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Internal Audit Volunteer

International Students House
London (Central), London (Greater)
Unpaid role, expenses paid
Closing date
2 Oct 2021
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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.

Our mission 

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.

Role Responsibilities

  • 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.

Independence, objectivity, and authority

To ensure independence, the Internal Audit Volunteer (IAV) is ultimately responsible to the Chair of the Finance & Audit Committee. The Finance & Audit sub-committee meets four times a year, usually in February, May, July and December, and this is when the IAV may present reports to the committee.

To promote effective controls the IAV is authorised to access all areas, documents and records  considered necessary for the performance of his/her duties, except for commercially confidential or personnel documents, and to request relevant information from ISH’s professional advisers.

Time Commitment

The IAV will normally carry out audit investigations 2 days per month, and an additional 2 days per month for report writing and attendance at committee meetings, working on premises and/or remotely.

Skills and Experience Required

Significant experience and a degree/qualification in Finance, Accountancy, or Risk Management is needed. The successful candidate should be able to form good working relationships at all levels, have excellent IT, documentation, and communication skills to report at Board level, be an analytical thinker and able to think objectively, and have meticulous attention to detail.

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