Internal Audit & Risk Manager

Company:  Angel Trains
Location: London
Closing Date: 07/07/2026
Hours: Full Time
Type: Permanent

Job Description

At Angel Trains, we believe our people are our greatest asset and foster an inclusive, respectful environment where individuals are empowered to think independently, innovate, and make a meaningful impact. We are bringing our Internal Audit and Risk Management capability in-house, making this a unique opportunity to shape and embed a high-performing function at the heart of the business.


About us:

We are Rail People. Since our founding in 1994, we have been instrumental in modernising and improving UK rail to meet the needs of today’s passengers; investing more than £1.5bn over the last decade in procuring new rolling stock and refurbishing existing fleets. You may not have heard of us, but you have almost certainly travelled on one of our trains that are leased to Train Operators across the country.


Our culture of innovation, collaboration and commitment to excellence ensures we are valued by our customers and makes us the people that the rail industry most wants to work with.


Together, with talented people across the industry, we are creating a brighter, greener and more cost-effective railway, where people can enjoy the journey as much as the destination.


Angel Trains - Rail People, Real Expertise.


About the role:

As our Internal Audit & Risk Manager, you will support business success by providing assurance over the control environment, driving process improvements, and ensuring risks are effectively identified and managed. You’ll also contribute to business continuity and resilience, manage corporate insurance, and oversee the internal audit of our subsidiary, ReadyPower.


Key Responsibilities:

  • Develop an audit plan using a risk-based approach, focusing on the current year, with a look forward to the following 2 years.
  • Produce a clear audit scope ahead of each audit (including timing, resources, nominated Senior Manager) and agree it with the relevant Department Head / Director and the CFO.
  • Conduct risk-based audits in accordance with the audit plan. Document findings and recommendations in an audit report and obtain agreement (including agreed action timeframes/deadlines) from the Department Head / Director.
  • Identify areas where business processes can be simplified, improved or made more efficient, and work with colleagues to deliver improvements.
  • Ensure the Strategic Risk Register is kept up-to-date, liaising with the Executive Management Committee to capture potential new risks/controls and updates to existing risks/controls.
  • Ensure the risk management software (is used effectively and efficiently by the Business.
  • Develop and continuously improve appropriate plans for business continuity and business resilience arrangements.
  • Manage the annual insurance renewal process in conjunction with the broker.


Qualifications & Experience:

  • Prior experience in a similar role.
  • Relevant Audit or Risk qualification.
  • Prior experience managing and delivering and successful change programme, either within industry or within practice.
  • Sound knowledge of internal audit standards and best practice.
  • Prior experience using business improvement tools and techniques.


Why choose us?

As an employer we ask that all our employees follow and showcase five simple values; that we are:

  • People People
  • Future Forward
  • Always Accountable
  • Together Better
  • Problem Solvers


Alongside these values we also believe our role as an employer is to empower our workforce to make self-sufficient, informed choices, giving them new experiences and helping to develop their careers.


We recognise that our people are our greatest asset at Angel Trains, and this is why we invest significantly in both their professional and personal development. We have been accredited with Investors in People & Wellbeing Platinum Awards and we’ve tailored our competitive benefits offering to include:

  • Competitive salary.
  • Generous holiday allowance and employer pension contributions.
  • A discretionary annual corporate bonus scheme.
  • Season ticket loans, salary sacrifice cycle to work and electric vehicle schemes.
  • Family-friendly and flexible working policies. We’ll strive to work around your commitments to offer you a better work/life balance.


Your physical and mental wellbeing matters to us and to support you during your career we also offer an Employee Assistance Programme, and a dedicated team of volunteer Mental Health First Aiders.


It’s a great place to work with modern offices in London and Derby (but with hybrid working), engaged colleagues, and external recognition as a “World Class Workplace”. Many of our team work flexibly, we would be happy to discuss about how this could work for you.


Please note:

For an informal discussion regarding the role or a full copy of the Job Description please contact [email protected]. If you would like alternative copies of any documents or apply in a different manner please also contact us.


We are not currently looking for external agency support at this time.


Deadline for submission is the 15th June 2026, however we reserve the right to close the advert before that date is reached.


We are an equal opportunities employer. Our policy is to recruit a diverse workforce and follow the guidelines of the Equality Act 2010.

Apply Now
Share this job
Angel Trains
  • Similar Jobs

  • Audit Senior Manager - Insurance

    London
    View Job
  • Credit Risk Manager

    London
    View Job
  • Audit Manager - Film, TV & Media Clients

    London
    View Job
  • Accounts & Audit Manager - Media, Film & TV Clients

    London
    View Job
  • Housing Benefit Audit Officer

    Croydon
    View Job
An unhandled error has occurred. Reload 🗙