Internal Controls Manager – Amazing Financial Service Co

Salary: £78,000 per year

Internal Controls Manager – Controls Framework
London Based (EC3), Up to £65,000 + 10% Bonus + Benefits
Superb Growing Company with Great People and Culture, ASAP Start, 40% Remote Working

Reporting to the Head of Compliance & Risk, the Internal Controls Manager position is a brand-new position for this business, created to focus on establishing the internal control policy and designing the internal control framework, with the need for the role arising through continued business growth and demand.

Suitable for Risk & Control specialists used to focusing on control frameworks, the business is also open to experienced Audit professionals who have the knowledge & expertise of Frameworks & Controls testing, who are keen to translate that experience into the Internal Controls Manager role. The Internal Controls Manager position is a permanent role and when the business does return to their amazing office in EC3, this person will also enjoy a minimum of 2 days a week working from home!

The Company: This superb mid-sized insurance organisation has gone from strength to strength (in fact they have tripled their revenue and employee base in the last 3 years, so it’s a great time for the Internal Controls Manager to be joining them.) The business was co-founded in the 1990’s by two of the largest insurance companies in the world. In 2016, the business became a joint venture and established itself in central London where they currently employ an international team of over 100 staff, with another 50 based in a dozen other locations around the world.

The Role: The Internal Control Manager will be responsible for designing and ensuring the successful implementation of a strong internal control framework through the development of policies and procedures, ensuring their implementation and monitoring compliance.

The position will work to foster standardisation and consistency across business processes and internal controls and the Internal Control Manager will help to shape, define and establish an Internal Control Framework and is a rare opportunity to help build the Internal Control from scratch, shaping the function and taking real ownership of how the Internal Controls work.

The Internal Control Manager will work in close collaboration with the Operational Risk Manager and the Compliance team.

Duties:

• Establishing Internal Control Policy.
• Designing Internal Control Framework.
• Preparing Annual Internal Control Programme in collaboration with the Senior Management Team.
• Designing periodic testing activities.
• Overseeing the execution of periodic testing activities, assist the Internal Control Officer to resolve queries arising from testing activities.
• Executing most complex testing activities.
• Periodic assessment and review of the risk and the sound functioning of the internal control system.
• Tracking and confirming appropriate resolution and completion of remediation actions.
• Maintaining up to date mapping of existing 1st level policy/standards & key critical process and associated risks and controls
• Preparing periodic reporting including findings and recommendations to the Senior Management and Board of Directors.
• Escalating any serious matter arising from control activities.
• Contributing to the Training of 1st level functions on best practices to address specific training and development needs to fill compliance gaps.
• Reviewing, assessing and enhancing the main components of the Internal Control Framework within the business i.e. Control Environment, Communication, Assessing and Managing Risk, Control Activities and Monitoring.

Ideal Background:

• 7+ years’ experience (or equivalent) in a similar position or comparable Audit experience with the desire to move into a 2LOD role.
• Degree educated (or equivalent) in a numerical discipline accounting, economics or finance or equivalent.
• Positive leadership skills with the ability to work and partner in a complex matrix environment.
• Solid understanding and experience with internal control frameworks.
• Strong analytical skills including the ability to spot, assess and address risk, materiality and interdependencies and translate it into impact analysis and recommendations for improvement.
• Strong communication skills, presenting internal control and risk matters in an understandable way across various forums and levels of the organisation with the right level of detail.
• Excellent organisational and interpersonal skills, and ability to work as part of a Global organisation
• Adaptable to working in a fast paced, ever-changing environment.
• Strives for continuous improvement and optimisation.
• Ability to work well independently as well as the ability to work well with various stakeholders