Group Head of Risk & Assurance

IAC Search
Central London
Up to £100,000 + Bonus + Benefits
05 May 2022
04 Jun 2022
Contract Type
Full Time

Our client is a cutting edge technology platform that successfully listed on the LSE earlier in 2021. The capital raised will fund further acquisitions and significant investment in developing the current technology further. The group currently have operations in the UK, US and Continental Europe where its niche brands dominant various market segments.

Reporting to the Audit Committee and CFO, this is a newly created role which will bring the current fully out-sourced risk and internal audit function in-house. Detailed responsibilities include:

Enterprise Risk Management

  • Design, implement and maintain a strategic risk management framework and processes and ensure that they are embedded across the Group.
  • To monitor and report to the Board and Audit Committee on the company’s risk management systems and to provide an annual opinion on internal control to the audit committee and board.
  • Lead risk processes with senior management for identification of key risks and appropriate mitigation programmes are provided and overseen to completion.
  • Support the Board in the identification and monitoring of the Principal Risks and consideration of long terms horizon scanning and discussing risk appetite.
  • Assisting in the design, implementation and maintenance of policies and procedures for relevant risk management strategies. Provide assurance to the Audit Committee that internal controls and risk identification processes are robust.
  • Write the content for the Annual Report for the Principal Risks and Uncertainties and the Risk and Controls sections.

Internal Audit

  • To prepare a risk based annual audit plan by reference to external influences, key documents such as the strategic plan, business plan, risk registers and discussions with management and external audit.
  • Deliver a risk based, value added internal audit capability ensuring it is linked to the strategic direction of the Group adding value by sound, commercial based recommendations and driving business improvement and effective risk management.
  • Provide independent and objective assurance over the design and operation of the governance framework, risk management measures and control processes in place.
  • Responsible for identifying and assisting in documenting existing internal finance and disclosure controls, implementing and documenting new internal controls, and establishing an internal monitoring function to audit the Group’s compliance with such internal controls.
  • Perform Internal Audits across the Group both at the operational and financial level – these should be risk based with key controls assessments to provide business assurance and enhancement of the system of internal control.
  • To report regularly to the group Audit Committee progress against the audit plan and the findings of work undertaken. To follow up regularly on the progress in implementing agreed audit recommendations and present the findings to the Group Audit Committee.
  • To prepare written audit reports at the completion of each audit detailing the findings and prioritised recommendations for improvement. The reports should be discussed with management and their formal responses included in the report for presentation to audit committee.
  • Where appropriate manage the use of third-party resources through co-sourcing arrangements on specialist technical reviews.
  • Implement clear systems for measuring effectiveness and the value Internal Audit delivers incl. general feedback from peers and key business stakeholders as well as occasional benchmarking against industry best practice.
  • Liaise with the External Auditors with respect to Internal Audit activity and control findings across the Group.

This role will a require an individual with significant previous experience in both Risk Management and Internal Audit in a listed plc environment. The business operates in a low regulation environment but sets FTSE 100 expectations for its own controls agenda. Previous experience must have been gained in a tangible product sector as an understanding of inventory, distribution and supply chain issues as well as B2C technology solutions will be essential. The other key success criteria will be excellent relationship building skills and the ability to demonstrate the value of the audit and controls agenda in an immature but complex organisational structure.

The role will require an average of 2 days a week in the Central London office and a limited amount of international travel. We can consider individuals looking for a reduced hours contract equivalent to 3 or 4 days a week.

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