Chubb
AVP, Internal Audit
- Compensation
- Not disclosed
- Location
- London, United Kingdom
- Work setup
- Hybrid
- Seniority
- Not specified
- Employment
- Not specified
- Experience
- 3+ years
- Category
- Finance
- Posted
Skills
Must have
- Bachelor's degree or equivalent.
- Professional qualification: ACA, ACCA, CIA, CIMA, CPA or equivalent.
- Minimum 10 years of relevant experience inclusive of 3 years of managerial experience.
- Experience within internal audit, or a combination of internal audit, risk and compliance experience within the insurance industry; or internal audit experience with a professional services firm as an
- Proven track record of managing multiple audit engagements end-to-end, including planning, fieldwork, reporting and follow-up.
- Strong understanding of risk-based audit methodologies, risk assessment and internal controls, and the IIA Standards.
- Demonstrable knowledge of the insurance industry, including underwriting, claims, finance, compliance and applicable regulatory frameworks (e.g., Solvency II, Lloyd's, PRA/FCA or relevant local regula
- Experience of coordinating with first and second line functions.
- Strong report writing skills, with the ability to communicate complex findings clearly and concisely to senior audiences.
- Demonstrated experience in leading, coaching and developing audit staff.
- Experience with AI tools and platforms and their usage within the audit process.
- Experience with data analytics tools and audit management/workflow systems.
- Exposure to continuous auditing and continuous monitoring methodologies.
- Willingness to travel up to 10%.
Full description
Role Overview
The AVP (Assistant Vice President), Internal Audit, plays a key role in directing and delivering high-quality internal audit coverage across key financial, operational and compliance risk exposures across the business in accordance with the audit plan and consistent with the Internal Audit Charter. The role combines technical audit expertise with strong leadership, business partnering and stakeholder management capabilities. The AVP manages multiple audit engagements from planning through to reporting, supervises a team of audit professionals, supports the development of the audit strategy and risk universe, and builds credible relationships with business management to provide independent, objective insight.
Key Responsibilities
- Plan, allocate resources, oversee and deliver audit projects in line with Internal Audit methodology, ensuring timely completion of projects within budget, high-quality outcomes and actionable recommendations.
- Conduct and report on special assignments such as management requests for advisory reviews and fraud investigations.
- Manage stakeholder relationships, including business management, senior leadership, regulators, and external auditors, through clear and timely communication and high quality deliverables.
- Support the annual risk assessment and maintenance of the audit universe for the allocated entities/processes to reflect changes in risk levels and strategic direction of the Company.
- Support preparation of the regional audit plan and audit strategy. Track progress of the audit plan against available resources to ensure timely completion.
- Prepare periodic reports on audit plan status, including open issues and resourcing, and present results of Internal Audit activities and investigations for governance and audit committees.
- Promote application and use of AI, data analytics, continuous auditing/monitoring, process automation, to increase audit coverage and optimize audit efficiencies.
- Coordinate and partner with first and second line functions (compliance, risk management, underwriting QA, claims QA, financial compliance).
- Provide advisory support to management on risk, control and regulatory matters as required.
- Actively participate in global IA continuous improvement initiatives.
- Keep informed of regulatory and market developments impacting regional business, and stay current on organisational goals and objectives.
- Supervise, coach and manage audit staff to support strong performance, productivity, capability development and timely delivery of audit projects.