Senior Audit Manager
- Role Type
- Hove or London
- Closing Date
- Company Info
Working here is about being there for our customers; we’re available should the worst happen and we work together to enable social and financial equality across the UK. But it’s also about you –how you develop and what you can achieve. We’ll help your talent thrive in an environment where you’ll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.
- Department Info
From HR and Digital teams through to Group Finance, Risk and Corporate Comms – our Group function support our businesses across the UK and abroad. Delivering essential services and activities that have a real impact on our business and our customers lives, we enable our people to do what they do best, contributing to delivering a great customer service, profitability and strategic growth.
Legal & General is one of the world’s largest insurance and investment management groups, with assets under management of £983 billion at 31 December 2017. The group has been providing insurance for its customers for 180 years and now with around 8,000 employees it looks after the financial security of over 10 million customers worldwide and manages investments for some 3,000 institutional clients. It is the UK’s number one provider of individual life protection policies and a market leader in group protection. The group’s goal is to deliver outstanding value and security for customers and sustainable growth for shareholders while taking a leadership role in the broader economy and in the provision of socially and economically useful products and services.
Within Legal & General, Group Internal Audit (GIA) is an independent and objective assurance and advisory function which supports the Group Audit Committee and Executive Management in the protection of the assets, reputation and sustainability of the group. Comprising approximately 40 team members, GIA aims to be recognised as a leading edge audit function, in particular regarding the development of excellence in its people, technology and processes. Its team comprises relatively senior and experienced auditors who are focussed on growth of subject matter expertise, business and commercial awareness, and advancing the function’s technology and data analytics capabilities. The team has a high degree of exposure to senior business stakeholders and provides the opportunity for its auditors to develop deep business insights and understanding.
- Job Duties
Supports the Head of Audit (Insurance) by designing, driving and delivering a portfolio of high quality risk- based audit services across the Insurance businesses, to assist in the management of key GIA stakeholders by providing independent opinion and assurance on the strength of the control framework and the effectiveness of business risk management.
Supports the HOA in managing the strategic relationship with key GIA stakeholders ensuring the risks associated with latest business plans are fully considered and provides independent opinion and assurance on the strength of the control framework and the effectiveness of business risk management.
Executes a dynamic, quarterly, risk-based audit plan ensuring the plan focuses audit activity on key areas of most significant business risk. Monitors and anticipates regulatory and business change, assesses the potential impact and instigates exceptional audits as required. Provides an appropriate level of assurance, that the most significant risks to the business are being well managed.
Manages the workload of assigned audit resources, monitors the quality of audit files and ensures all audit work complies with GIA’s audit methodology and standards. Delivers audits on time and to agreed budgets, presents to executive management and agrees commercially viable audit recommendations and business actions to address areas of risk and failures in the control framework.
Influences executive 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.
Uses influencing, negotiating and diplomacy skills to manage key internal and external stakeholders relationship, works closely with business management to ensure business plans and initiatives are incorporated within GIA’s risk assessment and audit plans.
Keeps abreast of and anticipates significant external and internal regulatory and business changes, assessing their potential impact and developing audit strategies for audit activity in these areas.
Analyses audit opinions and conclusions providing input to GIA commentary to the Group Audit Committee, relevant business division Boards and Risk & Compliance Committees, on significant areas of concern and the remedial actions required to mitigate risk to the Group.
Ensures that the principles of treating customers fairly (TCF) are embedded into management practices, so that identified risks recognise relevant TCF outcomes, and business processes and internal controls are structured and performed in a way that effectively delivers the required TCF outcomes.
- Skills Required
Demonstrable understanding of risk management principles and practices.
Extensive experience of Internal Audit principles and practices, managing internal audit and assurance delivery within a framework of matrix-reporting and able to provide authoritative guidance to auditors.
Demonstrable knowledge of Conduct and Prudential Regulatory Risk, Corporate Governance practices and frameworks.
Extensive experience of Accountancy principles and practices.
Comprehensive knowledge of life and pensions insurance products throughout their lifecycle, and of general insurance business, and supporting processes.
Previous experience in a business role within the insurance industry is an advantage.
Directing and delivering a programme of audits, leading technical or complex reviews and providing overall quality control.
Strong leadership skills.
Articulate and effective communicator, both orally and in writing.
Energetic and enthusiastic with a strong work ethic.
Ability to offer purposeful, constructive scrutiny and challenge through sound, independant judgement and common sense.
Resilient, handles adverse responses or criticisms positively and constructively.
Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 30 days' holiday, private medical insurance, performance related bonuses, discounts at both a huge range of high street stores and our own great products, as well as a 12% car allowance scheme, your hard work will be rewarded when you join us.
Our view is that this role is suitable for agile working. This means we would consider a more flexible working arrangement, where your hours and work location are managed according to business, customer and personal needs. For this role, you would be based in Hove, but you could work in other Legal & General offices or at home, as necessary, provided this meets business needs. Details of agile working will be discussed during the interview process.
For further information about the role, please contact Lynn Morriss, UK Resourcing Lead, at email@example.com