Role Profile

Job Title:Internal Audit Manager

Business Unit:ERS
Location:Swansea
Grade: 3
Reporting To: Head of Internal Audit
Responsible For: Internal Audit
Main Purpose:
To support the Head of Internal Audit in the delivery of audit assignments across ERS (using a Risk Based Internal Audit (RBIA) approach). The role will focus on the independent evaluation and appraisal of the internal controls over the key business processes. In addition influence to create a culture of risk awarenessand manage controls across the business. Primarily based in Swansea, audits will be performed across all ERS sites.
Contacts:
Working relationships with management and staff in other departments/sections across the ERSbusinesses and contacts with external bodies such as the FCA, PRA,Lloyd’s and external auditors.
Key Duties, Responsibilities and Accountabilities:
General Audit Responsibilities:
Manage stakeholders effectively at all levels (team and client)
Clear ownership of audit assignments with minimal inputs from HOIA
Perform risk based audit assignments (including group themed reviews)
Gain understanding of control processes which are in place
Carry out sufficient testing, including detailed analysis/evaluation where appropriate, to ensure control processes are effective
Develop recommendations that are practical and effective within reasonable cost/benefit criteria to strengthen the control environment
Prepare audit reports of work done with findings and recommendations
Follow up on the status of implementation of agreed recommendations
Use IT tools to automate and improve the efficiencies of the audit process
Assist in the development of the internal audit department to meet the needs of the rapidly growing organisation.
Where necessary, work with business areas to provide innovative solutions that add business value, protect corporate assets and contribute to the Group’s profitability
Raise the profile of the audit function
Skills and experience
Strong Internal Audit experience(from insurance, preferably Lloyd’s motor)
 Educated to degree level (or equivalent)
 Qualified Accountant (IIA, ACA, ACCA or CIMA) with post qualification experience
A team player
Good communicator
Capable of independent thought
Planning and organisation skills
Able to deliver to tight deadlines
Able to manage multiple and / complex audits
Able to be entrusted with confidential data
Ability to clearly document work and summarise observations
Good and practised in writing reports for use by senior management
Technically sound with a good understanding of control concepts.
The work involved will not be limited to financial reviews and is primarily operationally focused.

In addition to the above responsibilities, the jobholder is required to perform other reasonable duties as assigned by

the supervisor/line manager from time to time.

Post Holder’s Signature: / Print Name: / Date:

Audit Manager Role Profile