Internal Auditor

Job Type:

The Group Internal Audit team provides independent and objective assurance and advice to the Group Audit Committee, and to the Boards of Directors of the companies within the Group, over the processes and systems of control and risk management operating in the Group.  Its scope covers all aspects of the Group and its activities. It also liaises closely with other monitoring functions across the Group, including Group Compliance and Group Risk.  Its Audit Plans are developed using a risk-based approach.

The Vision for the Group Internal Audit team is ‘To be recognised as a leading-edge audit function among its peer group, which provides robust assurance and value creating insight and challenge through the excellence of its people, processes and technology’. The purpose of this Vision is to provide a consistent point of reference for our development. Our day-to-day work and any changes we make to what we do must be consistent with and contribute to this Vision.

The Group Audit team is based across three hubs in the UK (London and York), Europe (Lisbon and Luxembourg) and US (Atlanta and White Plains). The team is supplemented with additional co-source when required.

Our work adheres to the Institute of Internal Auditors’ (IIA) mandatory guidance including the Definition of Internal Auditing, the Code of Ethics and the International Standards for the Professional Practice of Internal Auditing (‘the Standards’). We also adhere to guidance issued by the Chartered Institute of Internal Auditors in the UK (CIIA): Effective Internal Audit in the Financial Services Sector.

As a part of a small but dynamic team, you will conduct internal audits across the Hiscox Group in line with the Audit Plan. These audits will be primarily aligned to Hiscox’s US Business Unit, as well as occasionally other Business Units (like UK or Europe) and Group functions. This will be through working with other members of the team.

• →Ideally degree qualified with a professional accountancy (CPA), audit or CIA/CISA qualification (or progress towards completion)
• →Previous internal audit experience in financial services - while internal audit experience is highly preferential, we will consider exceptional candidates from an external audit background, and candidates from other industries
• →A dynamic, assertive and self-confident individual who can deliver without the need for high levels of supervision
• →The ability to support planning and organization of an end-to-end audit with minimal day to day supervision, audit with the inherent flexibility to adapt the process, as required
• →Must be confident delivering difficult messages to senior stakeholders and be comfortable drafting written reports (which will be shared at Group Committee and Board level)
• →Strong people and relationship building skills, notably influencing and negotiating
• →Sound audit judgement
• →Excellent team working skills Innovative problem-solving skills and the courage to apply them
• →Excellent communication skills, both oral and written
• →Good commercial awareness
  
  

• Ensuring the successful and timely completion of reviews, supporting the audit lead during initial scoping and planning through to reporting and follow up on actions and recommendations, if requested.  You will play a critical part during the assigned audits and reviews, and support stakeholders and relationship management at all levels;
• Collaborate with cross – functional teams in making effective and pragmatic recommendations to address issues and to add value to the business;
• Working with and supporting other team members;
• Contributing to Internal Audit’s planning and strategy, and to its continued development; and
• Stay current with industry regulations and best practices and support the development of the internal audit function in the US
• Helping to build and maintain Internal Audit’s presence and reputation in the US and more widely across the Group.

At Hiscox our spirit is in Challenging Convention and everything we do is guided by our Values.

• Courage: Dare to take a risk
• Ownership: Passionate, commercial and accountable
• Integrity: Do the right thing, however hard
• Connected: Together, build something better
• Human: Clear, fair and inclusive

• Competitive salary and bonus (based on personal & company performance) 
• 401(k) with competitive company matching 
• Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)  
• Company paid group term life, short- term disability and long-term disability coverage 
• 24 Paid time off days, 2 Hiscox Days, 10 paid holidays, and ability to purchase 5 PTO days 
• Paid parental leave 
• 4 week paid sabbatical after every 5 years of service 
• Financial Adoption Assistance and Medical Travel Reimbursement Programs 
• Annual reimbursement up to $600 for health club membership or fees associated with any fitness program 
• Recipient of 2024 Cigna’s Well-Being Award for having a best-in-class health and wellness program 
• Dynamic, creative and values-driven culture 
• Modern and open office spaces, complimentary drinks 

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment

Work with amazing people and be part of a unique culture