Senior Audit Manager

Department:  Finance
City:  London
Country:  GB

INTRODUCTION

Founded in 1856, Burberry today remains quintessentially British, with outerwear at its core.  Digital luxury positioning and intensive focus on design innovation, quality and heritage icons ensure continued brand purity and relevance globally across genders and generations. Burberry believes that in order to be a great brand it must also be a great company and constantly leverages the energy of its compassionate and creative thinking culture to continually innovate and drive the brand forward. Headquartered in London, Burberry is a design, marketing and retail led business with a global reputation for innovative product design, digital marketing initiatives and dynamic retail strategies.

JOB PURPOSE

This a key role to support the Group in meeting its strategic objectives by championing best practice in risk management, governance and controls. You will provide independent assurance and guidance to the Board and the Audit committee on the adequacy and effectiveness of the group's control environment, and support the business in optimising controls and process efficiency and in protecting value and supporting growth. You will also be responsible for supporting the function in delivering its agreed objectives and meeting KPIs.

RESPONSIBILITIES

 

  • Support the SVP Group Risk & Assurance to deliver the agreed strategy and objectives for the function. As a member of the IA leadership team assist the SVP with the preparation of Audit Committee papers, Risk Committee papers and monthly reports for senior Executives.
  • Actively contribute to the development, profile and strategic direction of the Internal Audit Department
  • Lead relationships with key stakeholders to ensure Internal Audit remains a relevant, valued business partner by stakeholders.
  • Work collaboratively with other Senior Internal Audit Managers to develop the Audit Universe and the resulting Annual Audit Plan and the ongoing management of audit delivery, scheduling and team workload.
  • Lead the delivery of assigned audits and specific risk management and programme assurance activities
  • Demonstrate/ draw on control expertise to design pragmatic and relevant audit recommendations that are implemented. 
  • Oversee and review work performed by junior staff prior to final review, ensuring all work papers contain sufficient evidence on which to base conclusions, are of a sufficient standard to minimise the number of review points required by audit management, and are of appropriate quality to allow “reperformance” and facilitate reliance on IA’s work where necessary.
  • Actively coach and develop all junior staff by role modelling the desired technical, leadership and business partnering skills expected from Internal Audit.
  • Review and make sound judgement on the design and operating effectiveness of controls in place to protect value and support growth. (This includes financial and non-financial controls and the prevention and detection of fraud and corruption and providing consulting support where appropriate on the design of processes and controls.
  • Provide input on control arrangements and risks relating to major projects, programmes and policies
  • Provide a balanced view on how significant any weaknesses or issues are and make recommendations for improvement as appropriate.
  • Establish a robust quality assurance process that ensures professional internal audit standards are being complied with consistently across the organisation. Put in place an adequate ongoing monitoring process and periodic review of internal audit files to ensure reports are evidence based and of good quality.
  • Liaise closely with external audit to share knowledge and use resources effectively.
  • Demonstrate how audit can add value across the organisation by providing relevant examples of best practice and practical solutions and recommendations.
  • Keep up to date with developments in governance, risk, control and auditing, networking with other heads of audit.

PERSONAL PROFILE

Required

§   Financial Qualification (ACA, CIMA, ACCA) or Internal Audit Qualification (IIA, CIA).

§   Demonstrable experience in an Internal Audit or Risk Management role.

§   Comprehensive experience with application of risk based audit methodologies across operational and financial areas

Desirable

§   Knowledge of good practice governance and control – process and control re-design

§   Experience of other FTSE 100 companies or benchmark companies

§    Retail experience

§   SAP ERP experience


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