Reporting line: Head of Audit Hub / Country Head, Ireland

The Head of Internal Audit, Ireland is responsible for:

1. Risk Assessment / Audit Plan
• Undertake risk assessment of relevant auditable entities & propose updates to the risk assessment framework (macro & micro domains).
• Propose a rating for the level of risk attached to each auditable entity.
• Assist the head(s) of the auditable area(s) with developing a risk based audit schedule.

2. Interaction with management and all internal and external control units (local & central).
• Develop the relationship of the Audit department with operational managers / Audit Committees.
• Discuss risk evolution & new developments of related departments.
• Propose indicators and reporting related to areas covered pertinent to assess their risk.
• Ensure that indicators are followed and up-date the risk assessment accordingly.
• Present and discuss with operational managers / Audit Committees on risk assessment, audit plan, recommendation follow up and audit reporting. (Including annual audit reports to the audit committees and companies subject to Solvency II requirements).
• Attend / participate in relevant management meetings. At present this includes:
UK Region;
Internal Control Committees (Funds Services; Territory Compliance and Internal Control Committee);
Dublin COO team meetings.• Maintain an oversight of all relevant / allocated entities within Ireland,including those for which the position holder is formally named as the “Head of Internal Audit” pre-approved controlled function (PCF), under the CBoI’s Fitness & Probity Standards.

3. Lead audit reviews (in adherence with guidelines)
• Draft announcement memo.
• Organise the team of auditors for reviews assigned.
• Build and monitor the audit program.
• Draft the audit report.
• Present the conclusions of the review to operational management.

4. Participate in audit reviews (in adherence with guidelines)
• Assess the risk on a given perimeter and participate in audit programme / test compilation.
• Perform testing.
• Contribute to the report and review feedback.

5. Follow up internal audit recommendations
• Monitor recommendations’ implementation status, and close where necessary.
• Maintain a full audit trail over follow-up work performed.

6. Perform or participate in control related ad-hoc projects and investigations
• Quality assurance reviews, drafting / review of procedures, investigation of incidents.

The successful candidate is likely to be a qualified ACA with an audit background in Financial Services - c.5-10 years' PQE