Job Description: Internal Audit Manager

We are seeking a collaborative and commercially minded Internal Audit professional who can partner effectively with business stakeholders to drive continuous improvement across systems, processes, and technology.

About the Role

The role requires the ability to effectively collaborate with your business area of responsibility to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate.

To apply knowledge and insights concerning the Internal Audit function and how this impacts our policyholders.

To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes to our Board Committees on a consistent basis.

Our Company values are expected to be reflected in the delivery and performance of every role.

Conduct Rules

• You must act with integrity
• You must act with due skill, care and diligence
• You must be open and cooperative with the FCA, the PRA and other regulators.
• You must pay due regard to the interests of customers and treat them fairly.
• You must observe proper standards of market conduct
• You must act to deliver good outcomes for retail customers

PIC operates within the financial services industry and, therefore, is regulated by the FCA (Financial Conduct Authority) and the PRA (Prudential Regulation Authority). It is a requirement for all PIC employees to demonstrate a good understanding of the regulatory framework and how it applies to the Company.

Specific Accountabilities

• Support delivery of internal audits, including developing the internal audit scope, carrying out test plan, drafting audit reports, and documenting sufficient workpapers to meet PIC Internal Audit (PIC IA) standards. Some reviews will be undertaken individually, and some will be delivered alongside one or more internal audit team members.
• Work on specific defined projects and initiatives (in Internal Audit or in the business), agreeing scope and objectives, undertaking work, producing reports, presenting reports and measuring outcomes.
• Carry out regular issue assurance to ensure adequate closure of actions.
• Implementing good practice and standards of internal audit reporting and making recommendations for improvement, helping design new templates and contributing to the development of the PIC IA manual.
• Draft Internal Audit status update reports and Integrated Assurance reports to Management and Board committees.
• Support the production of the annual written assessment of the adequacy and effectiveness of PIC's risk management, internal control and governance processes and systems.
• Work in cooperation and in consultation with defined areas of the business, to deliver a "no surprises" audit approach.
• Develop a partnership and trust relationship with the business at an operational level, working with the business to propose relevant and proportionate actions to address issues identified.
• Work on specific defined projects and initiatives (in Internal Audit or in the business), agreeing scope and objectives, undertaking work, producing reports, presenting reports and measuring outcomes. This will be as part of developing broader experience and capability across PIC.
• Takes ownership for their own learning and development in both technical (e.g. data analysis and critical judgement) and non-technical (self-insight and relationship management) skills of Internal Audit.
• Keeps informed of industry trends, market developments, regulatory changes in the public and private sectors, as well as best practices related to Internal Audit by attending industry seminars, reading and sharing relevant published articles.