Senior Internal Audit Specialist

Together, we engage with everything we have and are, to help humankind act braver and better.

A Shared Service Provider to Munich Re Specialty Group (including, inter alia, Munich Re Syndicate Limited), Munich Re UK Life Branch (Life Reinsurance provider), Great Lakes Insurance SE UK Branch and UK Subsidiary (specialty providers of primary insurance services in the UK), Hartford Steam and Boiler Engineering Insurance Limited (primary insurance provider) and Bell and Clements (Lloyd’s Broker and MGA).

As part of the UK Internal Audit Hub you’ll provide audit services to Munich Re’s UK entities to assist Senior management in the achievement of the Company’s strategic objectives. As a trusted advisor, you will build effective relationships while contributing independent value added assurance and recommendations across a wide variety of business processes.

• As an individual, we’ll invest in your development as well as offer a market competitive remuneration package and a superb package of benefits including flexible working.

• Audit engagement activities
• Undertake and own internal audits in either the lead, standalone or supporting roles.
• Utilise audit tools and techniques which are the best fit for the topic, including defining, obtaining and analysing whole population datasets.

• To formally report the findings, conclusions, and recommendations.
• To provide a risk-level grading to audit findings, areas of scope and report opinions.
• To take ownership for monitoring the implementation of recommendations by stakeholders.
• To plan and conduct follow-up audit work, where considered necessary, in order to evaluate the satisfactory completion of original audit recommendations.

• To develop relationships with stakeholders as agreed with the Head of Audit.
• To gain a deep understanding of the organisation.
• Proactively contribute to the audit planning process.

• To provide ad-hoc consultancy as requested.
• To keep up-to-date with internal and external regulations and internal audit best practice.
• To contribute to the continued development of the audit function.

Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement.

Business insight (we think big) – you can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.

Collaboration (we lead the ‘we’) – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction.

Client focus (we grow with our clients) – you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.

Cultivates innovation (we grow with our clients) – you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.

Courage (we care and dare) – you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear.

Persuades (we are clear and authentic) – you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.

• Demonstrable primary insurance knowledge, including Lloyd’s of London.
• Sound knowledge of controls, risk management, compliance and corporate governance.
• Able to conduct underwriting audits effectively.
• Knowledge of UK regulatory requirements.
• Demonstrable ability to spot patterns and trends, deducing cause and effect, using data analytics.

• CISA / Accountancy qualification / CIA / Internal audit professional.
• Reinsuranc…