Janus Henderson Investors Head of Front Office Audit in London, United Kingdom
Janus Henderson Global Investors is a leading independent global asset manager, dedicated to delivering the best outcomes for clients through a broad range of actively managed funds.
We provide our institutional, retail and high net-worth individuals with access to skilled investment professionals representing a broad range of asset classes including, equities, fixed income, multi asset and alternatives.
We are a team of independent thinkers who work tirelessly to help our clients achieve their goals – and we do it by fostering an energetic and collaborative culture that ensures our people love the place they work.
Headquartered in London, Janus Henderson is a truly global asset manager with a diverse geographic footprint, managing assets from 28 offices globally and employing more than 2,000 staff.
Corporate Title:Head of Front Office Audit
Department:Global Internal Audit
Reporting Line:Regional Head of Internal Audit, EMEA and Global Head of Internal Audit
Revised Date:October 2019
In-scope of Knowledge & Competence (MiFID II):No
Global Internal Audit is responsible for the internal audit function for Janus Henderson worldwide. The Internal Audit function operates a co-sourced model where multiple subject matter firms may be engaged to assist the in-house team execute the annual Internal Audit plan. The department has a permanent in-house headcount of twelve based in London and Denver. The in-house audit team members are assigned to one of three functional audit teams: 1) Technology, 2) Front Office/Investments, and 3) Distribution, Corporate, & Operations. The Global Head of Internal Audit reports functionally to the Corporate Audit Committee and administratively to the General Counsel.
Overview of the Role
Global Internal Audit’s primary objective is to provide an independent assurance service to the Boards, Audit Committees, and Executive Management on the adequacy and effectiveness of Janus Henderson Group’s governance, risk management, and internal control processes, including:
The framework for, and effectiveness of, risk management.
Whether significant risks are appropriately being identified, reported, managed and controlled to an acceptable level as determined by the Boards.
Whether financial and operational controls are appropriate and are consistently applied.
The effectiveness of internal controls for the safeguarding of assets and for protecting shareholder value.
The reliability and integrity of significant financial, managerial and operating information.
The establishment and review of risk appetite by Executive Management and the Corporate Board Risk Committee, and embedding it within the organisation.
The risk and control culture of the organisation.
The adequacy of processes to ensure compliance with applicable laws and regulations and standards, policies, procedures and contracts, including the risk of poor customer outcomes.
Duties and Responsibilities
Contribute to the success of the Global Internal Audit team and all of its endeavors.
Lead the Front Office functional audit team in risk assessment and relationship management for the entire Investments department.
Contribute to the creation and maintenance of the risk-rated audit universe.
Plan and manage audit assignments to evaluate the effectiveness of the controls in operation in the business and information systems and, where appropriate, to make recommendations for their improvement.
Maintain clear and transparent communication with the business and the Global Internal Audit team throughout all engagements and other assigned work.
Develop, train, and coach members of the Front Office functional audit team in the skills required to perform successful audit assignments.
Assist in the preparation of Audit Committee and other Board reports.
Review the implementation of management agreed corrective actions.
Contribute to an increased awareness in the business of the management of risk and the importance of sound business controls.
Contribute to the development of the internal audit methodology and working practices operated by the department.
Promote a positive image of Global Internal Audit throughout the business by ensuring consistent quality of work and a reliable positive Global team attitude.
Perform reviews and quality review assessments of audit engagements performed by other auditors.
Continuously develop own technical, commercial and personal skills.
Carry out additional duties as assigned
Execution of Audits:
Determine the scope of work, the objectives to be met, the time table for completing the audit and the extent of audit testing that will be required is established. In addition, considerations of the auditee’s conflicting business requirements/deadlines as well as potential value adding deliverables will be considered and planned for. An engagement memo with this information will be developed and communicated to relevant stakeholders.
Oversee the execution of audit work as defined during the planning stage, which may include but is not limited to the documentation of systems and processes leading to the identification of key controls; undertaking and evaluating the results of audit testing; identifying weaknesses in controls and offering recommendations to management for their improvement. Lead or perform certain key aspects of fieldwork.
Following the closing meetings with management, a draft audit report containing findings and recommendations for corrective actions will be submitted to management to enable them to confirm their action plans, establish estimated completion dates, and confirm corrective action owners. Following Internal Audit’s assessment of whether management’s remediation action plans adequately address the risk exposure, a final audit report will be issued.
Execution of Advisory Engagements:
Advisory services may range from formal engagements, defined by written agreements, to advisory activities, such as participating in standing or temporary management committees or project teams.
Establish the scope of work, the objectives to be met, and the engagement timetable will be established. In addition, considerations of the auditee’s conflicting business requirements/deadlines as well as potential value adding deliverables will be considered and planned for.
Oversee the execution of the engagement as defined in the planning stage. Lead or perform key aspects of advisory fieldwork.
Details of advisory observations are reported to management in a format best suited for the situation, use and audience.
Monitoring of Remediation
Contribute to the monitoring of the agreed corrective action plans to ensure that they are on track for successful and timely completion. Additionally take part in the corrective action audit which is performed annually.
This role will directly manage two Internal Audit Managers (one in London and one in Denver) specifically focused on executing Front Office/Investments department operations.
This role will also assess the qualifications of third party subject matter expert firms and oversee the services these SME firms provide when they are engaged to assist the in-house team as part of Global Internal Audit’s co-sourcing operating model.
Technical Skills and Qualifications
Bachelor’s degree required or minimum educated to degree level or equivalent
Relevant professional qualification e.g. Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Chartered Accountant (CA), Charted Financial Analyst (CFA), etc.
Significant internal and/or external auditing experience. Experience in a similar Front Office focused Audit or Compliance role within an Asset Management firm (or a firm with an Asset Management business)
Experience in auditing all aspects of Investment Management (Front Office) activity is required
Experience in using Computer Assisted Audit techniques will be a distinct advantage
Big 4 experience is desirable but not required
Able to advise on multiple audit engagements simultaneously
Ability and willingness to work collaboratively within the Global Internal Audit team as well as with the business areas
Demonstrate good time management
Excellent review, analytical, and problem solving skills
Excellent organisational and presentation skills
Excellent relationship and negotiation skills
Ability to communicate clearly and concisely
Flexible, adaptable, and ability to respond effectively to changing business needs
Ongoing competence in the role to be assessed by:
Annual Performance Appraisal
Completion of all assigned Compliance training
Annual Attestation (Knowledge and Competence in-scope roles only)
At a minimum the role will require you to:
Place the interest of Janus Henderson’s Clients first and always act in accordance with TCF (Treating Customers Fairly) principles
Understand and follow laws and regulations applicable for your role, seeking the help of your supervising manager or Compliance if you would like further explanation or direction regarding this
Understand and abide by all Janus Henderson policies applicable to your role, and ask for the support/guidance of the policy owner if you are unsure at any time
You are ultimately accountable for your actions and responsible for seeking further information on any or all of the above as necessary.
Janus Henderson Investors (including its subsidiaries) will not maintain existing or sponsor new industry registrations or licenses where not supported by an employee’s job functions (as determined by Janus Henderson Investors at its sole discretion).
All applicants must be willing to comply with the provisions of Janus Henderson Investors' Investment Advisory Code of Ethics related to personal securities activities and other disclosure and certification requirements, including past political contributions and political activities. Applicants’ past political contributions or activity may impact applicants’ eligibility for this position. Janus Henderson Investors is an equal opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. All applications are subject to background checks.