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Head Of Internal Audit

Shoreham-By-Sea, United Kingdom | Ricardo Strategic Consulting

  • Industry:
    Mechanical / Industrial Engineering
  • Position Type:
    Full-Time
  • Functions:
    Accounting / Control
    General Management
  • Experience:
Job Description:
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Job Description

Ricardo is developing its internal audit function to increase inhouse capability and agility. We will recruit a small team led by the Head of Internal Audit who will report to the CFO and the Audit Committee Chair. The business operates a centrally driven control framework over a number of business systems with Business Unit leaders and finance teams based in the UK, Europe, US and parts of Asia.

We have a 30th June year end and the key formal Audit Committee meetings, where Internal Audit and Risk are covered, are in January and July each year.

The successful candidate and the team will be supported by the outgoing post holder who will continue to work in the business on a new assignment.

The group’s finance function is based at Shoreham by Sea, West Sussex. Hybrid working can be considered. Some international travel will be expected.

Responsibilities



  • Manage and develop a small internal audit team and coordinate external specialist resources, together with guest auditors from within the business

  • Perform a hands-on role with day to day involvement in the management and completion of audit activities

  • Deliver the internal audit program in each financial year, providing insightful audits and business improvements

  • Provide high quality reports in line with the internal audit timetable.

  • Prepare rolling audit plans for future years

  • Develop test methodologies and the IA process

  • Ensure audit actions are followed up and closed out with objective evidence supporting the implementation of the action

  • Undertake financial controls monitoring outside the Internal Audit program

  • Carry out ad-hoc tasks and investigations as required

  • Establish, build and maintain strong relationships with the senior management in the Group functions and all Business Units

  • Work closely with the Group Risk Manager in contributing to the overall assurance matrix for the Group

  • Influence management regarding the need for continued enhancement and transformation of controls, working with other functions as Brydon recommendations are implemented

  • Present controls insights/themes to executive leadership and the Audit Committee


Competencies And Experience

Essential



  • Qualified accountant (ACA, ACCA, CIMA) – preferably UK qualified with experience of financial reporting including IFRS and management accounting

  • Experience of internal audit management and audit committee reporting at a senior level either in professional practice or a UK listed company

  • Good understanding of current internal audit best practice

  • Considered approach with balance between ensuring an appropriate control environment and business efficiency

  • Good understanding of the UK Corporate Governance code

  • Excellent written English and presentation skills.

  • Strong communicator, influencer and team leader

  • Ability to understand the needs of non-executive executive, operational and functional stakeholders

  • Understanding of the issues and challenges of inter and intra company trading within groups

  • Exposure to Sarbanes-Oxley control environments

  • Commercial insight and experience of project based or professional services business models

  • Delivery of business process change projects

  • Good IT skills across the Microsoft Office suite


Desirable



  • Working in an environment with a range of business systems e.g. SAP,

  • Infor LN and Agresso

  • Understanding of how ESG reporting will influence the development of internal control environments

  • Working with operational risk teams who manage ISO standards accreditation/ compliance

  • Use of technology to improve internal audit efficiency

  • Science or engineering degree

  • Experience of working in a variety of relevant cultures


Skills And Behaviors



  • Highly motivated team player

  • Highly trusted – seen as firm and fair, making evidence-based cases for change and corrective action

  • Forensic mindset

  • Accuracy and attention to detail

  • Exemplar for Ricardo values


What We Offer



  • A challenging and fast-moving working environment

  • Passionate and driven colleagues

  • Friendly and supportive team environment

  • Hybrid working supported

  • Ricardo encourages a strong DEI agenda


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