Governance

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Our governance team was established to unite our compliance, risk and internal audit offering under one banner. We work collaboratively with our client’s different business lines in order to provide specialised and catered services, understanding how each CRO, CCO or CIAO likes to establish their department.

Our consultants are experts in their fields and work alongside their clients who operate in a variety of industries including commerce and industry, global banking institutions, asset managers, money services businesses, consumer credit and challenger banks as well as professional consultancies.

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Financial Control Analyst

Salary:

£26,000 - £33,000 per annum

Location:

South Yorkshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£30,000 - £35,000

Job Discipline

Risk

Contract Type:

Permanent

Description

Marks Sattin is currently working with a business in South Yorkshire who is recruiting for a Financial Controls Analyst.

Reference

BBBH164817

Expiry Date

16/06/21

David Clamp

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David Clamp
David Clamp

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Senior Internal Auditor

Salary:

£33,000 - £43,000 per annum

Location:

Leeds, West Yorkshire

Industry

Professional Services

Qualification

Fully qualified

Market

Professional Services

Salary

£40,000 - £50,000

Job Discipline

Internal Audit

Contract Type:

Permanent

Description

Marks Sattin is currently working with a well-respected firm who is recruiting for a Senior Internal Auditor.

Reference

BBBH161507

Expiry Date

16/06/21

David Clamp

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David Clamp
David Clamp

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David Clamp
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CASS Risk and Control Officer

Salary:

£55,000 - £60,000 per annum

Location:

London

Industry

FinTech

Qualification

None specified

Market

Financial Services

Salary

£60,000 - £70,000

Job Discipline

Risk

Contract Type:

Permanent

Description

CASS Risk and Control Officer

Reference

BBBH165167

Expiry Date

25/06/21

James Flood

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James Flood
James Flood

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James Flood
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Head of Compliance and MLRO

Salary:

£90,000 - £100,000 per annum

Location:

West End, London

Industry

Insurance

Qualification

None specified

Market

Financial Services

Salary

£100,000 - £125,000

Job Discipline

Compliance

Contract Type:

Permanent

Description

Head of Compliance and MLRO Vacancy - Life and Pensions - 3 days per week.

Reference

BBBH165175

Expiry Date

18/06/21

James Flood

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James Flood
James Flood

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IT Audit Manager - Security & Cyber

Salary:

Negotiable

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

IT Audit

Contract Type:

Permanent

Description

Marks Sattin is working with a firm based in Leeds who are recruiting a newly signed off role in the Audit Team.

Reference

DCL16902250

Expiry Date

17/06/21

David Clamp

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David Clamp
David Clamp

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Senior Group Internal Auditor

Salary:

£38,000 - £45,000 per annum + Car

Location:

South Yorkshire

Industry

Business Services

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£40,000 - £50,000

Job Discipline

Internal Audit

Contract Type:

Permanent

Description

Marks Sattin is recruiting for a Senior Internal auditor to work for a business who has proven capability of offering career progression.

Reference

BH163316

Expiry Date

23/06/21

David Clamp

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David Clamp
David Clamp

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Group Head of Credit Risk - Retail Banking

Salary:

£100,000 - £110,000 per annum + + 35% Bonus + Car + Benefits!

Location:

Wolverhampton, West Midlands

Industry

Investment Banking & Capital Markets

Qualification

None specified

Market

Financial Services

Salary

£100,000 - £125,000

Job Discipline

Risk

Contract Type:

Permanent

Description

We are partnering with a rapidly expanding bank that is looking for a Group Head of Credit Risk to join team in Wolverhampton.

Reference

GHCR

Expiry Date

16/06/21

Deem NaPattaloong Find out more
IT Audit Specialist

Salary:

£55,000 - £65,000 per annum

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

IT Audit

Contract Type:

Permanent

Description

Marks Sattin is working with a client based in Leeds who has undergone an exceptional cultural transformation, recruiting for an IT Audit Specialist.

