Professional Practice Directorate (PPD) - Manager - FSO Assurance

This role can be full time or part time

The Financial Services Assurance practice in the UK has over 1700 professionals delivering external audit and other assurance services to clients within the financial service industry.  Our professionals offer a wide range of services across Audit, Financial Accounting Advisory Services (FAAS), Extended Assurance (EA) and Fraud Investigation & Dispute Services (Forensics). The UK practice is part of EMEIA FSO which operates across 19 countries and encompasses more than 14,000 staff across all services lines. 
 
The Risk Management team is responsible for ensuring the firm’s compliance with the rules and regulations imposed either by external professional regulatory bodies or by EY Global in relation to the conduct of the firm’s assurance business in the financial services industry. 

The opportunity

The Professional Practice Directorate (PPD) is responsible for leading the maintenance and enhancement of quality in the assurance practice.  This is achieved by keeping the firm up to date on assurance and audit matters, both external regulatory issues and internal developments, by developing and communicating relevant guidance and policies and by performing a consultation role to client teams. 

This PPD manager will play a vital role in supporting the practice in achieving its quality and risk management ambitions, against the backdrop of an ever-changing FS market place and regulatory environment.  This is an exciting opportunity to improve audit quality across the UK firm.  

We are looking for a proactive and pragmatic individual who can support the practice as well as develop initiatives and implement them into the practice.  

Key responsibilities

• Responding to questions from individual audit teams on the application of the firm’s auditing methodology and risk management policies
• First level review of formal PPD consultations on significant auditing issues (such as accounts prepared on a basis other than going concern, financial statements prepared on different GAAP/GAAS basis)
• Review of acceptance and continuance of clients and engagements
• Review of audit team rotation papers and compliance with rotation policy
• Making updates to financial service specific enablers and templates to reflect changes in methodology or regulatory guidance
• Reviewing and challenging risk management and regulatory reporting.
• Other audit quality/ risk management projects which may arise on an ad hoc basis, such as assisting in the organisation of the firm’s annual audit quality review process

Skills and Experience

• Chartered accountant (or equivalent)
• Excellent communication skills
• A reasonable knowledge of current assurance quality and risk management issues and understanding of recent accounting developments 
• Experience of managing and delivering Assurance engagements, preferably in an FS environment
• Strong organisational and project management skills, including the ability to plan ahead and manage your time 

To qualify for the role you must have

• An accounting qualification coupled with membership of a recognised institute 
• A good knowledge of IFRS and UK Auditing standards (ISA (UK))
• Experience in a similar role or recent experience of auditing of UK listed companies/other major entities
• Good organisational, project management and time management skills with a strong focus on delivering results including an ability to plan ahead and anticipate problems

Ideally, you’ll also have

• Experience in an FS environment or within a Big 4 professional services firm

What we look for
A highly motivated individual who takes ownership of the role and makes a positive contribution to managing the firm’s risk.

What working at EY offers 
We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:
 

• Support, coaching and feedback from some of the most engaging colleagues around
• Opportunities to develop new skills and progress your career
• The freedom and flexibility to handle your role in a way that’s right for you

 
EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.

About EY
As a global leader in assurance, tax, transaction and consulting services, we’re using the finance products, expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime
 
If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.
 
Join us in building a better working world. 
 
Apply now.