Internal Audit Manager

The main purpose of the role is to manage and execute internal audits covering all aspects of LII/LMRe/GRS’s operations; assessing business processes and risks and evaluating internal controls to provide an independent appraisal of the internal control environment. The role is responsible for the end-to-end audit process, from initial planning and stakeholder engagement, through to development of testing approach, execution of testing, report writing, stakeholder sign-off and population of relevant information into Audit Committee, and other committee reporting as necessary. Recommendations to improve business processes and controls, and contribution towards greater business efficiency will be key deliverables. It is expected that this position will include responsibility for the execution of complex audit projects in accordance with plan. The Internal Audit Delivery Manager should expect to assume a lead role in managing the completion of audit assignments under the direction of the Heads of Audit.

About the Department & Team: Internal audit is an independent, objective assurance and consulting activity designed to help the business accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. The London/Europe IA team form part of a Global Internal Audit (GIA) function which consists of over 100 auditors split across Liberty Mutual. This role will have support provided by both the GIA IT Audit and Advanced Analytics teams.

Key Responsibilities

• Management and execution of all aspects of the audit process as necessary (planning, scoping, field execution, reporting, committee reporting, issue tracking and closure validation etc.) for a portfolio of audits from the Internal Audit annual plan;
• Oversight of co-source partners engaged to provide specialist internal audit services on relevant assignments.
• Interaction and project management of audit deliverables provided by other functions within GIA, such as IT and data analytics support.
• Conducting special projects at request of Head of Internal Audit / company management responding to emerging business risks.
• Preparation of audit working paper documentation in accordance with professional standards and GIA methodology.
• Peer review of work performed by other members of the IA team.
• Audit follow up to verify issues have been adequately addressed by management.
• Interaction with all levels of management.
• Co-ordination of internal audit activities with risk management and compliance functions.
• Support in identifying areas for annual planning as well as preparation of committee papers, reports and annual plans.

GIA and Reporting

• Support the delivery of Audit Committee reporting.
• Support GIA by seeking opportunities to improve processes, technology and audit methodology.

Other

• Keep up to date with internal Liberty and market developments.
• Knowledge sharing across the delivery management resource pool.
• Significant input and contribution to the audit planning process and interaction with the Risk Management team.
• Support development and delivery of the GIA and LII/LMRe strategy.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity.
• LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times.

Skills and Experience

• Proven track record within internal environment evidencing strong performance in conducting high quality audit work, findings and reports.
• Effective interaction with all levels of senior management.
• Insurance / Reinsurance industry experience would be a significant advantage.
• Experience in presenting and discussing information in a logical, professional and objective manner, and to manage discussions to effectively build consensus and drive forward looking actions.
• Self-confidence and ability to deal effectively with all levels of management.
• Strong stakeholder management, coaching and project management skills, and team working aptitude (demonstrated leadership in managing stakeholders and projects).
• Strong knowledge of technical auditing concepts, business processes and internal control systems and keep up to date with latest market areas of focus and trends.
• Sound understanding of core regulatory/best practice control models (FSA, Sarbanes-Oxley, COSO etc.).
• Strong oral/written communication and interpersonal skills.
• Strong analytical skills.
• Ability to use Microsoft applications, including a degree of data analytics knowledge to execute basic analytical tasks.
• Ability to apply advanced analytical concepts to improve business outcomes.