Internal Controls Manager

Job Purpose:

Single point accountability for management and governance and of Internal Controls across Smiths Detection.   Focus will be primarily financial controls, as a result risk and corporate governance focus, but responsibilities will be beyond oversight of items that are delivered by finance team members.

The individual provides leadership in developing and managing the Divisional minimum control frameworks and the implementation and maintenance of the framework across the Detection sites.

Duties:

• Ownership of Smiths Detection Internal Control Framework.
• Responsibility for design of new approach suitable for Detection under a structure separate from Smiths Group.
• Review existing approach and set up new ways of working to ensure comprehensive risk management, focusing on financial controls that achieve appropriate balance between agility and reduction / mitigation of risk.
• Write new policies, review existing documentation and communicate effectively to implement changes effectively.
• Establish a regular cadence of refreshing policies and responding to change requirements.
• While still owned by Smiths Group - provide division level inputs into Group control initiatives, including the Control Self Assessment process, Internal Audit, Internal Controls Enhancement (including Test of Design and Test of Operating Effectiveness) and gap mitigation arising from these.
• In preparation for separation – consider each of these areas and oversee the migration from a Smiths Group led process to a future state control process framework under a demerged or different ownership structure.
• Understand control gaps, define new controls; implement control improvements and remediation plans.  Ensure agreed timeframes are realistic and follow-up regularly to ensure that the division delivers on its promises for control improvements.
• Ensure that the division has appropriate financial controls in place to ensure completeness and accuracy of financial reporting, whilst assessing the burden associated with proposed new solutions, so priorities and risks feed into decision making.
• Proactively drive change and improvements in processes and controls – working closely with divisional management to prioritise and ensure risk-based decisions
• Liaise with Internal and External Auditors on control developments and best practice.
• Maintain the Division wide Delegation of Authority, balancing efficiency and effectiveness as well as maintaining strong financial controls by having the right people signing off on decisions.
• Preparing and presenting training on policies and communicating to Global Finance and wider on changes and to refresh knowledge of policies
• Liaise with Internal and External Auditors on control developments and best practice.
• Ad Hoc projects and tasks as required.