Transitioning between industries in Internal IT Audit
How feasible is it to transition from a Senior Audit role in a FTSE 100 Consumer Goods company to a position in Banking? Once you’re established in one sector, is it challenging to make the switch, or do opportunities exist for cross-industry movement?
Best regards,
One response
Switching industries in Internal IT Audit, such as moving from a FTSE 100 Consumer Goods company to the Banking sector, can be feasible, but there are some factors to consider:
Transferable Skills: Many skills in IT Audit, such as risk assessment, compliance, and control testing, are transferable across industries. Highlighting these skills on your CV can make you a more attractive candidate for roles in banking.
Industry Knowledge: While your Audit skills are transferable, having a strong understanding of the banking industry, including regulatory requirements and financial systems, will enhance your candidacy. Consider gaining relevant certifications (like CISA or CRISC) or taking courses focused on banking regulations and practices.
Networking: Building connections within the banking sector can be crucial. Attend industry events, connect with professionals on LinkedIn, or join relevant forums to learn more about the field and uncover potential job opportunities.
Job Market Demand: Research the demand for internal auditors in the banking sector. Some banks may prefer candidates with experience in financial or tech-specific audits due to the industry’s unique challenges.
Flexibility: Be open to entry-level positions or roles that may not be exactly what you did previously. This can provide the necessary experience to move up in the banking sector over time.
In conclusion, while transitioning is definitely possible, it may require some additional effort in terms of education, networking, and possibly starting at a different level. Your existing skills will serve as a solid foundation for this change.
Kind regards,
[Your Name]