Internal Auditor

About us

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.
We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

The role

To assist Internal Audit Management in ensuring that the Board and Executive Management protect the assets and reputation of Aspen Insurance Holdings Limited and all associated Aspen group companies (together referred to as “Aspen”); and to help management improve the effectiveness of risk management, control and governance processes in a maintainable manner. This is to be achieved by:
• Supporting Internal Audit Management providing an independent and objective assessment that all significant risks are identified and appropriately reported by management and the Risk function to the Board and Executive Management.
• Working with Internal Audit Management and Aspen management to assessing whether the significant risks are adequately controlled
• Support Internal Audit Management to challenge Executive Management to improve the effectiveness of governance, risk management and internal controls

Key accountabilities

Internal Audit delivery:
Engagement Planning: Assist in the scoping and planning of audits that have been assigned in line with the audit methodology, standards, and required timelines specifically:
• Assist in the scoping and planning of internal audit reviews with the support of the Team Lead / Audit Management
• Assist in the production of draft terms of reference and audit work programmes for Team Lead / Audit Management review, ensuring that key risks have been addressed by the testing approach and methodology
Execution: Working either independently or in a team to execute assigned audits specifically:
• Assist in the execution of audits, completing allocated work with limited instructions from Team Lead / Audit Management;
• Execute a wide variety of testing ensuring the work is competently and efficiently performed in compliance with Internal Audit’s methodology
• Set-up of audit files (i.e. TeamMate) to ensure it is in accordance with IA methodology and CIIA standards
Reporting and follow-up: Produce completed files and draft audit findings for review by the Team Lead / Audit Management, including:
• Exhibiting creativity in formulating logical recommendations based on understanding of the business.
• Determine significance of findings based on qualitative and quantitative factors
Team-work:
• To operate as an effective team member by contributing to the delivery and achievement of the overall team and business objectives
• Act as a role model and leader within the team.
Relationship Building:
• Develop and maintain relationships with business contacts to establish, support and maintain business relationships and organisational effectiveness.
Regulatory Responsibility:
• Maintain awareness of relevant regulatory requirements, practice guidance from the Institute of Internal Auditors (IIA) and other internal policies
• Apply this knowledge during audit engagements
• Comply with external and internal regulatory and statutory policies, procedures and regulations
Additional Duties:
• To act in accordance with and be an advocate of the Aspen Values
• Participate and undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required
• Where applicable ensure company, market and client related documentation is issued (internally and externally) accurately and on time
• Comply with external and internal regulatory and statutory policies, procedures and regulations
• Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of the teams overall vision and objectives
• Liaise with key business groups to establish, support and maintain solid business relationships and organisational effectiveness
• To undertake any other duties of a similar nature that the company reasonably requests to be performed that are within the expertise and skills of the jobholder. These may be subject to periodic review and any updates and changes to be introduced after consultation with the person concerned

Skills & experience

• Degree (or equivalent)
• Knowledge / experience of control framework (eg COSO) and risk based auditing techniques (preferred)
• CPA or CIA (preferred)
• Internal / External Audit experience (Big 4 experience preferred).
• Knowledge / experience of Sarbanes-Oxley regulations and associated internal control frameworks (preferred)
• Knowledge of computer assisted audit techniques
• Knowledge of Robotics and Process Automation
• Solvency II and Internal model awareness / audit experience
• Experience of project / change management audit • Awareness of risks and controls relating to core business systems / platforms
• Understanding of the principles and application of good corporate governance, business and operational risk and control processes and procedures.
• Knowledge of audit procedures, including risk driven audit planning techniques and methods, design of testing approaches for controls and the requirements of the Standards for the Professional Practice of the Institute of Internal Auditors

Other

We are an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.