Internal Auditor / Senior Internal Control Officer

Location:
Head Office in Birmingham

Salary:
£35,000 per annum, depending on experience

About the Company:

BSEL operates through an extensive network of independent retail money transfer agents, with over 250 based in the UK and c.300 more partnered with the company's European business units. The company has an aggressive plan to expand across Europe over the next few years whilst maintaining its commitment to increasing financial inclusion.

We don't focus simply on what we do - we also care how we do it. Our values and the way we behave are important to us.

We offer excellent career progression - there are great opportunities for employees to seek new challenges and work in different areas of the organisation.

The role is based at the Birmingham HO, however you may occasionally be required to work at other locations anywhere in the United Kingdom, for example to undertake audits.

Purpose of the Internal Auditor / Senior Internal Control Officer role:

To help BSEL accomplish its objectives by bringing a disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. You could be required to work on assessing the adequacy and effectiveness of any area of operation across BSEL, but are likely to focus on the ongoing review of core internal controls. You will remain impartial and independent in conducting your work, following the guidance of your line manager in how to accomplish this effectively. The job requires you to be a highly competent professional, capable of making a significant contribution to the success and strategic direction of BSEL through being an independent voice to leadership. You will be required to provide challenging and sometimes provocative insights into risks and internal controls. You will work within the Risk team and supporting the risk function to develop your domain knowledge. Primarily in undertaking each audit, you will assess the identification of management and control of risk, completing the audit work within planned timescales and in compliance with quality requirements. The role will also manage relationships with key stakeholders across the business and with other team members, upholding ethical behaviour and integrity at all times.

Reporting to: Head of Risk & Internal Control

Internal Auditor / Senior Internal Control Officer

Responsibilities:

• Reviewing internal control remediation plans to ensure existence, efficiency and effectiveness
• Maintaining internal controls and compliance obligation framework to ensure full compliance to relevant policies, procedures and regulations
• Regulatory research by reviewing regulatory bulletins/relevant statutes and other sources of information.
• Post transaction analysis and audit to ensure compliance to internal procedure and best practices
• Monitoring compliance activities conducted by the 2nd line of defence to ensure the processes are being adhered to and identifying areas of improvement
• Review and analysis through random sampling of agent files to ensure KYC due diligence is being appropriately applied and identifying discrepancies
• Preparing reports by collecting, analysing, and summarising information
• Maintaining rapport with compliance service providers by arranging continuing contacts; resolving concerns.
• Maintaining appropriate professional and technical knowledge
• Maintaining a high level of trust and credibility for the company with partners and customers
• Other duties as reasonably required

Internal Auditor / Senior Internal Control Officer Requirements:

• Experience in internal or external audit is required
• Experience in a regulated compliance environment, ideally a financial institution, is desirable plus
• Project management skills (e.g. organisation of multiple tasks, managing time and priorities, respect deadlines, etc.)
• Analytical skills to understand and document processes
• High level of accuracy and attention to detail essential
• Ability to communicate clearly with a wide audience
• Collaborative, positive approach
• Team worker with ability to develop, maintain and strengthen business relations
• Good MS Excel and report writing skills
• Comfortable in a multi-cultural environment
• Ability to work in a fast-paced and often pressurised environment to strict deadlines

If you think that you are suitable for this Internal Auditor / Senior Internal Control Officer role, please apply now!