At a Glance
- Tasks: Support audit programmes and ensure compliance across third-party partners in the insurance sector.
- Company: Established insurance organisation known for technical expertise and collaborative culture.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth and engagement with diverse stakeholders.
- Why this job: Play a key role in enhancing audit quality and risk management in a growing company.
- Qualifications: Strong understanding of delegated authority arrangements and experience in audit or risk management.
The predicted salary is between 55000 - 65000 £ per year.
About the Company
A well-established insurance organisation operating within the specialty and delegated authority space. The business is recognised for its technical expertise, strong governance framework, and collaborative culture. It is focused on enhancing its operational capabilities, investing in risk management, and strengthening oversight of its global partner network as part of its ongoing growth strategy.
About the Role
This role sits within a delegated authority oversight function, supporting the delivery of a robust audit framework across third-party partners. It offers the opportunity to play a key role in ensuring audit quality, regulatory compliance, and effective risk management across a diverse portfolio of delegated arrangements. The position combines technical audit expertise with stakeholder engagement, contributing to continuous improvement of audit processes and oversight practices.
Responsibilities
- Support the planning, scheduling, and execution of annual and quarterly audit programmes.
- Analyse audit reports, identify issues, and ensure appropriate follow-up and escalation.
- Assist in developing risk-based audit scopes tailored to different business profiles.
- Monitor and track audit outcomes, ensuring timely resolution in line with risk appetite.
- Produce regular management information, reporting on audit progress, performance, and key risks.
- Support communication with internal stakeholders and external partners to drive audit actions.
- Contribute to the development and enhancement of audit policies, procedures, and processes.
- Provide technical input on delegated authority arrangements, including regulatory expectations.
- Assist in oversight and performance monitoring of outsourced audit partners.
- Prepare reports and documentation for internal committees and governance forums.
- Maintain accurate and timely audit data and records.
- Ensure compliance with relevant regulatory requirements, including conduct and financial crime standards.
Qualifications
- Strong understanding of delegated authority arrangements, including coverholders and binding authorities.
Required Skills
- Knowledge of regulatory frameworks, including conduct risk and financial crime requirements.
- Proven experience in audit, oversight, or risk management within insurance or financial services.
- Strong analytical skills with attention to detail and accuracy.
- Effective communication skills with the ability to engage a range of stakeholders.
- Good organisational and administrative capabilities, with the ability to manage multiple priorities.
- Proficiency in Microsoft Excel and Word.
Preferred Skills
- Experience within the Lloyd’s or specialty insurance market.
- Exposure to outsourced audit management or third-party oversight.
- Experience preparing management information and reporting for senior stakeholders.
Senior Delegated Authority Audit Analyst employer: Equity City
Contact Detail:
Equity City Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Delegated Authority Audit Analyst
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and audit sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company’s audit practices and regulatory frameworks. Show them you’re not just another candidate; demonstrate your understanding of their specific needs and how you can contribute to their audit quality and risk management.
✨Tip Number 3
Practice your communication skills! Since this role involves engaging with various stakeholders, being able to articulate your thoughts clearly is key. Consider mock interviews with friends or mentors to refine your approach.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got a streamlined process that makes it easy for you to showcase your skills and experience. Plus, it shows you’re genuinely interested in joining our team!
We think you need these skills to ace Senior Delegated Authority Audit Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Senior Delegated Authority Audit Analyst role. Highlight your audit expertise, regulatory knowledge, and any relevant experience in insurance or financial services.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for this role. Share specific examples of how you've contributed to audit processes or risk management in the past, and don’t forget to show your enthusiasm for joining our collaborative culture.
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, make sure to include instances where you've successfully analysed data or reports. We want to see how you identify issues and drive improvements in audit quality.
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 gives you a chance to explore more about our company and culture!
How to prepare for a job interview at Equity City
✨Know Your Audit Frameworks
Make sure you brush up on your knowledge of audit frameworks, especially those relevant to delegated authority arrangements. Be ready to discuss how you would apply these frameworks in real-world scenarios, as this will show your technical expertise and understanding of the role.
✨Showcase Your Analytical Skills
Prepare to demonstrate your strong analytical skills by discussing past experiences where you've identified issues in audit reports or risk management. Use specific examples to illustrate how your attention to detail has led to successful outcomes, which is crucial for this position.
✨Engage Stakeholders Effectively
Since this role involves a lot of stakeholder engagement, think about how you can communicate effectively with different parties. Prepare examples of how you've successfully collaborated with internal teams or external partners to drive audit actions and improve processes.
✨Stay Updated on Regulatory Requirements
Familiarise yourself with the latest regulatory frameworks, particularly those related to conduct risk and financial crime. Being able to discuss current trends and how they impact audit practices will demonstrate your commitment to compliance and risk management.