Internal Auditor

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., 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., 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
  
  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)


• Degree level education or equivalent relevant experience (Highly desirable)


• Knowledge of a relevant professional field such as procurement, finance and accounting, engineering, asset management, project management, or HSE (Highly desirable)


• Knowledge of the Public Sector Internal Audit Standards (Highly desirable)


• Knowledge of TfL's core business (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 (Highly desirable)


Equality, diversity and inclusion

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


• Private healthcare discounted scheme (optional)


• Tax-efficient cycle-to-work programme


• Retail, health, leisure and travel offers


• Discounted Eurostar travel