The Audit/Compliance Manager assists in the design and administration of audit policy and procedure. Oversees the auditing of accounting and financial data of various departments within an organization. Being an Audit/Compliance Manager coordinates projects with external auditors. Writes reports on how to improve finance, operation, and management processes and systems. In addition, Audit/Compliance Manager may require a bachelor’s degree. Typically reports to top management. The Audit/Compliance Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Working as an Audit/Compliance Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.
Audit & Compliance Manager Job Description Template
Our company is looking for a Audit & Compliance Manager to join our team.
Responsibilities:
- Undertaking Training and Competence activities with staff;
- Providing compliance advise and support on projects;
- Ensure audit file submitted for Manager sign off is complete in line with standards and regulations;
- Acquire a working knowledge of the client’s business;
- Deal with fee queries and collection of outstanding debtors;
- Manage, train and mentor less senior employees;
- Managing a register of regulatory returns and notifications;
- Ensuring adequate and effective controls are in place to mitigate against regulatory, reputational, legal and operational risks;
- Manage, coordinate and delegate client work to a team member with an appropriate level of capability;
- Maintaining an up to date knowledge and understanding of regulatory policies;
- Identify and develop new client opportunities. Develop strong relationships internally and externally to leverage work opportunities;
- Strong leadership, management and co-ordination of the audit team to ensure deadlines and budgets are adhered to;
- Perform other job-related duties as necessary;
- Providing compliance support to the firm and its staff;
- Identifying potential areas of compliance vulnerability.
Requirements:
- Educational attainment at degree level useful but not essential;
- Very strong attention to detail: demonstrate an awareness of the immediate and the wider implications when applying regulation in practice;
- Ability to work with and at board level;
- Embracing change: should be adaptable to the changing requirements of the regulations and be keen to develop new skills;
- Commitment & enthusiasm: should have a desire to see the firm succeed;
- Commercial Awareness: must be mindful of the commercial objectives of the firm when delivering compliance assistance;
- Relevant General Insurance or Financial services background within Compliance is essential;
- Time management: must be able to prioritise and manage time and tasks effectively;
- Individual working: must be able to work under own initiative identifying when referral needs to be made;
- Technical Knowledge: must have a working knowledge of commercial insurance products.