Principal Internal Auditor
Location: London
Contract Type: Permanent
Work Pattern: Full Time and Hybrid (2 days in the office)
Please note, the closing date for this role is Friday 22nd November 2024. Only candidates with recent Audit experience within insurance will be considered.

About The Role

• Your main responsibility will be to support the Internal Audit (IA) leadership team in delivering high-quality, risk-based audit services.
• The types of assurance services you will be involved with will vary, and can include normal audits, specific assurance procedures, project real-time-assurance, continuous monitoring using data analytics, investigations, and consultancy. You may also be involved with the JSOX and ISAE 3000 assurance programmes
• You must maintain excellent stakeholder relationships, both within the IA team and the business
• You must proactively contribute to our innovation agenda, both in terms of how we do things, and the services we provide to our customers
• You must also proactively drive your learning journey, both technical and soft skills, with the full support of the IA leadership team and your line manager
• Last, but not least, we have a collective responsibility to ensure the ‘well-being’ of our team members, and to maintain a positive, high-performance culture within our team

MSIGCS is part of a global top -10 insurance group, MS&AD. We comprise four distinct businesses covering global reinsurance, Lloyd’s franchise, local specialty insurer, and business services.
MSIGCS provide internal audit services to different group companies, including MS AUL, MS Re, MS AISE, MS AIML, MS ABS (ACS), MSIG UK, MS AHL, and MSIGCS itself. The team comprises circa 18 – 20 members at any given time. The CIA is supported by an Executive Assistant and 3 Heads of Internal Audit (one based in Belgium), who in turn are supported by 1 senior manager and 3 managers. There is a shared resource pool comprising Principal Auditors and Auditor Seniors. When necessary, we appoint 3rd party subject matter experts to support our team on assurance engagements.

What You’ll Spend Your Time Doing

• You will comply with our code of conduct as set out in the IA Charter
• You will contribute to our innovation initiatives
• You will coach more junior members of the IA team to help them develop
• You will play a key role in maintaining our positive, high-performance culture, and helping to ensure the ‘well-being’ of all our team members. This is a collective responsibility. This means that, from time to time, you will be helping other team members who may be struggling, and vice versa
• You will lead, as well as support different assurance engagements across a range of business areas across different companies within our group
• You will have the opportunity to manage a full engagement from beginning to end under the direct supervision of the IA leadership team
• You will communicate openly and regularly with the IA team and business stakeholders throughout the audit process as required, including contributing to, or leading key meetings
• You will be responsible for drafting audit issues and initial audit reports to highlight areas of risk, failures, and inefficiencies and working with the business owners to develop corrective action plans
• You will take ownership of validating the closure of audit actions completed by the business relevant to those engagements you were involved with

You’re Going To Enjoy This Job If You…

• Are naturally curious and skeptical, and comfortable with challenging assumptions
• Are a critical thinker and enjoy analysing information
• Enjoy building and sustaining relationships with business stakeholders
• Are passionate about making an impact and adding value to the business
• Are comfortable working in a high change environment and enjoy trying new approaches

What We Need From You

• To be technically competent, with an extensive understanding of, and experience within the (re)insurance industry, with investments experience if possible.
• To have experience implementing good market practice within Internal Audit, including new assurance techniques, data analytics skills and thought leadership
• To hold an Insurance, Accountancy, Risk, Internal Audit or other related professional qualification
• To be willing to learn, and to share what you have learned with other team members
• To be confident, but that means also being confident to ask questions when you do not have the answer

We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!

What Can You Expect From Us?

• Competitive Base Salary
• Performance Related Discretionary Bonus
• Holiday: 28 days core annual leave, and you can buy up to 5 days
• Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
• Private Medical: cover for yourself. Family members/dependants can be added
• Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits
• Life Assurance: 5x annualised base salary

Each one of us is unique because of our backgrounds, what we have learned so far and how we express that. Establishing an inclusive attitude helps us, organisationally, to ‘think outside the box’ because it calls on that diverse range of ideas, perspectives and lived experiences.
We commit to continuing our work towards a more diverse and inclusive future by recognising that our business, our teams and every colleague has a part to play in driving the positive change we all want to see.
Our values demonstrate our commitment to providing an environment in which each and every colleague is respected for who they are and what they can contribute to the business, regardless of nationality, race, ethnicity, religion/faith, sexual orientation, gender identity, gender expression, disability, socio-economic background, sex or age.

LI-Hybrid

About The Role

• Your main responsibility will be to support the Internal Audit (IA) leadership team in delivering high-quality, risk-based audit services.
• The types of assurance services you will be involved with will vary, and can include normal audits, specific assurance procedures, project real-time-assurance, continuous monitoring using data analytics, investigations, and consultancy. You may also be involved with the JSOX and ISAE 3000 assurance programmes
• You must maintain excellent stakeholder relationships, both within the IA team and the business
• You must proactively contribute to our innovation agenda, both in terms of how we do things, and the services we provide to our customers
• You must also proactively drive your learning journey, both technical and soft skills, with the full support of the IA leadership team and your line manager
• Last, but not least, we have a collective responsibility to ensure the ‘well-being’ of our team members, and to maintain a positive, high-performance culture within our tea

What You’ll Spend Your Time Doing

• You will comply with our code of conduct as set out in the IA Charter
• You will contribute to our innovation initiatives
• You will coach more junior members of the IA team to help them develop
• You will play a key role in maintaining our positive, high-performance culture, and helping to ensure the ‘well-being’ of all our team members. This is a collective responsibility. This means that, from time to time, you will be helping other team members who may be struggling, and vice versa
• You will lead, as well as support different assurance engagements across a range of business areas across different companies within our group
• You will have the opportunity to manage a full engagement from beginning to end under the direct supervision of the IA leadership team
• You will communicate openly and regularly with the IA team and business stakeholders throughout the audit process as required, including contributing to, or leading key meetings
• You will be responsible for drafting audit issues and initial audit reports to highlight areas of risk, failures, and inefficiencies and working with the business owners to develop corrective action plans
• You will take ownership of validating the closure of audit actions completed by the business relevant to those engagements you were involved wit