Head of ICFR Testing
Posted 1 day ago by Salt
£900 Per day
Inside
Hybrid
London Area, United Kingdom
Summary: The Head of ICFR Testing will lead the development and scaling of the Internal Controls over Financial Reporting (ICFR) testing function during a significant growth phase. This role involves designing and implementing a robust ICFR testing and SOC assurance program across a global organization. The ideal candidate will possess extensive experience in building ICFR and SOC control programs and managing high-performing teams in complex environments. The position requires strong leadership, stakeholder management, and a focus on continuous improvement in internal controls and compliance.
Key Responsibilities:
- Lead and manage the ICFR Testing team, fostering a culture of quality and continuous improvement.
- Build team capability through recruitment, mentoring, and upskilling initiatives.
- Establish clear testing methodologies, KPIs, and quality assurance mechanisms.
- Design, implement, and oversee the end-to-end ICFR testing framework.
- Drive hands-on implementation of SOC controls and assurance processes.
- Develop testing procedures, templates, and documentation standards.
- Lead walkthroughs, control design assessments, and operating effectiveness testing.
- Partner with internal stakeholders, external auditors, and assurance providers.
- Deliver timely reporting on control testing results and remediation progress.
- Identify opportunities to enhance automation, tooling, and analytics.
- Build and mature the organization’s SOC assurance and ICFR capabilities.
- Stay abreast of emerging trends and regulatory developments in ICFR and SOC.
Key Skills:
- 10+ years of experience in internal controls, ICFR, SOX, or SOC assurance programs.
- Proven experience designing and implementing ICFR/SOC testing frameworks.
- Strong IT general controls (ITGC) and business process control testing experience.
- Prior external audit or assurance background (Big 4 or equivalent preferred).
- Demonstrated success in rolling out SOC control programs.
- Experience in global, complex organizations across multiple jurisdictions.
- Excellent stakeholder management and communication skills.
- Ability to work independently and manage ambiguity.
Salary (Rate): £900 daily
City: London
Country: United Kingdom
Working Arrangements: hybrid
IR35 Status: inside IR35
Seniority Level: Senior
Industry: Finance
Head of ICFR Testing (Internal Controls / Finance / Risk & Compliance) – Nottingham/London
Day rate: £700 - £900 (inside IR35)
Duration: 12 months
Start: ASAP
Hybrid: 1 day per week
My new client is looking for an experienced Head of ICFR Testing (Contractor) to lead, develop, and scale our Internal Controls over Financial Reporting (ICFR) testing function during a period of significant growth. This role will play a pivotal part in designing, implementing, and embedding a robust ICFR testing and SOC assurance program across our global organization. The ideal candidate will have hands-on experience in building ICFR and SOC control programs from the ground up, extensive IT and business controls expertise, and a proven track record of managing and scaling high-performing teams in complex, global environments.
Key Responsibilities
- Leadership & Team Development
- Lead and manage the ICFR Testing team (currently 7, growing to 14), fostering a culture of quality, accountability, and continuous improvement.
- Build team capability through recruitment, mentoring, and upskilling initiatives to support the growing scope of the control environment.
- Establish clear testing methodologies, KPIs, and quality assurance mechanisms to ensure consistency and excellence across all testing activities.
- ICFR & SOC Programme Delivery
- Design, implement, and oversee the end-to-end ICFR testing framework, ensuring alignment with global regulatory and compliance standards (e.g., SOX/SOC).
- Drive hands-on implementation of SOC controls and assurance processes, ensuring readiness for external attestation.
- Develop testing procedures, templates, and documentation standards from scratch, embedding best practices across business and IT control areas.
- Lead walkthroughs, control design assessments, and operating effectiveness testing for key financial, operational, and IT controls.
- Governance & Reporting
- Partner with internal stakeholders, external auditors, and assurance providers to ensure effective communication and coordination across testing cycles.
- Deliver timely and insightful reporting on control testing results, deficiencies, and remediation progress to senior management and audit committees.
- Support global control standardization and harmonization initiatives to drive efficiency and consistency across regions and business units.
- Continuous Improvement & Capability Building
- Identify opportunities to enhance automation, tooling, and analytics within the control testing process.
- Build and mature the organization’s SOC assurance and ICFR capabilities, ensuring scalability and sustainability.
- Stay abreast of emerging trends and regulatory developments in ICFR, SOC, and IT controls, proactively adapting practices as needed.
Key Requirements
- Essential: 10+ years of experience in internal controls, ICFR, SOX, or SOC assurance programs, including leadership of testing or compliance functions.
- Proven experience designing and implementing ICFR/SOC testing frameworks from scratch.
- Strong IT general controls (ITGC) and business process control testing experience.
- Prior external audit or assurance background (Big 4 or equivalent experience strongly preferred).
- Demonstrated success in rolling out SOC control programs and achieving assurance readiness.
- Experience working within global, complex organizations, preferably across multiple jurisdictions and business models.
- Excellent stakeholder management and communication skills, with the ability to influence at all levels.
- Ability to work independently, manage ambiguity, and deliver high-quality results under tight timelines.