Finance Audit Manager

Job Ref:

Job Title:
Finance Audit Manager



Closing date:
19th June 2018

Job Description

O2 is the commercial brand of Telefonica UK Limited, a leading digital communications company owned by Telefonica S.A. With over 25 million customer across the UK, O2 is one of the world`s most innovative companies putting our customers at the heart of everything we do.

We are more than just a network. We open up the endless possibilities of technology, connecting our customers to the things that they love and exploring new ways to open up the world for them.

We are always on the lookout for great talent. Just like our customers, we our employees more. From a choice of benefits, rewards, training and ongoing career development there are many reasons to join O2.

About the Team:

The General Counsel`s Office is the home of many of the company`s professional advisors. We provide specialist services to Telefonica UK and others in the Telefonica Group as required. We have in common a degree of independence, healthy scepticism and expert focus. We aim to provide effective, timely and consistently high quality advice; and to do so efficiently. We are here to identify and manage risk and to assist in the exploitation of commercial opportunities.

The Business Assurance team have wide ranging responsibilities to provide independent assurance services to the UK Business.

We are responsible for;

-Internal Audit, we work across all parts of the business to provide management, stakeholders and decision makers with the assurance (confidence) that controls and core processes are reliable, effective and being operated as designed.
-Risk Management activities, including maintaining our ISO31000 assessment, Risk consolidation and Risk reporting.
-Internal Control assurance including Internal Control Framework (Sarbanes Oxley) and the operation of preventative and detective controls to support the business.
Corporate Insurance, including the management of all our Insurance Policies and facilitation of queries in relation our Policies.

Your role:

Ensure effectiveness and efficiency of internal control system by means of monitoring, supervision and approval of day to day transactions in order to safeguard company against risks and unlawful activities.

The role will entail the oversight and coordination of SOX audit requirements (including both business controls and ITGCs) following Corporate Audit methodology


-To coordinate, manage and report testing for Sarbanes Oxley compliance and/or Financial Statement audit purposes. This will include coordination of the audit team supporting the engagement, review of work papers as well as managing communications with local management, and the local external auditors.
-To prepare SOX related reporting and presenting results to Senior Stakeholders of the business (Senior Leadership Team level and above) through various Governance meetings;
-Manage the communications and relationship with the Corporate Audit team specially in relation to the planning and delivery of SOX audit requirements;
-To plan, manage and direct the auditors and other relevant resources to ensure that the annual audit plan and any relevant control testing specific to Finance is performed appropriately and with minimum effort and results communicated to senior managements` satisfaction;
-To coordinate and supervise the work of auditors under your responsibility, including coaching and support, management of training, performance reviews as required
-To monitor the degree of implementation of relevant recommendations;
-To forge and maintain working relationships with key stakeholders and decision makers as is required to establish the audit department as a pro-active, value-adding source of expertise, assistance and consulting advice;
-To proactively engage with the business and Risk Business Partners to ensure a co-ordinate approach in relation to risk identification as part of the design and development of new products and propositions and to identify assurance requirements.
-To determine and explore emerging and changing areas and control requirements in the business to ensure that the audit plan and universe is updated regularly and remains appropriate at all times; and
To liaise with the external auditors as required to involve them in the planning, execution and reporting of SOX testing activities with a view to foster and further the reliance on Internal Audit`s work;

Skills & experience:


-ACA, ACCA or CISA qualified, degree educated with strong academics, and relevant qualifications which should be business or finance related.
-Line and matrix management experience, demonstrating the capability to motivate people to achieve excellence;
-A minimum of 6 years of experience in the auditing field, at least two of which must have been in a leadership position within audit;
-Appreciation of the practical requirements of the Sarbanes-Oxley Act and the application of Internal Controls. This also includes understanding of IT General Controls (ITGCs) especially in the context of SOX;
-Good written and oral communication skills with the ability to effectively communicate with relevant stakeholders;
-Good attention to detail with a strong focus on the quality of deliverables;
-High degree of initiative and flexibility, including the ability to prioritise;
-Excellent time management, organisational skills and the ability to manage multiple tasks and projects successfully through to completion;
-Good knowledge of Corporate Governance principles;
-Good understanding of Financial Conduct Authority and Consumer Credit Act requirements

As an advantage, but not essential:

-Spanish speaking
Grade: PCGT

Salary and benefits:

We are looking to pay a competitive salary (depending on experience) for this position, and in addition we have some great benefits such as a bonus, life cover, health care, holiday entitlement and lots of flexible benefits too.

Telefonica`s commitment to a great work-life balance allows us to consider flexible approaches to working. Like to know more? Feel free to raise it.

Joining Telefonica means opening up a world of freedom, support and possibility. A fascinating world where you`ll be able to think bigger, be bolder and try new things. And where there are endless opportunities to develop your career.

There`s so much to discover. Your adventure starts here.

Sorry, this vacancy is closed.

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