Internal audit
What we do
How we're structured
The roles we recruit for most often
What we look for
Your career prospects
Where you’d work
Group Internal Audit is key to the delivery of our corporate objectives as it reviews, challenges and improves our working practices and mitigates business risks. And, as Nationwide’s business continues to grow, it needs to be more robust and ready to challenge than ever before.
Its responsibilities extend right across the organisation. As a result, each member of the team has the chance to interact with people at all levels across the business.
In the simplest terms, Group Internal Audit provides independent, objective assurance that our internal controls are effective. Specifically it –
- reviews the controls in place across the business, using a risk-based approach to determine the areas we should focus on
- reports its findings to those managers who need to know and who can make sure we take action
- reports to the Audit Committee and senior management
- conducts an annual opinion poll on the controls framework to provide assurance to the Audit Committee
- reviews Corporate projects using a risk-based approach.
Group Internal Audit reports to the Group Finance Director, with a reporting line to the Audit Committee. There are four teams. Each comprises Audit Managers, Senior Auditors, Auditors and Trainees and is led by a Senior Audit Manager.
The teams are:
Governance, Risk and Finance (Northampton based)
- Treasury
- Commercial
- Finance
- Risk Management
- Operational Risk
- Strategy & Planning
Products and Shared Services (Swindon based)
- IT
- IS & BC
- Change
- Products
- Business Services
- Purchasing
- SID
- HR
- Specialist Lending
- Customer Services and Communication
Retail Channels, Processing and Compliance (Swindon based).
- Retail branch network (including agencies)
- Central Retail (e-channels & Direct)
- Channel Support (including Retail Strategy)
- MAA (including payment services)
- Intermediaries
- Legal Compliance
Technical and Development (based in Swindon - supports both sites)
- Audit Committee
- MI
- Processes
- Systems
- Training
- QA
- Audit Plan and Opinion
- Budget
- Departmental Admin
The roles we recruit for most often
- You’ll carry out risk-based audits across a wide range of business areas, getting involved at all stages from scoping the work to preparing the draft report.
- You’ll lead complex audit assignments at an operational and corporate level while bringing the best out in your team. So you’ll need proven coaching and management skills as well as strong technical ability.
Whether you join us as an Auditor or a Senior Auditor you can look forward to absorbing, stretching work that will develop you significantly, both personally and professionally.
Both roles call for –
- the effective verbal and written communication skills to present findings clearly and concisely
- the confidence and credibility to build productive relationships across Nationwide
- broad internal audit experience.
Senior Auditors will also need a relevant professional qualification. Auditors must be keen to study for a qualification.
There are opportunities to move forward both within Audit and elsewhere in the organisation. We monitor your progress through succession planning and have a strong track record of promoting from within.
Continuing professional development (CPD) will be a key part of your development. We’ll make sure you:
- keep up to date with the latest industry developments
- adopt and follow good audit practice on all audit work so that the quality of the assurance is high
- are properly supported by the latest tools and techniques, and by your manager.
In return we’ll help you gain appropriate qualifications, for example CIMA, IIA and CISA and ACCA.
Our main teams are based in Northampton and Swindon. You may sometimes need to travel between the sites and, if necessary, we can provide hire cars and overnight accommodation.