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- Tasks: Conduct audits and ensure compliance in financial services, focusing on fraud and risk management.
- Company: Join a leading financial service provider dedicated to serving 25 million customers with integrity.
- Benefits: Enjoy flexible working arrangements and a healthy work-life balance with only two office days per month.
- Why this job: Make a real impact in financial services while developing your skills in a supportive environment.
- Qualifications: Experience in audit or compliance within financial services; strong communication and analytical skills required.
- Other info: Opportunities for professional development and a chance to work with a dynamic team.
The predicted salary is between 36000 - 60000 £ per year.
Are you an audit and assurance professional who enjoys digging into the details and making a real difference in financial services?
Following the successful attainment of a contract with National Savings & Investments (NS&I), we are looking for an Audit & Assurance Specialist to join our growing team! Our aim is to become the UK’s largest and most trusted financial service provider, providing both contact centre and administrative solutions to help assist its 25 million customers!
This role plays a key part in delivering independent assurance and oversight of fraud and compliance-related activities across the NS&I account. You will conduct independent reviews, assessments, and challenges of business services and processes.
We recognise that work-life balance isn’t a luxury – it’s a necessity. We give employees the flexibility to help them achieve a healthier work-life balance and perform at their best. You will spend 2 days a month in our Lytham and London offices and for the most part, manage your own calendar.
What you will be doing:
- Evaluate and report on the efficiency of controls in place to ensure compliance with the UK regulatory environment. Including Consumer Duty, Treating Customers Fairly, the Money Laundering Regulations.
- Provide assurance over the design and efficiency of the Risk Management Framework. Aligning with regulatory expectations and best practices in compliance and Anti-Money Laundering processes.
- Perform assurance reviews on policy design and implementation across critical risk areas such as conflicts of interest, financial crime, whistleblowing, and compliance risk, ensuring frameworks remain current and effective.
- Test the efficiency of compliance, risk, fraud detection, and conduct screening procedures, identifying control weaknesses and recommending improvements to mitigate risk exposure and potential financial losses.
- Provide oversight and challenge during client audits and reviews, assessing preparedness, adherence to Terms of Reference, and the adequacy of responses to audit findings in collaboration with the Sopra Steria Financial Services Risk & Compliance Lead.
Ensure customer complaints and disputes are resolved in accordance with FOS guidelines, ensuring fairness, consistency, and timely resolution.
What you will bring:
- Professional experience in internal/external audit, risk or compliance, in a Financial Services or regulated services environment.
- A strong understanding of UK financial services regulation and guidance, including BCOBS (National Savings Bank environment), SYSC, FCA Conduct Rules, Consumer Duty, and PRIN.
- Excellent verbal and written communication skills, able to present findings clearly and credibly to senior leadership and clients.
- Sound knowledge of Anti Money Laundering, financial crime, and control environments, and a strong advocate for risk-aware behaviours.
- Familiarity with data analytics and the ability to underpin findings
- Working towards or holding relevant professional qualifications (e.g. CIIA, ISO Auditor, ICA Cert in Compliance/Risk).
Security Clearance: SC
Internal Recruiter: Rachel
Salary offered will be in line with experience and development needs.
Loved reading about this job and want to know more about us?
Our Specialist Private Sector team are experienced in a range of different markets including Banking, Insurance, Retail, Travel, Transport and Utilities. We help our customers develop, deliver and operationalise their digital transformation strategies. We work in true partnership with our customer, gaining a deep understanding of their business and technology issues.
Our capabilities and credentials across Private Sector markets enable the design, delivery and management of business transformation programmes. We help our clients respond to changing customer demands, keep ahead of the competition, and safeguard their systems from evolving business and technology risks.
The personal information we will need to collect from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by (
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Audit & Assurance Specialist - Financial Services employer: Sopra Steria - UK
Contact Detail:
Sopra Steria - UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Audit & Assurance Specialist - Financial Services
✨Tip Number 1
Familiarise yourself with the specific regulations mentioned in the job description, such as Consumer Duty and Money Laundering Regulations. This knowledge will not only help you during interviews but also demonstrate your commitment to understanding the role's requirements.
✨Tip Number 2
Network with professionals in the audit and assurance field, especially those who work in financial services. Engaging with industry peers can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss your experience with risk management frameworks and compliance processes in detail. Be ready to share specific examples of how you've identified control weaknesses and implemented improvements in previous roles.
✨Tip Number 4
Showcase your communication skills by practising how to present complex findings clearly and credibly. Consider conducting mock interviews with friends or mentors to refine your ability to articulate your thoughts effectively.
We think you need these skills to ace Audit & Assurance Specialist - Financial Services
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Audit & Assurance Specialist position. Familiarise yourself with key terms like compliance, risk management, and financial regulations relevant to the role.
Tailor Your CV: Customise your CV to highlight your professional experience in internal/external audit, risk, or compliance within the financial services sector. Emphasise your understanding of UK financial services regulation and any relevant qualifications you hold.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for audit and assurance. Mention specific experiences where you've made a difference in compliance or risk management, and explain how these experiences align with the goals of the company.
Highlight Communication Skills: Since excellent verbal and written communication skills are crucial for this role, provide examples in your application that demonstrate your ability to present findings clearly and credibly to senior leadership and clients.
How to prepare for a job interview at Sopra Steria - UK
✨Know Your Regulations
Familiarise yourself with UK financial services regulations such as BCOBS, FCA Conduct Rules, and Consumer Duty. Being able to discuss these in detail will show your understanding of the compliance landscape and how it impacts the role.
✨Demonstrate Analytical Skills
Prepare to showcase your experience with data analytics. Be ready to discuss how you've used data to identify control weaknesses or improve processes in previous roles, as this is crucial for the Audit & Assurance Specialist position.
✨Communicate Clearly
Practice articulating your findings and recommendations clearly and concisely. The ability to present complex information to senior leadership and clients is key, so consider examples where you've successfully done this in the past.
✨Showcase Your Experience
Be prepared to discuss your professional experience in internal/external audit, risk, or compliance. Highlight specific projects or challenges you've faced, particularly those related to fraud detection and compliance risk, to demonstrate your expertise.
