Head of Internal Audit

My client is a leading Reinsurance legacy business providing capital management and risk transfer solutions to the insurance industry.

A the Head of Internal Audit (UK) your responsibilities will include;

Hold SMF5 status in the UK in line with regulatory expectations.

Use a risk-based methodology develop a three year rolling UK audit plan based on the full spectrum of business risks, including concerns and issues raised by the Boards, committees, management and regulators.

Be responsible for the delivery of the annual UK audit plan:

• Review processes and controls to identify and assess potential areas of risk, including, but not limited to, safeguarding of assets, reliability of financial and management reporting, compliance with laws and regulations and effectiveness and efficiency of operations;
• Discuss findings of internal audit reviews with management in order to support them to develop the most appropriate, proportionate and effective solutions to issues arising;
• Report the results of internal audit reviews, including management proposed action plans, to the Audit Committee, Chief Executive Officer and management
• Support the Group Head of Internal Audit in drafting Board, Committee, Exco etc presentations / reports.
• Oversee and manage any internal audit staff, providing guidance, direction, and support, where required, to ensure staff meet their objectives.

Profile required:

• Qualified Auditor (internal Audit, financial audit or similar internationally recognised qualification)
• At least 7 years post qualification internal auditing experience, some with non-life insurance, life reinsurance and / or investment management.
• Certification relating to or experience of some of the following areas is also desired: claims management, investment management, risk management, compliance and/or business integration within the life or non-life (re) insurance industry.

Note, this is a full 360 role, requiring delivery of audits, A/C & Exec co presentations, support to the Global Head of Internal audit and team were required.