Senior Internal Auditor - Financial Services

2020-01-29 13:07:542022-07-03 Elite Audit
Job Type Permanent Full Time
Location Bournemouth
Area South East, UKSouth Coast, UK South East UK Bournemouth
Sector Internal Audit
Salary Competitive + 30% Bonus + excellent bens
Start Date ASAP
Advertiser Rachael Terry
Telephone 07855328980
Job Ref EA202008
Specialism Financial Services

Senior Internal Auditor- Financial Services

Competitive Basic Salary + excellent Bonus + Bens
Remote working from home initially with flexi working post covid 19. 

South Coast

Elite Audit are now hiring for a highly regarded Financial Services FTSE company on the South coast in the UK. We are seeking talented Internal Auditors with ideally an insurance or financial services background.

The role:

  • To support the Audit Team, Audit Management and the Chief Internal Auditor (CIA) in delivering independent, valued, professional, timely and quality driven assurance, challenge and advice to Senior Management and the Board.
  • To support IA management in the provision of effective and proportionate review and challenge to Executives and key stakeholders across the business around the management of key operational and business risks and their potential impact on the delivery of business strategy.
  • To support IA management in defining and maintaining the IA Charter and objectives, including review of methodology, identification of best practice and the use of data and analytics in the provision of independent assurance.

Key Accountabilities:

To undertake a programme of audits relating principally (but not solely) to business and operational risks across the organisation. Manage audits within budget and in a professional manner to provide assurance on business and operational risk management and systems of control, monitoring corrective action where required.

Undertake audit planning, fieldwork, testing and reporting compliant with IA quality standards and methodology:

  • Identify and document all material risks and key controls relating to the execution of the Trading business strategy, appropriately test and record the outcomes; communicate and report IA observations and opinion.
  • Define and agree the scope and Terms of Reference of individual audits for discussion and agreement of approach with senior line management.
  • To ascertain, document and evaluate risks and controls, report to senior management on findings and agree remedial action so that effective systems of control are maintained.
  • Produce clear, concise and comprehensive reports that are suitable for relevant audiences.
  • Proactive identification and notification to IA management and other relevant people of changes that may impact upon the timely and effective delivery of the audit plan.

Contributes to the maintenance of the business and operational risk components of the audit universe and risk based assurance agenda.

Build and maintain appropriate working relationships with business stakeholders, as agreed by IA management, in order to anticipate and understand key business and operational risks and how these may impact on the delivery of the business strategy.

Proactively advise the business in business and operational risk management and principles of control to support a culture of continuous improvement.

Contribute to the continuous improvement of IA methodology, including the effective use of data and data analytics in the provision of assurance, and alignment with all relevant professional standards.

The ideal candidate:

  • Professionally qualified internal auditor with comprehensive experience working in the FS/ insurance industry.
  • Excellent knowledge of the Insurance industry and relevant legislation and regulatory requirements (e.g. PRA / FCA requirements), and an ability to apply practical experience in its proportionate and pragmatic interpretation and application.
  • Comprehensive knowledge of Retirement and Protection processes, practices and risks.
  • Strong personal motivation, organisational and planning skills.
  • A good team player with the ability to take the lead and motivate others where appropriate.
  • A proven track record of developing constructive working relationships with key stakeholders which are collaborative without compromising independence.
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