Reference

BBBH164298

Expiry Date

16/06/21

David Clamp

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Senior Prudential Audit Manager

Salary:

£70,000 - £80,000 per annum + + 15% bonus + Benefits

Location:

London

Industry

Investment Banking & Capital Markets

Qualification

Fully qualified

Market

Financial Services

Salary

£80,000 - £100,000

Job Discipline

Internal Audit

Contract Type:

Permanent

Description

We are partnering with an exciting bank that is looking for a Senior Prudential Audit Manager to join team in London or Chatham.

Reference

SPM0321

Expiry Date

18/06/21

Deem NaPattaloong Find out more
Senior Quality Control and Assurance Manager

Salary:

£55,000 - £65,000 per annum

Location:

Chatham, Kent

Industry

Investment Banking & Capital Markets

Qualification

None specified

Market

Financial Services

Salary

£60,000 - £70,000

Job Discipline

Compliance

Contract Type:

Permanent

Description

Senior Quality Control and Assurance Manager.

Reference

BBBH164995

Expiry Date

15/06/21

James Flood

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Auditing corporate governance: what direction are we heading in?
Auditing corporate governance: what direction are we heading in?

Teaser

Governance

Content Type

General

20/05/21

Summary

The UK government recently published a policy paper, aimed at holding directors at large companies accountable and maximise transparency to ensure the prevention of fraud, or any other financial crime .  We welcome the recommendation to include an annual resilience statement setting out how directors are assessing the company’s prospects and addressing challenges to its business model over the short, medium and long term. As a niche technology risk consultancy, we see embedding resilience in services and products is increasingly a key focus for our clients. The loss of consumer trust that follows service outages can have a material impact on the long-term viability of an organisation. Any additional focus on this, as part of a broader approach to enhancing transparency and trust in audit and corporate governance, can only be seen as a positive change.” Rob Johnson, Senior Manager | dcr partners What are the key points from the audit and corporate governance policy paper? Public interest is at the heart of reformsThe Public Interest Entities (PIEs) are governed by the account legislation and are focused on audit, corporate reporting and governance. PIEs relates to a range of different businesses, including insurance firms, professional services firms , banks and publicly listed companies. The government wants to reform measures to make them more effective and to create a much more robust regulation, so companies have clearer guidance when carrying out audits. The new reforms will have an impact on the way organisations manage their finances and accounts.Directors’ accountabilityLarge companies must have strong internal controls. As a result of poor risk management from many large firms, the Financial Reporting Council (FRC) Review outlined recommendations to strengthen the established internal controls framework. Multiple options have now been identified to increase the effectiveness of internal controls, one of which would require a directors’ statement, which would cover all aspects of the company’s risk management procedures and internal control. All of the new reforms will be in relation to capital maintenance and dividends.Corporate reportingWhen it comes to new corporate reporting, greater transparency on payment policies and practices are needed. The Brydon Review has recommended that for companies to remain competitive and relevant over the long term, reporting needs to showcase more evidence of a director’s plans for the company. Two new reporting requirements have been proposed, which includes an Audit and Assurance Policy and a Resilience Statement. Overall, as a result of the uncertainty in recent times, there’s now an increased appetite for businesses to be more transparent about their finances, operational risks and plans.Strengthening the power of reportingThe government has set proposals to strengthen the regulator’s corporate reporting review that reflect the recommendations outlined by the Brydon Review. Some of the key measures being taken into consideration include the power for companies to direct changes to company accounts, as well as the power to publish CRR correspondence. The government intends to give more power back to the ARGA, and that there’s a more rigorous and consistent approach to discussing documentation and reporting.Company