ISQM1 Testing Manager

Job title:

ISQM1 Testing Manager

Company

BDO

Job description

Ideas | People | TrustWe’re BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today’s changing world.We work with the companies that are Britain’s economic engine – ambitious, entrepreneurially-spirited and high‑growth businesses that fuel the economy – and directly advise the owners and management teams leading them.We’ll broaden your horizonsThe Quality and Risk Management Team (QRM) provides leadership, guidance, and tools to help partners and staff manage quality and risk matters. The team is comprised of an Advisory and Compliance Team, a Chief Information Security Office Team, an Economic Crime Team, a Legal Team including a Commercial & Contracts Team, the Independence and Ethics Team and the Regulatory Supervisory Team, plus the Quality Monitoring Team. The team works closely with the firm’s Technical Standards Group and the firm’s leadership.We’ll help you succeedLeading organisations trust us because of the quality of our advice. That quality grows from a thorough understanding of their business, and that understanding comes from working closely with them and building long-lasting relationships.You’ll be someone who is both comfortable working proactively and managing your own tasks, as well as confident collaborating with others and communicating regularly with senior managers, directors, and BDO’s partners to help businesses effectively. You’ll be encouraged to identify and draw attention to opportunities for enhancing our delivery and providing additional services to organisations we work with.*** Can be considered on a part-time basis (4 days/week) ***OverviewBDO continues to work on the enhancement of its system of quality management (SOQM) to support its desire to improve and sustain audit quality and drive a consistent quality standard across all areas of assurance work.The SOQM is part of compliance with the International Standard of Quality Management (UK) 1 (ISQM1) which was implemented as at 15 December 2022 and was evaluated for the first time during 2023. ISQM1 requires audit firms, including BDO LLP, to design and implement a system of quality management to ensure that the Firm and our personnel fulfil responsibilities in accordance with professional standards and other requirements and that reports issued are appropriate in the circumstances. ISQM1 also requires ongoing monitoring and an annual evaluation of the system of quality management under a reasonable assurance framework.The BDO ISQM1 team is responsible for supporting the SOQM in collaboration with the business owners in the firm, this includes undertaking risk assessments, control design and testing and evaluating inputs from across the firm to conclude on the annual evaluation of the SOQM.BDO is looking for an experienced and proactive Testing Manager to join our ISQM team. This role is crucial in ensuring the quality and integrity of our system of quality management processes and controls. You will be responsible for a range of activities including supporting process and control design, collaborating with business stakeholders to review quality risks, perform and conclude on the effectiveness of process walkthroughs and complete operational effectiveness testing.The Testing Manager will work closely with their dedicated ISQM Business Process Lead responsible for the achievement of the allocated Quality Objectives within their respective component area. The successful candidate will manage stakeholder relations in a collaborative manner whilst also providing subject matter expertise during testing.Responsibilities

• Schedule, plan and execute walkthrough testing of ISQM processes and controls.
• Conclude on process and control effectiveness and detail findings and actions to address any ineffective controls identified.
• Identify and report on areas of non-compliance and the associated impact to risks and the overall achievement of the quality objectives.
• Develop, agree and implement corrective action plans with business stakeholders.
• Manage and support a small team of share service resource.
• Prepare detailed reports on testing outcomes and present findings to the control owners, process owners and objective owners as required (this may include members of the firm’s leadership team).
• Provide subject matter expertise to enhance current processes and controls as part of the ongoing maturing of the quality framework.

Requirements

• Proven experience in process and control testing within ISQM or a related field such as Internal Audit or SOX.
• Strong understanding of quality management principles and standards, including updates to standards and how they impact the system of quality management.
• Ability to demonstrate problem-solving skills as part of your current or previous role.
• Delivery focused with an ability to manage multiple projects and meet deadlines. This includes being able to report on delays or blockers to the achievement of targets and the ability to develop plans to address issues.
• Strong communication and interpersonal skills. Both with internal team members and the wider business stakeholders, including senior leadership.
• Experience building relationships with stakeholders and collaborating to achieve the assigned objectives.
• Ability to work in a fast-paced, ever-changing, rapid-growth environment with multiple projects and tasks.
• Confidence to articulate complex issues clearly and credibly to a range of stakeholders including leadership.
• Strong networking skills and the ability to build relationships across the firm, developing strong rapport with key stakeholders to gain the confidence of Partners and other senior staff.
• Experience of working in a large professional services firm and an understanding of the regulatory environment is desirable.
• Prior experience leading and delivering continuous improvement initiatives to enhance quality processes and controls including the ability to manage complex projects and meet deadlines.
• Prior experience working in an Audit, Ethics Team or knowledge of the Ethical Standards and wider aspects of the Relevant Ethical Requirements ISQM Component would be advantageous.
• Professional qualification in a relevant field (e.g., ACA, ACCA) is preferred.

About YouYou are a free-thinking, savvy professional who is passionate about risk and quality management. You thrive in a dynamic environment, take a leading role in influencing others to implement actions that contribute to the success of the firm and you are committed to delivering exceptional client service. Your ability to see things from a fresh perspective and your straightforward, human approach make you a perfect fit for our team.Why Join Us?At BDO, we are redefining service quality for our sector. We offer a seamless, agile, and flexible working environment where you know what you will get — delivered by people, not process. Join us and be part of a team that sets the standard for client service, delivering our best day, every day.You’ll be able to be yourself; we’ll recognise and value you for who you are and celebrate and reward your contributions to the business. We’re committed to agile working, and we offer every colleague the opportunity to work in ways that suit you, your teams, and the task at hand.At BDO, we’ll help you achieve your personal goals and career ambitions, and we have programmes, resources, and frameworks that provide clarity and structure around career development.We’re in it togetherMutual support and respect is one of BDO’s core values and we’re proud of our distinctive, people-centred culture. From informal success conversations to formal mentoring and coaching, we’ll support you at every stage in your career, whatever your personal and professional needs.Our agile working framework helps us stay connected, bringing teams together where and when it counts so they can share ideas and help one another. At BDO, you’ll always have access to the people and resources you need to do your best work.We know that collaboration is the key to creating value for the companies we work with and satisfying experiences for our colleagues, so we’ve invested in state-of-the-art collaboration spaces in our offices. BDO’s people represent a wealth of knowledge and expertise, and we’ll encourage you to build your network, work alongside others, and share your skills and experiences. With a range of multidisciplinary events and dedicated resources, you’ll never stop learning at BDO.We’re looking forward to the futureAt BDO, we help entrepreneurial businesses to succeed, fuelling the UK economy. Our success is powered by our people, which is why we’re always finding new ways to invest in you. Across the UK thousands of unique minds continue to come together to help companies we work with to achieve their ambitionsWe’ve got a clear purpose, and we’re confident in our future, because we’re adapting and evolving to build on our strengths, ensuring we continue to find the right combination of global reach, integrity and expertise. We shape the future together with openness and clarity, because we believe in empowering people to think creatively about how we can do things better.#LI-SS3

Expected salary

Location

London

Job date

Sat, 18 Jan 2025 01:49:52 GMT

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