Canada Life a leading Life Assurance Business are currently recruiting for an Internal Audit Manager to join us on a permanent basis.
Serves as a leader within the UK Internal Audit team and the global Internal Audit organisation. The Internal Audit Manager will assist the Chief Internal Auditor to meet the strategic objectives of the Internal Audit team to Provide Bold Insight for a Company that delivers on its Promises to Customers.
As the third line of defence, Internal Audit is responsible for performing an independent assurance and providing an opinion on the effectiveness of systems of governance, risk management and internal control and the design and operating effectiveness of the Risk Governance Framework.
- To support the CIA in the Risk Assessment, Audit Plan development process, and the strategic initiatives of the new global IA Operating model, including taking a leadership role in a global sector.
- To lead delivery of the Audit Plan for allocated areas through:
- Allocating IA staff to audit engagements,
- Reviewing audit engagements, ensuring delivery is to the required quality and efficiency standards as set by global IA methodology and local regulators,
- Managing relationships with Executive Directors,
- Attending relevant senior management meetings, and
- Proposing changes to Audit Plan to respond to changing business needs.
- To support the CIA in the preparation of Audit Committee and Executive Committee reports and deputise for CIA at Audit Committee meetings as necessary
- To discharge functional staff responsibilities for the UK based Internal Auditors in terms of recruitment, mentoring and performance reviews.
- To support the Chief Internal Auditor in the preparation of the annual ICOFR testing requirements
- To liaise/co-ordinate with Canada Life and LifeCo stakeholders, including but not limited to:
- IA IS resources based in Potters Bar,
- IA Actuarial resources based in Dublin,
- IA Irish Life team,
- Canada/US IA teams including specialist Actuarial, IS and Special Investigations Unit teams,
- Risk and Compliance functions,
- External auditors.
- To undertake ad-hoc investigations and due diligence exercises at the request of the CIA
- To represent the IA function at programme and project meetings
The following knowledge/skills/experience are essential:
- Applied knowledge of current best practice for corporate governance, risk management and regulation in the UK;
- Applied advanced knowledge and expertise in the use of risk-based audit methodologies, tools and techniques;
- Ability to work under pressure within a team and individually to take responsibility for ensuring deadlines are met.
- Ability to analyse complex business and technical situations, make informed decisions about appropriate corrective actions and convince others to act.
- Applied advanced knowledge and experience in using computer-assisted audit tools and techniques (e.g. Excel, ACL, Tableau) and internal audit management software.
- Ability to communicate persuasively at all levels with clarity and precision, both written and verbally;
- Experience of managing a team, including developing staff and reviewing the quality of work produced by team members;
- Strong interpersonal, communication and team skills; ability to work and communicate effectively with all levels of management and staff both in the UK and overseas;
- Professional and ethical approach.
The following knowledge/skills/experience are an advantage:
- Relevant work experience in a Big Four accounting firm or within a financial services company with demonstrated working knowledge of governance, risk management and internal controls.
- Applied advance knowledge and experience in the use of accounting concepts, COSO Internal Control – Integrated Framework (2013), The IIA’s International Professional Practices Framework (2017)
- Awareness and knowledge of COSO Enterprise Risk Management – Integrated Framework (2004) and Solvency II Systems of Governance.
- Applied advanced knowledge and experience of project assurance methodologies and practices.
- Knowledge of current best practice for corporate governance, risk management and regulation in Canada, USA and Ireland;
- Applied knowledge of life insurance industry, products and terminology;
- Experience of preparing Audit Plans and Risk Assessments.
- Professional accounting and/or audit qualification, e.g. ACA, ACCA, CIMA, CIA (essential);
- Bachelor’s degree from accredited college or university (essential);
- GCSE (or equivalent) English and Maths (essential)
About Canada Life:
Canada Life looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures.
There can be no greater priority than the commitment and responsibility towards all our customers. At Canada Life we adhere to the same principles as when we were formed in 1847: integrity, consistency and experience.
Our heritage is important to us. Our parent company, Great-West Lifeco, is a financially strong, stable, modern global organisation. The oldest Canadian life assurance company, Great-West Lifeco traces its foundation back to 1847 - that is more than 170 years of helping customers plan for the future.
Since 1903 we have operated in the United Kingdom where we have hundreds of respected and supported staff all geared to doing the right thing for customers.