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Actuary / Senior Audit Manager (Risk Management)

Date Posted
30th January 2015
General Insurance, Pensions, Risk Management
Job Type
South East
Excellent benefits and bomus
£75,000 to £100,000 Per Annum

Job Description Apply: Actuary / Senior Audit Manager (Risk Management)


Supporting the Head of Audit covering Prudential Risk, Retirement and Group Functions by designing, driving and delivering a portfolio of high quality risk-based audit services across the Group.  Assist in the management of key Group Internal Audit (GIA) stakeholders by providing independent opinion and assurance on the strength of the control framework and the effectiveness of financial risk management and modelling.

· Executes a dynamic, quarterly, risk-based audit plan ensuring the plan focuses audit activity on key areas of most significant financial risk. Monitors and anticipates regulatory and business change, assesses the potential impact and instigates exceptional audits as required. Provides an appropriate level of assurance, that the most significant financial risks to the business are being well managed.

· Manages the workload of assigned audit resources, monitors the quality of audit files and ensures all audit work complies with GIA’s audit methodology and standards. Delivers audits on time and to agreed budgets, presents to executive management and agrees commercially viable audit recommendations and business actions to address areas of financial risk management and modelling and failures in the control framework.

· Influences executive stakeholders to embed financial risk management practices, thereby enhancing internal control practices and improving the overall strength of their control framework through the delivery of high quality audit reports and focused audit opinions.

· Uses influencing, negotiating and diplomacy skills to manage key internal and external stakeholders relationship, works closely with business management to ensure business plans and initiatives are incorporated within GIA’s risk assessment and audit plans.

· Keeps abreast of and anticipates significant external and internal regulatory and business changes, assessing their potential impact and developing strategies for audit activity in these areas.

· Analyses audit opinions and conclusions providing input to GIA commentary to the Group Audit Committee, relevant business division Boards and Risk & Compliance Committees, on significant areas of concern and the remedial actions required to mitigate financial risk to the Group.

· Ensures that the principles of the financial risk aspects in the Solvency II directive and other relevant local regulatory requirements are embedded into financial risk management and modelling practices, so that identified risks recognise relevant regulatory and prudential outcomes, and business processes and internal controls are structured and performed in a way that effectively delivers the required outcomes.

This role requires a high calibre individual, experienced in managing at a senior level, with considerable experience in business and people management and with proven abilities in taking responsibility for executing high quality deliverables within strict timetables as follows:

· Qualified/Part Qualified Actuary or equivalent actuarial experience

· Demonstrable knowledge of Prudential Regulatory Risk, Corporate Governance practices and frameworks

· Demonstrable understanding of risk management principles and practices

· Audit or business review experience required

· Comprehensive knowledge of life and pensions insurance products throughout their lifecycle

· Previous experience in a business role within the insurance industry is an advantage

· Directing and delivering a programme of reviews, leading technical or complex reviews and providing overall quality control

· Strong leadership skills, effective negotiator, articulate and effective communicator, both orally and in writing.

· Energetic and enthusiastic with a strong work ethic.

· Ability to offer purposeful, constructive scrutiny and challenge through sound, independent judgement and common sense.

· Resilient, handles adverse responses or criticisms positively and constructively.

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