Internal Auditor

Canada Life Limited
Potters Bar, United Kingdom
18 Mar 2023
28 Mar 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.

Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.

Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.

Job Purpose
The primary role of the CLUK Internal Audit (IA) function is to assist the Board in discharging its governance responsibilities in monitoring and reviewing the effectiveness of systems of internal control, by providing independent reliable assurance that the organisation's governance, risk management and control processes are adequate, effective and sustainable.

The Internal Auditor serves as a member of the IA team, assisting IA Management to meet the strategic objectives of the function.

Key Accountabilities
1) Contribute to independent assurance engagement through contributing to the following activities, using data analytics and delivered in line with agreed timeframes and using an agile audit approach:
• Draft engagement-level risk assessment,
• Design work program,
• Execute work program, and
• Compile draft report for allocated internal audit engagements.
Note: The Internal Auditor will generally deliver audit engagements as part of a team and will lead smaller/less complex audit engagements.

2) To complete ICOFR (Internal Controls over Financial Reporting) effectiveness testing for allocated ICOFR processes
3) Provide Internal Audit management and the Chief Internal Auditor with support in respect of the management/administration of the function to meet the functional objectives.
4) Provide control and governance advice to the business in response to requests for Audit Advisory activity

Desired Knowledge / Experience / Skills
The following skills and/or experience are essential:
• Ability to work under pressure within a team and individually to take responsibility for ensuring deadlines are met.
• Ability to communicate at all levels with clarity and precision, both written and verbally. This role will include working within small teams and liaising with internal and external stakeholders.
• Applied knowledge and expertise in the use of risk-based audit methodologies, tools and techniques.
• Sound business and technical acumen, with the ability to navigate a complex organisation effectively.
• Excellent time management skills.

The following skills and/or experiences are an advantage:
• Relevant work experience in a Professional Services (accounting/consulting) firm or within a financial services company with demonstrated working knowledge of governance, risk management and internal controls.
• Applied knowledge and experience in the use of internal audit and control frameworks (e.g. COSO Internal Control -
IIA's International Professional Practices Framework).
• Applied knowledge and experience in the use data analytics.

• GCSE (or equivalent) English and Maths (essential).
• Bachelor's degree from accredited college or university (desirable).
• Qualified accountant / Chartered Internal Auditor or studying towards professional qualification (desirable).

What you'll like about working here
As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You'll also receive the support you need with your personal and professional development.

Diversity and inclusion
Canada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences

We appreciate that everyone has different work and life responsibilities. We're happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you
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