The Chief Internal Auditor (CIA) reports
functionally to the Chairman of the Audit & Finance Committee and administratively to the
Chief Executive Officer. The IA team provides a comprehensive audit service to the
Group of Companies and controls advice to the Board and senior management.
The Vice President will support the Director in providing risk-based integrated audit coverage
and independent assessment of the effectiveness of key applications, projects, and related
IT controls and risks across CLS. IA’s ways of working reflect the requirements of the firm
designation as a Systemically Important Financial Market Utility (SIFMU). The requirements
of the Audit Plan are diverse and challenging.
The Vice President will be primarily focused on leading audits, continuous monitoring, issue
validation, and leading on departmental improvement initiatives. It is important that the Vice
President be versatile and flexible in working in a team on a larger/complex audit, or
individually on less complex audits under the direction of the Director. Importantly, the Vice
President will be expected to have a good understanding of financial services business
practices and will be able to contribute to integrated audits of the various business
divisions.
Stakeholder Management / Strategic: (15%)
- Develop and maintain working relationships with peers across the organization.
- To monitor strategic developments within the firm to highlight any unidentified risks or potential control issues.
- Perform continuous monitoring of the business through frequent stakeholder engagement, under the direction of the director, to identify emerging risks and issues and report to audit management and the Audit & Finance Committee.
- Identify areas for improvement within Internal Audit and play a leading role on
- Support and provide input into the Internal Audit risk assessment process to inform the Audit Plan.
- Support the director in strategic improvements including Continuous Auditing, Data Analytics, Development of control Dashboards, and Automated Testing Capabilities.
- Stand in for the director in times of absence to represent the Internal Audit Information Security team at Tollgates, Continuous Monitoring sessions, and provide Senior Management with progress updates.
Audit Execution and Management: (80%)
- Execution of planning and testing for complex technology, information security audits and high-level reviews, including designing test strategies, audit test papers and drafting of audit findings.
- Soft reviews of and coaching to more junior IA members’ work (Senior Associate and Associate).
- Validation to confirm management’s remediation of audit and regulatory issues.
- Management and tracking of businesses remediation activities.
- Actively contributing to the ongoing improvement of audit practices and methodology.
- Assist the wider Internal Audit Division in areas of Information Security, including participating in integrated audits, providing Subject Matter Expertise (SME) in planning activities, and knowledge sharing.
- Provide timely progress updates within the reporting system and to the director in the daily stand-up calls.
Professional Development (5%)
- Proactively maintain knowledge, skills, and disciplines, with on-going
- Identify and share useful learning opportunities for other Internal Audit team
- Maintain the professional standard of the Internal Audit function and work within its agreed Terms of Reference and IIA standards/guidelines, Charter, and Mandate.
- Demonstrate adaptability to ensure that the audit focus is maintained on key issues, under the guidance of audit senior management.
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