Overview
The Group Internal Audit team provides independent and objective assurance and advice to the Group Audit Committee, and to the Boards of Directors of the companies within the Group, over the processes and systems of control and risk management operating in the Group. Its scope covers all aspects of the Group and its activities. It also liaises closely with other monitoring functions across the Group, including Group Compliance and Group Risk. Its Audit Plans are developed using a risk‑based approach.
Job Type
Permanent
Position
Senior Internal Auditor
Reporting to
Audit Director
Location
York or London
Vision
To be recognised as a leading edge audit function among its peer group, which provides robust assurance and value‑creating insight and challenge through the excellence of its people, processes and technology.
Professional Standards
Our work adheres to the Institute of Internal Auditors’ (IIA) mandatory guidance including the Definition of Internal Auditing, the Code of Ethics and the International Standards for the Professional Practice of Internal Auditing (‘the Standards’). We also adhere to guidance issued by the Chartered Institute of Internal Auditors in the UK (CIIA): Effective Internal Audit in the Financial Services Sector.
Key Responsibilities
As a part of a small but dynamic team, you will conduct internal audits across the Hiscox Group in line with the Audit Plan. These audits will support Hiscox’s Business Units and Group functions, working with other members of the team alone on some reviews or with co‑source. The role covers all aspects of successful audit delivery, including:
- ensuring the successful and timely completion of reviews, from initial scoping and planning through to reporting and follow‑up of actions and recommendations. You will take on the lead role on several audits, responsible for their end‑to‑end delivery, as well as supporting other team members with their audits;
- effective stakeholder and relationship management at all levels;
- making effective and pragmatic recommendations to address issues and add value to the business;
- working with and supporting other team members;
- contributing to Internal Audit’s planning and strategy, and to its continued development; you will lead the development and/or implementation of certain assigned aspects of this non‑audit related work; and
- helping to build and maintain Internal Audit’s presence and reputation across the Group.
Outside the Audit Plan, you may be asked to conduct specific reviews or take on special projects. You will also be expected to take on additional responsibilities to support the Head of Group Internal Audit and other team members as required.
Specification
- Must be degree qualified with a professional accountancy, audit, or CISA qualification;
- Previous internal audit experience (internal audit experience is highly preferential; however, exceptional candidates from an external audit background will be considered) gained within insurance or wider Financial Services;
- A dynamic, assertive and self‑confident individual who can deliver without the need for high levels of supervision;
- The ability to plan and organise an end‑to‑end audit with minimal day‑to‑day supervision, with inherent flexibility to adapt the process as required;
- Independent worker, resilient and self‑reliant; confident delivering difficult messages to senior stakeholders and comfortable drafting written reports (shared at Group Committee and Board level);
- Strong people and relationship‑building skills, notably influencing and negotiating;
- Sound audit judgement;
- Excellent team‑working skills and the ability to supervise and coach other team members constructively and effectively;
- Innovative problem‑solving skills and the courage to apply them;
- Excellent communication skills, both oral and written;
- Good commercial awareness.
Why Hiscox?
In addition to a competitive remuneration package that includes a profit‑based bonus and comprehensive benefits, the role will provide unparalleled insight into and access across the Hiscox Group. For the right candidate, this will present opportunities to move into more senior roles within Internal Audit, or within Hiscox more broadly.
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