Senior Internal Auditor

Pension Insurance Corporation plc.; Greater London; On-site; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Private medical insurance

Generous pension scheme

28 days annual leave

Job summary

Pension Insurance Corporation (PIC) is seeking an Internal Audit Manager to collaborate with business stakeholders, delivering audits, reports and assurance. You will develop scopes, execute test plans, and present outcomes to management.

The role emphasises integrity, due diligence, and no-surprises audit approaches, with development opportunities in data analysis and leadership. The position requires building trusted relationships across functions, driving improvements to controls and

Qualifications

• General technical knowledge of risks and controls.
• Experience with internal audit methodologies and reports.
• Familiarity with FCA and PRA expectations.
• Understanding of business processes and risks.
• Willingness to pursue formal qualification.

Responsibilities

• Support delivery of internal audits from scope to reports.
• Deliver defined projects and measure outcomes.
• Provide regular issue assurance and track actions.
• Draft audit status and assurance reports for Management and Board.

Skills

Organisational skills

Communication skills

Persuasion / influence

Deadline management

MS Office

Teamwork

Education

Professional qualification in progress

Tools

MS Office

Job description

Overview

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.

• 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

Specific accountabilities assigned to the role of Internal Audit Manager within the Internal Audit Function

• 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.
• 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.

Knowledge

• General technical knowledge of risks and controls
• Working knowledge of internal audit methodologies, IIA Standards and audit reporting practices.
• Basic knowledge of regulatory requirements and expectations including FCA and PRA principles.
• Understanding of business processes, operational risks and organisational objectives.
• Familiar with supporting delivery of internal audits.

Skills

• Strong organisational skills & communication skills
• Ability to persuade and influence both directly and indirectly
• Ability to organise work to meet deadlines
• Ability to work within defined procedures as recommended by functional teams
• Ability to work effectively as part of a team.
• Commercial judgement
• Good working knowledge of MS Office Suite.

Experience

• Willingness to learn and understand the business and Internal Audit.
• Capable and willing to work towards achieving a recognised professional qualification
• Experience working in a corporate or consulting environment, the majority in insurance would be beneficial
• Experience engaging with stakeholders across different business functions and levels of seniority.

DEI at PIC

At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we’re proud of our progress, we recognise there’s work ahead, and we remain dedicated to listening, learning and evolving together.

In addition to a competitive base salary and the opportunity to participate in our annual, performance‑related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.