At a Glance
- Tasks: Lead audits to ensure compliance and improve practices for safer roads.
- Company: Join MIB, a not-for-profit fighting against uninsured driving in the UK.
- Benefits: Enjoy hybrid working, generous holiday, and a supportive workplace culture.
- Why this job: Make a real impact on road safety while developing your audit skills.
- Qualifications: Experience in auditing, strong communication skills, and a keen eye for detail required.
- Other info: Embrace diversity and bring your authentic self to work at MIB.
The predicted salary is between 36000 - 54000 £ per year.
MIB is a not-for-profit organisation at the heart of the fight against uninsured driving. In the UK someone is a victim of an uninsured or hit-and-run driver every 20 minutes – that’s a huge problem. We exist to protect people from the devastation uninsured and hit-and-run driving causes. At MIB our people are passionate about making roads safer by getting uninsured and hit-and-run drivers off our roads. Working in partnership with the Police, Insurers and Government our collective aim is to make it a thing of the past but, until that’s accomplished, we’re here to compensate victims quickly, fairly and compassionately. Last year we helped more than 42,000 people struck by uninsured and hit-and-run drivers.
As our Compliance Auditor, you will carry out and lead operational and/or compliance audits of companies as required by their membership / usage of specific services provided by the MIB’s Client Companies (e.g. Claims Portal users, Official Injury Claim users, IFB member firms). You will also identify practices which contravene the governing body’s regulatory framework and recommend actions to address control weaknesses (and improvements to controls) identified during audit assignments, negotiating suitable corrective actions and timelines with appropriate stakeholders and to check recommendations have been implemented.
Key Responsibilities
- Co-ordinate and schedule audits of registered users of Official Injury Claim (e.g. solicitor firms and insurance firms).
- Take the lead in establishing individual audit requirements and co-ordinating the audit fieldwork.
- Perform audit fieldwork of registered users of Official Injury Claim.
- Write and deliver audit reports for registered users of Official Injury Claim.
- Contribute to the development of audit frameworks and audit work programmes to meet the needs of the MIB’s Client Companies.
- Make written recommendations on identified audit deficiencies and/or instances of non-compliance with the Official Injury Claim User Agreement.
- Work to tight deadlines, and monitor auditees’ progress against agreed timelines and objectives.
- Monitor auditees’ progress in implementing audit recommendations against agreed completion dates.
- Monitor delivery against the agreed annual audit plan, and communicate any concerns or obstacles to the Audit Manager so that these can be resolved.
- Monitor progress against personal objectives as agreed with the Audit Manager.
- Identify and escalate instances of non-cooperation among auditees, explore all available avenues for resolution among internal stakeholders.
- Assess and escalate issues of concern for clarity and discussion among MIB and Official Injury Claim stakeholders (e.g. the Audit Manager and Official Injury Claim Limited Board).
- Support the performance of audits of the MIB’s information security framework against the requirements of ISO27001:2022.
- Produce confidential Executive Management reports as directed by the Audit and Compliance Manager.
- Represent the Audit team at external stakeholder meetings.
Qualifications and Education Skills and Knowledge
- Proven experience of working within an audit environment and performing audit work in line with professional audit practice.
- Possess knowledge and skills to audit across the boundaries between business processes and IT applications.
- Self-motivated and able to work independently, displaying a high level of credibility and responsibility.
- Excellent communication and interpersonal skills.
- Ability to identify business risk in all environments encountered.
- A high degree of dexterity and high level of concentration.
- Good forensic and analytical skills.
- Good knowledge of office-based software, including databases and spreadsheets.
- Excellent report writing and presentation skills.
- Operate with integrity, honesty and fairness.
Salary
£45,000 per annum, 35 hours per week (Monday - Friday), IT kit supplied to you, £320 (before tax) start up allowance, Hybrid working (2 days in the office per week) from our Milton Keynes office, MK14.
Other Benefits include:
- Contributory Group Stakeholder Personal pension scheme.
- Life Assurance.
- Employee Incentive Scheme.
- 25 days holiday (plus public holidays).
- Holiday purchase scheme.
- Sports and Social Club.
- 24/7 Employee Assistance Programme.
- Free access to online tools to support mental and physical health.
- Enhanced maternity, paternity and adoption leave.
- 1 volunteer day each year and charity matched funding scheme.
We believe in a workplace where everyone can be themselves. Through our different ideas, personalities and experiences, we redefine what is possible every day. And regardless of your colour, age, race, gender, sexual orientation or anything else you consider yourself to be, there is a place for you at MIB. A place where you can bring your best self to work every day. So, if you think big, love a challenge and want to make a difference to people’s lives, we want to hear from you.
Compliance Auditor employer: Motor Insurers’ Bureau
Contact Detail:
Motor Insurers’ Bureau Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Auditor
✨Tip Number 1
Familiarise yourself with the regulatory framework that governs the MIB and its Client Companies. Understanding the specific compliance requirements will not only help you in the interview but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the audit and compliance field, especially those who have experience with insurance or legal firms. Engaging with these individuals can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss real-life scenarios where you've identified compliance issues and how you addressed them. This will showcase your analytical skills and ability to negotiate corrective actions effectively.
✨Tip Number 4
Stay updated on current trends and challenges in the insurance industry, particularly regarding uninsured driving. Being knowledgeable about these issues will help you stand out as a candidate who is genuinely interested in making a difference.
We think you need these skills to ace Compliance Auditor
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Compliance Auditor position. Familiarise yourself with MIB's mission and how this role contributes to their goals.
Tailor Your CV: Customise your CV to highlight relevant experience in audit environments, compliance, and report writing. Emphasise skills that align with the job description, such as analytical skills and knowledge of regulatory frameworks.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for making roads safer and your understanding of the issues surrounding uninsured driving. Mention specific experiences that demonstrate your ability to perform audits and communicate effectively with stakeholders.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an auditing role.
How to prepare for a job interview at Motor Insurers’ Bureau
✨Understand the Organisation's Mission
Before your interview, make sure you understand MIB's mission to combat uninsured driving. Familiarise yourself with their work and how it impacts victims. This will show your passion for the role and align your values with theirs.
✨Prepare for Technical Questions
Given the nature of the Compliance Auditor role, be ready to discuss your experience in audit environments. Brush up on your knowledge of compliance frameworks and be prepared to explain how you've identified and addressed control weaknesses in past roles.
✨Demonstrate Strong Communication Skills
As a Compliance Auditor, you'll need excellent communication skills. Prepare examples of how you've effectively communicated audit findings and recommendations to stakeholders. Highlight your ability to negotiate corrective actions and timelines.
✨Showcase Your Analytical Skills
Be ready to discuss your forensic and analytical skills. Prepare to share specific instances where you've identified business risks or deficiencies during audits. This will demonstrate your capability to assess complex situations and provide actionable insights.