Job Description

The Head of Internal Audit role will vary from business to business but generally covers:

• Ensuring that the aims and accountability of the Internal Audit department are approved by the Board of Directors
• Managing internal audit activity, ensuring that the function if independent and objective
• Manage time scales and quality of engagements
• Design and management of the internal audit program designed to achieve compliance with standards and code of ethics issued by the Institute of Internal Auditors
• Management of Internal Audit resources (co-source or in-house)
• Coordination of risk management activities in and preparation of the consolidated risk register
• Coordinates and facilitates the preparation of Audit Committee Reporting, ensure its timely submission
• Present Audit Committee Report to the relevant forums (including the Board)
• Escalating findings and carrying out investigations
• Providing training for senior leadership as to risk appetite and ownership
• Dependant on the company you may also be requires to co-ordinate SOX/J-SOX requirements and/or risk management.

The Successful Applicant

Most Internal Audit Manager specifications require:

• line or co-source management experience

• a qualification (IIA, IRM, ACCA, ACA, CIMA, CPA or CFA) (The IIA is becoming increasingly popular in addition to the ACA)

• experience in designing internal audits plans

• experience of presenting audit findings to the board

Required Knowledge, Skills, and Abilities