Internal Audit Senior

£40k - £50k
City of London
05 Feb 2019

An excellent internal Audit Senior role has arisen with the Governance, Risk & Control Assurance team

An excellent internal Audit Senior role has arisen with the Governance, Risk & Control Assurance team. This role is reporting into the Financial Services Manager

Overview of Firm

Based in Canary Wharf, this firm has in-depth expertise in many fields of tax, accountancy and finance, and work for clients ranging from large, listed corporates and SMEs to individuals, their families and their businesses.

Financial Services Division

The Financial Services Division services clients in the insurance sector including Lloyd's syndicates, insurance companies and intermediaries.

Within the Financial Services Division, we have a team that specialises in the delivery of Governance, Risk & Control Assurance services (such as internal audit) to clients in the insurance sector, either on an outsourced, co-sourced or secondment basis. The team is in the process of expanding its size, expertise and client portfolio


As an Audit Senior you will work on a variety of audits and:

  • Attend pre-audit discussions with the client;
  • Assist the Manager with the planning and production of the audit plan/scope;
  • Understand the objectives of each audit including the budget requirements;
  • Ensure that the work undertaken is in accordance with the approved audit plan/scope, timetable and budget;
  • Advise the Manager of any developments that may lead to a change in audit approach;
  • Ensure compliance with the firm's internal audit methodology and external requirements (such as

the IA Standards and the Financial Services Code);

  • Identify and understand key risks and controls based on experience, knowledge of best practice

from regulators and from working with other clients;

  • Identify and assess any control weaknesses/failings relevant to the scope of work;
  • Recommend appropriate solutions to control weaknesses/failures and communicate and agree

these with clients effectively;

  • Work co-operatively with other members of the audit team including subject matter experts where necessary including actuarial, IT and tax;
  • Be responsible for drafting the audit report ready for Manager/Partner review;
  • Clear Manager/Partner review points and follow up any outstanding queries;
  • Respond to all client queries and concerns in an efficient and professional manner, often dealing

directly with senior management;

  • Provide sound advice to clients and demonstrate knowledge of business issues; and
  • Provide a detailed analysis of time charged on every assignment to facilitate billing and future


In addition, the Audit Senior will be expected to contribute to the continuing development of the

Governance, Risk & Control Assurance team and:

  • Attend marketing events that are hosted by the team;
  • Participate in internal/external training to build relevant knowledge and expertise and sharing this

with the wider team;

  • Maintain awareness of relevant news and developments within the insurance sector;
  • Identify any new business opportunities and refer to Manager/Partner for follow up.

Person Specification

Skills and Qualifications

  • ACA/ACCA (or equivalent) nearly or newly qualified;
  • Experience of delivering and leading risk-based audits (or similar work) either in a

professional practice or in an in-house internal audit function;

  • Experience in the insurance sector, including London/Lloyd's market, is preferable;
  • Demonstrable knowledge and application of relevant regulatory requirements such as Solvency II,

Lloyd's Minimum Standards, PRA/FCA requirements, CASS 5 rules;

  • Proven communication skills including ability to communicate effectively with senior members of

client staff;

  • Experience of client management and liaison from the planning stage up to point of audit

completion, identifying opportunities to provide added value;

  • Excellent report writing skills; and
  • Strong IT skills.

Personal Attributes

  • Proactive approach to work;
  • Sound professional judgement;
  • Attention to detail;
  • Ability to take responsibility;
  • Commercial outlook;
  • Ability to work under pressure, prioritise workload and meet tight deadlines;
  • Analytical and problem solving skills;
  • Flexible in approach to work;
  • Able to communicate effectively and keep others informed;
  • Able to develop and maintain strong client relations;
  • Ability to delegate to the appropriate levels within the team; and
  • Ability to encourage team spirit and improve the performance of junior staff by providing clear

instructions, supporting and involving team members, monitoring individual performance and

providing constructive feedback.

If this position interests you please apply today

Morgan McKinley is acting as an Employment Agency in relation to this vacancy.

Please note that any references to salary or pay rates in this advertisement and in the salary refinement section are indicative only and should only be used as a guide.

Josh Rufus's picture
Manager | External Audit Recruitment
London +44(0) 207 092 0152 |