Job Description - Internal Auditor (046254)
Internal Auditor 046254
Organisation
RISK AND ASSURANCE
Job
Internal Audit
Position Type - Full Time
Salary - £55,000
Location – Southwark, London SE1 with hybrid working
(Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4-week period. Hybrid working arrangements can evolve subject to business requirements.)
Contract Type – TfL
Overview of project/role
Risk and Assurance helps TfL serve London more safely, effectively and efficiently by providing integrated enterprise risk management, internal audit, assurance and fraud prevention, and investigation services. We’re responsible for developing and maintaining TfL’s Enterprise Risk Management framework; ensuring integrated assurance of business risks; delivering an independent Internal Audit service; Assurance over the delivery of major projects; and Fraud awareness, detection and investigation services.
We now have vacancies to join our busy team as an Internal Auditor.
You’ll deliver a portfolio of internal audit (IA) and consultancy assignments from the Internal Audit Plan (IAP), managed to time and quality criteria as defined in the department’s professional standards and methodologies. Your work will provide independent assurance to the Executive Committee, TfL Board and Audit & Assurance Committee that TfL's risks are being managed effectively and will improve the efficiency and effectiveness of the governance arrangements in place across TfL and its subsidiary companies.
We are looking for fully qualified internal auditors or accountants with experience of working in an internal audit department.
Key Accountabilities
Your duties will include, but not be limited to:
- Prioritise and deliver a portfolio of IA assignments to agreed milestones following departmental quality standards and methodologies to provide timely assurance over the effective management of TfL risks
- Plan IA assignments in liaison with stakeholders to develop risk-based audit scopes and work programmes that adequately consider key risks in the area being audited
- Deliver and document fieldwork efficiently and accurately, evaluating the evidence to draw appropriate conclusions and drafting reports that clearly and accurately reflect the findings, offer value for money recommendations and meet IA quality standards
- Follow up management actions arising from IA activity to ensure action owners understand their responsibilities and to confirm satisfactory closure by agreed due dates, escalating to the Senior Internal Audit Manager where actions are not being satisfactorily delivered
- Engage with stakeholders across TfL and its subsidiary companies to maintain and disseminate business insight and knowledge, sharing lessons learned and better practice and promoting Corporate Risk & Assurance services
- Deliver IA assignments of a consulting or advisory nature to provide IA outputs that assist the business in its risk management and promote better practice
- Maintain professional competence through continuing professional development to contribute to continuous improvement across Corporate Risk & Assurance and ensure better practice is considered in all IA activity
Skills, Knowledge & Experience
Skills
- Takes a focused approach to planning assignments, involving others as appropriate, in order to meet audit milestones (Essential)
- Effective time management by prioritising key tasks (Essential)
- Able to swiftly build understanding of a business area, draw out key issues and develop effective solutions commensurate with the level of risk involved (Essential)
- Develops working papers that clearly demonstrate how the audit objectives have been met and support audit findings (Essential)
- Excellent verbal and written communicator; prepares engaging reports that clearly and succinctly present the audit findings in a format suitable for the intended audience (Essential)
- Presents views convincingly and robustly to customers and colleagues and effectively manages day-to-day relationships (Essential)
- Highly motivated, results oriented professional who contributes effectively within a team environment (Essential)
Knowledge
- A relevant professional internal audit or accountancy qualification e.g., full Consultative Committee of Accountancy Bodies (CCAB) qualification, or Institute of Internal Auditor's Certified Internal Auditor (CIA) (Essential)
- Knowledge of risks and controls (Essential)
- Knowledge of a relevant professional field such as procurement, finance and accounting, engineering, asset management, project management, or HSE (Essential)
- Knowledge of the Public Sector Internal Audit Standards (Essential)
- Knowledge of TfL's core business (Essential)
- Degree level education or equivalent relevant experience (Highly desirable)
Experience
- Internal Audit experience including delivering a range of audit assignments in a medium to large sized organisation or professional experience in a relevant field such as procurement / project management / finance / governance / HSE / engineering and asset management in a medium to large sized organisation (Essential)
Equality, diversity and inclusion
We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.
Application Process
- Please apply using your CV and a one-page covering letter
- Think carefully about the skills, knowledge and experience in the advert and cover this in your CV and cover letter
- PDF format preferred and do not include any photographs or images
The closing date for applications is 28 October 2024 @ 2359
In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:
- Final salary pension scheme
- Free travel for you on the TfL network
- Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
- 30 days annual leave plus public and bank holidays
- TfL is committed to work-life balance, operating a hybrid working approach where business and role requirements allow
- Tax-efficient cycle-to-work programme
- Retail, health, leisure and travel offers
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