Barbara Carvalho

My role has been to support EY's larger co-source Internal Audit relationships. From FTSE50 organisations and large Public Sector functions to small private equity companies.

For my clients:

- I have acted as a critical friend, supporting and challenging their aspirations. Clients have provided strong feedback about my personable approach and to ;

- Bringing insights and integrating technology into the their offering, embedding data analytics into their models and exploring the impact of Artificial Intelligence on both their business functions and the IA function itself

- I have seamlessly combined the use of Subject Matter Resources from across our global team to provide a peer review approach to the audit, making IA feel like a partner to the business, typically supporting 70-100 audits a year across my client base

For my teams:

- I have strived to build high-performing teams, providing mentorship, guidance, and opportunities for professional growth.

- Cultivated a positive transparent work environment that fostered employee engagement

- Established a culture of continuous improvement by fostering open communication channels and empowering employees to voice their ideas

For EY's business

- I have managed total engagement budgets of between approximately £4m-£5m per year to time and budget

- I have combined a integrated global workforce to drive down cost, but retain quality of service

I created a long term partnership with the Director of Risk and Assurance to transform the Internal Audit departments’ operations and impact in the wider business by:

-Proactive Senior stakeholder management, including communicating the Internal Audit vision and strategy and delivery outputs, providing a more transparent and partnering service

- Developing a value adding audit plan, engaging Liaising with business stakeholders, other assurance providers and the regulator to develop a value adding Annual Audit Plan, which includes operational, financial and non-financial audits, as well as business supporting activities

- Successful delivery of the Annual Audit Plan, managing a team of 20 -30 co-source and EY Staff

►Developing a risk based Internal Audit methodology and embedding Quality Assurance mechanisms to create a sustained change.

►Integrating new ideas and technology to improve the quality and quantity of assurance provided

►Redesigning and preparing reports for the Audit and Risk Committee and the wider business

►Developing and providing training to the Department and the wider business to enhance the Corporate knowledge of Risk and Control

►Effective reduction of co-source service to allow the department to function more autonomously

Managing international, multi skilled (finance, IT, supply chain) teams assessing large and small international entities compliance with core policies and the effectiveness of controls mitigating the key corporate risks, including sales growth, commodity and forex risk, product quality and food safety, funding, HR risks, business continuity planning and financial compliance.

Capital Expenditure Project assurance (including the reconfiguration of the whole manufacturing structure in Australia (valued at AUD$135m); and

Development of the risk guidance documents for the audit department

Achievements:

• Defining a new customer discounting strategy for the Britain and Ireland business which provided an annual saving of £8m.
• Devising the methodology for several fraud and forensic investigations, partnering with legal and security stakeholders, and reporting to the Board
• Training new joiners on methodology and audit techniques.
• Providing control awareness training for several small overseas businesses.

- Review and monitoring the controls for transactions across several business areas, Implementing several product control changes to improve processes within the bank

- Performing analytical reviews of business performance on a monthly basis;

- Reporting directly to the UKCFO, on a monthly basis, key trends and major issues; and

- Performing SOx 404 compliance testing.

Performance of financial and operational audits on a variety of joint venture projects (including an underperforming rail project based in Australia, with an asset base of AUD $800m).

Several project reviews at the request of senior management;

Undertaking audits of corporate functions including Treasury, Tax and HR; and

Performing Sarbanes-Oxley compliance testing for a variety of projects based in the US.

Achievements:

• Auditing the performance and progress of an £8bn MOD PFI Construction Project, one of the biggest in the UK.
• Providing advice on billing and revenue recognition for joint venture construction projects based in Algeria and Nigeria, with revenue in excess of US$7.5bn.
• Producing a comprehensive analysis of the Treasury department, identifying several issues and process modifications to improve the department.
• Planning and managing a “lessons learnt” review for a project worth £19m for the regional board.

External Audit and Value for Money studies of several Government departments and agencies, including DEFRA, HMRC, Countryside Agency;

Internal audit reviews; and

IT assessments and internal audit reviews