Business: Group Risk and Internal Audit

Job Title: Internal Audit Manager

Reports To: Head of Risk and Internal Audit

Purpose of Job:

Inchcape Shipping Services is a global shipping agent providing predominately port agency and marine services as well as market/ port intelligence, operational performance and payment solutions/ cash management to Principal and customers.

The company is dynamic, entrepreneurial and fast-paced with 300 offices in almost 70 countries, with 3 main operational hubs in London, Houston and Dubai.

The recent period of leadership change has strengthened the appetite for a robust internal audit department to use a risk-based approach to provide assurance over the broad spectrum of the Inchcape Shipping Services.

Internal Audit is expected to be experts providing hands on experience to improve risk awareness/ knowledge and improve the overall control environment in all areas.

The main purpose of the job is to carry out the responsibilities of the Internal Audit Manager, covering all control review and internal auditing requirements of Inchcape Shipping Services World and its Group Companies.

This includes:

- Consulting with the business to help identify and document key controls either in place or required to improve the control framework and mitigate key risks.

- Planning and delivering portfolio of audit and control review engagements to provide an independent assessment of the effectiveness of managements controls over managing key group risks.

- This includes planning, conducting and reviewing controls, audit fieldwork and developing audit reports or other deliverables for agreement with the Head of Risk and Internal Audit and key stakeholders.

Work involves:

- Working with the business to identify, document and assess the control in place and required;

- Assisting in the development and production of an internal control framework for the organisation;

- Providing control framework updates on the effectiveness of the controls in place;

- Delivering assigned audits to help ensure timely delivery of the audit plan;

- Assisting in preparing and reviewing periodic reports to the Audit Committee and the Business summarizing results and status of internal controls, audit activities and resulting actions;

- Assisting in the development and production of an Internal Audit Manual including associated Policies and Procedures;

- Identifying red flags in existing systems and processes and assisting in the investigation of suspected fraudulent activities or incidences in the company in accordance with relevant fraud prevention procedures; and

- Ensuring that Internal Audit (IA) complies with and keeps abreast of sound internal auditing principles and best practices, such as guidance provided by the Standards issued by the Institute of Internal Auditors (IIA).

Key Accountabilities:

- Assisting the business in developing the Internal Control Framework;

- Reviewing and testing the effectiveness of Internal Controls;

- Plan and manage audits from scoping through to reporting in a timely manner, including:

- Leading the communications to auditees and entity stakeholders, agreeing scope of audits, liaising during fieldwork and discussing and agreeing audit findings and reports;

Terms of Reference/Scope Development;

- Audit test completion including documentation of work performed;

- Applying judgement to draw conclusions and agree appropriate management actions with auditees, to improve risk, control and governance processes; and

- Drafting Audit Reports for Management and the Audit Committee;

- Applying audit principles to engagements and ensuring compliance with Internal Procedures and IIA Standards;

- Developing and implementing Internal Audit Policies and Procedures;

- Ensuring a high quality of Governance, Risk and control environment within Inchcape Shipping Services.

- Maintaining professionalism, integrity and objectivity;

- Managing key relationships with internal customers and stakeholders, responding to special requests for audits and controls advice;

- Perform follow-up reviews to verify that necessary correctives actions have been implemented to rectify previously identified control weaknesses; and

- Raise awareness and credibility of internal audit within the organization, developing a pro-active, supportive culture towards problem resolution that fosters a spirit of being a key member of the team.

Key Deliverables:

- Internal Control Framework Assurance Reviews and Updates

- Internal Audit Plan

- Internal Scope memo

- Internal Audit working papers

- Internal Audit reports

Presentations to management

- Internal Audit Policies and Procedures

Knowledge, Experience and Skills:

- Professional experience in an internal controls, internal or external audit team, relevant business processes and/ or knowledge of the industry;

- Experience in the development, review and updating of control frameworks;

- Experience in the development, review and updating of audit policies, procedures and templates;

- Possess a strong knowledge of auditing governance, risk management, information technology, finance and commercial operations and have an ability to demonstrate a good understanding of risk, control and governance in an operations focussed business;

- Excel advanced skills including v-look ups, pivot tables, macros etc;

- A self-driven, pro-active and motivated individual with an ability to work independently to deliver factually accurate, professional and proactive audit reports, working with minimal supervision;

- Approachable with good communication and people skills and an ability to influence and enlist support from a wide range of individuals whilst being aware of and respecting cultural differences;

- Able to undertake travel across ISS world at reasonable notice (25-40% usually for 1-2 weeks at a time);

- Demonstrates effective time, organizational and prioritisation skills; and

- Excellent English language skills; demonstrates effective presentation and report writing skills.

Education and Professional Qualifications:

- University degree;

- Audit and/or IT/ accounting qualification i. CMIIA, CIA, CISA, ACCA, or equivalent experience

Management of Risk: (Operational Risk, Health and Safety, Compliance and Corporate Mission Statement.)