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Early careers

Head of Internal Audit

  • Role Type
  • Permanent

  • Location
  • Shoreham-by-Sea

  • Closing Date
  • 31/08/2022

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