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;
Recommend appropriate solutions to control weaknesses/failures and communicate and agree these with clients effectively.
Required Knowledge, Skills, and Abilities
ACA/ACCA (or equivalent) qualified; Experience of delivering and leading risk-based internal 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 ideal; 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