Job Type:
Permanent
Build a brilliant future with Hiscox
Position: Senior Internal Auditor
Reporting to: Audit Director
Location: York or London
The team
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.
The Vision for the Group Internal Audit team is ‘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’. The purpose of this Vision is to provide a consistent point of reference for our development. Our day to day work and any changes we make to what we do must be consistent with and contribute to this Vision.
The Group Audit team is based across three hubs in the UK (London), Europe (Lisbon and Luxembourg) and US (Atlanta and White Plains). The team is supplemented with additional co-source when required.
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 be supporting Hiscox’s Business Units and Group functions. This will be through working with other members of the team, alone on some reviews or with co-source.
The role covers all aspects of the successful delivery of audits, including:
1. 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;
2. effective stakeholder and relationship management at all levels;
3. making effective and pragmatic recommendations to address issues and to add value to the business;
4. working with and supporting other team members;
5. 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
6. 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 to 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
7. Must be degree qualified with a professional accountancy, audit, or CISA qualification;
8. Previous internal audit experience (while internal audit experience is highly preferential, we will consider exceptional candidates from an external audit background) which must be gained within insurance or wider Financial Services
9. A dynamic, assertive and self-confident individual who can deliver without the need for high levels of supervision
10. The ability to plan and organise an end to end audit with minimal day to day supervision, audit with the inherent flexibility to adapt the process as required
11. Independent worker, resilient and self-reliant. Must also be confident delivering difficult messages to senior stakeholders and be comfortable drafting written reports (which will be shared at Group Committee and Board level)
12. Strong people and relationship building skills, notably influencing and negotiating
13. Sound audit judgement
14. Excellent team working skills and the ability to supervise and coach other team members constructively and effectively
15. Innovative problem solving skills and the courage to apply them
16. Excellent communication skills, both oral and written
17. Good commercial awareness
Why Hiscox?
In addition to a competitive remuneration package including a profit and performance 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 in to more senior roles within Internal Audit, or within Hiscox more broadly.
About Hiscox
As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.
Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.
Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.
Diversity and Hybrid working
At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.
We have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance.
This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.
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Work with amazing people and be part of a unique culture