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    4. Risk, Internal Audit and SOX Controls Graduate London 2023
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    Formula 1 has a duty to conform to statutory reporting and control responsibilities, including the provisions of the Sarbanes-Oxley Act of 2002 (“SOX”).

    The Role

    You will join the Risk, Internal Audit & SOX Compliance team and play a critical role which will involve:

    • Ensuring ongoing compliance with the requirements of SOX across Formula 1
    • Assisting in developing/maintaining a risk register and ongoing assessment process
    • Performance of Internal Audit reviews to provide independent assurance that the business’ risk management, governance and internal control processes are operating effectively

    Alongside your core responsibilities of supporting the SOX, IA, and Risk functions, you will also gain further exposure to the business with the opportunity to support discrete accounting or operational projects as they arise.

    We will also support you through obtaining an accountancy qualification (ACA) including tuition fees, materials, and time off to study. You will be studying for the ACA as part of an Apprenticeship scheme so at the end of your training period will be ACA qualified and hold a Level 7 Apprenticeship.

    The training for these qualifications will take around 3 years and includes a mixture of skills based workshops, practical work experience and formal exams. The time and effort required to complete this qualification should not be underestimated and we recommend candidates research this qualification before applying.

    Main Duties and Responsibilities

    • Performance and documentation of business process walkthroughs and control testing
    • Performance of periodic audits in accordance with approved annual audit plans
    • Assistance in the management of Formula 1 risk register and ongoing management functions
    • Ad-hoc project work to support the business when required e.g., preparation of annual statutory accounts

    Other

    • To complete all mandatory training within specified timelines.
    • To always operate safely in line with Company health and safety requirements.
    • To undertake other duties within your capabilities as your Department Manager or Team Manager may assign to you from time to time.

    The primary location of this role will be our St James Market office in London with occasional travel to our Media and Technology Centre in Biggin Hill.

    Key Relationships

    • Direct reporting to Head of Risk, Internal Audit and SOX Compliance of Formula 1
    • Frequent interactions with business process owners across finance functions of Formula 1
    • Regular interaction with HR, Circuit Logistics, Freight, Cybersecurity, Legal and Sporting divisions as part of wider Risk management and Internal Audit reviews

    Specification

    • Educated to degree level or equivalent – preferably related to Finance/Maths/Business
    • Strong project management skills
    • Exceptional communication skills (written and verbal)
    • Excellent and insightful analytical skills
    • Excellent business acumen (e.g., knowledge of business drivers, findings solutions and knowledge of accounting, finance, and other business areas)
    • Proficient with the use of Microsoft Office, including Excel.
    • Full professional proficiency of the English Language (written and spoken)