Phoenix Group

Senior Internal Auditor

Recruiter
Phoenix Group
Location
Edinburgh / Birmingham, West Midlands / London
Salary
Up to £65000 per annum + 16-32% Bonus, 10% pension
Posted
23 Sep 2022
Closes
30 Sep 2022
Ref
6545
Contact
The Phoenix Group
Approved employers
Approved employer
Sector
Insurance
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

We have a great opportunity to join us here at Phoenix Group as a Senior Internal Auditor to join Group Internal Audit function to take ownership and deliver a complex and challenging portfolio of audits.

As Senior Internal Auditor you'll provide independent risk based assurance over the effectiveness of risk management, internal control and governance processes of the Group.

Salary: Up to £65,000 depending on experience, 16% - 32% bonus, private medical insurance, 10% pension + much more!
Job Type: Permanent
Job Contact: Shanice Morgan
Closing Date: 21st October 2022

We have a great opportunity to join us here at Phoenix Group as a Senior Internal Auditor to join Group Internal Audit function to take ownership and deliver a complex and challenging portfolio of audits.
As Senior Internal Auditor you'll provide independent risk based assurance over the effectiveness of risk management, internal control and governance processes of the Group. This will be achieved by taking responsibility for end to end planning, fieldwork and reporting of audit assignments to time and quality. You'll also have the opportunity to work on high profile audit engagements and influence senior stakeholders. The Group Internal Audit function is valued by the boards and executive management to provide independence, objective assurance and oversight over key business risks. There is a collaborative working relationship across the Three Lines of Defence model, which gives Internal Audit access to key strategic decisions and business meetings in order to effectively challenge risk mitigation.


Who are we?
We want to be the best place that any of our colleagues have ever worked.
We are the UK's largest long-term savings and retirement business with c.13 million customers and c.£300 billion of assets under administration. As a market leader and FTSE100 organisation, we understand that our scale and expertise means that we have a key role to play for our customers, colleagues and our communities to help as many people as possible secure a life of possibilities. We are tackling key environmental and social issues such as transitioning our portfolio to net zero by 2050 - but we're not done yet.
We've seen huge growth and change, and this means there is enormous opportunity for our 7,000 colleagues to grow alongside us.


Flexible working
You can expect to work in a hybrid manner with time spent working in the office and at home. We believe that work/life balance offers benefits for customers as well as ensuring that you can balance a successful career with your life outside of work. We will discuss flexibility, what is important to you and balancing this with business requirements during the recruitment process.
We want to hire the whole version of you
We are committed to ensuring that everyone feels accepted and safe at work and are proud to be an equal opportunity employer. Everyone is valued at Phoenix regardless of age, gender identity, neurodiversity, race, sexual orientation, religion, ethnicity, socioeconomic background or anything else. Whether it's joining one of our internal employee networks, being an ally, taking positive action or simply being there to listen, everyone at Phoenix is valued and respected.
If you need any help or adjustments to the recruitment process due to health, disability or anything else, please let us know so we can help you to be the best version of yourself.


The role
We are looking to recruit a qualified accountant who will work in a team of specialist and experienced auditors. You will take ownership over a range of finance, investment and actuarial risk areas to provide independent risk based assurance over the effectiveness of risk management, internal control and governance processes of the Group. This will be achieved by taking responsibility for end to end planning, fieldwork and reporting of audit assignments to time and quality.


Key responsibilities:
- Deliver high quality (right first time) outputs in provision of opinion, adhering to methodology and quality framework set by Group Internal Audit (GIA) and IIA standards.
- Own the planning and delivery of an audit portfolio, utilising a thorough understanding of risk universe and risk management framework for the audit portfolio
- Build and proactively manage relationships with key stakeholders and committees within an audit portfolio, that fosters trust, open relations and two way communication.
- Build strong two way communication links with other assurance providers and ensure these outputs are factored into audit planning and macro opinions.
- Take ownership of engaging and managing any co-source work within the audit portfolio (and associated budgetary costs).
- Take ownership of building macro control and risk management opinions for each key risk area, to be agreed with key stakeholders on a half yearly basis.
- Regularly promote the GIA proposition and charter to key stakeholders within the allocated AP.
- Ensure adherence to GIA (and wider Phoenix Group) principles, policy and Values
- Identify risks and key root causes across varied/complex key business areas and articulating an appropriate control position to senior management.
- Good personal performance management guided by best industry practice, with a quality focus on outputs.
- Contributes to wider team development through knowledge sharing of key information and provision of support to team members.
- Add value through communicating audit opinions on/improvements to governance, risk management and control to key stakeholders and committee chairs/attendees in a clear, concise and commercial manner.
- Through proactive self-learning and ongoing continuous development, become a GIA Subject Matter Expert for AP area, ensuring a strong understanding of all relevant technical matters and relevant best practice risk & control frameworks.


What are we looking for?
Essential
- Qualified Accountant (ACCA); or Certified Internal Auditor (or other IIA qualification)
- Excellent planning, co-ordination and organisation skills, balancing audit delivery with external demands and managing multiple priorities
- Ability to proactively plan for future challenges and changes to audits / audit plan
- Strong stakeholder management and relationship building skills with the ability to influence at a senior level
- Track record of continuous improvement and embracing change


Desirable
- Risk Management / Audit experience
- Commercial and strategic outcomes-based focus
- Experience of working within the Insurance/Financial Services sector

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