directorsThe role of a CFO , and many other company directors, is to oversee the business’ accounts. They have complete control, and regulators don’t have the authority to intervene if a director breaches any procedures related to the accounts. Therefore, the government aims to give the regulator the power to make directors of publicly listed companies accountable. This would be a major change for regulators, enabling them more authority over their relationships with company leadership. The new regime will allow regulators to take enforcement against directors for any breaches of duties relating to corporate governance.Audit reformsThe government proposes to introduce a new corporate auditioning profession, as well as new principles, duties and obligations for directors and auditors. It’s been accepted by the Brydon Review that the auditing process needs to be improved and with more focus on aspects beyond financial statements’ compliance, to help the audit practices become more transparent and secure. The Brydon review has ambitions to make the audit process more informative and useful. This may include the introduction of a professional body for corporate auditors, which would help create more structure and an established framework for auditing.Safeguarding shareholdersIn response to the Bryon Review, the government is set to give more requirements to the audit committee’s role with the aim of safeguarding shareholders and other account holders in a business. There’s also set to be new measures that will bring in a greater dialogue between a company and its shareholders, which in turn, can improve the quality of audits in this changing financial landscape . The audit committee protects the interests of the company’s shareholders. It acts as a professional liaison that can help tackle a range of issues.Changes to the audit marketAs a result of the CMA Market Study, the government intends plans to increase competition, choice and resilience of the audit market in the UK. The reforms will include a range of measures, such as greater regulatory powers and duties, an operational separation between audit and non-audit arms of different firms, as well as renewed statutory powers for the regulator. The objective of the plan is to give the regulator new powers as the audit market evolves over time and to ensure greater enforcement and security.Audit supervisionMoving forward, there will be much closer monitoring of audit quality, with regular inspections and reviews at least once every three years. This gives regulators the chance to act more effectively when quality issues are identified. In response to recommendations made by the FRC review, the government also plans to offer regulators new powers that will enable them to check auditor’s papers, giving the regulator greater freedom in how it chooses to monitor the quality of audits.The future of the regulatorIn order to strengthen the regulator, the ARGA will replace the financial reporting council, aiming to promote and protect the interests of investors, wider public interest and corporate reporting. The future of the regulator will revolve around having established roles and powers to exercise judgement on business audits. The regulator will also be funded through a statutory levy and the ARGA will be established as a company limited by guarantee. The government believes that ARGA should have broad objectives to remain relevant and flexible as the ARGA carries out its policy-making functions. Overall, there’s a range of proposed objections for the regulator, including quality objective and competition objective.The role of the regulatorThere’s a range of additional changes to the regulator’s role. For example, there are proposals for the regulator to have a more proactive role, which includes assessing any serious issues related to a company’s auditing process. The new responsibilities are all about preventing issues from happening, such as problems with corporate reporting or any concerns relating to the Public Interest Entity’s audit. The role of the regulator is set to change with the new measures being introduced. All of these new measures will help the ARGA achieve the aim of becoming an independent regulator.Speak to a member of the teamMarks Sattin is a specialist recruitment and executive search firm. We have over 30 years’ experience finding professionals their next exciting opportunity and our people are committed to keeping abreast of the latest developments in our key markets. Should you have any questions or wish to discuss further, please feel free to reach out to me.

