Deputy Head of Internal Audit

Network Rail
85395.00 - 96070.00 GBP Annual
31 May 2024
16 Jun 2024
Job Title
Contract Type
Full Time

Our Internal Audit Team at Network Rail is high performing and comprised of twenty professionals. As trusted advisors, we are responsible for delivering critical insights and independent advice to the board through third line assurance activities.

We are seeking a dynamic, people–oriented professional to join us as Deputy Head of Internal Audit. In this role, you'll be pivotal in ensuring the smooth operation of our internal audit function. You'll have the opportunity to shape our audit strategy, implement quality assurance frameworks, and drive continuous improvement initiatives, all directly contributing to enhancing the safety, reliability, and efficiency of our railway system.

What will you be doing on a day–to–day basis?

  • Support in the development and implementation of a robust and purposeful Internal Audit strategy that aligns with our organisational priorities.
  • Coordinate the annual audit planning process to focus on key strategic risks and areas of importance.
  • Implement a Quality Assurance and Improvement Framework in compliance with IIA Standards thus enhancing the effectiveness and quality of internal audit work.
  • Update the Internal Audit methodology, charter, and behavioural frameworks to align with our strategic objectives.
  • Manage contracts and resource planning for external providers to ensure access to the right skills and expertise within budget.
  • Drive continuous improvement in audit processes, reports, and data analytics adoption.
  • Lead new technology initiatives and systems/tools implementation.
  • Provide board reporting and draft key committee papers, sharing insights and key themes from audit activities.
  • Undertake ad hoc projects assigned by the Head of Internal Audit including deputising when needed.
  • Fostering strong collaboration between Internal Audit and other functions and regions across the business.

What do you need to succeed in this role?

  • Qualified accountant, engineer, or relevant Internal Audit professional (Certified Internal Auditor, Chartered Certified Accountant, or equivalent).
    • Significant relevant internal audit experience, including holding senior audit roles.
  • Excellent written and verbal communication and presentation skills.
  • Strong leadership, people management and influencing abilities.
  • Experience building relationships at the C–Suite level and supporting/challenging senior business leaders.
  • Strong background in professional services, corporate governance, risk, or internal auditing
  • Proven leadership experience in leading internal audit teams.
  • Strong analytical skills.

Vacancy Type: Permanent, Full Time

Location: London Waterloo

Closing date: Thursday 28th March (Late applications will not be accepted)

Interviews: W/C 1st April 2024 (The date may change according to business needs)

Band & Salary: 2C GBP85,395 – GBP96,070 per annum, plus benefits depending upon experience.