Senior Manager TSG - ISQM1
BDO
London
4d ago

BDO LLP is an accountancy and business advisory firm, we provide integrated advice and solutions to help businesses navigate a changing world.

Our clients are Britain’s economic engine ambitious, entrepreneurially-spirited and high growth businesses that fuel the economy.

We share our clients’ ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed.

BDO LLP operates in 17 locations across the UK, employing 5,000 people offering tax, audit and assurance, and a range of advisory services.

BDO LLP has revenues of £590m and is the UK member firm of the BDO International network. The BDO global network provides business advisory services in 162 countries, with 80,000 people working out of 1,500 offices worldwide.

It has revenues of $9bn.

Overview

The Quality and Risk Management (QRM) Team provides leadership, guidance and tools to help partners and staff manage quality and risk matters so they can win and retain profitable clients.

The team is comprised of three partners and twelve members of staff.

Proposed International Standard on Quality Management 1 ISQM1 is expected to be issued during 2020 and will replace the extant International Standard on Quality Control (UK) 1.

This is a new approach to quality control at the firm level, with an emphasis on responsibility of firm leadership for proactively managing quality.

It therefore represents a significant change in which audit firms in the UK, and globally, manage quality risks. It is expected that there will be at least an 18 month implementation period meaning it will come into effect at the end of 2021.

The role encompasses the project management of the design and development of the objectives and risk frameworks, policies and guidance for the UK firm that will meet the requirements of ISQM1.

The individual will work with both the ISQM1 steering committee (comprising a group of experienced partners from across the firm) and the BDO Global working groups.

The role involves significant interaction with senior members of the firm both in the UK and globally and will provide an insight into the functioning of a large professional services firm.

The individual will work closely with experienced Quality and Risk Management partners and there will be the opportunity to develop their knowledge and understanding of enterprise risk management in a regulated business.

Responsibilities

  • Support the ISQM1 steering committee and component working groups with project management
  • Assisting in the design and development of objective and risk frameworks, policies, procedures and guidance for the UK firm, supplementing BDO Global policies where required.
  • Assisting in liaising with senior leadership and senior individuals throughout the firm to develop action plans and monitor those action plans.
  • Assisting in the mapping of the firm’s procedures, processes and controls to ISQM1 requirements and identification of gaps and subsequent monitoring to ensure that gaps are addressed.
  • Assisting in documenting and reviewing detailed control descriptions and providing input to control design where required.
  • Assisting in liaising with the BDO Global working groups to feedback the UK’s approach to ISQM1 implementation and gathering information on the implementation plans of both Global and the other leading BDO firms around the world.
  • Ensuring that all other regulatory and legal requirements are incorporated into policies and processes required by ISQM1.
  • Monitoring changes in regulation in relation to audit firm governance and other quality standards in order to ensure that ISQM1 policies and procedures are reconsidered and revised as appropriate.
  • Helping to define best practice on quality and risk related matters.
  • Assisting in the development and delivery of ISQM1 related training.
  • Special projects as determined by the Head of the QRM Team.
  • Requirements

  • Business thinking : The ability to understand the firm’s business strategy and goals and develop solutions aligned to these.
  • The ability to interpret regulations and to determine practical and effective ways of complying with them. The candidate will have a good understanding of the accountancy sector and the regulatory environment together with a good understanding of risk management principles, methodologies and internal controls.

  • Communicating : Strong written and verbal communication skills coupled with strong interpersonal skills.
  • Collaborating : The ability to build relationships across the firm and gain the confidence of partners.
  • Decision making : The ability to investigate and resolve problems.
  • Developing self and others : An awareness of and an interest in deepening your knowledge of the current regulatory environment.
  • Energy and enthusiasm and a willingness to share your knowledge and experience with others.

  • Innovating and change The ability to develop ideas, challenging the status quo as appropriate and consult with others to produce viable solutions.
  • BDO has a commitment to building relationships directly with candidates (and agencies) in our local markets and as such, we do not accept speculative CVs from agencies.

    We work closely with our preferred suppliers to support us in sourcing quality candidates but we only pay agency fees where we have a signed agreement in place and an agency has been instructed by a member of the BDO Resourcing team.

    We do not pay agency fees where speculative and unsolicited CVs are submitted to BDO by any means other than through our recruitment portal.

    For any CVs which are submitted without instruction from the BDO Resourcing team, BDO reserves the right to contact and work directly with these candidates without payment of any agency fee.

    Apply
    My Email
    By clicking on "Continue", I give neuvoo consent to process my data and to send me email alerts, as detailed in neuvoo's Privacy Policy . I may withdraw my consent or unsubscribe at any time.
    Continue
    Application form