Senior Internal Auditor

The role

To assist 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.

Our Aspen Values are expected to be reflected in the delivery and performance of every role.

Key accountabilities

Participate in annual IA planning process, by providing input at direction of Audit Management.

Develop awareness of how a risk focused audit plan is collated.

Support Audit Management to develop and maintain methodology, policies, and procedures, including identifying improvements with Audit Management.

Maintain awareness of and comply with relevant regulatory requirements, practice guidance and internal policies (to include NAIC, SEC requirements and CIIA guidelines).

Maintain up-to-date technical and subject knowledge of the insurance industry.

Participate in quality assurance review process including leading individual reviews with oversight from management. 

Maintain clear independence from management.

Act with integrity, due skill, care, and diligence.

Be open and co-operative with FCA, PRA and other regulators.

Pay due regards to interests of customers and treat them fairly.

Observe proper standards of market conduct.

Ensure company, market and client related documentation is issued (internally and externally) accurately and on time. 

Liaise with key business groups to establish, support, and maintain solid business relationships and organisational effectiveness.

Prepare (or participate as requested) audit and other committee papers.

Assist Audit Managers and Head of Internal Audit on the fulfilment of the annual audit plan.

Working either independently or in a team to execute high quality, commercially focused, timely audits.

Perform audit engagements including scoping, planning and execution of assigned audits in line with audit methodology, standards, and required timelines.

Interpreting audit results and produce draft audit reports for review by Audit Management.

Own or assist with timely follow up of Internal Audit findings, and escalation to IA management.

Participate and undertake applicable professional, technical and career development training (internally and externally) to include attainment of associated qualifications where required.

Comply with external and internal regulatory and statutory policies, procedures, and regulations.

Manage resources assigned on individual audit engagements.

Provide timely constructive feedback to teammates.

Develops detailed knowledge of procedures and processes.

Act as a point of reference to guide and advise others sharing of knowledge and best practice.

Skills & experience

•  Strong knowledge of control framework (e.g., COSO)
•  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 Internal Auditing of the Chartered Institute of Internal Auditors.
• Understanding of general risks and controls regarding core business systems/applications (preferred)
• Understanding of the principles and application of good corporate governance, business and operational risk and control processes and procedures.
• Good knowledge of the principles of computer technology, systems analysis, and data analytics
• Able to gain the confidence and respect of management and staff through attributes such as professionalism and positive attitude.
• Able to communicate clearly and effectively, both orally and in writing.
• Able to gather, analyze, and evaluate facts, and prepare and present concise oral and written reports.
• Able to establish and maintain effective working relationships throughout the organization
• Adaptable to change in a fluid commercial environment
• Self-confidence/maturity, demonstrates commercial acumen
• Able to manage conflicting priorities to achieve deadlines and plan effectively and efficiently
• Specific professional qualifications at the level of degree or equivalent
• Qualified within own personal discipline, with extensive post-qualification work experience (5+ years in internal/external audits, with Big 4 experience preferred) to include: evidence of understanding Sarbanes-Oxley framework (preferred), working as part of a team within a complex organization (preferably within financial services or Insurance/Reinsurance industry), professional audit, accounting qualification and experience of project / change management audit (preferred)