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- Tasks: Evaluate and improve risk management and governance processes through internal audits.
- Company: Join a collaborative and innovative company that inspires progress.
- Benefits: Gain valuable experience, professional development, and a supportive work environment.
- Why this job: Make a real impact by enhancing operational efficiency and control frameworks.
- Qualifications: Relevant degree and strong analytical skills; insurance sector experience is a plus.
- Other info: Opportunity to build trusted relationships and grow your career in a dynamic team.
The predicted salary is between 36000 - 60000 £ per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibilityâ„ .
As an Internal Auditor, you will be a key member of our Internal Audit team, responsible for evaluating and improving the effectiveness of our risk management, control, and governance processes. You will work closely with various departments to assure the effectiveness of our control framework and facilitate operational efficiency. The role holder will perform internal audits for Arch Insurance International with a primary focus on Arch UK Group (AUKG) and its regulated entities. Risk-based internal audits include review of operational, financial, regulatory and governance and internal control processes. Internal audit work may also include consulting engagements to support our business teams and executive management.
In this role you will plan and conduct high quality, risk-focused audits in accordance with the IIA Global Internal Audit Standards, CIIA Code of Practice and Internal Audit policies, procedures and methodologies to identify issues and address priority risks. This is a key member of the Internal Audit team who takes ownership and pride in their work and the success of the team.
Key Tasks and Responsibilities
- Perform audit testing in line with agreed testing strategies and support Internal Audit Managers on larger reviews
- Plan and execute smaller reviews end-to-end, including identifying risks, controls, and appropriate testing approaches
- Conduct detailed walkthroughs for assigned audit areas
- Draft Terms of Reference for smaller reviews
- Escalate material risks and issues promptly to the Head of Internal Audit and relevant Internal Audit Manager
- Identify control weaknesses and work with line management to agree and close out actions
- Draft clear, well-articulated issues for inclusion in audit reports
- Manage issue validation and closure with line and senior management
- Finalise and issue audit reports for smaller reviews
- Track, follow up, and close audit findings through to implementation
- Build strong, trusted relationships with key stakeholders, acting as a credible business partner while maintaining the independence expected of the 3rd Line of Defence
- Engage in relevant training regarding audit, businesses, financial controls and regulation to ensure compliance and competency within internal auditing work
- Maintain audit proficiency through self-study, training and professional association memberships
- Work independently and in a team to maximise performance
Skills/Competencies
- Strong understanding of the audit process including the IIA Global Internal Audit Standards and the CIIA UK Code of Practice
- Strong analytical and problem-solving skills
- Familiarity with the use of data analytics
- Understanding of risk management and internal controls
- Strong written and verbal communication skills including reflective listening, presenting, workpaper documentation and report writing
- The ability to work within a team and to escalate issues that require attention
- Draft improvements that add value for the organisation
- Time and project management skills with the ability to prioritise and multitask
- A high level of accuracy and attention to detail
Qualifications and Experience
- Relevant degree from an accredited college or university
- Recently qualified or working towards relevant professional membership/qualifications (e.g., ACCA, Certified Internal Auditor) is a plus, but not required.
- Experience within the insurance sector and ideally experience of the Lloyd’s market
Internal Auditor in London employer: Arch Capital Group
Contact Detail:
Arch Capital Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Internal Auditor in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees in the internal audit field. They can give you insider info about the company culture and even refer you for the role. Plus, it shows you're genuinely interested!
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of the IIA Global Internal Audit Standards and CIIA Code of Practice. Be ready to discuss how you've applied these in past roles or how you'd approach them in this new position.
✨Tip Number 3
Showcase your analytical skills during the interview. Bring examples of how you've identified risks and implemented controls in previous jobs. This will demonstrate your problem-solving abilities and your fit for the role.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're keen on joining our team and contributing to our mission of enabling possibility.
We think you need these skills to ace Internal Auditor in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Internal Auditor role. Highlight your understanding of audit processes and any relevant qualifications, as we love seeing how you fit into our culture of collaboration and innovation.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about internal auditing and how you can contribute to our mission of enabling possibility. Keep it concise but impactful, showing us your personality.
Showcase Your Skills: In your application, don’t forget to highlight your analytical and problem-solving skills. We’re looking for someone who can identify risks and improve processes, so give us examples of how you've done this in the past!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Arch Capital Group
✨Know Your Audit Standards
Familiarise yourself with the IIA Global Internal Audit Standards and the CIIA Code of Practice. Being able to discuss these frameworks confidently will show that you understand the foundations of the role and can apply them effectively in your work.
✨Demonstrate Analytical Skills
Prepare examples of how you've used analytical and problem-solving skills in past roles. Think about specific situations where you identified risks or control weaknesses and how you addressed them. This will help you stand out as a candidate who can add value.
✨Build Relationships
Since the role involves working closely with various departments, be ready to discuss how you've built strong, trusted relationships in previous positions. Highlight your communication skills and ability to act as a credible business partner while maintaining independence.
✨Showcase Your Continuous Learning
Mention any relevant training or professional memberships you're pursuing, like ACCA or Certified Internal Auditor. This demonstrates your commitment to staying updated in the field and your dedication to personal and professional growth.
