Audit Quality - Audit Stream Risk Management Financial Services and Quality Manager

Ideas | People | Trust We’re BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today’s changing world.

We work with the companies that are Britain’s economic engine – ambitious, entrepreneurially-spirited and high‑growth businesses that fuel the economy – and directly advise the owners and management teams leading them.

We’ll broaden your horizons Audit quality is central to our strategy as an Audit Stream, the key ingredient to our success. Consistent high audit quality enables us to attract, develop and retain talented people and be proud of our work. Audit quality allows us to compete in the market and demonstrate that we can play a key role in market reform.

Consistently high audit quality does not happen by chance. It requires a mindset and culture of challenge and professional scepticism, appropriate resources both people and intellectual, investment in central support for engagement teams and technology solutions. Within the last year we have increased our headcount significantly, invested in new partners, and commenced a significant investment programme in our central quality support team.

We’ll help you succeed The work we do is underpinned by quality. We deliver audits which are trusted and transparent which can be relied upon by companies and their stakeholders.

You’ll be someone who is comfortable working pro-actively and, managing your own tasks, as well as confident collaborating with others and communicating regularly with Senior Managers, Directors, and BDO’s Partners. You’ll help deliver accurate and transparent reporting to all relevant stakeholders as you provide long term value. This is an opportunity for talented, high performing and ambitious manager to join the Audit Stream Risk Management team in the Audit Quality Department (AQD), focussing on financial services entities, in an exciting period and help to shape the role and the expanding team.

The successful candidate will have experience in managing FCA regulated audits and CASS audits, understands the regulatory challenges within the sector and has the ability to apply a financial services lens to managing risk and quality. The role will be primarily based in the Baker Street Office in London although some visits to other offices may also be required.

Main responsibilities will be:

Managing and supporting with the delivery of key projects which entails writing new or enhanced technical guidance and policies relevant to FCA and CASS, proposing changes to the audit tool, and providing input to training

Managing and supporting audit stream risk management initiatives relating to FCA authorised entities and CASS audits

Supporting the development of horizon scanning and pre-emptive consideration to integrate new regulatory landscapes in relation to FCA and CASSDeveloping training to enhance engagement teams understanding of relevant FCA and CASS regulations and risk management practices

Providing input to licencing decisions regarding FCA regulated entities

Supporting the development of our system of quality management by improving processes and controls and the documentation of these

Support on ad hoc projects and audit quality initiatives led by the wider Audit Quality Directorate.

You’ll be someone with

ACA or similar professional accountancy qualification.

Practical experience of FCA regulated entity audits.

Experience of CASS audits is useful but not essential.

Ability to be objective and sceptical and to have confidence to challenge more senior members of an audit team.

Ability to work both independently and collaboratively as part of a small team and able to use own initiative.

Attention to detail ensuring accuracy and thoroughness in all work.

Excellent communication skills, both written and verbal, including an ability to convey complex information clearly and concisely.

Digital first mindset to improve processes by automation where possible.

Takes personal responsibility and accountability for own work.

An understanding of the FCA regulatory regime and requirements is useful but not essential.

Experience of training material development and delivery…