Internal Audit Manager

As the Internal Audit Manager at our Global Management Consulting firm, you will oversee the internal audit service delivery to a diverse portfolio of clients. Your key responsibilities include managing audit engagements, creating core client deliverables such as annual plans and audit reports, and ensuring compliance with IIA standards. Additionally, you will lead an internal audit team, providing guidance and support to motivate and enhance performance.

To qualify for the Internal Audit Manager position at our Global Management Consulting firm, candidates must be professionally qualified with either IIA, ACA, or ACCA credentials. It's essential to have experience managing and delivering internal audit assignments while also demonstrating the ability to oversee audits in accordance with professional standards. Strong leadership, communication skills, and a proactive approach are also key requirements.

The Internal Audit Manager role at our Global Management Consulting firm offers a flexible working environment that combines remote work with time at our Leeds office. This hybrid model allows you to manage your work-life balance effectively while collaborating with clients and your team. The opportunity encourages both independent work and active team interactions, optimizing productivity and innovation.

Success as an Internal Audit Manager at our Global Management Consulting firm hinges on a mix of technical and soft skills. Key technical skills include a solid understanding of internal audit processes and IIA standards. Additionally, strong leadership abilities to manage and motivate your team, enhanced communication skills for engaging with clients, and the ability to multi-task effectively are essential for thriving in this role.

Career progression for an Internal Audit Manager at our Global Management Consulting firm is promising and dynamic. With demonstrated success in your role, you may advance to senior management positions, overseeing broader internal audit strategies or even transitioning into other leadership roles within the company. Continuous professional development and training will also be encouraged to help you refine your expertise and grow your career.

To ensure compliance with IIA standards during audits, I start by thoroughly understanding the standards and embedding them in all phases of the audit process. This includes planning risk assessments, conducting fieldwork, and preparing deliverables. Regular training and team discussions help keep everyone aligned with the latest standards, promoting a culture of compliance and best practices.

In a previous role, I managed a challenging audit where the client was uncooperative. I approached the situation by fostering open communication and building relationships with key stakeholders. By clearly indicating how the audit would provide value, I gained their commitment and was able to navigate through the challenges effectively.

Motivating my internal audit team involves a blend of recognition, delegation, and personal development opportunities. I celebrate team successes publicly, empower each member with responsibility, and encourage continuous learning through training programs or mentorship. Ensuring a collaborative environment where feedback flows freely also plays a significant role in maintaining high morale.

Prioritizing multiple audit engagements begins with detailed planning and understanding deadlines. I assess the risk and complexity of each engagement to determine their priority. Utilizing project management tools and regular check-ins with my team helps maintain focus and ensures that we allocate resources efficiently to meet all deadlines.

I have substantial experience in developing audit committee papers, having executed several audits that required comprehensive reporting. My approach involves gathering relevant data, summarizing key findings, and presenting actionable recommendations ensuring clarity and alignment with the stakeholders' interests. Keeping it concise yet informative is key for effective communication.

Maintaining effective communication with clients during audits involves setting clear expectations from the outset. I schedule regular updates and feedback sessions, ensuring that they understand our progress and any findings as they arise. My goal is to foster a transparent relationship to build trust and facilitate collaboration throughout the auditing process.

My approach to risk assessments begins with a comprehensive understanding of the client's business environment and its inherent risks. I utilize a combination of quantitative and qualitative methods to identify and prioritize risks, which then inform our audit planning and execution. Engaging in discussions with the management team helps identify any emerging risks as well.

Currently, I see technology playing a crucial role in internal auditing with advancements in data analytics and automation. Furthermore, the focus on risk management and regulatory compliance continues to rise, requiring auditors to adapt. My ongoing engagement with industry trends enables me to implement best practices and leverage new tools effectively.

I handle client feedback regarding audit findings with an open mindset, viewing it as an opportunity for improvement. I engage in constructive discussions to clarify their concerns and present our rationale. If needed, I adjust our recommendations, demonstrating that we value their input and aim for mutually beneficial outcomes.

I find that using comprehensive audit management software significantly enhances the efficiency and accuracy of internal audits. Tools that facilitate data analytics allow for deeper insights, while project management platforms help streamline the auditing process. Leveraging technology in our audits allows for higher precision and better collaboration with the team.