As a global leader in the sale of research antibodies, Abcam is committed to serving life science researchers to achieve their mission, faster. We continue to identify the biological pathways of greatest interest to our consumers and continuously strive to provide products of the highest quality with increased specificity, reproducibility and sensitivity. At the same time, through investment and acquisition, we are expanding into new markets, identifying new technologies and applications while moving into new geographic regions, thereby driving sustainable growth.
Abcam was founded in 1998 and has been listed on AIM since 2005. Market capitalisation is around £3bn and revenues for the last financial year ended 30 June 2020 were £260m.
The business continues to be strongly cash generative, and is putting that cash to work in both capital projects, to ensure the future scalability of the business, as well as investing further in the continued development of products and services. Strategic goals include expansion in growth markets and investing in operating capabilities to grow the business to £450 - £500m by 2023/24.
About the role
Following the Group recently obtaining a secondary listing on Nasdaq, compliance with Sarbanes Oxley (SOx) has become a priority, necessitating an expansion of the internal audit function to ensure development of a regulatory compliance testing program. The internal auditor will report to the Head of Internal Audit (HIA) and will support and work closely with the SOx Reporting Manager.
The internal auditor will be responsible for reviewing evidence of monthly controls compliance across the Group and possess relevant technical experience and knowledge to provide advice on control improvements and closing out gaps.
A key priority will be performing periodic and annual SOx audit testing for control design and effectiveness of application against the risk management framework and SOx compliance requirements. The testing program will include assessment of entity level controls, key financial controls and IT General Controls (ITGCs).
Responsibilities also include performing a testing program for SOx process walkthroughs including consultation with the Risk and Controls Manager over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
The internal auditor will be working with business process owners across the company to build strong working relationships, be a point of contract for control advice and help reinforce the culture of compliance. Engagement with senior management will provide evidence to stakeholders that they are managing their business areas effectively.
Role & Responsibilities
- Play a key role in executing the SOx testing program as follows:
- Review of evidence of monthly/quarterly key control completion
- Perform process walkthroughs to confirm accuracy of documented procedure, advise on process gaps and confirm key controls are in place against risks identified
- Perform an annual test program on the appropriateness of the design of entity level, key financial and ITGC controls to address existing risks and any new or updated risks in the year
- Perform checks on any control design changes during the year to ensure they are aligned to the risk management process
- Perform periodic and annual testing on the application of the controls and compliance with the documented process for performing the control.
- Facilitate remediation plans with control owners through to completion and subsequent compliance within agreed timescales.
- Utilise the SOx compliance management system for planning, performing, documenting and reporting on controls testing. Assist first line users with the SOx management system where requested.
- Develop dashboards to ensure real time monitoring of controls testing status and early advisory of any deficiencies identified. Regularly report testing progress to the HIA and SOx reporting Manager.
- Assist the SOx Reporting Manager in updating applicable process documentation and control narratives as required.
- Supporting the SOx reporting Manager in assisting control owners understand control objectives and risk alignment.
- Perform some risk based, non-SOx internal audits where appropriate
- Build strong working relationships with the business globally.
- Some awareness of SOx requirements
- Experience of Oracle
Pay and Benefits
In addition to competitive salaries, we offer an attractive and flexible benefits package (including our award-winning share scheme, 18 weeks full paid maternity leave and 6 weeks full paid paternity leave), a culture focused on well-being and opportunities for growth and development, and a highly flexible working environment.
What’s more, as a WORK180 Endorsed Employer, we are recognized globally as an organization that’s diverse, inclusive and supports women in the workplace.
An idea conceived in a University of Cambridge laboratory in 1998, Abcam plc (www.abcamplc.com) began life as an innovative and entrepreneurial start-up, spearheaded by like-minded individuals who shared a common purpose of providing the scientific community with quality antibody reagents, as well as trustworthy and up-to-date information about their uses and limitations. Abcam has now grown to become a leading supplier of protein research tools to life scientists, whilst always maintaining the core collaborative values assumed at its inception.
Abcam now supports life science researchers in their quest to understand the cause of disease and ultimately offer improvements to diagnoses and treatments. To achieve this outcome, the company both develops and manufactures its own products in specialist facilities across the globe, and sources from over 400 partners, offering scientists the newest, most innovative and highest quality research tools available globally, regardless of source. With a customer base of research scientists who require high performance products with detailed technical specifications, 64% of global researchers use Abcam products.
Inclusion & Diversity
Abcam is an Equal Opportunity Employer and makes all employment decisions without regard to age, national origin, race, ethnicity, religion, creed, gender, sexual orientation, disability, veteran status, or any other characteristic protected by law.