Head of Internal Audit
Our client owns some of best known brands on the UK High Street but the company itself has remained relatively low profile due to its private ownership structure. With annual revenues in excess of £6bn it is extremely sophisticated in terms of the digital technology employed and continues to actively pursue innovative brand extension strategies.
Reporting to the Director of Risk & Audit this newly created position will take responsible for a high calibre team and the detailed responsibilities include;
- Review existing internal audit approach, methodology and set the strategic direction for internal audit together with a timetable for implementation.
- Ensure audit techniques and methodologies are aligned with international internal audit standards and best practice.
- Development and agreement with the Audit Committee of the annual audit plan to address key risks.
- Management and delivery of internal audit annual plan including risk assessments, audit timetable, resource plan.
- Reporting of internal audit activities to the Audit Committee including the key issues arising from the latest audits, any actions taken following the audit and the implementation of recommendations.
- Provide the Audit Committee and management with assurance that the Group’s internal control systems are appropriately designed and operating effectively.
- Provide training and support to those operational finance people to be used in the peer review process.
- Responsibility for the management, development and mentoring of the internal audit team.
- Organising 3rd party resource where specialist knowledge is required.
- Work with external auditors to ensure that there is a “joined up” approach to risk management and monitoring of the control environment.
- Ad-hoc investigations or projects as advised by the CFO or AC Chairman from time to time.
This role will require an experienced staff manager with previous experience of leading internal audit teams in an in-house audit function of a FTSE 100 business or a “Top 10” accountancy practice. This role will require the ability to translate complex technical analysis into business relevant insights and this individual must be capable of interacting effectively with Senior Management and influencing their decision making. The domestic orientation of this firm means there will be very limited travel.