the activities, together with exposure to senior management.

Brief Description          

The Bank of England is the central bank of the United Kingdom. Its core purposes are to ensure monetary stability, financial stability, and through the Prudential Regulation Authority, macro and micro prudential regulation. The Bank also has supervision responsibility for central counterparties and settlements systems. Internal Audit plays a key role in protecting the Bank and its reputation by independently evaluating the effectiveness of internal controls, risk management and governance processes.

Detailed Description         

The ability and desire to drive positive change is central to our remit and successful candidates will be passionate about making a real difference to the Bank’s controls and business processes.  With limited supervision from an IT Audit Manager, the jobholder will be required to develop relationships with management and staff in the IT as well as business areas; develop a deep understanding of the business areas; and to plan and perform audits in the IT and other areas of the Bank.  The role requires the ability to:

  • Understand the Bank and its evolving role in the UK financial system.
  • Leverage this understanding to identify the risks facing the Bank and to inform the planning of specific audits.
  • Investigate the effectiveness of controls as well as behaviour and culture as appropriate.
  • Lead and ensure completion of all audit work within allocated time and budgets with minimal oversight from the IT Audit Manager.
  • Draw and articulate well formulated conclusions and cost-effective recommendations.
  • Inspire and foster change throughout the Bank.
  • Liaise with the business and IT management in tracking progress in addressing audit recommendations and confirming their closure.
  • Supervise and coach less experienced members of the team.
  • Contribute to the development of departmental standards and audit methodology.
  • Build and maintain knowledge of wider issues affecting the Bank and contribute ideas for how Internal Audit should respond.

Skills and Experience required:

  • Education to degree level and other relevant qualification would be an advantage (eg ACA, CISA, ITIL, CISSP, CISM, Prince 2).
  • Good working knowledge of industry best practices (e.g. COBIT, ITIL, ISO 27001/2).
  • Strong technical knowledge and experience of reviewing and testing both application level, general IT controls and infrastructure related areas (databases, operating systems, cyber related controls etc).
  • Enthusiastic, committed and able to drive positive change and create business value through the performance of well thought out, thorough audit work.
  • Ability to push back and challenge the status quo where appropriate.
  • Ability to identify, recommend and drive through practical, cost effective control improvements.
  • Excellent communication skills, including the ability to openly express views and opinions (and to encourage others to do so).
  • Comfortable building business relationships and liaising with senior management and external stakeholders.
  • Excellent writing skills, including the ability to explain highly technical audit findings in a straight-forward manner to senior stakeholders not familiar with the technical detail, and tailors outputs to audience.
  • Able to work co-operatively and effectively with others in a team environment.
  • Excellent attention to detail, ensuring that own and other outputs are accurate and supportable the first time.
  • Thinks creatively to develop solutions to difficult or complex problems.
  • Able to juggle multiple priorities and deliver within pre-agreed deadlines.
  • Flexible style to encourage inclusivity.
  • Education to degree level and other relevant qualification would be an advantage (eg ACA, CISA, ITIL, CISSP, CISM, Prince 2).
  • Experience of working in the financial services industry and  knowledge of the UK financial services regulatory environment is desirable.

In return the Bank can offer flexible working arrangements in a friendly, yet highly professional working environment. 

The work is based in Threadneedle Street in the City of London.  

The Bank of England is committed to diversity and equal opportunities.

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