Internal Auditor

Internal Auditor job description

An Internal Auditor works within a company to monit or and assess how risks are being managed and how internal processes are working. They act as consultants, applying a systematic methodology to their work, looking at ways in which to evaluate the effectiveness of risk management and improve how a company operates overall.

Internal Auditor duties and responsibilities of the job

An appropriate Internal Auditor job description should include the following functions:

Evaluating the company's compliance program

Evaluating how well risk management is being handled within a company - evaluating information security and risk exposures

Reporting on risk management issues

Performing an analysis on how the company will perform in the case of business interruption

Providing continued education and advice to different business units and teams regarding compliance and risk assessment

Anticipating emerging issues through data and assessment

Communicating with a variety of stakeholders

Internal Auditor job qualifications and requirements

A degree in one of the following fields should be included as a qualification requirement for Internal Auditing:

Accountancy

Economics

Finance

Computing

Business Studies

Anyone looking to work in this industry will also be expected to display the following qualities:

Attention to detail is imperative

Organisation and time-keeping

The ability to keep calm under pressure, especially when there are tight deadlines

The ability to think objectively

Strong communication skills, both verbal and written should also be included in an Internal Auditor job description, as there will be ongoing communication with teams in other business units and the senior management team.

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Microsoft Excel

SAP S/4HANA

Spreadsheets

Microsoft Word

Audit Program

Auditing

Internal Audit

Internal Control

Compliance

Procedures

Salary for Internal Auditor

97500 - 110500

25th Percentile

97500

The applicant has limited or no experience in the position and is still developing their skills.

Demand: Low

50th Percentile

103000

The applicant has an average level of experience and has most of the necessary skills.

Demand: Moderate

75th Percentile

110500

The applicant has above-average experience, has (nearly) all necessary skills, and may also have specialised qualifications.

Demand: High

Projected salaries for related positions

Position title

25th Percentile

50th Percentile

75th Percentile

Senior Internal Auditor

120500

128000

140000

Internal Audit Manager

129000

147000

164500

Auditor - Financial Services

87500

98000

107000

Internal Audit Manager (Financial Services)

141500

161500

181000

Senior Internal Audit Manager (Financial Services)

113500

127500

143000

Head of Internal Audit (Financial Services)

184000

224500

292500

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