AVP, Internal Audit

Chubb Ltd.

Greater London

On-site

GBP 110,000 - 160,000

Full time

14 days+

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Benefits offered by this job

Hybrid working options

Private Medical cover

Employee Share Purchase Plan

Life Assurance

Gym membership

Learning & development offerings

Job summary

Chubb Ltd. in London seeks an AVP, Internal Audit to direct high-quality audit coverage across financial, operational and regulatory risk. Lead multiple engagements, supervise staff and shape the audit strategy and risk universe.

The role requires 10+ years in internal audit with 3+ years in management, strong communication, and collaboration with first/second lines. Travel up to 10% is expected in a hybrid UK work environment.

Qualifications

Bachelor's degree or equivalent.
Professional qualification: ACA, ACCA, CIA, CIMA, CPA or equivalent.
Minimum 10 years of relevant experience including 3 years in a managerial role.
Experience within internal audit, or risk and compliance in the insurance industry; or internal audit with an insurance-focused professional services firm.
Proven ability to manage multiple audit engagements end-to-end (planning, fieldwork, reporting and follow-up).
Strong risk-based audit methodologies knowledge, risk assessment, internal controls and IIA Standards.
Knowledge of Solvency II, Lloyd's, PRA/FCA or relevant regulators in insurance.
Experience coordinating with first and second line controls.
Excellent report writing and communication to senior audiences.
Experience leading, coaching and developing audit staff.
Familiarity with AI tools and data analytics in audit processes.
Experience with audit management/workflow systems.
Exposure to continuous auditing and monitoring methodologies.
Willingness to travel up to 10%.

Responsibilities

Plan, allocate resources, oversee and deliver audit projects in line with Internal Audit methodology.
Conduct and report on advisory reviews and fraud investigations.
Manage stakeholder relationships with business management, senior leadership, regulators and external auditors.
Support annual risk assessment and maintenance of the audit universe.
Support preparation of regional audit plan and strategy; track progress against resources.
Prepare periodic reports on audit plan status for governance committees.
Promote AI, data analytics, continuous auditing and automation in audits.
Coordinate with first and second line functions.
Provide advisory support on risk, controls and regulatory matters.
Participate in global IA continuous improvement initiatives.
Stay informed of regulatory developments and organizational goals.
Supervise, coach and manage audit staff.

Skills

Leadership

Stakeholder management

Audit planning

Internal audit

Risk assessment

IIA Standards

Report writing

Coaching

AI tools

Data analytics

Audit systems

Continuous auditing

Insurance knowledge

Education

Bachelor's degree or equivalent

Professional qualification: ACA, ACCA, CIA, CIMA, CPA or equivalent

Job description

The AVP (Assistant Vice President), Internal Audit, plays a key role in directing and delivering high-quality internal audit coverage across key financial, operational and compliance risk exposures across the business in accordance with the audit plan and consistent with the Internal Audit Charter. The role combines technical audit expertise with strong leadership, business partnering and stakeholder management capabilities. The AVP manages multiple audit engagements from planning through to reporting, supervises a team of audit professionals, supports the development of the audit strategy and risk universe, and builds credible relationships with business management to provide independent, objective insight.

Key Responsibilities

Plan, allocate resources, oversee and deliver audit projects in line with Internal Audit methodology, ensuring timely completion of projects within budget, high-quality outcomes and actionable recommendations.

Conduct and report on special assignments such as management requests for advisory reviews and fraud investigations.

Manage stakeholder relationships, including business management, senior leadership, regulators, and external auditors, through clear and timely communication and high quality deliverables.

Support the annual risk assessment and maintenance of the audit universe for the allocated entities/processes to reflect changes in risk levels and strategic direction of the Company.

Support preparation of the regional audit plan and audit strategy. Track progress of the audit plan against available resources to ensure timely completion.

Prepare periodic reports on audit plan status, including open issues and resourcing, and present results of Internal Audit activities and investigations for governance and audit committees.

Promote application and use of AI, data analytics, continuous auditing/monitoring, process automation, to increase audit coverage and optimize audit efficiencies.

Coordinate and partner with first and second line functions (compliance, risk management, underwriting QA, claims QA, financial compliance).

Provide advisory support to management on risk, control and regulatory matters as required.

Actively participate in global IA continuous improvement initiatives.

Keep informed of regulatory and market developments impacting regional business, and stay current on organisational goals and objectives.

Supervise, coach and manage audit staff to support strong performance, productivity, capability development and timely delivery of audit projects.

Qualifications

Qualifications & Experience

Bachelor's degree or equivalent.

Professional qualification: ACA, ACCA, CIA, CIMA, CPA or equivalent.

Minimum 10 years of relevant experience inclusive of 3 years of managerial experience.

Experience within internal audit, or a combination of internal audit, risk and compliance experience within the insurance industry; or internal audit experience with a professional services firm as an insurance specialist.

Proven track record of managing multiple audit engagements end-to-end, including planning, fieldwork, reporting and follow-up.

Strong understanding of risk-based audit methodologies, risk assessment and internal controls, and the IIA Standards.

Demonstrable knowledge of the insurance industry, including underwriting, claims, finance, compliance and applicable regulatory frameworks (e.g., Solvency II, Lloyd's, PRA/FCA or relevant local regulators).

Experience of coordinating with first and second line functions.

Strong report writing skills, with the ability to communicate complex findings clearly and concisely to senior audiences.

Demonstrated experience in leading, coaching and developing audit staff.

Experience with AI tools and platforms and their usage within the audit process.

Experience with data analytics tools and audit management/workflow systems.

Exposure to continuous auditing and continuous monitoring methodologies.

Willingness to travel up to 10%.

We offer in return!

Competitive salary & pension scheme, discretionary bonus scheme, 25 days annual leave plus ability to purchase additional days, hybrid working options, Private Medical cover, Employee Share Purchase Plan, Life Assurance, Subsidised gym membership, Comprehensive Learning & development offerings, Employee Assistance program.

Integrity. client focus. respect. excellence. teamwork

Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.

Diversity & Inclusion. At Chubb, we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

We are committed to ensuring our recruitment process is inclusive and accessible to all. If you have a disability or long-term condition (for example dyslexia, anxiety, autism, a mobility condition or hearing loss) and need us to make any reasonable adjustments, changes or do anything differently during the recruitment process, please let us know.

Job Info