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- Tasks: Lead a team ensuring compliance with auditor independence rules and manage personal independence projects.
- Company: Join EY, a global leader in assurance, tax, transaction, and advisory services.
- Benefits: Enjoy a diverse work environment, professional development opportunities, and potential remote work options.
- Why this job: Be part of a crucial team during significant regulatory changes, making a real impact in the audit profession.
- Qualifications: Experience at Manager/Senior Manager level with strong knowledge of independence regulations required.
- Other info: Opportunity to mentor and coach team members while liaising with global teams.
The predicted salary is between 48000 - 84000 £ per year.
Personal Independence – Senior Manager – London/Leeds
The opportunity
The UK Independence Team that forms part of the Risk Management (RM) Group of EY UK, currently has a permanent vacancy for a Personal Independence Senior Manager. This is a great opportunity to join a wonderful and diverse team, very much central to the firm, at a time of significant regulatory change within the UK audit profession.
Team /Department
The Independence Team is responsible for ensuring EY UK and Ireland maintain compliance with auditor independence rules and regulations imposed by external regulatory bodies (e.g., UK Financial Reporting Council, US Securities and Exchange Commission, The Irish Auditing & Accounting Supervisory Authority, the International Ethics Standards Board for Accountants) and by EY in relation to the conduct of the firm’s auditing business. This also includes ensuring that new audit clients and engagements can be accepted by the firm and do not result in an ethical or regulatory conflict.
Your key responsibilities
Your primary responsibility will be to ensure that the EY partners and client facing professionals comply with the relevant personal independence rules and regulations. This will include managing a small team of managers and junior staff with assisting our partners and client facing professionals with personal independence matters. You will also be expected to manage various personal independence projects and processes. Key responsibilities will include:
- Advising on a broad range of personal independence, investment product and pension consultations
- Overseeing and monitoring our systems, processes and procedures ensuring that we are meeting our requirements and delivering quality at the highest levels.
- Leading the partner and employee personal independence audit testing process, liaising with the individuals and reviewers involved, analysing results and any resulting matters to address
- Managing the resolution, documentation and communication of potential personal independence breaches
- Key relationship contact for Partner Matters and Talent with regard to onboarding for new partners and employees
- Identifying trends and hot topics requiring further guidance and training
- Supporting the UK Independence Leader and Directors on independence related initiatives/campaigns
- Liaison with UK Firm Communications Team to ensure appropriate messaging to ensure compliance with Independence obligations
- Supporting UK Independence Leader and Directors with the preparation of matters to be reported to the UK LLP Board and other governance bodies
- Liaison with EY Global Independence Team
- Responding to regulatory requests and findings from practice reviews by preparing appropriate reports and action plans, followed by implementation of the proposed actions.
- Setting clear targets and monitoring performance and progress against timetable.
- Coaching / mentoring / managing members of the Independence Team
- Provide training/support to offshore colleagues in EY overseas ‘shared services centres’ in respect of outsourced independence activities, including development of new service offerings, reviewing the output/quality of work they produce and providing feedback as required
Experience and Skills Required:
EXPERIENCE
Desired
- Independence professionals with significant previous experience at Manager / Senior Manager level
- Experience of managing a team
Considered
- Individuals with professional qualifications and a strong working knowledge of the concept of Independence and the UK FRC Ethical Standard
- Individuals with other significant risk management/regulatory/compliance experience
SKILLS
The role holder will be expected to have the following attributes:
- Strong communicator with colleagues at all levels including delivering tough messages to senior leaders within the firm
- Ability to build strong working relationships
- Strong analytical and interpretation skills with excellent attention to detail
- Ability to think strategically and handle complex concepts
- Proactive and capable of working using own initiative
- Proven leadership and team management skills
- Adaptable and flexible with good team working skills and the ability to multi-task
- Strong project management skills and proficiency at driving projects to a close
- Ability to work to pre-determined deadlines and meet objectives under pressure
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Personal Independence - Senior Manager - Permanent - London/Leeds employer: Iris Software
Contact Detail:
Iris Software Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Personal Independence - Senior Manager - Permanent - London/Leeds
✨Tip Number 1
Familiarise yourself with the latest regulations and standards related to auditor independence. Understanding the nuances of the UK Financial Reporting Council and other regulatory bodies will give you an edge in discussions during interviews.
✨Tip Number 2
Network with professionals in the risk management and compliance sectors. Attend industry events or webinars where you can meet current employees from EY or similar firms, as personal connections can often lead to job opportunities.
✨Tip Number 3
Prepare to discuss your leadership experience in detail. Since the role involves managing a team, be ready to share specific examples of how you've successfully led projects or teams in the past, highlighting your ability to mentor and coach others.
✨Tip Number 4
Stay updated on current trends and hot topics in the field of independence and compliance. Being able to discuss these during your interview will demonstrate your proactive approach and genuine interest in the role.
We think you need these skills to ace Personal Independence - Senior Manager - Permanent - London/Leeds
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Personal Independence Senior Manager position. Understand the key responsibilities and required skills to tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise your previous experience in risk management, compliance, or independence roles. Provide specific examples of how you've successfully managed teams and projects related to personal independence.
Showcase Your Skills: Clearly demonstrate your strong communication, analytical, and project management skills in your application. Use concrete examples to illustrate how you have effectively communicated with senior leaders and handled complex concepts.
Tailor Your Cover Letter: Craft a personalised cover letter that addresses the specific requirements of the role. Mention your understanding of the regulatory landscape and how your background aligns with the needs of the EY UK Independence Team.
How to prepare for a job interview at Iris Software
✨Understand the Role Thoroughly
Before your interview, make sure you have a solid grasp of the responsibilities and expectations for the Personal Independence Senior Manager position. Familiarise yourself with the key regulations and compliance standards relevant to the role, as well as EY's specific practices.
✨Showcase Your Leadership Skills
As this role involves managing a team, be prepared to discuss your leadership style and provide examples of how you've successfully led teams in the past. Highlight any experience you have in coaching or mentoring others, as this will be crucial for the position.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your problem-solving abilities and ethical judgement. Think about potential conflicts of interest or regulatory challenges you might encounter and how you would address them effectively.
✨Demonstrate Strong Communication Skills
Effective communication is key in this role, especially when delivering tough messages to senior leaders. Practice articulating your thoughts clearly and confidently, and be ready to discuss how you build relationships with colleagues at all levels.
