Senior Internal Auditor

Pension Insurance Corporation plc; Greater London; On-site; GBP 75,000 - 110,000; Full time

Benefits offered by this job

Private medical insurance

Annual bonus

Pension plan

28 days leave

Job summary

Pension Insurance Corporation plc in the UK is seeking an Internal Audit Manager who will partner with business areas to improve systems, processes and technology while maintaining strong governance and regulatory alignment.

You will deliver audit reports, track action closures and contribute to the development of internal audit practices. A professional qualification path is supported and beneficial.

Qualifications

• Experience in internal audit methodologies and reporting against IIA standards.
• Ability to understand risks, controls and business processes across functions.
• Willingness to pursue a recognised professional qualification.

Responsibilities

• Develop internal audit scope, test plans and workpapers to PIC IA standards.
• Collaborate with business areas to secure buy‑in and implement improvements.
• Produce audit reports and management updates for boards and committees.
• Deliver regular assurance on action closure and governance processes.
• Support annual assessments of risk management and internal controls.

Skills

Influencing skills

Deadline management

Teamwork

MS Office

Commercial judgement

Stakeholder engagement

Education

Pursuing professional qualification

Tools

MS Office

Job description

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

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 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.
• 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.

Requirements

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:

• Ability to persuade and influence both directly and indirectly
• Being confident and comfortable in handling conflict situations
• 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.