Working as part of a team the post holder reports to the Head of Internal Audit and Assurance and provides quality assurance that the key principles of Internal Audit are being upheld within the terms and conditions of the Global Internal Audit Standards, as applicable in the UK Public Sector, Managing Public Money and other key Government / industry standards. Working at a senior level across our complex organisation, using their understanding of the corporate credit risk and operational risk environment as well as corporate lending and insurance products, the post holder will add value to the organisation, completing and oversighting risk‑based financial, operational and information systems audit coverage.
Main Activities
- Deliver and oversight planned audits to scope, quality, time and within budget.
- Key contributor to the development and delivery of the overall internal audit functional strategy and the process of ongoing assurance to the Accounting Officer and audit sponsor/s on the adequacy, reliability and effectiveness of UKEF’s risk management, control and governance processes.
- Key driver in the development and implementation of Internal Audit function methodologies, professional practices, tools, automation etc to meet and exceed relevant professional internal audit standards.
- Key driver of the ongoing internal audit universe risk assessment and audit planning process and related reporting.
- Represent internal audit at key governance fora, including on programme and project boards as necessary to advise on risk and control issues and to provide assurance in regard to adherence to relevant programme and project management standards.
- Deliver draft and final reports in line with agreed deadlines, keeping sponsors and key stakeholders informed of major issues as they arise and at key stages of fieldwork.
- Promote the role and value of the Internal Audit and Assurance services on an ongoing basis through formal and informal channels.
- Maintain and assess the quality of the audit process including issuance of terms of reference, fieldwork, testing, reporting and follow‑up.
- Monitor and report key performance indicators and insightful audit reporting to key stakeholders.
- Procure, co‑ordinate and oversight co‑source external subject matter expertise as and when required, ensuring knowledge transfer to the division.
- Contribute to development and maintenance of the quality assurance and improvement programme within Internal Audit.
- Ongoing horizon scanning to identify and respond to relevant developments and emerging risks.
- Support and stand‑in for the Head of Internal Audit as necessary.
- Champion best practice in governance, controls and risk management.
- Maintain effective working relationships with other assurance providers within the Department and with External Audit to ensure the efficient use of the total audit effort.
- Keep abreast of developments in Corporate Governance best practices and advise the business accordingly.
People Management & Development
- Manage a small team of auditors, both as a line manager and through providing oversight on an audit project basis.
- Manage and oversee Auditors through performance planning, coaching and performance appraisals.
- Hold direct reports and others accountable for managing their audit assignments to ensure the function’s goals are achieved and customers satisfied.
- Provide ongoing feedback to the team to ensure they develop the skills and competencies required for effective planning and individual professional and personal career growth.
- Motivate and inspire the team by providing them with the information and tools they need to do their jobs well and meet stakeholder expectations.
- Deal with performance issues, discipline as necessary, ensuring functional targets and customer satisfaction is not compromised.
This list is not exhaustive; the job holder may be required to carry out additional duties according to business need.
