Senior Internal Auditor

Job summary

The role of the Senior Internal Auditor is to support the Internal Audit function, which aims to help the Board and Executive Management to protect the assets, reputation and sustainability of the organisation.

The Senior Internal Auditor has responsibility for leading all aspects (i.e. planning, execution and reporting) of assigned audits, including completing them in accordance with Internal Audit Standards and guidance, and the use of Internal Audit technology tools.

Main duties

These include but are not limited to:

• To deliver, either solo or in a team, high quality, commercially focused audits and advisory reviews that fulfil the audit objectives, whilst managing clients’ expectations

• To complete the audit planning inclusive of discussion with Management in respect of the scope and timing as well as drafting the initial audit program (i.e. controls to be tested)

• To prepare clearly documented, logical working papers in line with Internal Auditing Standards to evidence and support the conclusions reached on each audit area

• To recommend and promote practical and cost-effective actions for improving the effectiveness of the risk management process and internal control environment, and to monitor and ensure the successful completion of these action plans

• To produce draft Internal Audit Reports for each area of review

• To develop effective Senior Management relationships

• To assist in liaising and working closely with Risk Management and other Control functions to deliver a robust but flexible risk based Annual Audit Programme

• To assist in integrating and co-ordinating as far as possible any controls assurance work performed by other areas of the business

• To investigate irregularities or frauds, to the extent that Internal Audit resources allow

• To support the identification and promotion of market-leading audit practice, including utilisation of on-line audit tools

• To ensure own awareness of and compliance with company procedures and policies

• To assist in producing information and analysis for presentation to the Audit Committee

• To assist in building and maintaining relationships with specified internal and external stakeholders to encourage open discussion and commitment to problem solving

• To assist in the maintenance of a central Internal Audit Action Log (utilising audit software), including discussion and agreement with Management regarding content, wording and classification of items, agreement of actions required and follow-up of action points to completion

• To communicate effectively, both verbally and in writing, with the IA team and audit clients

• To keep abreast of recent and future insurance and Internal Audit industry developments

• To attend and contribute to suitable industry events, bodies or groups, as required

• To obtain regular and constructive feedback from Management and auditees as to the performance of the Internal Audit function.

• This role is predominantly London office-based (hybrid working arrangement) with occasional visits to overseas offices (maximum 10% required travel).

Regulatory responsibilities

• To assist the Internal Audit Manager on Conduct Risk or any other relevant regulatory matters arising within the business and to coordinate audits in a manner which ensures adequate oversight of potential regulatory exposures.

• To comply with the requirements of the Global Internal Audit Standards and Internal Audit Code of Practice in the delivery of Internal Audit services

• To ensure compliance with all relevant audit obligations under UK, Ireland and International regulations

Our requirementsRelevant experience             

• External or Internal Audit experience

• General insurance/Lloyd’s experience

• Proven track record within Internal/External Audit environment evidencing strong performance in conducting high quality audit work, findings and reports

• Ability to work independently or with minimum supervision

• Demonstrated leadership in managing projects and working in teams effectively

• Familiar with risk-based auditing and core business processes

• Big “4” or mid-tier accountancy firm training (desirable)

• SOX environment experience (desirable)

• Familiarity with Teammate+ (desirable)

Technical skills         

• Good knowledge of Excel, Word and Powerpoint

• Good report writing skills

• Understanding and experience of risk-based controls auditing

• Good project management skills

• Good risk awareness

Education & Experience

• ACA, ACCA, CPA or CIA qualification

• BA/BSc degree or equivalent

• ACII (desirable)

Personal skills

• Quality and Compliance focused

• Confident in decision-Making, results oriented

• Well-organised

• Analytical, with the ability to recognise, resolve and document detailed issues

• All round communication skills with confidence influencing and networking

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.