Job Description. Division/Company: Risk Function, Faster Payments Scheme Limited & Mobile Payments Service Limited

Transcription

1 Jb Descriptin Jb Title: Auditr Divisin/mpany: Risk Functin, Faster Payments Scheme Limited & Mbile Payments Service Limited Reprting T: Head f Risk Assessment & Assurance Salary and: D Faster Payments Scheme Limited Faster Payments Scheme Limited (FPSL) is respnsible fr managing the Faster Payments Service launched in May The Faster Payments Scheme is the nly UK payment system available day and night, 365 days per year, supprting the demands f persnal and business custmers, ensuring that it is the best chice fr mving mney at any time, simply, quickly and reliably. It is cmpsed f a grup f banks and building scieties called Members. There are tw main service levels. Fr payments where the custmer is present, either using Internet r telephne banking, FPS prvides a Near Real Time (NRT) payment prcess. ustmers making payments can be tld, within a few secnds, that their payment will r will nt be made. This will be assured by exchanging a message with the beneficiary Member t check that the accunt exists and is pen fr credits. The beneficiary custmer will receive the funds shrtly thereafter. Fr payments where the custmer is nt present, e.g. fr Standing Orders, the payment prcess will nt be NRT, but will still be same-day r better. The majrity f Standing Orders will be sent and accepted by 06:00 am. FPSL is respnsible fr the evlutin and strategic develpment f the Scheme under its management; and als the administratin f the Scheme and Member / Supplier / Scheme cmpany cmpliance with relevant internal rules, prcedures and service levels, and additinally, with all related external regulatin. Mbile Payments Service The Mbile Payments Service Limited (MPS) will be respnsible fr managing the Mbile Payments (Paym) service launched in April 2014 under the remit f the Payments uncil. The service makes paying by mbile pssible fr everyne. The new service enables secure payments t be made directly t and frm an accunt using a mbile phne number as a prxy withut the need t disclse the srt cde and accunt number. Whilst there are existing ways t pay using a mbile, Paym marks the first service with the ptential t link up every bank accunt in the cuntry with a mbile number.

2 Eight financial institutins (Participants), representing 90% f UK current accunts, have cmmitted t ffering the service, with discussins cntinuing fr mre institutins t jin. Fllwing nvatin frm Payments uncil later in 2014, MPS will be respnsible fr the Paym Service. Faster Payments Scheme Limited will prvide staff and ther services t MPS. Purpse f the Jb Member f the FPSL Risk team, cntributing t prviding a high level f assurance n behalf f FPSL and MPS, their Members, Participant and interest grups in areas such as integrity, reliability, rbustness and resilience f bth a systematically imprtant payment system, and innvative payment service by identifying and mitigating risks acrss the end-t-end prcesses while at the same time ensuring that independence is nt cmprmised. Main Activities and Respnsibilities Identifies, evaluates and reprts t the FPSL and MPS n risks and risk cntrl in the end-t-end clearing and service prcesses. ntributing t the delivery f substantive parts f the FPSL cmpany and MPS cmpany assurance activities, as required within the verall Risk Plan. Undertaking in all stages f Faster Payments Member Self ertificatin reviews, Paym Participant Self ertificatin reviews, and Key Supplier assurance activities (namely ank f England RT, and VcaLink ) as required: ntributing t the develpment f the FPSL and MPS Risk assurance wrk prgrammes / review questinnaires. Assisting and undertaking f assurance reviews, and arranging / attending review meetings with Stakehlders f all levels thrugh t Senir Directrs frm Members and Participants peratinal, technical and audit areas. Raising and agreeing review findings (with Stakehlder Management) n a cmpliance and risk based apprach ensuring that the review prcess and recmmendatins are realistic. Identifying and sharing best practice where apprpriate. Preparing Risk Assurance Reprts. Assist in the fllwing up f issues and recmmendatins thrugh t reslutin. Delivering the abve within pre-agreed timing and budgetary cnstraints. Undertake risk-based Faster Payments Member and Paym Participant hange assurance activity, where a Member r Participant ntifies the cmpanies f its intent t relcate its peratins r Datacentres. Assist in the cllatin and reprting f FPSL and MPS clustering infrmatin relating t Member, Participant and Supplier sites. ntribute t the imprvement t individual assurance activities, individual assignment plans and plicies acrss the verall Risk Plan s that they remain cst effective and fit fr purpse.

