Senior Internal Audit Manager
Salary: From £72599-£90749
Summary of the role
The objective of Diligenta Internal Audit is to provide independent and objective assurance over the effectiveness of Diligenta's internal controls, risk management and governance.
This role is responsible for providing an Internal Audit Professional Practices 'Centre of Excellence' within the Diligenta Internal Audit team, with overall responsibility for maintaining the Internal Audit Methodology, ensuring our processes meet best practice expectations in line with the Global IIA Standards and applicable industry best practice, overseeing the delivery of key strategic Internal Audit initiatives to embed quality and drive efficiency.
Additionally, the role is responsible for providing objective, compelling and timely opinions on the effectiveness of the control framework and risk management across Diligenta's business activities agenda, including the management of regulatory and people risks, and supporting the Head of Internal Audit in the effective management of the Diligenta Internal Audit function.
This role can be based in Bristol, Edinburgh or Peterborough.
Please note, as this is a people leadership role the successful applicant will be supported to succeed in their new role through enrolment in the appropriate level of our Diligenta Leadership 'Step' Pathway (subject to eligibility criteria), designed to drive quality and consistency across the organisation.
What you will be doing
- The internal audit methodology and professional working practices are enhanced through positive contribution and experience of IIA Global Standards and industry best practice;
- An effective and proactive member of the Internal Audit leadership team, helping set the direction of the function through the development and delivery of key strategic internal audit initiatives, including agile auditing, data analytics and developing the use of AI, and professional working practices;
- An effective and appropriate risk-based Risk, Finance and Commercial internal audit plan is created, with clear linkage via the audit universe to demonstrate coverage. The risk-based annual internal audit plan is derived on time and to professional quality;
- The annual internal audit plan for the portfolio is completed on time, to professional quality and to budget;
- Audit activity includes appropriate outcomes-based assessment to support an independent view of Diligenta's delivery of its Consumer Duty obligations;
- Where control gaps and weaknesses are identified these are brought to senior management's attention such that management are motivated to address them with timely and effective solutions;
- The team aligned to the portfolio are led and developed with an ethos of high performance and a strong personal development culture. Skills and knowledge gaps are addressed;
- Across the team, sound knowledge is developed of the business and its organisational/regulatory environment is demonstrated and broad knowledge is developed of the wider Diligenta organisation and its regulatory, internal and external environments;
- Formal/informal communication networks are in place and effective working relationships with key internal and external stakeholders are established and continuously developed, being an effective ambassador for the function, promoting a positive image of Internal Audit within Diligenta and with clients. Solid working
relationship with other Audit management; - Through appropriate advisory work as agreed with the Head of Internal Audit, Diligenta's arrangements for corporate governance, risk management and internal control are enhanced;
- The Senior Internal Audit Manager is an effective deputy for the Head of Internal Audit where required.
What we are looking for
- Proven experience of delivering internal audit methodologies and processes in line with IIA Global Standards, to embed quality and drive efficiencies
- Exposure to Senior Management and Governance Committees
- Internal Audit management-level qualification or other relevant equivalent professional qualification
- Strong knowledge of UK best practice in relation to corporate governance, risk management and internal control in line with IIA Global Standards and industry best practice
- Strong understanding of FCA-regulated environment, including awareness of FCA requirements and regulations relating to UK life and pensions business
- Ability to demonstrate critical and strategic thinking
- Strong stakeholder relationship management with the ability to influence
- Ability to balance the commercial agenda of the business with sound governance and risk management
- Resilient and able to balance personal delivery with operational team objectives and activities