Director - Statutory Audit (FS)

Job Description Job Title: Audit Director FS Banking Service Line: Banking Key Points Leadership of the Mumbai practice (expected to grow to approx 50 people) Leading a large Banking Audit and taking ownership including liaising with client. senior UK stakeholders Summary of Role Purpose We have an exciting opportunity for an Audit Director to join our FS Audit team. In the role, you will be responsible for leading audit engagements to a high standard of quality, from planning through to completion. You will be accountable for signing audit opinions on your own portfolio of audited entities and/or working with Partners in the delivery of larger and more complex audits. You will own the relationships with senior stakeholders from audited entities and develop those relationships to facilitate the delivery of audits. You may also have a departmental role, facilitating the internal operations of running the business, for example, roles relating to finance, technology, quality, people etc.. As a director, you will act as a role model for your teams, facilitating the effective and efficient delivery of audits. You will be responsible for leading teams and supervising the work of staff and providing coaching and developmental support. You will also have performance management responsibilities for a small number of employees. Description of the Role Overseeing the budgeting, planning, co-ordination, and control of audit engagements in accordance with requirements, to ensure the delivery of a quality audit and appropriate profitability. Directing and overseeing the work of team members, ensuring compliance with KPMG Audit Methodology requirements. This includes reviewing all significant areas of the audit work and providing coaching and mentoring support. Project managing all aspects of audit delivery, including timelines, team briefings, team supervision, and reviews by Partners. Acting as the main point of contact for senior stakeholders within audited entities throughout the year. Managing stakeholder relationships to facilitate the execution of the audit. Overseeing the finances of the engagement, including fee negotiation and agreeing overruns. Making judgements on the most complex audit issues. Overseeing communication with audited entities and specialists on technical matters relevant to the audits. Reviewing engagement deliverables, such as audit committee papers, and presenting at audited entity board / audit committee meetings Leading audit tenders for potential new audited entities. Performance managing junior team members, ensuring that you are having rich development conversations that supports their growth and career progression. Role Dimensions: Technical core competencies required for the role Our Global Audit & Assurance Technical core competencies provide clarity and consistency of expectations to ensure the minimum audit technical requirements are being met by relevant grades to drive Audit Quality, which is fundamental to achieving our ambition to become the most trusted and trustworthy firm. The relevant competencies for this role are: Technical knowledge: Understands relevant technical accounting and financial reporting standards, regulations and accounting literature. Exhibits and stays current on appropriate industry and specialised knowledge, and leverages KPMG methodologies (including ESG Assurance, where relevant). Technology skills: Uses firm-approved audit tools and innovative technology solutions to increase audit quality, productivity, and data insights. Professional scepticism and issue identification: Applies professional scepticism, objectivity and independence to identify and support resolution of potential audit issues. Risk assessment: Prepares for the audit execution with a focus on risk assessment. Evaluation of audit results: Evaluates evidence from audit procedures to determine if audit objectives were achieved. People & Culture Embrace and embed our culture ambition of high challenge, high support which is grounded in Our Values. Operate with a curious and sceptical mindset ensuring that this is embedded in your everyday work. Actively lead and embed a coaching culture to get the best out of others in an environment where everyone in the team feels empowered to speak up or challenge where appropriate. Be accountable, professional and act in the public interest, working for the benefit of shareholders of audited entities and wider society. Be inclusive and embrace the opportunity to work with other teams within Audit and across the firm in an integrated way. Have a sense of community, purpose and fun. The Person: Experience and Knowledge Requirements Significant and recent experience as a director in an external audit capacity, with experience of systems/controls testing as well as substantive auditing, including consolidations, group audit, and review of statutory accounts and disclosures. This includes audit experience within a Big 4 consultancy, mid-tier firm, or government / public sector audit department. (E) Sound working knowledge of IFRS and UK GAAP. (E) Sound working knowledge of International Standards on Auditing. (E) Sound working knowledge of US GAAS / PCOAB standards. (D) Sound working knowledge of US GAAP. (D) Experience of presenting at audited entity board/audit committee meetings. (E) Proven track record of managing and delivering a portfolio of high quality, complex audits. (E) Experience of using proprietary software to manage the audit workflow and document audit evidence. (E) Experience of performance managing teams, coaching and mentoring staff at all levels. (E) IT literate with sound knowledge and experience of MS Tools (Word, Excel, and PowerPoint). (E) The Person: Behavioral Attributes and Skills Outstanding leadership skills; leads by example and inspires others to follow their vision. Excellent written and verbal communication skills; able to communicate complex matters in a clear and compelling manner. Strong organizational and time management skills; able to work effectively in a fast-paced environment with conflicting priorities and deadlines. Highly effective stakeholder management and relationship building skills; credible, confident, and able to earn respect from stakeholders at all levels. Self-driven and resilient; able to thrive in a high-pressure environment. Strong analytical skills and attention to detail; able to analyse and interpret complex technical information. Effective problem solver; makes pragmatic and logical decisions, drawing on technical expertise to provide high quality solutions.