AVP, Internal Audit

AVP, Internal Audit

Full-Time 70000 - 90000 £ / year (est.) Home office (partial)
Chubb

At a Glance

  • Tasks: Lead and deliver high-quality internal audits across financial, operational, and compliance risks.
  • Company: Join a leading insurance firm committed to integrity and teamwork.
  • Benefits: Competitive salary, hybrid working, generous leave, and comprehensive learning opportunities.
  • Other info: Diverse and inclusive workplace focused on employee development and well-being.
  • Why this job: Make a real impact by enhancing audit processes and driving strategic improvements.
  • Qualifications: 10 years of experience in internal audit with strong leadership and communication skills.

The predicted salary is between 70000 - 90000 £ per year.

The AVP (Assistant Vice President), Internal Audit, plays a key role in directing and delivering high-quality internal audit coverage across key financial, operational and compliance risk exposures across the business in accordance with the audit plan and consistent with the Internal Audit Charter. The role combines technical audit expertise with strong leadership, business partnering and stakeholder management capabilities. The AVP manages multiple audit engagements from planning through to reporting, supervises a team of audit professionals, supports the development of the audit strategy and risk universe, and builds credible relationships with business management to provide independent, objective insight.

Key Responsibilities

  • Plan, allocate resources, oversee and deliver audit projects in line with Internal Audit methodology, ensuring timely completion of projects within budget, high-quality outcomes and actionable recommendations.
  • Conduct and report on special assignments such as management requests for advisory reviews and fraud investigations.
  • Manage stakeholder relationships, including business management, senior leadership, regulators, and external auditors, through clear and timely communication and high quality deliverables.
  • Support the annual risk assessment and maintenance of the audit universe for the allocated entities/processes to reflect changes in risk levels and strategic direction of the Company.
  • Support preparation of the regional audit plan and audit strategy.
  • Track progress of the audit plan against available resources to ensure timely completion.
  • Prepare periodic reports on audit plan status, including open issues and resourcing, and present results of Internal Audit activities and investigations for governance and audit committees.
  • Promote application and use of AI, data analytics, continuous auditing/monitoring, process automation, to increase audit coverage and optimize audit efficiencies.
  • Coordinate and partner with first and second line functions (compliance, risk management, underwriting QA, claims QA, financial compliance).
  • Provide advisory support to management on risk, control and regulatory matters as required.
  • Actively participate in global IA continuous improvement initiatives.
  • Keep informed of regulatory and market developments impacting regional business, and stay current on organisational goals and objectives.
  • Supervise, coach and manage audit staff to support strong performance, productivity, capability development and timely delivery of audit projects.

Qualifications & Experience

  • Bachelor's degree or equivalent.
  • Professional qualification: ACA, ACCA, CIA, CIMA, CPA or equivalent.
  • Minimum 10 years of relevant experience inclusive of 3 years of managerial experience.
  • Experience within internal audit, or a combination of internal audit, risk and compliance experience within the insurance industry; or internal audit experience with a professional services firm as an insurance specialist.
  • Proven track record of managing multiple audit engagements end-to-end, including planning, fieldwork, reporting and follow-up.
  • Strong understanding of risk-based audit methodologies, risk assessment and internal controls, and the IIA Standards.
  • Demonstrable knowledge of the insurance industry, including underwriting, claims, finance, compliance and applicable regulatory frameworks (e.g., Solvency II, Lloyd's, PRA/FCA or relevant local regulators).
  • Experience of coordinating with first and second line functions.
  • Strong report writing skills, with the ability to communicate complex findings clearly and concisely to senior audiences.
  • Demonstrated experience in leading, coaching and developing audit staff.
  • Experience with AI tools and platforms and their usage within the audit process.
  • Experience with data analytics tools and audit management/workflow systems.
  • Exposure to continuous auditing and continuous monitoring methodologies.
  • Willingness to travel up to 10%.

We offer in return!

  • Competitive salary & pension scheme
  • Discretionary bonus scheme
  • 25 days annual leave plus ability to purchase additional days
  • Hybrid working options
  • Private Medical cover
  • Employee Share Purchase Plan
  • Life Assurance
  • Subsidised gym membership
  • Comprehensive Learning & development offerings
  • Employee Assistance program

Integrity, client focus, respect, excellence, teamwork

Our core values dictate how we live and work. We're an ethical and honest company that's wholly committed to its clients. A business that's engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that's collaborative and supportive.

Diversity & Inclusion

At Chubb, we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances. We are committed to ensuring our recruitment process is inclusive and accessible to all. If you have a disability or long-term condition (for example dyslexia, anxiety, autism, a mobility condition or hearing loss) and need us to make any reasonable adjustments, changes or do anything differently during the recruitment process, please let us know.

Chubb

Contact Details:

Chubb Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land AVP, Internal Audit

Join Compliance Communities

Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!

Attend Industry Conferences

Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.

Leverage Your University Career Services

If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.

Showcase Your Knowledge Online

Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Chubb looking for candidates who are engaged and informed.

We think you need these skills to ace AVP, Internal Audit

Internal Audit Expertise
Leadership Skills
Stakeholder Management
Audit Planning
Risk Assessment
Report Writing
Data Analytics

Some tips for your application 🫡

Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!

Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.

Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!

Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Chubb. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!

How to prepare for a job interview at Chubb

Master the Regulations

Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!

Show Your Analytical Skills

Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!

Know Your Tools

Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!

Align with Company Culture

Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Chubb’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!