Senior Audit Manager Technical

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions. Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent. We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.

Description of the role: This is a key role in the Internal Audit Group Finance team for those with at least ten years’ experience in financial services and/or internal audit. The role is intended to bring the role holder up to the level where they have:

• A strong understanding of the workings of interactions with senior management, actuaries, accountants, and the governance structure (particularly the Audit Committee);
• A good understanding of the behaviours required to succeed in a respectful workplace where teamwork is essential;
• An ability to quickly assess key Finance operational processes and identify operational risks and controls, and deficiencies / inefficiencies inherent within them;
• An ability to effectively lead and/or delegate all aspects of audit assignments;
• Confidence to lead and train staff in not just performing internal audit assignments but also in other skills to position them for progression;
• An ability to articulate effectively both orally and in writing to senior stakeholders with minimal correction needed;
• Confidence to challenge assumptions and articulate findings to the most senior stakeholders.

To succeed you will need to demonstrate the following qualities:

• Be eager to learn, to take on new challenges, and to take ownership of your work;
• Be able to build relationships to work collaboratively;
• Be able to challenge, be challenged, and to value and respect the views of others;
• Be willing to share your knowledge and ideas and ask for help when you need it;
• Be able to review and process information quickly;
• Be able to demonstrate excellent knowledge of the business and the role of audit;
• Be able to communicate clearly to meet the needs of your audience.

Knowledge:

• Detailed knowledge of professional standards and codes relating to the actuarial or accountancy specialism.
• Relevant professional qualification (e.g. Actuary, or accountant) with significant relevant financial experience.
• Detailed level knowledge of life and pensions products, markets and competitors.
• Good knowledge of actuarial modelling and financial reporting.
• Detailed knowledge of audit tools, techniques and industry best practice.
• Detailed level knowledge of the UK Financial Services sector, including regulatory, governance and risk management rules and regulations relevant to financial and non-financial risk.
• Experience of using actuarial understanding and/or finance knowledge to support decision making.

Your main responsibilities will include:

• Planning & Risk Assessment: Leading meetings with the stakeholders to position the audit process, confirm the scope of the audit review, and confirm the planning process. Overseeing the work delegated to and performed by team members in performing the planning exercise. Reviewing and taking responsibility for the Terms of Reference document to ensure that it accurately reflects the audit mandate and is prepared in accordance with the requirements of the Internal Audit Standards Manual. Reviewing and taking responsibility for the update of TeamMate+ records of processes, activities and risks to ensure that they meet the requirements of the Internal Audit Standards Manual.
• Audit Performance: Travelling to different sites when necessary to meet relevant staff and review documents and information. Overseeing the design and performance of audit testing across different business/operational areas. Performing audit testing in key areas across different business/operational areas. Producing and reviewing audit files and working papers to ensure that they are of a consistently high standard in accordance with the requirements of the Internal Audit Standards Manual for all work performed under your responsibility. Treating the personal data of our customers, employees and other individuals lawfully and in accordance with current Data Protection laws, and other related legislation.
• Audit Reporting: Leading the discussion of the results of audit testing and any resultant observations with stakeholders. Overseeing and reviewing the documentation of audit observations written by more junior team members. Drafting own observations and taking responsibility for the overall final report document to ensure that it is written to a high standard and in line with the requirements of the Internal Audit Standards Manual.
• Business Partnering: Ensuring that affected stakeholders are informed about all aspects of specific audit timelines. Leading in the discussion of the results of audit testing with stakeholders to agree observations to be raised. Building relationships with stakeholders through acting with integrity, professionalism, and respect at all times to ensure that the Internal Audit function is seen in the correct light.
• Team Management: Assisting and helping to train more junior members of the team in a constructive and productive manner on all aspects of completing audit assignments. Provide constructive feedback in post audit assignment debriefs. Provide constructive input into the 360 assignment appraisal process. Developing good professional working relationships with colleagues behaving in a manner consistent with the Function’s Ways of Working document. Develop a personal development plan with your mentor manager.
• Audit Community: Actively participate in any Audit Community to which you belong. Proactively seek learning opportunities to develop knowledge and experience either through training or assignments. Proactively seek to lead and/or participate in initiatives to help develop the function. Contribute in team activities and treat colleagues with respect to contribute to a positive team environment. Comply with all mandatory conduct, training and disclosure requirements to help ensure that the Internal Audit function is not tarnished.

What we offer: At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
• We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.
• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.
• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks. M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com.