Senior Internal Auditor
RiverStone International is an established global non-life run-off insurance business specialist with more than 25 years of experience. Operating in the UK company and Lloyd’s of London markets, Bermuda, U.S., and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring over $17.7 billion of gross liabilities since 2010 and with around $6.7 billion of liabilities currently under management.
The role of Senior Internal Auditor will support the Audit Manager / Head of Group Internal Audit in meeting the objectives and purpose of the Internal Audit function, as set out in the Internal Audit Charter.
With a specific focus on:
The role of Senior Internal Auditor will support the Audit Manager / Head of Group Internal Audit in meeting the objectives and purpose of the Internal Audit function, as set out in the Internal Audit Charter.
With a specific focus on:
- Leading the end-to-end delivery of assigned audits from the annual internal audit plan (from planning through to reporting, and tracking progress made by management against agreed actions).
- Meeting relevant business stakeholders to discuss: the delivery of audits; broader business developments; the status of open audit findings.
- Adhering to appropriate internal audit procedures (in line with requirements from relevant professional standards).
- Working collaboratively with other team members to further develop the Internal Audit function.
Responsibilities
- Plan, carry out and conclude internal audits (financial, operational and compliance) in accordance with the annual Internal Audit procedures.
- Completes and documents assigned work in line with expected standards (and takes responsibility for addressing review feedback).
- Contribute to the development of appropriate management recommendations (based on internal audit work performed).
- Assist with the quarterly risk assessment review process and monthly ExCo reporting (as required).
- Assist in drafting Internal Audit reports suitable for sharing with senior management and the Audit Committees.
- Assist with the review of the remedial actions taken by management (including assessment of adequacy of such actions in addressing earlier audit findings and recommendations).
- Provide support in respect to the management of other administrative responsibilities with regards to the internal audit function.
- Work collaboratively with other team members to further develop the Internal Audit function (regarding a continuous improvement mindset).
- Contribute to developing and maintaining a strong working relationship between the Internal Audit function and the business.
- Assist in the provision of coaching, support, and technical training to other team members.
- Improve own personal development (through recommended experiences and learning curricula).
- Manages own time in line with internal resource allocation.
Requirements
Desirable Experience
- Newly qualified as an accounting or internal audit professional (e. g. ACA, ACCA, CIA).
- 5+ years’ experience working as an Internal Auditor in the insurance sector or financial services (experience in general insurance and/or the Lloyd’s market is preferable).
- Experience in supervisory role (providing hands-on coaching and review to deliver high quality and efficient audit work).
- Interacting with a variety of business stakeholders.
Knowledge
- Firm knowledge of internal auditing procedures, the requirements of the IIA’s Standards for the Professional Practice of Internal Auditing, and the IA Financial Services Code.
- Clear understanding and application of the principles of good corporate governance, business and operational risk and control processes/procedures.
- A good working knowledge of general insurance and the Lloyd’s market (insurance run-off also desirable).
- Awareness of current and emerging risks on core areas of typical/potential IA focus. For example: conduct risk (Consumer Duty); information security and data protection.
- Experience of using innovative audit tools and techniques such as data analytics.
Skills
- Verbal and written communication.
- Analysis and problem-solving.
- Professionally sceptical mindset.
- Ability to work independently.
- Attention to detail.
- Documents work to a high standard (enabling another to re-perform the work).
- Ability to build relationships (with individuals at all levels).
- Coaching and supervision of others.
Benefits
We believe in taking care of our team and helping our employees thrive both professionally and personally.
Our benefits include:
- Private Medical and Dental cover – Comprehensive Private Medical and Dental Insurance schemes with Bupa
- Health and Wellness –including access to our Employee Assistance Programme, Headspace subscription, Mental Health First aiders at each site, up to five funded counselling sessions per year, annual health check-up and eye test voucher
- Wellbeing Allowance – Can be used towards either physical or mental health wellbeing activities
- 25 days’ holiday per year – plus bank holidays and office closure on Christmas Eve. Holiday entitlement increases with length of service
- Bonus scheme – dependent on achieving individual, department and company goals
- Pension – a non-contributory defined contribution pension scheme
- Life Assurance – provides a lump sum 10 x your salary
- Permanent Health Insurance Scheme – scheme pays benefits during a prolonged period of illness or disability lasting more than 26 weeks
- Parental Leave – Enhanced Maternity, Paternity and Shared Parental Leave policy
- Training and development – Company funding for professional qualifications that would be beneficial for your role
- Volunteering and charity – triple matching donations made independently or via our Give As You Earn scheme, and two paid volunteering days per year to help give back to our local communities
- Cycle To Work Scheme – a tax efficient way to purchase a bicycle
- Interest Free Travel Loan – to assist with commuting costs
- Travel Insurance – business and personal travel
- Sports and Social – active sports and social committee that organizes subsidised events