Head of Audit - Finance

2 days left

Prudential UK & Europe
Edinburgh Technopole, UK
18 Aug 2019
17 Sep 2019
Contract Type
Full Time

Head of Audit (Finance)

Working with M&G Prudential as a Head of Audit for Finance means becoming part of a brand with a global reputation and an exciting vision: to become the best loved and most successful savings & investments business.

The forthcoming planned de-merger of M&G Prudential from the Prudential Group PLC provides a terrific opportunity to create a truly international and integrated savings and investments firm. A firm built on a rich and long history and with a commitment to an innovative future centred on the needs of customers and clients. There is a genuine opportunity to drive competitive advantage with value creation through the formation of this new organisation.

If you're inspired to join us, and have the necessary qualities, then this could be the opportunity you've been looking for.

Specific Responsibilities:

· To act as a Key Function Performer (KFP) for the Internal Audit Function, which has been identified as a Key Function in relation to the Senior Insurance Managers Regime (SIMR), as a KFP you are required to demonstrate adherence to the Fit and Proper requirements, Conduct Standards and Rules as applicable to you (these Standards and Rules will be made available to you).

Management Accountabilities:

· Take an active lead in helping each person in your team perform to their best and understand how their work contributes to the achievement of business success

· Evaluate and monitor collective performance to ensure your team is delivering in support of the strategic priorities of the business

· Produce operational plans and manage costs commercially

· Recognise successes around what is delivered and how people approach their work

· Maintain a consistent approach to managing performance across the business, by following the processes we've set out

· Keep role profiles complete and up to date

· Show your team how to pull together by being a hands-on manager, and always be fair, open and honest

· Identify what needs to be done and choose the right people for the job

· Give each person in your team clear accountabilities and stretching work objectives

· Take all reasonable steps to ensure the timely and appropriate resolution of control weaknesses, issues and operational failures arising within the business

· Ensure actions, decisions and processes take account of risk appetite limits and the potential impact on the risk profile of the area, escalating any uncertainties to senior management / Risk function

· Ensure effective systems of internal control to manage risks and maintain records reflecting compliance with regulatory requirements

Technical Capabilities:

· Experience of developing business audit plans to ensure all major risks an area / BU faces are covered

· Significant experience of managing and leading teams of more junior auditors

· Significant experience of assessing, reacting quickly and decisively to problems once identified, taking tough decisions where needed

· Significant experience/knowledge of Internal Audit/Audit monitoring functions in Financial Services

· Significant experience of a broad range of audit frameworks and approaches, covering financial and non-financial risk

· Significant experience of influencing and negotiation at all levels of the organisation, including escalation as appropriate

· Significant experience of influencing others and building strong relationships across the business Knowledge

· Detailed knowledge of life and pensions products, markets and competitors > Expert level knowledge of audit tools, techniques and industry best practice

· Expert level knowledge of the UK Financial Services sector, including regulatory, governance and risk management rules and regulations relevant to financial and non-financial risk

· Detailed knowledge of professional standards and codes relating to the specialism (Actuarial, Accounting, Auditing or IT Auditing)

· Detailed knowledge of Prudential products, systems and distribution methods

· Understanding of the Statement of Principle and Code of Practice


· If you're responsible for any legal agreements with third parties then you must make sure these are managed according to the Managing Contractual Relationships Framework. You'll find your responsibilities as an expenditure authoriser set out in the financial procedures manual for your business (e.g. Prudential UK & Europe, PIA, PPMS)

· Make sure that all personal expenditure, and contractual and legal agreements are authorised, controlled and monitored according to our delegated authority requirements

· Understand our Code of Conduct and how it applies to your work. Comply with all relevant policies, including mandatory training

· Use your judgement to strengthen our positive risk and control culture, by identifying, assessing and managing risk within your business area

· Take all reasonable steps to make sure your business area fulfils its external regulatory, legal and industry obligations

Professional Qualifications:

Relevant professional qualification (e.g. Actuarial, Accounting, Auditing, IT Auditing) with significant relevant post qualification experience
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