Railpen
Senior Internal Audit Manager
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Senior Internal Audit Manager
Internal Audit Manager
Location: Darlington (Hybrid) or Home-Based Contract: Permanent Ref: N/A
About the Role
Railpen, responsible for securing £34 billion in assets and administering several pension schemes (including the UK’s largest, the Railways Pension Scheme), is recruiting two Internal Audit Managers—senior roles offering high exposure, accountability, and influence across our business and governance structures.
This is an opportunity for experienced Internal Audit professionals who excel at delivering outcomes, exercising judgement, and providing independent, decision-useful insights in a complex environment. We’re particularly interested in candidates who embrace modern assurance—moving beyond siloed evaluations to deliver thematic insights, connected assurance, and proportionate, risk-focused work that shapes strategic decisions.
The Company: Railpen
- Safeguards the future of members through secure, sustainable, and affordable pensions
- Holds £34bn+ in assets
- Specialises in the administration of pension schemes, including the Railways Pension Scheme (one of the UK’s longest-established largest funded truesave schemes).
- Holistic mission: to serve members both now and to positively impact the communities they’ll retire into.
Explore our culture, values and purpose here (linked RLR profile or similar).
Key Responsibilities
As an Internal Audit Manager, reporting to the Chief Internal Auditor and working closely with the Head of Operations, you will:
- Own delivery of Internal Audit activity across assigned portfolios:
- Ensure timely, coordinated, and high-quality completion of engagements
- Prioritise work based on risk, proportionate assurance, and decision-making impact
- Transform audit findings into clear, credible, and actionable insights
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Provide authoritative challenge in governance:
- Engage with senior leaders, Trustees, and Board/Committee forums
- Offer independent insight and risk-driven challenge on governance, control, and strategy
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Drive thematic and interconnected assurance:
- Identify patterns, root causes, and cross-portfolio insights
- Strengthen organisation-wide understanding to support better decision-making
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Lead complex/sensitive engagements:
- Personally direct high-risk work requiring advanced judgement or technical expertise
- Balance demands for judgement with adherence to audit standards
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Sharpen the function’s capabilities:
- Evolve methodologies using delivery insights (quality reviews, stakeholder feedback)
- Explore emerging areas such as audit quality, tech/data transformation, or AI-driven assurance (complementary to core delivery focus)
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Build trusted stakeholder relationships:
- Maintain independence while offering constructive challenge
- Address ambiguity and facilitate work through interdisciplinary collaboration
Key Expected Traits
You will thrive if you:
- Have portfolio-level delivery experience in Internal Audit, with track record in translating work into outcomes
- Operate confidently in senior environments, including governance or Trustee committees
- Demonstrate strong risk-aware judgement, balancing pragmatism and principle
- Articulate complex findings clearly: turn audit work into evidence-based conclusions that resonate with decision-makers
- Demonstrate coaching skills—support team growth through feedback, encouragement without hierarchy
- Commit to continuous quality improvement, refining processes based on real-world lessons
- Bring a senior influence mindset: operate decisively in transparent accountability
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Your Career Benefits
- Competitive salary (linked to experience)
- 28 days’ annual leave + public holidays
- Generous bonus plan
- Defined Benefit Pension: a guaranteed pension for life under the schemes we administer (including potential eligibility in this role) (4x life assurance included)
- Health & wellbeing support:
- Private Medical Insurance
- Employee Assistance Programme
- Health Cash Plan
- Eye Care Vouchers
- Flu Vaccination Programmes
- Flexible perks:
- Hybrid working
- Flexible leave schemes: 12-months full-pay maternity leave and 6-months full-pay for parents
- Holiday buy/sell
- Caring responsibility leave
- Give As You Earn charity giving
- Paid volunteering days
- Flexible half-days
- Electric vehicle leasing
- Cycle-to-work scheme
Diversity & Inclusion
Railpen fosters an inclusive organisation celebrating diversity at all levels:
- Encourages talented people from varied backgrounds and life experiences
- Prioritises innovation, thought leadership, and skill-based growth—empowering bold ideas and reflection of experiences
- Development is central: skills are nurtured through interdisciplinary progression
Note: Apply via our careers portal by 9th July 2026 to join a team driven by purpose and progress.
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