7 months ago
Internal Audit Volunteer
International Students House is seeking an Internal Audit Volunteer to ensure that its operations are conducted according to the highest standards by providing an independent, objective assurance function and by advising on best practice. Through a systematic and disciplined approach, the Internal Audit Volunteer will assist ISH to accomplish its objectives by evaluating and improving the effectiveness of risk management, control and governance processes.
About International Students House (ISH)
ISH is a vibrant student centre offering accommodation, social and support services for resident and non-resident British and overseas students. In addition, International Students House encompasses commercial meeting and event spaces, a live music venue and bar, to support its charitable aims.
To provide an affordable "home from home" for students of different nationalities and diverse cultures, supported by a substantial scholarship programme, with the opportunity to live and learn together in a safe and secure community of mutual respect, understanding and international friendship.
Independence and objectivity
To ensure independence, the Internal Audit Volunteer (IAV) is ultimately responsible to the Chair of the Finance & Audit Committee. However, the IAV should give the Senior Management Team (SMT) of ISH an opportunity to comment on any Internal Audit Reports before they are presented to the Finance & Audit sub-committee.
The Finance & Audit sub-committee meets four times a year, usually in February, May, July and December, and this is when the IVA may present reports to the committee.
The tasks of the IAV will be set by the Finance and Audit Committee and will be wide ranging. The IAV will prepare an annual internal plan with input from and approval of the Finance & Audit Committee. The IAV will deliver the audit plan each year and provide reports on their findings and recommendations to management and the Committee.
The IAV will monitor progress with the actions taken to address agreed audit recommendations and report these to the Committee. To fulfil their responsibilities, the IAV may:
Identify and assess potential risks to ISH's operations and assess whether the existing Risk Register procedures adequately reflect these.
Review the adequacy of controls established to ensure compliance with regulatory requirements and best practice guidelines, policies, plans, procedures, and business objectives.
Carry out efficiency assessments to assess whether ISH is achieving Value for Money (VFM).
Carry out ad hoc appraisals, investigations, or reviews requested by the Finance & Audit Committee.
The IAV seeks to promote effective controls at reasonable cost. To achieve this, the IAV is authorised, in the course of his/her activities, to:
Enter all areas of ISH and have access to any documents and records considered necessary for the performance of his/her duties, except for commercially confidential or personnel documents.
Require all members of staff and Management to supply such information and explanations as may be needed within a reasonable period of time.
Request any relevant information from ISH's professional advisers, including but not limited to the External Auditors (currently Moore Kingston Smith) and Legal Representatives (currently BDB Pitmans LLP).
Provide any information requested by the External Auditors (MKS).
Hours and Contract Period
The time commitment is approximately 2 days per month, working on premises and/or remotely. Attendance at the Finance and Audit Committee to present the Internal Audit reports will be required. The appointment is for a 3 year term.
As a volunteer, the IAV will be entitled to a full reimbursement of expenses incurred, in line with ISH's Employee and Volunteer Expenses Policy, plus a meal voucher for each day of volunteering.
Skills, Qualities and Experience
A background in Accounting or auditing i.e. degree in Internal Auditing, Finance, Risk Management or CCAB- qualified accountant, is required.
A minimum of 3 - 5 years of previous Internal Audit experience within the Not-for-Profit sector, including auditing financial records, policies and internal functions.
Experience in dealing and making presentation to Board members
Strong written and verbal communication skills
Excellent research and analytical skills
High levels of integrity and ethical standards
A keen eye for detail to successfully scrutinise data
In-depth knowledge of accounting software and other IT systems and software
Ability to interact with co-workers and form good working relationships at all levels
Please send your CV to firstname.lastname@example.org