Role Overview
The Group Assurance (GA) Team provides assurance on the effectiveness of internal controls over the key financial, operational, reporting and compliance risks of the Group. The GA is a lean team supported by ‘Lead’ and ‘Guest’ auditors from other Group Function, Sector Operations and/or individual Sector teams.
The Senior Internal Audit (SIA) is expected to support the Group Assurance Director and Audit Manager to deliver timely, independent and professional audit assignments including reviewing and reporting on risks, business processes and controls, whilst also driving operational efficiency and recommending appropriate improvements to senior management. Assurance activities can include operational, financial, reporting, compliance, technology and/or digital audits.
Due to the unique assurance delivery model at IMI, a large part of the SIA role will involve drafting and managing the overall audit methodology, quality assurance programme, on-going training programme for the wider audit team and various Audit Committee and Executive reporting workstreams.
Key Responsibilities
- Annual audit planning – assist the Group Assurance Director / Audit Manager to develop a risk based annual audit plan that includes Principal Risk/ Thematic and Site Based audits – this includes managing the ‘Audit Universe’ to ensure it is kept up to date with Group Function/Site information.
- Audit delivery – deliver audits assigned to them in compliance with the risk based audit methodology and within the agreed timeframes. The audits may include financial, operational, technology or compliance scope areas.
- Project Management – assist the Group Assurance Director / Audit Manager to establish a resourcing plan to deliver the audits on the annual audit plan, ensuring any independence / objectivity risks are appropriate managed.
- Audit methodology – Develop and refine methodology and audit templates so that they continually meet the requirements of the business and industry best practice (including compliance with the Global Internal Audit Standards ‘GIAS’). Manage the regular training programme for Lead and Guest auditors from the business. Experience of having developed a risk-based audit methodology preferred.
- Technology – drive enhanced use of data analytics and Artificial Intelligence (where practical and cost-effective) to help improve audit efficiency and / audit quality. Manage the Audit Management System (AMS) and ensure it aligns with the audit methodology whilst ensuring a positive user experience.
- Reporting – ensure key performance indicators for the function (such as post audit surveys, time taken to deliver audits, closure of open audit actions etc) are appropriately prepared and discussed with the Group Assurance Director / Audit Manager for timely reporting.
- Consulting / advisory reviews - conduct ad hoc investigations and advisory projects at management request and produce recommendations to ensure timely resolution of issues and / or business improvement.
Critical Competencies for Success
- Qualified auditor (ACA, ACCA, CIA)
- At least 3 years post qualification experience, preferable in an in-house internal audit team.
- Manufacturing industry experience is preferred.
- Initiative-takers – ability and willingness to pick up new and unconventional topics to audit, including self-learning and consulting with internal and external stakeholders.
- Excellent written and verbal communicator, ability to deliver key messages across quickly, concisely and accurately.
- Ability to build relationships quickly, including diplomacy and influencing skills.
- Find solutions and don't accept second best.
- Make informed decisions.
- Be well planned and organised.
- Set clear professional standards.
- Encourage and embrace diversity.
- Be future focused and drive change.
- Ability to engage and work with diverse teams.
- Strong analytical skills.
- Operate effectively across international boundaries and cultures.
- Curiosity and ability to bring external perspectives to the role.
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