Description
Role Purpose (Summary)
Assist in the achievement of the annual audit plan through performing audits in accordance with my Client's procedures and charter. To pro-actively assist in the development and implementation of other aspects of the Divisional IA strategy, as appropriate.
General Description
Strategy and Planning
- Pro-actively seeks to participate as appropriate in the development and implementation of aspects of the Divisional IA strategy, including the Audit Plan.
- Pro-actively supports the implementation of the Divisional IA strategy, including achievement of the Audit Plan.
Customer Focus
- Builds and maintains effective working relationships with management and staff in the areas of assigned work, to understand their needs and manage their expectations during the assignment process.
- Monitors feedback from management and staff in the areas of assigned work as appropriate, during the assignment process, and responds appropriately.
- Stays current on developments in the Division, regulatory environment and industry as relevant to the areas of assigned work.
- Stays current on developments in leading audit practices.
- Demonstrates a customer service oriented approach in the conduct of IA engagements.
- Identifies issues and provides recommendations in the area of assigned work that are relevant, commercial and sound.
- Manages different points of view effectively with appropriate professionalism, consultation and referral to IA management on complex matters.
- Ensure ongoing compliance with my Client's IA Charter and preservation of actual and perceived independence.
People Management
- Seeks to be highly productive within IA, including proactive management of personal utilisation in co-ordination with IA management.
- Works collaboratively with the co-source partner, internal guest auditors' and subject matter experts to ensure delivery of agreed objectives.
- Actively motivates IA staff and fosters teamwork to ensure a high standard of performance. Develop and maintain effective working relationships within the department. Professional and sensitive to interactions with others.
- Gives and responds to feedback effectively to improve performance.
- Takes ownership of personal career development (eg actively engages in personal objective setting and ongoing self evaluation; seeks opportunities for growth).
- Ensures induction of new team members in areas assigned by IA Manager is thorough and complete.
Technical knowledge
- Demonstrates good knowledge and understanding of the business and industry in the conduct of assigned work.
- Demonstrates sound knowledge and understanding of IA principles and relevant standards and regulatory requirements in the conduct of assigned work.
- Demonstrates good knowledge and understanding of risks and risk management principles in the conduct of all IA engagements, including appropriate assessments of risks in accordance with the risk management strategy.
Audit Plan Management
- Effective and efficient resource and timetable management in relation to supervision of small teams of IA staff and specific IA engagements, including timely delivery of assigned work to a high quality.
- Conducts effective and efficient audit engagement meetings, including client, audit planning and exit meetings.
Assignment Planning
- Effective risk-based planning including effective gathering of information and risk assessment to determine the appropriate nature and extent of audit work in accordance with IA risk based framework.
Fieldwork
- Fully effective in the completion of audits of medium risk/complex areas with minimal supervision.
- Prepares quality detailed working papers that evidence the work performed and any issues that arise.
Reporting
- Draft, prepare and submit audit findings for proposed inclusion in the final IA report, requiring minimal re-write and/or additional queries.
Policies, Processes and Procedures
- Complies with all IA and other relevant policies and procedures in the conduct of IA activities and engagements.
- Pro-actively agrees any proposed improvements with IA management before adjustments.
- Effectively uses advanced capabilities of technology (ie audit and other standard tools) in the conduct of IA activities and engagements.
- Actively support the implementation of technology initiatives, including the provision of on-the-job training.
- Completes all assigned work effectively and efficiently, including matters relating to IA staff supervision.
- Preferably degree educated or equivalent
- Preferably experience in an internal audit or other assurance role.
- Experience of working in a complex financial services organisation.
- Working knowledge of the insurance market (London Market experience preferred).
- Proven successful track record of delivering audit assignments that contribute to the achievement of business objectives.
- Strong written and spoken English.
- 2nd European language would be beneficial.
- European and UK travel: maximum 25%.