Principal Risk and Assurance

Fortescue has an exciting future ahead. As well as producing over 180 million tonnes of iron ore per year, we’re diversifying our business to become an integrated global green energy and resources company.

Principal Risk and Assurance

Work Location: Perth. Fortescue’s Perth office is located on the traditional lands of the Whadjuk people.

Roster: Monday - Friday 

Role overview:

The role operates within a matrix structure to support the project nature of the Function’s work. This will entail reporting to the Manager Risk and Assurance who is accountable for the particular project the Principal Risk and Assurance has been assigned. In addition, to support team development, the Principal Risk and Assurance’s role will encompass both team leader and individual contributor responsibilities, as assigned.

The Principal Risk and Assurance will work with colleagues from across the Group, which encompasses both Fortescue’s Iron Ore business and Fortescue Future Industries (FFI) globally, the Principal Risk and Assurance leverages their experience and professional training to engender confidence in the advice the Function provides in the following areas:

• Risk Management: developing and facilitating the implementation of robust risk management strategies in line with the Fortescue Risk Management Standard; designing and facilitating risk workshops on a range of topics to identify and assess Fortescue’s material risks; and undertaking analyses of current, evolving and emerging material risks to provide insights reporting to management and the Board.
• Assurance: supporting the development and delivery of risk-based, value-adding internal audit plans; analysing business processes to identify key risks and evaluating the design and operating effectiveness of related internal controls; evaluating the effectiveness of critical controls over material risks; and identifying opportunities that contribute to sustainable improvements in governance, risk management and internal controls or business productivity.

The role may contribute, from time to time, on business conduct investigations or business improvement initiatives.

The Principal Risk and Assurance must have the experience and confidence to challenge the status quo, the poise to engage with senior leaders and the relationship-building skills to partner with diverse teams to deliver innovative solutions across the business in a fast paced and rapidly changing business environment.

Key responsibilities include: 

• Interpret Fortescue’s strategic plan, business initiatives and changing risk profiles to support the development of Internal Audit and Risk Management Plans;
• Lead or support, as required, the design and delivery of internal audits so as to manage professional risk and deliver highly complex audits of material risks, governance and internal control environments. In doing so, support innovation and provide assurance on the sustainability of these processes to senior stakeholders;
• Contribute to effective project management to achieve operational excellence. Assure the quality of audit projects in accordance with professional standards, on-board and supervise appropriate subject-matter skills and deliver scopes of work with positive business impact, on schedule and within approved budgets;
• Undertake hands-on audit procedures as a core accountability;
• Act as a catalyst for organisational improvement through internal audit recommendations that are prudent, sustainable and provide business benefits. Secure management buy-in for the changes through effective collaboration and follow-up to ensure that agreed internal audit actions have been implemented;
• Design and facilitate risk workshops and undertake independent analysis to support the management of the Group’s material risks;

Education and Experience: 

• In order to be considered for this opportunity, you will bring 10+ years’ experience in internal audit and risk management (including a combination of a Big 4 professional services environment and work with large, complex multinational businesses) to complement your university degree in commerce, computer science or engineering and your professional auditing qualifications (CA or CPA and CIA). 
• Knowledge and practical application of ISO 31000 Risk Management and professional auditing standards is essential.
• This role will suit a candidate who is well organised, has strong interpersonal and communication skills, can work independently, is innovative and resourceful in solving problems and has a strong focus on quality and customer service.  Knowledge and experience in mining, energy or industrial operations with exposure to large capital projects is required. Exposure to manufacturing and associated risks will also be favourably viewed. 
• Your maturity, decisiveness and strong emotional intelligence will see you succeed in this position, as will your previous experience in the provision of advice to Executive teams.
• The role will require domestic and international travel.

Fortescue is deeply committed to providing a safe culture that builds respect, fosters inclusiveness, and values diversity. We celebrate individual strengths and team members from all backgrounds are encouraged to bring their whole selves to work. Our global workforce drives and promotes an inclusive culture, both within our organisation and throughout the communities we interact with across the world. Diverse backgrounds include First Nations Peoples, people with differing abilities, LGBTIQ+ community, gender, neurodiverse, cultural diversity, all age groups, and those with an intersectional or multiple diverse characteristics. We encourage candidates from all backgrounds to apply.

www.fmgl.com.au/jobs-at-fortescue

Fortescue reserves the right to close applications early should a suitable pool of candidates be identified 

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