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Internal Auditor Apprentice

Employer
Medical Defence Union
Location
One Canada Square, London, E14 5GS
Salary
£22,659.00 annually
Closing date
8 Jul 2022

View more

Specialism
Other
Sector
Unspecified
Role Type
Apprenticeship, Higher
Start Date
August
Duration
Permanent
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What will the apprentice be doing?

Internal Audit Practitioner Apprenticeship Level 4

Apprentices will complete two qualifications as part of this programme:
  • IIA (Chartered Institute of Internal Auditors) Certificate in Internal Audit and Business Risk.
  • Internal Audit Practitioner.

The Certificate in Internal Audit and Business Risk is a practical, accredited, modular course that provides a thorough grounding in the practice and principles of audit, governance, risk and assurance. Learners will complete four individual awards each covering a key area of internal audit.

The Internal Audit Practitioner designation has been designed to support new internal auditors as they take their first step toward becoming professionally qualified. To prepare apprentices for the exam they will attend an eight week comprehensive programme with a blended learning solution, incorporating social learning, tutor support and online virtual classes.

An apprenticeship has to be relevant to the job you are undertaking and you must dedicate 20% of your time towards it.

What training will the apprentice take and what qualification will the apprentice get at the end?

Internal Audit Reviews and Support:

Undertake risk based internal audit reviews in line with the internal audit methodology and support the Senior Internal Auditor with reviews and / or undertake own assigned work including:
  • Assist with the planning of internal audit work and scope of the review including producing terms of reference.
  • Perform audit testing and fieldwork.
  • Understand the business processes from start to finish by conducting/assisting with walkthroughs, meetings with the business and documenting flowcharts or meeting/notes
    Keep the business informed of progress of the review including communication of any observations/findings and obtain/assess business feedback.
  • Propose and agree practical recommendations with the business.
  • Produce clear and concise written output including working papers, draft observations and reports.
  • Identify and assess risks in the business processes and assess the key controls in place and identify any controls that are missing.
    Perform test of controls and analyse and conclude on the testing.
  • Identify observations and understand root causes of business improvements or unmanaged risks.

Follow up Process - Internal Audit Actions:
  • To log all internal audit actions on the "Magique" system once agreed with the right owner.
  • To take responsibility for the training needs of new action owners as well as sending guidance reminders to existing action owners.
  • To ensure departments are reminded of their follow up action responsibilities regularly and provide update on progress or seek approval to extend audit action deadline.
  • To track and follow up audit actions to promote completion by the business and then testing to assess whether the remediation work addresses the original risk raised.
  • To assist with the production of reports to the Executive and Audit and Risk Committee on the status of the audit actions and working with departments who need to present to the Audit and Risk Committee.

Development of Internal Audit Methodology:
  • To provide input into the development of internal audit methodology including the internal plan/programme, risk management system and peer review process.
  • To keep up to date with the latest internal audit techniques, risk topics and review for input into Risk Assurance work.
    To attend webinars, training and to perform research on topics that can improve/broaden Risk Assurance ways of working.

Project Work/Systems and Testing:
  • To support the Head of Risk Assurance with any project activities such as investigation of incidents, additional testing of controls or implementation of any ongoing controls testing.
  • To support the Head of Risk Assurance with any analysis of l risks and testing of the accuracy of risk registers or annual analysis of the work of internal audit.

What is the expected career progression after this apprenticeship?

There is no guarantee of a permanent position after the apprenticeship.

Requirements and prospects

Desired skills and personal qualities

Communication skills, Attention to detail, Organisation skills, Problem solving skills, Presentation skills, Administrative skills, Analytical skills, Logical, Team working, Creative

Qualifications

GCSE or equivalent Maths (Grade 9/A* - 4/C) Essential
GCSE or equivalent English (Grade 9/A* - 4/C) Essential

Things to consider

Benefits include: 22 days holiday, private medical insurance, company sick pay, pension scheme, interest free season ticket loan, ride to work scheme, discounted gym membership and employee assistance programme.
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