Head of Internal Audit

Head of Internal Audit (SMF5) - Insurance - Remote/hybrid - Excellent company and benefits

PURPOSE OF THE POSITION

To manage the company’s internal audit strategy, and to examine, evaluate and report on the company’s internal controls, both financial and non-financial control systems, to provide the Executive Board, the Audit Committee and the Governance and Risk Committee timely information regarding the adequacy, reliability and effectiveness of such controls

To manage risk in the company by ensuring that the company audit framework meets regulatory obligations and that all relevant audit requirements are complied with

To reinforce TCF and the company brand by ensuring that all audit practices adhere to the company’s core values and behaviours

KEY RESPONSIBILITIES

Senior Manager Responsibilities Your role requires regulatory approval for you to carry out at least one Senior Manager Function (SMF). You must be 'fit & proper’ to carry out a SMF at all times and you may be required to demonstrate you have effectively carried out the responsibilities set out in a Statement of Responsibility.

. To produce and develop a suitably risk based internal audit plan and obtain agreement from Executive Board, the Audit Committee and the Governance and Risk Committee

· To develop and agree an audit timetable with Executive Board, the Audit Committee and the Governance and Risk Committee

· To plan, manage and carry out an effective and efficient internal audit process for the company

· To review and appraise the effectiveness of internal control mechanisms contained in existing and proposed systems and procedures, and give advice in accordance with best practice and professional standards

· To conduct internal audits in line with the agreed timetable and in a professional manner

· To produce internal audit reports and make presentations of findings to Senior Management, the Audit Committee and the Governance and Risk Committee

· To attend and present at the Audit Committee and Governance and Risk Committee meetings as required.

· To give advice on ways to improve systems and procedures in accordance to best practice and professional standards to staff at all levels within the company

· To discuss queries and issues arising from audits with departmental heads and provide advice on to be action taken.

· To provide an excellent level of customer service both in the company and to external contacts

· To keep own knowledge of best practice and professional standards up-to-date

People Management

· Review mix of knowledge, skills and other competencies needed to perform the planned Internal Audits and delegate tasks appropriately.

· Plan and coordinate work within the team, setting priorities, monitoring progress and reviewing quality.

· Identify and provide support, coaching, training and development where required, including the setting and measuring of appropriate objectives for Internal Audit staff

· Formally assess performance by carrying out Performance Conversations for team members, as well as providing regular feedback

· Encourage initiative and create opportunities for development

EXPERIENCE AND QUALIFICATIONS

· At least 3 years’ experience in an internal audit function

· Relevant professional Internal Audit qualifications (e.g. PIIA, CMIIA)

· Maintains Continuous Professional Development

· Must have the right to work in the UK