Director Internal Audit

4 months ago

Sydney, Australia Cochlear Ltd Full time

Cochlear is the global market leader in implant hearing solutions. Cochlear's mission is to help people hear and be heard. Around the world, more people chose a Cochlear-branded hearing implant system than any other. A Cochlear Implant is an electronic device that is surgically implanted under the skin near the ear that restores hearing to those who suffer from severe hearing loss. It’s an incredible piece of engineering and the only product in the world that restores a sense through technology. Imagine using your experience to help people around the world to hear again. We can offer a unique opportunity to join Cochlear, an iconic Australian company, leading the world in implantable hearing solutions. Our mission is to help more people to hear.

The Opportunity

As the Director of Internal Audit at Cochlear, you will play a crucial leadership role within the Group Internal Audit team, overseeing the end-to-end audit function. You will be responsible for developing and implementing the Internal Audit Strategy, including designing the future state of the Internal Audit function and leading the transition to a Global Co-Sourced Internal Audit provider. This role is critical in ensuring that Cochlear’s governance, risk management, and control frameworks are fit for purpose and operate effectively.

Key Responsibilities
- Develop and implement the Internal Audit Strategy in collaboration with the VP Group Risk and Assurance and Co-Source Provider. Focus areas include future state operating model, Integrated Assurance plans, Digital Strategy, Methodology, and Quality Improvement.
- Lead strategic transformation initiatives within the audit team and across Cochlear as needed.
- Oversee the development and delivery of the annual risk-based audit plan, partnering with the Co-Sourced Internal Audit provider to ensure effective planning, execution, and performance monitoring.
- Provide high-quality, independent assurance and actionable insights to support Cochlear’s business strategy.
- Develop and deliver the Digital Strategy for Internal Audit, leveraging advanced techniques like AI and data analytics to provide insights into the effectiveness of Cochlear’s control environment.
- Build, develop, and manage the Internal Audit team, establishing the future state operating model in alignment with the co-sourcing strategy.
- Serve as the primary liaison with external auditors and co-sourced suppliers, advising on emerging trends, focus areas, and best practices for Internal Audit.
- Provide strategic, governance, and operational internal audit reporting to the Audit & Risk Committee, Executive, and senior leaders.
- Promote a high-performance work environment, ensuring employee engagement and alignment with Cochlear’s strategies and quality management system.

About You

To be considered for this position, you will have a proven track record advising large, multi-location global listed corporations at the Board and Executive management level. You will have a passion for leading and developing your team, along with:
Minimum Requirements:

- 10+ years of experience in audit and/or assurance roles, with senior management experience.
- Strong experience managing teams and concurrent audit projects.
- Deep knowledge of governance, risk management, and internal audit practices.
- Exceptional communication skills, both verbal and written.
- Ability to build and maintain relationships with key stakeholders and influence change.
- Demonstrated leadership skills with a proactive, resilient, and adaptable mindset.
- Proven ability to work at speed with accuracy, with strong planning, organizational, and problem-solving skills.

Ideal Qualifications:

- Chartered Accountant (CA), Certified Practising Accountant (CPA), or Certified Internal Auditor (CIA) qualifications preferred.
- Experience in the medical technology sector is desirable.

Development Value of This Role

This role provides significant exposure to senior executives, including the CEO, CFO, Presidents, and the Chair of the Audit & Risk Committee. You will have the opportunity to shape and structure a leading Global Internal Audit function and play a key influence and advisory role across the organization.

Cochlear’s mission is to help people hear and be heard. As the global leader in implantable hearing solutions, Cochlear is dedicated to helping people with moderate to profound hearing loss experience a life full of hearing. We aim to give people the best lifelong hearing experience and access to innovative future technologies. We collaborate with the industry’s best clinical, research and support networks. That’s why more people choose Cochlear than any other hearing implant company. Learn and grow with us as we tackle the most complex challenges in helping more people to hear and experience life’s opportunities.

CochlearCareers

How we recognise your contribution

We want Cochlear to be a place where our people truly enjoy coming to work. Thro

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