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Manager - Audit Portfolio Risk, MI and Reporting

Date: Feb 16, 2021

Location: London, United Kingdom

Company: KPMG UK

Role and Responsibilities

This is a pivotal role in the Firm’s Audit Risk Management team, supporting a team of senior managers and the Head of Audit Risk Operations in driving a step change in the efficiency and effectiveness of the core operational activities, whilst also supporting engagement teams with risk consultation queries across a range of topics and issues.
The role will support the wider Audit Risk Management team in consultations and queries from engagement teams and a wide range of project initiatives whilst certain responsibilities will be specific to each of the three areas noted above.

Consultations & queries

You will be part of the Audit Risk Operations team, managing risk consultations and approvals for audit engagement team in line with the Firm’s policies and procedures.

Projects and change initiatives

— Provide support to a wide range of projects and change initiatives within and outside of Audit Risk, ranging from process improvement within Audit Risk to supporting Firm-wide change programmes.

Consultations and queries

— Handle approvals for and consultations with teams in the Audit Capability, applying judgment and making decisions within a framework for approval and escalation

Coaching & mentoring

— Provide coaching and mentoring support for junior members of the Audit Risk Management team.

Management Information and Portfolio risk

— Working closely with the Head of Risk MI and Reporting, develop and prepare ad hoc MI and risk reporting to Audit Leadership and Audit Board/Executive (such as monthly risk register, CRO update papers) to ensure that the suite of MI and reporting meets the requirements of the business, is value-added and fit for purpose
— Working closely with the Head of MI and Reporting, manage the Enterprise Risk Reporting process for Audit Executive, providing support and guidance to risk owners (members of the Audit Executive)
— Act as Audit’s main point of contact for the Firm-wide development of the Governance, Risk and Compliance (“GRC”) tool
— Act as the point of contact with KGS and overseeing the production of the data underlying the Market Based Risk Report, and MI and risk reporting from a number of IT systems, such as Microsoft Dynamics, on a monthly/quarterly basis (as required)
— Prepare the monthly Market Based Risk Report used in the Alt Risk & Quality Sub-Committee meetings
— Attend the monthly ALT Risk & Quality Sub-Committee meetings, documenting the minutes, including actions coming out from the meeting, and following up on the actions
— Work closely with other teams in KBS/ACE/Audit including Audit Quality, Risk Panel, 2LD, DPP Accounting & Reporting, Ethics and Independence, to obtain data/input into various risk reporting.

Managing the work of up to two Assistant Managers and four administrators across various work-streams and reporting via the Audit Risk leadership team to the Chief Risk Officer for Audit, the role will include interactions with senior leadership in the Office of General Council (“OGC”), Audit and Risk, and engagement teams.
This is a role with impact across the Audit Capability Group and OGC, with accountability for significant projects within audit risk management. It may include preparation of reports and risk registers for senior leadership

Experience and Background

Essential
— Awareness of the different types of service delivered out of audit firms and the key differences between financial statement audit and key non-audit services
— Experience of managing audit or assurance engagements
— Decision making around engagement acceptance at manager level or above in an audit practice in audit or other professional services engagements
— Understanding and documenting policies, processes and controls, identifying weaknesses and making and implementing recommendations
— Identifying and reporting on trends in data
— Project management of multiple workstreams alongside unpredictable consultation workload
— Able to get to grips with technical content including law, regulation, assurance standards, contracts and policy and recommend how to apply to practical scenarios
— Confident in exploring opportunities with engagement leaders
— Awareness of the nature and effect of key clauses in professional services contracts
Desirable
— Experience of delivering a range of services at manager level or above within an audit practice, for example non-financial assurance, grant reporting and agreed-upon procedures
— Experience of drafting and agreeing scope of work, liability and release of report sections in professional services contracts and hold harmless agreements
— Experience of performing risk assessments, scoring risks and preparing risk registers

Qualification and Skills

— Recognised accountancy qualification
— Leadership
— Team working
— Project management
— Written and spoken communication
— Negotiation


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