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- Tasks: Lead internal audits and risk assurance for financial services clients while managing a dynamic team.
- Company: Join RSM, a leading consulting firm driving growth with innovative solutions for middle market clients.
- Benefits: Enjoy flexible working, bespoke training, and opportunities for career development in a diverse environment.
- Why this job: Make a real impact in a supportive culture that values diversity and empowers your career path.
- Qualifications: Extensive experience in professional services, with strong audit skills and knowledge of financial regulations.
- Other info: Travel across the UK is required; be a brand ambassador for RSM while building client relationships.
The predicted salary is between 43200 - 72000 £ per year.
Consulting brings together multiple teams across Transactions, Risk & Consulting, ABA, and Outsourcing to provide client-centric solutions for RSM's current and future clients within the middle market. Our Consulting team has a major role to play in driving forward the growth of the firm with over 1,700 people delivering almost £200m revenue. At the heart of Consulting are the six solutions we offer our clients: business transformation, deal services, finance function support, risk and governance, forensic and investigation services, and restructuring. Our solutions create an enhanced tailored approach to support our clients in achieving their strategic goals and empower our people to make an impact and develop their own unique career path.
This role sits in the Financial Services Risk Assurance (FSRA) team, which is part of the wider Risk Assurance Services faculty. The role-holder will support the Client Management Team in the day-to-day delivery of internal audit and wider risk assurance services to a portfolio of financial services clients. The management activities will require the individual to travel in the UK.
Overall job purpose
In delivering internal audit and risk assurance services, the role-holder will be a strong ambassador for the RSM brand, promoting brand awareness and upholding high ethical standards of business that protect the brand, the UK firm, its staff and its clients.
Responsibilities
- Staff Management
- Resource planning to ensure all client engagements are adequately resourced in a timely manner.
- Providing bespoke training programmes for junior staff.
- Managing staff utilisation figures.
- Client Delivery
- Oversee delivery of client work as part of the engagement delivery team, being a recognised RSM Manager for client engagements.
- Agreeing engagement scopes with clients.
- Overseeing client delivery by team members.
- Quality assurance reviews of internal audit files and reports.
- Effective stakeholder engagement and relationship management.
- Financial
- Manage internal audit contracts and individual reviews in line with the agreed budgets.
- Billing, invoicing and recovery management.
- Business Development
- Assist the Partner in business development initiatives, including being involved in tender presentations and visits to target clients and networking at various events to build the RSM brand.
- Contribution to wider FS faculty
- Contribute to the firm wide FS faculty through cross referral of opportunities to other service lines and disciplines.
- Playing full role in FS sector groups and initiatives.
- Joint targeting with other service lines.
Requirements
Extensive practical experience of working in an equivalent position in a professional services firm or large in-house function within industry. Technically proficient in executing and leading audits in accordance with IIA standards and the standards on effective audit in financial services across several of the following areas, such as:
- Regulatory reporting (COREP/FINREP)
- Client Money and Assets (CASS)
- CRD IV
- MIFID II
- Recovery & Resolution Planning (RRP)
- ICAAP and Pillar 3 reporting
- Senior Managers & Certification Regime
- FCA Systems and Controls - especially in relation to Compliance and Risk Management Frameworks
- Governance
- Conduct Risk Management
The role holder will have extensive experience of working in different financial services sectors, such as:
- Insurance
- Banking
- Alternative Finance / Lending
- FX Trading
- Investment Management and funds
- Asset Management
- Broker/dealers and Prop traders
- Investment banking and stockbroking
Diversity and Inclusion at RSM
At RSM, we want to create a strong sense of belonging so that people of all identities, backgrounds, and cultures feel they can bring their true self to work. Our clients come from all walks of life. We aim to achieve that same diversity of background, experience and perspective in our own teams, so that we can genuinely understand our client's needs. Diverse teams bring a broader range of ideas and insights to work. That's why we're working together to ensure our firm's principles and processes support a firm culture that embraces difference and strengthens inclusion.
At RSM we work hard to create an environment where our people can make a difference - to themselves, their career, their teams, and to the success of our firm and clients. We support all our people to work flexibly, to manage their family and other responsibilities alongside their work commitments; we believe this is key to achieving an inspiring and fulfilling working environment.
Principal Consultant employer: RSMUK
Contact Detail:
RSMUK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Principal Consultant
✨Tip Number 1
Familiarise yourself with the key areas of financial services risk assurance mentioned in the job description, such as regulatory reporting and compliance frameworks. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with current or former employees of RSM, especially those in the consulting or financial services sectors. Engaging in conversations can provide valuable insights into the company culture and expectations, which can be beneficial during your application process.
✨Tip Number 3
Prepare to discuss your experience in managing client relationships and delivering audit services. Be ready to share specific examples that highlight your ability to oversee projects and ensure quality assurance, as these are crucial aspects of the Principal Consultant role.
✨Tip Number 4
Showcase your understanding of RSM's commitment to diversity and inclusion. Think about how your unique background and experiences can contribute to a diverse team and align with the firm's values, as this can set you apart from other candidates.
We think you need these skills to ace Principal Consultant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in internal audit and risk assurance services. Emphasise your technical proficiency in executing audits according to IIA standards, especially in financial services.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of RSM's values and the importance of diversity and inclusion. Mention specific examples of how you've contributed to team success and client satisfaction in previous roles.
Highlight Relevant Skills: In your application, focus on skills that align with the job description, such as resource planning, stakeholder engagement, and business development. Use concrete examples to demonstrate these skills in action.
Showcase Your Industry Knowledge: Discuss your extensive experience in various financial services sectors, such as banking or investment management. This will show your potential employer that you understand their clients' needs and can provide tailored solutions.
How to prepare for a job interview at RSMUK
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the Principal Consultant role and its responsibilities. Familiarise yourself with the key areas such as internal audit, risk assurance services, and client management to demonstrate your knowledge during the interview.
✨Showcase Your Experience
Prepare to discuss your extensive experience in financial services and how it relates to the role. Highlight specific projects or audits you've led, especially those that align with RSM's focus areas like regulatory reporting and compliance.
✨Emphasise Team Management Skills
Since the role involves staff management and training, be ready to share examples of how you've successfully managed teams in the past. Discuss your approach to resource planning and how you ensure high-quality delivery in client engagements.
✨Demonstrate Business Development Acumen
RSM values business development, so prepare to talk about your experience in this area. Share any successful initiatives you've been part of, such as tender presentations or networking events, and how they contributed to brand growth.
