Audit Analyst - Insurance, Pensions & Investments

Audit Analyst - Insurance, Pensions & Investments

Full-Time 47790 - 53100 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Join us as an Audit Analyst and support impactful audits in Insurance, Pensions & Investments.
  • Company: Lloyds Banking Group, a leader in banking, insurance, and investment in the UK.
  • Benefits: Enjoy a competitive salary, generous pension, flexible working, and 28 days holiday.
  • Other info: Diversity and inclusion are at our core; we support your growth and well-being.
  • Why this job: Make a real difference in customers' lives while growing your career in a supportive environment.
  • Qualifications: Prior audit experience and knowledge of insurance or investments are essential.

The predicted salary is between 47790 - 53100 £ per year.

End Date: Monday 16 March 2026

Salary Range: £47,790 - £53,100

Flexible Working Options: Hybrid Working, Job Share

Location(s): Edinburgh & Bristol

Hours: Full-time

Working Pattern: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our hub locations.

Would you like the opportunity to participate in audits that make a meaningful impact to how the Group supports our customers at key moments in their life? Group Audit and Conduct Investigations (GA&CI) has an exciting opportunity for you to join as an Audit Analyst, specialising in Insurance, Pensions & Investments (IP&I).

About this opportunity:

  • As an Audit Analyst you’ll support the delivery of high-quality audits.
  • You’ll apply your knowledge of audit methodology to evaluate and test the design and operation of key controls.
  • You would become a proactive team member, with a growth mindset and will collaborate with other colleagues from across the GA&CI function on integrated audits.

Day to day, you will:

  • Support control testing and identify areas of concern, articulating the potential challenge.
  • Help deliver the audit plan and add valuable insights to the business to support them in achieving the right outcomes for customers.
  • Develop an understanding of the areas of the business that you are auditing using your existing knowledge of the Insurance, Pensions and Investments industry.
  • Actively role model the Group values and behaviours.
  • Proactively own and drive your career development opportunities.
  • Create a positive learning culture, coach and support less experienced members of the audit team.
  • Provide timely and effective feedback to support their development.

What you’ll need:

  • Risk Management and Control: Prior audit (internal or external) or risk assurance experience. Strong track record of delivering risk and control assurance work that is impactful, insightful and valued by stakeholders.
  • Technical Expertise: Knowledge of insurance, pensions or investments products.
  • Project Delivery: Strong verbal and written communication skills. The ability to take ownership and prioritise your work effectively to ensure it is delivered on time.
  • Strategic Thinking: The ability to understand and interpret Group and Business Unit Strategy and connect this to audit delivery to develop relevant insights. Be willing to take on new challenges and take ownership of your own growth and development.
  • Data Analytics: The ability to analyse, understand and communicate data as information, and to use data to drive effective audit outcomes.

And any experience of these would be really useful:

  • Understanding and experience of investment fund structures and regulated financial advice.
  • Experience of using Agile project management principles to deliver audits.
  • Understanding of investment platforms and products.

About working for us:

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities and we’re committed to creating an environment in which everyone can thrive, learn and develop. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative. We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long‑term health or neurodivergent condition through the Disability Confident Scheme. We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

We also offer a wide-ranging benefits package, which includes:

  • A generous pension contribution of up to 15%
  • An annual performance‑related bonus
  • Share schemes including free shares
  • Benefits you can adapt to your lifestyle, such as discounted shopping
  • 28 days’ holiday, with bank holidays on top
  • A range of wellbeing initiatives and generous parental leave policies

If you’re excited by the thought of becoming part of the team, get in touch. We’d love to hear from you!

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

We're focused on creating a values‑led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.

Audit Analyst - Insurance, Pensions & Investments employer: Lloyds Banking Group

Lloyds Banking Group is an exceptional employer, offering a dynamic work culture that prioritises diversity, equity, and inclusion. With flexible hybrid working options and a commitment to employee growth, you will have access to extensive training and development opportunities while contributing to meaningful audits that impact customers' lives. The generous benefits package, including a substantial pension contribution and wellbeing initiatives, further enhances the rewarding experience of working in vibrant locations like Edinburgh and Bristol.

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Contact Details:

Lloyds Banking Group Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Audit Analyst - Insurance, Pensions & Investments

Tip Number 1

Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.

Tip Number 2

Prepare for interviews by researching the company and its values. Understand their approach to audits in Insurance, Pensions & Investments, and think about how your skills can contribute to their mission.

Tip Number 3

Practice your responses to common interview questions, especially those related to risk management and control. Use the STAR method (Situation, Task, Action, Result) to structure your answers and showcase your experience.

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 genuinely interested in joining our team at Lloyds Banking Group.

We think you need these skills to ace Audit Analyst - Insurance, Pensions & Investments

Audit Methodology
Risk Management
Control Testing
Insurance Knowledge
Pensions Knowledge
Investments Knowledge
Data Analytics

Some tips for your application 🫡

Tailor Your CV:Make sure your CV is tailored to the Audit Analyst role. Highlight your relevant experience in audit methodology and risk management, and don’t forget to showcase your knowledge of insurance, pensions, and investments. We want to see how you can bring value to our team!

Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills align with our needs. Be sure to mention any specific experiences that demonstrate your ability to deliver impactful audits.

Showcase Your Communication Skills:Strong verbal and written communication skills are key for this position. In your application, make sure to convey your ability to articulate complex ideas clearly. We love candidates who can communicate effectively with stakeholders and team members alike!

Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets the attention it deserves. Plus, you’ll find all the details you need about the role and our company culture there!

How to prepare for a job interview at Lloyds Banking Group

Know Your Stuff

Make sure you brush up on your knowledge of insurance, pensions, and investments. Familiarise yourself with the latest trends and regulations in the industry. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.

Showcase Your Audit Experience

Be ready to discuss your previous audit experiences, whether internal or external. Highlight specific projects where you delivered impactful risk and control assurance work. Use examples that demonstrate your ability to identify areas of concern and articulate challenges effectively.

Communicate Clearly

Strong verbal and written communication skills are crucial for this role. Practice explaining complex audit concepts in simple terms. During the interview, ensure you listen carefully and respond thoughtfully to questions, showcasing your strategic thinking and ability to connect audit delivery to business strategy.

Embrace a Growth Mindset

Demonstrate your willingness to learn and develop by discussing how you've taken ownership of your career growth in the past. Share examples of how you've coached or supported less experienced team members, as this aligns with the Group's values and shows you're a team player.