Internal Auditor Insurance

Canary Wharf, London (Greater)
27 Mar 2019
26 Apr 2019
Job Role
Qualification Level
Fully qualified, Newly qualified
Professional Membership
Seniority Level
Contract Type


  • Attend pre-audit discussions with the client; 
  • Planning and production of the audit plan/scope; 
  • Understand the objectives of each audit including the budget requirements; 
  • Ensure that the work undertaken is in accordance with the approved audit plan/scope, timetable and budget; 
  • Advise the Manager of any developments that may lead to a change in audit approach; 
  • Ensure compliance with the firm’s internal audit methodology and external requirements (such as the IA Standards and the Financial Services Code); 
  •  Identify and understand key risks and controls based on experience, knowledge of best practice from regulators and from working with other clients; 
  • Identify and assess any control weaknesses/failings relevant to the scope of work; 
  • Recommend appropriate solutions to control weaknesses/failures and communicate and agree these with clients effectively; 
  • Work co-operatively with other members of the audit team including subject matter experts where necessary including actuarial, IT and tax; 
  • Be responsible for drafting the audit report ready for Manager/Partner review; 
  • Clear Manager/Partner review points and follow up any outstanding queries; 
  • Respond to all client queries and concerns in an efficient and professional manner, often dealing directly with senior management; 
  • Provide sound advice to clients and demonstrate knowledge of business issues; and 
  • Provide a detailed analysis of time charged on every assignment to facilitate billing and future planning. In addition, the Audit Senior will be expected to contribute to the continuing development of the Governance, Risk & Control Assurance team 
  • Attend marketing events that are hosted by the team;  
  • Participate in internal/external training to build relevant knowledge and expertise and sharing this with the wider team; 
  • Maintain awareness of relevant news and developments within the insurance sector; 
  • Identify any new business opportunities and refer to Manager/Partner for follow up 

Person Specification

  • ACA/ACCA (or equivalent) nearly or newly qualified; 
  • Experience of delivering and leading risk-based internal audits (or similar work) either in a professional practice or in an in-house internal audit function; 
  • Experience in the insurance sector, including London/Lloyd’s market, is essential; 
  • Knowledge and application of relevant regulatory requirements such as Solvency II, Lloyd’s Minimum Standards, PRA/FCA requirements, CASS 5 rules;
  • Experience of client management and liaison from the planning stage up to point of audit completion, identifying opportunities to provide added value; 
  • Excellent report writing skills and strong IT skills 

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