Internal Audit Manager

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Job description

Salary: £ 90,635

Closing date: Tuesday, 5 November 2024

Contract type: Fixed Term Contract - End date: July.2025

The Wellcome Trust is a global charitable foundation. We improve health for everyone by funding science, leading policy and advocacy campaigns, and building partnerships.

We plan to spend £16bn over the next ten years, funding new discoveries in life, health, and wellbeing, and taking on three global health challenges: mental health, infectious disease and climate and health.

These challenges need the bold science we support, but they won't be solved by science alone.

We are looking for an Internal Audit Manager to join our team for a c. 6 months contract (end date: July.2025)

Where in Wellcome will I be working?

You will be working in the Internal Audit team, reporting to the Head of Internal Audit.

The Internal audit team assists the Audit and Risk Committee and Executive management to protect the assets, reputation and sustainability of the organisation. The team comprises of 14 team members, assisted by two co-source consulting firms. They perform audits relating to all of Wellcome's activities (e.g. funded institutions, Investments, Strategy, D&T, Finance, Wellcome Collection) as well as Wellcome's subsidiaries (Genome Research Limited, Premier Marinas, Urban & Civic and Leap) and partner institutions.

What will I be doing?

You will be responsible for delivering audits of Wellcome's charitable activities and funded institutions.

As an Internal Audit Manager, you will:

• Lead on audits of funding recipients and Wellcome's research team as well as executing other audits, as determined by the Annual Audit Plan within agreed timescales and provide insight on risks, issues and themes across grant recipients and direct funding; identifying opportunities for improvement and how best to communicate these for action and impact.

• Issue clear and concise reports detailing audit findings, risks and agreed recommendations. Work with management to develop workable solutions to audit findings.

• Manage and plan the grant recipient internal audit activity to deliver the audit plan in an efficient manner - including cross functional activity and the use of third-party resources to deliver a quality audit.

• Monitor and report on management's progress in implementing internal audit recommendations using agreed dashboards / reporting mechanisms as well as follow-up on and review management's progress in implementing internal audit recommendations.

• Develop, evaluate, assess and co-ordinate a flexible, risk-based audit plan, which considers risks or control concerns identified by Wellcome management, and submit that plan to the Audit Committee for review and approval of Risk Based Internal Audit Plan.

• Support the Head of Internal audit on strategic initiatives and projects.

• Contribute to the creation and development of a diverse and inclusive culture across the organisation, collaborating across departments manage team secondees.

Is this job for me?

You will be responsible for leading internal audits at Wellcome with a specific focus on funded institutions , to provide objective and independent assurance over their compliance with Wellcome's grant conditions and policies, and overall adequacy and effectiveness of their systems of risk management and internal controls.

We are looking for someone:

• With Internal Audit experience.

• Educated to degree level or equivalent experience, qualified accountant or Internal Audit / Risk Management Specialist, ideally gained in professional practice or in a large multinational corporate or charity/non-profit.

• Strong understanding of audit principles and methodologies; controls and risk management principles; and good commercial acumen with some level of business exposure.

• Strong planning and organising skills to be able to deliver reviews on time, on budget and in line with quality standards.

• Demonstrated experience in managing teams (including co-sourced providers) in delivering reviews.

• Demonstrated experience in presenting conclusions to senior stakeholders and landing potentially difficult messages.

• Highest levels of integrity and able to effectively build business relationships.

To apply please upload your current CV and complete our short application

Interview dates: From 5th of November

You can view the full job description on our website

You can read more about the benefits we offer our employees on our website

Our Hybrid Way of Working

We understand that our colleagues have commitments and personal interests outside of work and we strive to build a flexible working environment, in which people can perform at their best.

At Wellcome we have a hybrid way of working which is 3 days in our Euston Road offices (Tuesday, Wednesday and Thursday) with the remaining 2 days working either remotely or in the office.

Diversity and Inclusion is at the heart of everything we do

Diversity and Inclusion is a priority at Wellcome. We are committed to cultivating a fair and inclusive environment, where everyone can be themselves and thrive. We are happy to discuss flexible working options for all roles. We work to ensure that our recruitment processes are as inclusive as possible to everyone. This includes making adjustments for people who have a disability or long-term condition. Please visit our website for more information on adjustments and accessibility, or contact us at .

Upon a conditional offer being made, the successful applicant for this position will be required to undertake a Basic Disclosure and Barring Service (or equivalent) criminal record check to disclose any 'unspent' criminal convictions or conditional cautions under the Rehabilitation of Offenders Act 1974. The criminal record check with not show anything that is 'spent'.

For further guidance on disclosure of criminal records please see this UK Government Guidance. You can view our Policy Statement on the Recruitment of Ex-offenders here. You can view our Privacy Statement here.

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