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Trainee Internal Auditor

Canada Life Limited
Potters Bar, United Kingdom
Closing date
Jul 13, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Type: Trainee Internal Audit
Location: Potters Bar (Canada Life offers blended work pattern)
Start Date: September 2024
Degree Required: 2:1
Disciplines Recruited From: Accountancy, economics, business, computer science or another numerate or problem solving based subject preferred
Salary: Competitive + Benefits.
Closing date of position: 11th July

Additional information regarding the position:
Alongside this role you'll be studying for your ACCA qualification through an apprenticeship. It's expected that this qualification will take you approx. 3 years to complete. Your studies and exams will be paid for by Canada Life.

To support you with studying for this qualification, you'll get 6 hours per working week for 'off-the-job' learning. You'll be part of a wider network of colleagues from across the organisation also studying for their ACCA qualification. There may also be the opportunity to rotate into a different business area as part of your study to broaden your knowledge and experiences.

You'll need a degree and at least 5 C/4 or above GCSE grades (including Maths and English).

Please note: On the application form, under Job specific information you are asked to answer two questions that will be assessed as part of your application. Please make sure these sections are completed.

Job Summary:
The Trainee Internal Auditor role offers an opportunity to develop assurance, data, project and finance skills while working as a member of the Internal Audit team, assisting IA Management to meet the strategic objectives of the function to provide bold Insight for a company that delivers on its promises to customers. This is an apprenticeship role, which is supported by an agreed training programme including completion of ACCA and CRISC.

As the third line of defence, Internal Audit is responsible for performing an independent assurance and providing an opinion on how well Canada Life UK manages operations, interacts with customers, and delivers change.

What will you be doing:
1) Develop a strong assurance and consultancy skillset through the completion of ACCA, CRISC and other relevant training and development activity (e.g. data analytics).
2) Contribute to assurance engagement through contributing to the following activities, using data analytics and delivered in line with agreed timeframes and using an agile audit approach:
• Draft engagement-level risk assessment,
• Design work program,
• Execute work program, and
• Compile draft report for allocated internal audit engagements.
Note: The Internal Auditor will generally deliver audit engagements as part of a team and will lead smaller/less complex audit engagements.
3) Support ICOFR (Internal Controls over Financial Reporting) testing for allocated ICOFR processes
4) Provide Internal Audit management and the Chief Internal Auditor with support in respect of the management/administration of the function to meet the functional objectives.
5) Research and delivery ad hoc projects to support the continuous improvement of the Internal Audit team and its approach.

Experience Required:
The following skills and/or experience are essential:
• Ability to learn new concepts quickly and apply these to your role with strong research skills to support this.
• Ability to work under pressure within a team and individually to take responsibility for ensuring deadlines are met.
• Ability to communicate with clarity and precision, both written and verbally. This role will include working within small teams and liaising with key stakeholders.
• Excellent time management skills.
• Ability to think critically and broadly, understanding complex issues and making them simple for people to understand.
• An understanding of how projects work and agile project approaches and tools.

The following skills and/or experiences are an advantage:
Relevant work experience in business.
• GCSE (or equivalent) English and Maths (essential).
• Bachelor's degree from accredited college or university (desirable).
• Qualified accountant / Chartered Internal Auditor or willingness to studyi towards professional qualification (essential).

Benefits of working at Canada Life

We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.

How we work at Canada Life

Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.

We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That's why we offer a range of training, flexible working and opportunities to grow and develop.

Diversity and inclusion

Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we're making in DEI, and we continue for it to be a significant focus.

"At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all." Nick Harding, Chief People Officer, Canada Life UK

We appreciate that everyone has different work and life responsibilities. We're happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for.

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