3 Assist in the develpment and implementatin f new requirements, bth within and utside f the verall Risk Plan. nsider and suggest new appraches t enhance the efficiency and effectiveness f the assurance prcesses. Undertake ther risk-related audit activity as directed: Prject reviews New Member / Participant / Direct Agency applicatins Member / Participant Exits and Migratins Liaisn with Internal and External Auditrs Ensure that FPSL and MPS mpany staff are fully briefed n all pertinent issues. Ensure cntinued awareness and understanding f issues and develpments affecting the Faster Payments clearing activities and Mbile Payments service activities thrugh attendance at relevant liaisn meetings and cmmittees. Deputises, where necessary fr the Senir Auditr, including representatin at senir cmmittees. Develp and maintain excellent wrking relatinships with the FPSL and MPS Offices, and their Members, Participants, Suppliers, ther third-parties and stakehlders. Prvide Secretariat supprt fr the FPSL Risk mmittee. arry ut ther duties as required. Scpe Member f the Risk team, reprting t the Senir Auditr. Required t wrk independently and in cnsultatin with the Senir Auditr, and internal and external cntacts as utlined belw. Internal ntacts: All FPSL and MPS Emplyees. External ntacts: UK Payments Administratin Limited. UK Payments uncil Mbile Payments Prject Team. FPSL Wrking Grups / mmittee representatives. MPS Wrking Grups / mmittee representative. FPSL ard Directrs / Alternates. MPS ard Directrs / Alternates. FPSL Scheme Members and key suppliers VcaLink, ank f England RT. MPS Paym Participants and key supplier VcaLink. FPSL and MPS External Auditrs. Other Payment Schemes HAPS, acs, heque & redit learing.

4 Lcatin Lndn based but required t travel regularly within UK and ccasinally within Eurpe. Ptential fr ccasinal internatinal travel. Hurs f Wrk Nrmal ffice hurs are 09:00 t 17:00 Mnday t Friday (with ne hur each day fr lunch) amunting in ttal t 35 hurs per week. Wrking later than 17:00 may be required frm time t time, particularly during perids f travel. Pssible Wrking Styles Fixed Wrking Occasinal Mixed Wrking Regular Mixed Wrking Wrk has t be undertaken in the ffice at all times in rder t deliver key utputs. (e.g. custmer facing rle) Wrk can effectively be dne at hme r remtely n an ccasinal basis (e.g. persnal circumstances, cmpleting prject wrk). ntractual terms will remain ffice based. Wrk can be carried ut effectively at hme r remtely n a regular basis (e.g. nce a week, nce every tw weeks). re mpetencies: Teamwrk Interpersnal and mmunicatin Slutin-Fcussed Priritisatin and Time Management reativity and Flexibility Mtivatin Prfessinalism Level A Generic mpetencies: Payment Industry Knwledge and Expertise Administratin mmittee Secretariat Level

5 usiness Analysis & nsultancy IT Knwledge Jb Specific mpetencies: Experience f peratinal and/r IT audits. Experience f auditing external bdies. Knwledge f IT security, banking and clearing. An appreciatin f a risk-based apprach t internal cntrl. Ability t cllect, analyse, and evaluate infrmatin pertaining t audits and the preparatin f written reprts f wrk perfrmed. ertificate in Internal Audit r similar. Experience f influencing thers thrugh persuasin, understanding and argument. Experience f Auditing within the banking r payments industry wuld be an advantage.