Senior Internal Auditor - Hybrid Insurance Focus

RiverStone International is an established global non-life run-off insurance business specialist with more than 25 years of experience. Operating in the UK company and Lloyd’s of London markets, Bermuda, U.S., and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring over $17.7 billion of gross liabilities since 2010 and with around $6.4 billion of liabilities currently under management.

The role of Senior Internal Auditor will support the Audit Manager / Head of Group Internal Audit in meeting the objectives and purpose of the Internal Audit function, as set out in the Internal Audit Charter. With a specific focus on:

• Leading the end-to-end delivery of assigned audits from the annual internal audit plan (from planning through to reporting, and tracking progress made by management against agreed actions).
• Meeting relevant business stakeholders to discuss: the delivery of audits; broader business developments; the status of open audit findings.
• Adhering to appropriate internal audit procedures (in line with requirements from relevant professional standards).
• Working collaboratively with other team members to further develop the Internal Audit function.

Job responsibilities

• Plan, carry out and conclude internal audits (financial, operational and compliance) in accordance with the annual Internal Audit procedures.
• Completes and documents assigned work in line with expected standards (and takes responsibility for addressing review feedback).
• Contribute to the development of appropriate management recommendations (based on internal audit work performed).
• Assist with the quarterly risk assessment review process and monthly ExCo reporting (as required).
• Assist in drafting Internal Audit reports suitable for sharing with senior management and the Audit Committees.
• Assist with the review of the remedial actions taken by management (including assessment of adequacy of such actions in addressing earlier audit findings and recommendations).
• Provide support in respect to the management of other administrative responsibilities with regards to the internal audit function.
• Work collaboratively with other team members to further develop the Internal Audit function (regarding a continuous improvement mindset).
• Contribute to developing and maintaining a strong working relationship between the Internal Audit function and the business.
• Assist in the provision of coaching, support, and technical training to other team members.
• Improve own personal development (through recommended experiences and learning curricula).
• Manages own time in line with internal resource allocation.

Job requirements

• Newly qualified as an accounting or internal audit professional (e.g. ACA, ACCA, CIA).
• 5+ years’ experience working as an Internal Auditor in the insurance sector or financial services (experience in general insurance and/or the Lloyd’s market is preferable).
• Experience in supervisory role (providing hands‑on coaching and review to deliver high quality and efficient audit work).
• Interacting with a variety of business stakeholders.

Knowledge

• Firm knowledge of internal auditing procedures, the requirements of the IIA’s Standards for the Professional Practice of Internal Auditing, and the IA Financial Services Code.
• Clear understanding and application of the principles of good corporate governance, business and operational risk and control processes/procedures.
• A good working knowledge of general insurance and the Lloyd’s market (insurance run-off also desirable).
• Awareness of current and emerging risks on core areas of typical/potential IA focus. For example: conduct risk (Consumer Duty); information security and data protection.
• Experience of using innovative audit tools and techniques such as data analytics.

Skills

• Verbal and written communication.
• Analysis and problem‑solving.
• Professionally sceptical mindset.
• Ability to work independently.
• Documents work to a high standard (enabling another to re‑perform the work).
• Ability to build relationships (with individuals at all levels).
• Coaching and supervision of others.

Our benefits include:

• Private Medical and Dental cover – Comprehensive Private Medical and Dental Insurance schemes with Bupa Health and Wellness – including access to our Employee Assistance Programme, Headspace subscription, Mental Health First aiders at each site, up to five funded counselling sessions per year, annual health check‑up and eye test voucher.
• Wellbeing Allowance – Can be used towards either physical or mental health wellbeing activities.
• 25 days’ holiday per year – plus bank holidays and office closure on Christmas Eve. Holiday entitlement increases with length of service.
• Bonus scheme – dependent on achieving individual, department and company goals.
• Pension – a non‑contributory defined contribution pension scheme.
• Life Assurance – provides a lump sum 10 x your salary.
• Permanent Health Insurance Scheme – scheme pays benefits during a prolonged period of illness or disability lasting more than 26 weeks.
• Parental Leave – Enhanced Maternity, Paternity and Shared Parental Leave policy.
• Training and development – Company funding for professional qualifications that would be beneficial for your role.
• Volunteering and charity – triple matching donations made independently or via our Give As You Earn scheme, and two paid volunteering days per year to help give back to our local communities.
• Cycle To Work Scheme – a tax efficient way to purchase a bicycle.
• Interest Free Travel Loan – to assist with commuting costs.
• Travel Insurance – business and personal travel.
• Sports and Social – active sports and social committee that organizes subsidised events.

Our standard working hours are from 09.30 a.m. to 5.30 p.m. Full time employees are to be in the office for 3 days per week, with 2 days working from home.