Principal Auditor

Recruiter
MS Amlin Corporate Services Limited
Location
London, London, United Kingdom
Salary
Competitive
Posted
23 Feb 2021
Closes
25 Mar 2021
Ref
RQ3719
Job role
Accountant
Purpose

To support the Chief Internal Auditor to deliver high quality risk-based audit services across the business (benchmarked against the standards of the Chartered Institute of Internal Auditors (CIIA)) and provide independent opinion and assurance on the strength and effectiveness of the control framework.

To support the CIA in maintaining good relationships with key business stakeholders during audits.

2. Dimensions

To undertake internal audits (lead or supporting roles) across a range of business areas across MS Amlin; Contribute to the audit planning process for each audit by proposing scoping of work, test plans and resource requirements to the planning panel; To maintain complete, adequate and accurate working papers in line with Audit Execution Methodology Liaise with audit stakeholders throughout the audit process as required; Draft audit issues and reports to highlight areas of risk and failures in the control framework; Line management responsibility for IA team members as required during audits, including any co-source resources; Liaise and manage co-source resources as required during the audit; Take ownership of the implementation of management actions, regularly liaise with business owners, obtain evidence for proposal for closure to be submitted to IA Management; Contribute to / participate in initiatives aimed at enhancing the Internal Audit operating model and methodology.

3. Key Result Areas.

Audit Delivery. Execute a dynamic risk-based audit plan ensuring audit activity is focused on key areas of most significant business risk. Deliver audits on time and to agreed budgets, present to IA and executive management and agree commercially viable management actions to address areas of risk.

Relationship Management. Effective stakeholder management with designated members of the business management team.

Influence. Work with business stakeholders to embed risk management practices, thereby enhancing internal control practices and improving the overall strength of their control framework through the delivery of high quality audit reports and focused audit opinions.

Client experience. Ensure the principles of client experience are embedded into management practices and that identified risks recognise relevant conduct requirements.

4. The Operating Environment and Context of the Job

MS Amlin operates an Internal Audit model, with a central team providing internal audit services across the MS Amlin group, reporting to the respective entity Boards / Audit Committees. Resources are maintained within the central IA team based in London to deliver an approved rolling Audit Plan.

The Plan is prioritised on the basis of risk and through this Plan, IA is able to audit MS Amlin's key operations, risks and business activities and opine on the strength of the control framework. Where specialist audit expertise is required, IA may from time to time use the co-sourced resources from outside the department or the company.

The Principal Auditor's primary responsibilities are to assist the Chief Internal Auditor in ensuring that a quality Internal Audit service is provided to MS Amlin through timely delivery and the effective use of both internal and external resources.

5. General Description of Job-Holder

Technically competent internal audit professional with good understanding and experience of the insurance business, the Lloyd's environment and current internal audit practices and techniques. Good communicator, both internally and externally at all levels within MS Amlin. Ability to resolve conflict and expedite the finalisation of audit output.

Holds at least an Insurance, Accountancy or Internal Audit related professional qualification.

6. Key Competencies:

In each category, the key competencies held by the typical, fully effective job holder are:

Industry

Industry Market Awareness (I)

Commercial Awareness (I)

Regulator awareness (I)

Corporate Governance (I)

Lloyd's of London (B)

Audit Execution

Audit Methodology and Scope (A)

Communication skills (A)

Time Management (A)

Conflict Resolution (A)

Spreadsheet skills (I)

Data Awareness (B)

General IT Skills (B)

Leading the Planning Panel (I)

Leading Issues Log (I)

Leading Exit Meeting (I)

Business report writing (I)

Negotiation Skills (B)

Behavioural

Audit Relationship Management (A)

Flexibility (A)

Enthusiasm & Initiative(A)

Assertiveness & Confidence (A)

Professionalism (A)

Level of knowledge:

(A) - Advanced

(I) - Intermediate

(B) - Basic

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