Willis Towers Watson Director of Internal Audit in London, United Kingdom

Director of Internal Audit

Date Posted: December 5, 2018

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JOB DESCRIPTION

Internal Audit (IA) is an independent function that provides WTW’s boards and management with objective assurance and advisory services in relation to the company’s processes and controls focussed on effectively mitigating key business, financial, operational and regulatory risks. IA aligns itself with professional standards, applies a disciplined approach and draws on specific expertise in evaluating and improving the effectiveness of key processes and controls, protecting the assets and reputation of the organization.

The Role

The Investment, Risk & Reinsurance (IRR) Director of Internal Audit will report to the Chief Auditor, and will be responsible for developing, updating and implementing a comprehensive risk-based audit plan which covers the Investment, Risk & Reinsurance segment, working in conjunction with all the Segment, Geography and Function Directors of IA. The person will also liaise closely with the various management teams incorporated within the IRR Business Segment and the other IA teams working, to support effective mitigation of key Group business, operational, regulatory and financial risks as appropriate. The Investment, Risk & Reinsurance (IRR) Director of Internal Audit attends Management and Board meetings along with the Chief Auditor as required, and will be responsible for the quality, timeliness and accuracy of reports and outputs of his or her team. This position is location agnostic and will require some travel.

This role also supports the Chief Auditor in developing a suitably risk-based audit plan for the Office of the General Counsel (OGC), working with the Compliance, Risk and Legal management teams across the OGC globally, in collaboration with the Segment and Geography Directors of IA to assist with effective mitigation of key business, operational, and regulatory risks.

Principal Duties/Responsibilities:

  • Develop and deliver a risk based audit plan covering Investment, Risk and Reinsurance, and the Office of the General Counsel with input from other Segment, Geography and Function IA Director’s, as well as the Chief Auditor; ensure through quarterly reviews and regular stakeholder relationship meetings that the plan remains current and relevant to support WTW in effectively mitigating key risks as appropriate to meet corporate objectives

  • Working in close collaboration with the IA Chief of Staff, and Segment, Geography and Function IA Director’s, and relevant IA teams

  • Proactively manage the relationships with the IRR and OGC Leadership teams, the external auditors and the relevant regulators as required

  • Lead, motivate and develop colleagues by providing direction, timely feedback, and coaching

  • Direct and review the work of the team to ensure audit reports are timely, thorough, accurate and presentable

  • Contribute to the development of the department’s technology, methodology and processes

  • Collaborate with senior colleagues across IA, Finance, Business Segments, Compliance, Risk Management, and Legal to improve the quality of controls and risk management across the Group.

The Requirements

  • Senior management internal audit experience in a large international financial services company at a Head of Audit level or equivalent; or a Director level professional from a top four auditing firm specialising in Internal Audit / Risk Management

  • Sound awareness of regulatory requirements and associated risks and controls in a Global operation

  • Ability and track record of leading, developing and motivating a team of audit professionals and delivering results

  • Strong communication skills including written, verbal and presentational

  • Strong commercial acumen and gravitas to interact comfortably and persuasively with executive level management and board members

  • Ability and track record of influencing top management from different cultures and nationalities

  • Ability and track record of leading complex multi-location audits, investigations or forensic reviews and meeting tight deadlines

  • Preparedness to accept international travel commitments

  • Experience in the asset management sector or insurance industry, desirable

  • Graduate calibre with either ACA, ACCA, CMIIA or equivalent professional qualifications

  • Proficiency in basic PC applications (Excel, Word, PowerPoint, Outlook)

  • Proficiency in another widely used language in WTW, other than English, desirable.

The Company

Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com .

Willis Towers Watson is an equal opportunity employer

Willis Towers Watson believes that effectively managing a diverse workforce is vital to our business strategy. We have an obligation to our organization, ourselves and our clients to hire and develop the best people we can find. We will continually review our policies and practices to ensure that all areas of the employment process (including recruiting, hiring, work assignments, compensation, benefits, promotions, transfers, company-sponsored development programs and overall workplace experience) are free from discriminatory practices. We are committed to equal employment opportunities at Willis Towers Watson.

Unsolicited Contact: Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Willis Towers Watson, any such agency must have an existing formal written agreement signed by an authorized Willis Towers Watson recruiter and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged on the particular search. Likewise, for our authorized Recruitment Agencies/Search Firms, if the candidate submission process is not followed, no agency fees will be paid by Willis Towers Watson. Willis Towers Watson is an equal opportunity employer.

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JOB SNAPSHOT

  • Location:London, England, GB

  • Date Posted:December 5, 2018