Audit

  • We provide

    assurance, insight and advice to the Board and Management

    Colleagues in a group photo at a park all wearing medals
  • We provide

    assurance, insight and advice to the Board and Management

    An aisle of vegetables

"As an auditor you’ll be responsible for providing assurance & insight to a high standard, while playing an active part in driving business change"

We provide independent assurance, insight and advice to the Board and Management. We also keep the Audit Committee informed on whether all key business risks are being managed effectively.
 

We want to be recognised for:

  • Building trust with the business so that colleagues come to us for help in solving complex problems and identifying key risks. We can genuinely improve the business by objectively challenging how it manages these risks, finding solutions and driving and embedding sustainable change
  • Being an active partner for the business by advising and supporting on new initiatives and strategic changes, always making sure that the business is doing the right thing in the right way
  • Championing people development in order to build a widely skilled and experienced team

This is a group function, so you’ll have the opportunity to work with people across the Tesco business, as part of our widely skilled and experienced audit team.
 

Our stakeholders:

  • You’ll engage with stakeholders at all levels and from many different financial and operational areas of our retail business, including emerging brands.
  • You’ll experience working with diverse cultures both within the UK and internationally.


Our team:

  • Across our team there’s a wealth of experience. We have external and internal auditors, specialist IT auditors, store compliance auditors and finance professionals from the Tesco business.
  • We are the most international part of the Group, with teams based in the UK, Europe and Asia — so there are opportunities to work with international auditors.
  • The global team meets every year for training and networking and local teams meet regularly for breakfast sessions, lunch and learning — so there’ll be plenty of chances to get to know your colleagues.

As part of our team, you’ll:

  • Be accountable for five or six financial and/or operational audits at every stage – from planning to reporting and following up on agreed actions
  • Work with the business and stay in regular contact with stakeholders, to make sure audit issues are addressed
  • Carry out ‘in-flight’ reviews of ongoing change initiative projects, to help build a robust control framework
  • Play an active role in our change agenda by finding ways to improve the audit function and help bring about sustainable improvements for our team
  • Drive your own training and keep ahead of trends, so that your work adds value to the business
  • Get involved in other challenges, such as running the annual plan cycle, the annual risk register process, Audit Committee papers and Audit Plan key performance indicator reporting

Becoming part of our team opens up opportunities that you might not get in other roles:

  • The chance to present to senior stakeholders at all levels of the business
  • Being involved in fast-moving projects that bring about changes to our strategy. For example, we recently worked alongside the project team on the Clubcard Fuel Save before the national launch
  • Being able to see a wide range of processes in action across different businesses in the Tesco Group – giving you valuable experience for your career progression
  • Potential for international travel and short-term secondments to other areas of the business


You’ll have an engagement manager for each audit and a development manager to support your training and help you develop in your career with us.

 

“The Audit Team's work on Clubcard Fuel Save added real value and helped us make sure we’d identified and dealt with some potential risks and details that could’ve caused minor inconvenience for customers — before they occurred”
(Leonie Foster, Brand Marketing Director)

'Group Audit plays a key role in helping us to make sure the policies, standards and expectations laid out in our Blueprints are implemented across the Group. Through this collaborative approach, the business can have confidence that the key risks to customers, colleagues and the business are identified and managed, in a manner that meets our objectives and values.'
(Alan Brown – Group Loss and Information Security Director)

  • Outstanding interpersonal skills
  • A solid understanding of the business – from both an internal and external perspective
  • Confidence in the face of complexity, challenge and change – and the ability to get to the root cause of a business issue
  • Excellent written and verbal communication skills, with the ability to explain issues simply and demonstrate credibility when working with stakeholders
  • A strong, confident and independent mindset, with the ability to work under pressure in a fast-paced, rapidly changing environment
  • Lots of motivation, a proactive approach and willingness to take full ownership of your responsibilities, with a focus on the results
  • Strong time and project management skills
  • Delivering multiple audit reviews

Jas Toor – Senior Audit Manager

I joined Tesco as an Internal Auditor in 2009 after qualifying as a Chartered Accountant with PricewaterhouseCoopers.

It was a great opportunity for me to move from practice into the industry, work across a number of functions, develop my management and communication skills and engage with key stakeholders – both in the UK and internationally. I also learned to deliver key audits and implement changes in the business – from developing the Group Bribery guidelines to reviewing the new Hyperion Financial Management system used on our consolidated accounts.

In December 2012, I was promoted to Senior Audit Manager. I was responsible for the Group Audit plan in several areas, including Competition Law, Transfer Pricing, Working Capital and, Trading Law and Technical. I worked with our stakeholders and the Audit Committee to establish guidelines for our Group Led audits and to help assess the global effectiveness of our processes and policies.

Since April 2014, I have managed the Developing Business portfolio. I help our new businesses establish a robust control environment and make sure they respect our PLC framework.

Is this job for you?
I would recommend Internal Audit to anyone eager to travel, ready to develop different skills and keen to implement changes in the business and meet and influence senior stakeholders.



Alasdair Leggate –  NutriCentre Finance Manager

I  joined the Tesco Finance Graduate Programme in 2007 following a Masters in Aero-Mechanical Engineering. I spent two years working across various finance functions within Commercial, Operations and Business Development, while at the same time qualifying in CIMA.

In April 2012, I moved into Internal Audit as a Senior Auditor covering the Tesco Group. I delivered key audits that included a full review of UK Working Capital Management, Supplier Management within Commercial. This included International Sourcing in Hong Kong and Clubcard within Tesco China, Shanghai. I also led the development of the department operations plan, looking to make improvements to processes and ways of working, and took a leading role in developing the 2014/15 Group Audit Plan.

In January 2014, I was promoted to Finance Manager, International Sourcing on a secondment basis. Using key skills developed during my time in audit, I reviewed existing processes for the management of accruals for global shipping and logistics costs, identifying areas of weaknesses leading to P&L exposure.

During my time in audit I was able to develop skills that were vital to the success of my secondment. These skills included being able to understand new processes quickly, identify weaknesses and create clear and workable solutions.

Following this short secondment I joined the NutriCentre subsidiary as Finance Manager. The key skills you need for this role are the ability to prioritise effectively and plan change projects. You also need to be able to keep a calm head in a challenging environment, while supporting and developing a team capable of implementing the growth plans ahead.

Internal Audit was an excellent opportunity for developing the skills I needed to succeed as Finance Director — in particular the ability to plan, to identify risks in processes, the ability to lead the implementation of change across multiple business functions and the ability to communicate effectively with Board-level stakeholders.

Covering audits in Commercial, Operations, Marketing and Finance (including regular contact with the Executive Committee) has given me a rounded knowledge of the business and an in-depth understanding of some of its key functions.