Teaser

The UK government recently published a policy paper, aimed at holding directors at large companies accountable and maximise transparency to ensure the prevention of fraud

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David Clamp

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David Clamp

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Operational Resilience Whitepaper
Operational Resilience Whitepaper

Teaser

Governance

Content Type

General

13/05/21

Summary

We recently co-hosted a virtual roundtable on Operational Resilience, in partnership with DCR Partners. The session was attended by business leaders from various industries, and we were able to benefit from a diverse range of perspectives and experiences, both within and outside of financial services.The aim was to discuss approaches organisations are taking to become operationally resilient, sharing lessons learned and how obstacles have been overcome. We have summarised this conversation in an easy to read whitepaper, covering the following:What does Operational Resilience mean to your organisation? Defining important business servicesControlling the scope of business servicesImpact tolerances Download the whitepaper  Should you have any questions or wish to discuss further, please feel free to reach out to me.

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We recently co-hosted a virtual roundtable on Operational Resilience, in partnership with DCR Partners.

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David Clamp

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David Clamp

David Clamp

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Will IR35 affect your business?
Will IR35 affect your business?

Teaser

General

Content Type

General

20/09/20

Summary

Employees in the United Kingdom can be categorised as full-time, part-time, casual, freelance and contract workers, with the self-employed bracket now making up 15% of the entire working population. The number of self-employed workers jumped from 3.3 million in 2001 to 4.8 million in 2017, with a corresponding fall in the unemployment rate showing the overall boost in jobs growth from the rise in self-employment. However, the attractive market for freelancers and contractors has been hit with some uncertainty in recent times, thanks largely to the 2018 Autumn Budget’s announcement of IR35 tax reforms. Here’s what the new IR35 rules could mean for you and your business: What is IR35? IR35 is a piece of legislation originally introduced to the UK in 1999. Its purpose is to differentiate between those workers who operate as genuine contractors and those who work as ‘disguised’ employees to avoid paying tax. It came about to challenge contractors who were taking advantage of the tax efficiencies of working through a limited company, with the aim of defending both the Exchequer from lost taxes and protecting workers’ rights from unscrupulous employees. However, the IR35 has proven to be ambiguous for many, with some contractors taking advantage of loopholes and a lack of clarity. Hence, the new IR35 rules aim to tighten up the contractor market and ensure tax avoidance loopholes are closed. How does IR35 work? There are three principles that can help to determine employment status and whether a contractor falls inside or outside IR35: Control (the degree of control the client has over the work a contractor does and how and when they do it) Substitution (whether the worker needs to do the work themselves or if they could send a substitute in their place) Mutuality of obligation (whether the employer is obliged to offer work and the contractor is obliged to accept it). Additionally, the contract type, provision of equipment and whether a worker is “part and parcel” of a business can all help to determine whether someone falls inside or outside IR35. The change in IR35 rules shifts the responsibility to determine tax status away from the contractor and onto the business that takes them on. Until now, contractors have been able to self-determine their status, however as of April 2020, when the new rules come into effect for the private sector, companies will risk being fined if they don’t make the correct assessment.  How will IR35 impact contract workers? It’s anticipated that many contract workers who have been enjoying the tax benefits of working outside IR35 will fall under the legislation when employers are tasked with determining their status. This will see more contractors having tax and National Insurance contributions deducted from their pay. However, if you operate as a legitimate small business and are determined to work outside of IR35, you will not be affected by the rule changes. How will IR35 impact employers? The major change for businesses is that they will now be responsible for determining the IR35 status of any contractor working for the company. The new rules will only apply to medium and large sized businesses, so contractors who work for small businesses can continue to set their own IR35 statuses. Those businesses that the IR35 rule changes do apply to will face paying back taxes and fines should they be found to be noncompliant. What should I do to prepare for IR35? Contractors may wish to speak to an accountant or personal finance expert to determine whether IR35 will impact them and if a move to permanent work may prove to be more beneficial after the rules come into effect. For many, contracting will remain appealing regardless of increased tax responsibilities, however it’s important to factor in any change in income that IR35 may bring about. Businesses are being warned not to make blanket assessments that cover all their contractors, as this can leave workers without a fair assessment and risk them paying unnecessary taxes without equivalent employment rights. Instead, businesses should consider IR35 status on a case-by-case basis or they may risk losing out on top talent. The HMRC has released a consultation document for businesses to prepare for the IR35 changes, recommending identifying and reviewing current contract workforce status and putting processes in place for taking on new workers. At Marks Sattin, we pride ourselves on keeping abreast of all industry legislation, updates and changes that affect our candidates and clients. Speak with us about how we can help you. References: https://www.bbc.co.uk/news/business-44887623 https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/articles/trendsinselfemploymentintheuk/2018-02-07 https://www.contractorcalculator.co.uk/what_is_ir35.aspx https://www.axa.co.uk/business-insurance/business-guardian-angel/how-ir35-changes-will-affect-freelancers-and-self-employed-contractors/ https://www.telegraph.co.uk/business/ir35-rules/new-contractor-tax/ https://www.telegraph.co.uk/business/ir35-rules/how-will-new-rules-impact-business/ HMRC consultation document

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Employees in the United Kingdom can be categorised as full-time, part-time, casual, freelance and contract workers

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Pres Pillai

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Pres Pillai

Pres Pillai

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Pres Pillai