Internal Controls Manager

About The Role Balfour Beatty has an exciting opportunity for a Internal Controls Manager to join our growing team.

Base Location can be flexible for this role As an Internal Controls Manager you will support the Group Head of Internal Controls in the day- to-day management of the Internal Control framework that safeguards the

organization’s global operations, financial reporting, and compliance with laws and

policies. This role will include coverage of all Group Controls

What you’ll be doing

• Maintain and refine the Balfour Beatty (BB) internal control framework in line with organizational changes and changes to BB’s risk profile, with a goal of maturing the control environment through ongoing collaboration with control owners.
• Responsible for internal control procedures and standards that align with industry best practices to strengthen the control environment and ensure control systems are designed to provide reasonable assurance in achieving operational, financial reporting, and compliance objectives.
• Maintaining ongoing Compliance with Provision 29 Requirements through oversight of 1st line self-assessment and 2nd line testing programs to provide the Audit & Risk Committee with assurance material controls are operating effectively.
• Provide support to the Group Head of Internal Controls with a variety of reporting including to Audit and Risk Committee on control effectiveness, significant risk exposures, control test results, and status of remediation plans.
• Ensures that control deficiencies are identified and documented, and that there is a robust process for following up on and remediating any weaknesses or gaps in controls. Where the deficiency relates to a material control, ensuring the weakness is escalated and resolved quickly and in line with the requirements of Provision 29.
• Promote a strong control-conscious culture across the organization through active collaboration with control owners and delivering training programs and awareness initiatives to educate management and staff on internal control principles, policies, and their own responsibilities in the internal control process.
• Act as a liaison between various stakeholders to ensure an integrated approach to governance, risk, and compliance (GRC). Working closely with first-line process owners to support them in implementing effective controls, with Risk Management and Compliance functions (second line) to align controls with enterprise risk management programs, and with Internal Audit (third line) to coordinate efforts and reduce duplication to create a unified risk management framework and ensures that control issues identified by internal or external audits are quickly addressed.

Who we’re looking for

Experience

• Experience in internal controls, external or internal audit.
• Ability to build strong relationships with multiple stakeholders at various levels
• Strong organisational skills with ability to multitask and prioritise workload
• Proficiency in excel
• Prior experience utilising Optro is desirable, but not essential.
• Experience working with regulatory standards (e.g. Provision 29, Sarbanes- Oxley or equivalent frameworks in other jurisdictions) and cross-functional projects is valuable.
• Experience of working in the Engineering and Construction Industry preferred, but not essential.

Knowledge

• Knowledge of internal control frameworks and industry regulations, specifically Provision 29 of the UK Corporate Governance Code. Familiarity with global best-practice models like the COSO Internal Control – Integrated Framework (which encompasses control environment, risk assessment, control activities, information & communication, and monitoring)

Skills

• Has good interpersonal and communication skills and acts in an independent and professional manner with the ability to influence others
• Is a self-starter who manages their own time and workload and brings ideas to add value to the function with strong task management, prioritisation and planning skills.
• The internal control framework covers a wider breadth of areas and requires flexibility and curiosity to understand all areas of business operations and functions.
• Strong analytical thinking and attention to detail to analyse complex processes and data to detect weaknesses or trends, perform root-cause analysis on control failures, and develop practical solutions.
• A strong sense of ethics, integrity, and prof…