Regulatory Auditor – Insurance – London - £65K
FourthLine is currently supporting a global reinsurance business in their search for a Regulatory Auditor to join their City based team. The role is a replacement role which helps the organisation bridge the complex and dual challenge of both regulation and audit facing the business.
As Regulatory Auditor, you will be working in a small team of three alongside the Risk Manager and reporting to the Risk and Compliance Director. The key function of the role is to offer Audit leadership with a sprinkling of regulatory advice to the business. As Regulatory Auditor, you will take full responsibility for the annual audit plan; inputting information into the plan, risk based analysis to identify focus, plan which parts of the business you will audit and how often and then put together detailed and rigorous reports on areas of concern and then supply recommendations of how to overcome those concerns. These reports will be scrutinised by the board who sign off on the recommendations and the Regulatory Auditor will then be responsible for carrying out all follow up actions. Additional responsibilities include regulatory horizon scanning, some sanctions and some regulatory advisory work.
As Regulatory Auditor, you will have a solid background in Internal or External Audit with a recognised Accountancy, Audit or Insurance qualification. Financial services experience is a must and experience or an understanding of underwriting and the insurance sector is desirable but not essential. This is a role which requires you to build strong relationships up to CEO and so you should be approachable and pragmatic but be happy to stand firm on your recommendations. Key to the role is rigorous analysis and the ability to write detailed reports and provide recommendations and you will be able to demonstrate expertise in both areas. The role offers autonomy and is a high profile position in the firm and so will suit someone able to hit the ground running.
Please get in touch with Richard Ferguson on Richard.Ferguson@thefourthline.co.uk for further details on this interesting and unique opportunity.