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- Tasks: Lead Group Audit activities and manage a team of auditors to deliver risk-based audits.
- Company: Join Tesco, a leading retailer committed to serving customers and communities sustainably.
- Benefits: Enjoy up to 45% annual bonus, 25+ days holiday, private medical insurance, and flexible working options.
- Why this job: Be part of a high-performance culture, develop future leaders, and make a real impact on risk management.
- Qualifications: CIMA, ACA, ACCA, or IIA qualified with significant audit experience in large organizations.
- Other info: Diversity and inclusion are core values; we welcome everyone to be their authentic selves at work.
The predicted salary is between 54000 - 84000 £ per year.
The following content displays a map of the job’s location – Shire Park, Kestral Way, Welwyn Garden City.
Closing Date: 29/01/2025
Job Category: Finance
Business Unit: GB Head Office
What’s in it for you
We’re all about the little helps. That’s why we make sure our Tesco colleague benefits package takes care of you – both in and out of work. Click Here to find out more!
- Annual bonus scheme of up to 45% of base salary
- Holiday starting at 25 days plus a personal day (plus Bank holidays)
- Private medical insurance
- Retirement savings plan – save between 6% – 10% and Tesco will contribute 1.5 times this amount
- 26 weeks maternity and adoption leave (after 1 years’ service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 6 weeks fully paid paternity leave
About the role
At Tesco, we believe in the power of spending more time together, face to face, than apart. So, during your working week, you can expect to spend 60% of your time in one of our office locations or local sites and the rest remotely. We also recognise that life looks a little different for each of us. Some people are at the start of their careers, some want the freedom to do the things they love. Others are going through life-changing moments like becoming a carer, nearing retirement, adapting to parenthood, or something else. That’s why at Tesco, we always welcome a conversation about flexible working. So, talk to us throughout your application about how we can support.
As Head of Audit, you will lead Group Audit activities and deputise for the Group Audit Director. You will lead a team of auditors and subject matter specialists (co-sourced and internal experts) to deliver risk-based audits. While partnering with the business, you will help identify the key risks, assess how these risks are managed and identify recommendations that will address the root causes of the problems, and in turn, genuinely improve the risk management within the business.
You will be responsible for
- Ownership of a number of key functional leadership roles (Audit PMO, Data Analytics Strategy, Methodology & Continuous Improvement)
- Co-lead a ‘high performance’ team culture change; Developing future audit leaders through investment and coaching in HIPO talent pool.
- Building relationships with business stakeholders (across People, Product, Tesco Mobile and Corporate Comms) to ensure that the key risks in each business unit are understood, the key developments and change projects are monitored, and audit issues are addressed in a timely and effective manner.
- Lead the development of a dynamic and risk-based internal audit plan taking into account the internal and external risks, other developments and change in the organisation to create a prioritised plan.
- Full accountability for a team of auditors delivering a programme of complex audits (strategic, operational, change, financial or compliance) from planning to reporting, including execution of data analytics.
- Analysing large volumes of data from various systems and translating it into digestible information for the team, management, and stakeholders to use for decision-making.
- Prepare regular impactful progress updates for Executives and Audit Committee; Facilitating workshops with cross-functional stakeholders to drive follow up/conclusion of agreed actions arising from audits.
- Accountable for the delivery of high quality, impactful and value-adding internal audit reports;
- Performing ad hoc “in-flight” reviews of ongoing change initiative projects, to build a robust control framework; Utilising and managing SME resources to supplement the skills internally to perform more technical reviews.
- Forecasting and managing budgets effectively.
You will need
- CIMA, ACA or ACCA qualified Accountant or IIA qualified Auditor or other suitable qualification.
- Significant internal or external audit experience including Enterprise Risk Management (ERM) experience from with a large, complex business in Retail and/or FMCG
- Proven functional leadership/management (including Line Management) experience.
- Proven innovation and change experience.
- Understanding of governance and compliance requirements, and related processes in large and complex organisations.
- Excellent analytical and problem-solving skills including experience in delivering assurance.
- Strong influencing skills with the ability to build stakeholder relationships. A strong desire to learn.
About us
Our vision at Tesco is to become every customer’s favourite way to shop, whether they are at home or out on the move. Our core purpose is ‘Serving our customers, communities and planet a little better every day’. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet.
Diversity, equity and inclusion (DE&I) at Tesco means that whoever you are and whatever your background, we always want you to feel represented and that you can be yourself at work. In short, we’re a place where Everyone’s Welcome . We’re proud to have been accredited Disability Confident Leader and we’re committed to providing a fully inclusive and accessible recruitment process. For further information on the accessibility support we can offer, please click here.
We’re a big business and we can offer a range of diverse full-time & part-time working patterns across our many business areas, which means that we can find something that works for you. We work in a more blended pattern – combining office and remote working. Our offices will continue to be where we connect, collaborate and innovate.
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Head of Audit employer: Tesco
Contact Detail:
Tesco Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Audit
✨Tip Number 1
Familiarize yourself with Tesco's core values and mission. Understanding how your role as Head of Audit aligns with their vision of serving customers and communities will help you articulate your fit during interviews.
✨Tip Number 2
Network with current or former employees in similar roles. They can provide insights into the company culture and expectations, which can be invaluable when preparing for discussions with hiring managers.
✨Tip Number 3
Highlight your experience in leading teams and managing complex audits. Be ready to discuss specific examples where you've driven change and improved risk management processes in previous roles.
✨Tip Number 4
Prepare to discuss your approach to building relationships with stakeholders. Since this role involves collaboration across various business units, showcasing your interpersonal skills will be crucial.
We think you need these skills to ace Head of Audit
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Head of Audit position. Understand the key responsibilities and required qualifications, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to highlight relevant experience in internal or external audit, risk management, and leadership roles. Use specific examples that demonstrate your skills in these areas.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role at Tesco. Mention how you can contribute to their vision and values, particularly around diversity and inclusion.
Highlight Your Achievements: In both your CV and cover letter, focus on quantifiable achievements from your previous roles. For example, discuss how you improved audit processes or led successful teams, as this will resonate with the hiring managers.
How to prepare for a job interview at Tesco
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the Head of Audit role. Familiarize yourself with the key responsibilities, such as leading audit activities, managing a team, and developing risk-based audit plans. This will help you articulate how your experience aligns with the job requirements.
✨Showcase Your Leadership Skills
As this position involves leading a team, be prepared to discuss your leadership style and experiences. Highlight any previous roles where you successfully managed teams, developed talent, or implemented change initiatives. Use specific examples to demonstrate your impact.
✨Prepare for Technical Questions
Expect questions related to audit methodologies, risk management, and compliance requirements. Brush up on your knowledge of CIMA, ACA, ACCA, or IIA standards, and be ready to discuss how you've applied these in past roles, especially in complex business environments.
✨Emphasize Stakeholder Engagement
Building relationships with stakeholders is crucial in this role. Prepare to discuss how you've effectively collaborated with different departments in the past. Share examples of how you influenced decisions or drove initiatives by engaging with key stakeholders.
