Am I right for a job in Internal Audit?
To succeed in internal audit jobs, you will need to demonstrate core business competencies and strong interpersonal skills to match.
Skills and experience for internal audit jobs
You will need to show:
- Understanding of client business processes
- Analytical mind and ability to identify risks
- Understanding systems and strong IT skills
- Interest in working with systems and processes (not just statutory audit numbers)
- Strong report-writing skills
Personal attributes to succeed as an internal auditor
Employers will typically be looking for individuals with the following:
- Excellent communication and negotiation skills
- Thrive on early responsibility
- Team player - ability to support audit and corporate finance teams
- Flexibility and willingness to travel (including overseas visits)
- Intellectual capability and business awareness
- Change orientated
- Ability to look and plan ahead
The Institute of Internal Auditors lists three career types:
‘Career auditor’
Starting your career in internal audit, gradually working through the ranks to senior level.
‘Fast track’
Starting off in internal audit, you will apply your skills in another department within the organisation, progressing to senior management level.
‘Late career’
Those with previous business, commercial and financial experience may be drafted into internal audit jobs to apply their commercial knowledge.
Hays Internal Audit handles internal audit vacancies in every industry including Banking and Financial Services, Telecommunications, Manufacturing, Property, Media and Television, FMCG, the Public Sector and within Public Practice, both within the UK and abroad.
Financial services
Entry to an investment bank or other financial services company can be through a variety of routes and one of these is Internal Audit.
Banks use auditors for a variety of tasks including value-for-money analysis, risk management, projects, investigations and strategic reviews. These roles can be high profile and involve liaison with senior directors, traders and front and back office staff.
Audit provides a valuable insight into the banking business, structures and markets while recognising potential improvements.
Commercial companies
Blue chips often use their Internal Audit functions as entry points for qualified accountants coming into the business.
They generally look for a two-year commitment to the audit team, during which time you will work in teams on operational risk and strategic reviews and financial projects, gaining a thorough grounding in how the business works and exposure at a senior level, before moving into an operational role if desired.
Public services
Particular emphasis is on NHS, local government, central government, education, housing, charities and other not-for profit organisations. You will gain exposure and build on your experience and knowledge across a broad spectrum of roles and advise clients on both business and compliance issues.
Continue searching for internal audit jobs in the UK.
