Audit Analyst, Insurance Pensions & Investments (IP&I

Review: Audit Analyst, Insurance, Pensions & Investments (IP&I) - Lloyds Banking Group

For professionals seeking to make a tangible impact within the financial services sector, this Audit Analyst role within Lloyds Banking Group's Group Audit and Conduct Investigations (GA&CI) function presents a compelling opportunity. Specializing in Insurance, Pensions & Investments (IP&I), this position offers the chance to contribute to audits that directly influence how the Group supports customers through significant life events.

Key Advantages for Candidates:

• Meaningful Impact: This role is not just about testing controls; it's about contributing to ensuring the business delivers the "right outcomes for customers" at critical junctures in their lives. If you're driven by purpose, this is a significant advantage.
• Industry Specialization: The focus on IP&I provides a niche for candidates with existing knowledge in these areas, allowing for deeper engagement and the opportunity to become a subject matter expert.
• Growth and Development: Lloyds Banking Group emphasizes a "growth mindset" and encourages proactive career development. The role explicitly mentions opportunities to "own and drive your career development" and to "coach and support less experienced members." This is a clear indicator of a supportive learning environment.
• Collaborative Environment: The role encourages collaboration with colleagues across the GA&CI function on integrated audits, offering exposure to diverse perspectives and audit methodologies.
• Flexible Working: The inclusion of Hybrid Working and Job Share options signals a commitment to work-life balance and adaptability, catering to a modern workforce's needs.
• Robust Benefits Package: Candidates can expect a comprehensive benefits package, including a generous pension contribution, annual performance-related bonus, share schemes, ample holiday, and a strong focus on wellbeing and parental leave.
• Commitment to Diversity and Inclusion: Lloyds Banking Group demonstrates a strong commitment to building an inclusive organisation that reflects modern society. This is evident through initiatives like setting diversity goals, specific health packages, and being disability confident, making it an attractive prospect for candidates from all backgrounds.

Key Considerations for Your Career Path:

• Required Experience: A strong foundation in risk management and control is essential, with prior internal or external audit or risk assurance experience being a prerequisite. Candidates should be able to demonstrate a proven track record in delivering impactful and insightful risk and control assurance work.
• Technical Acumen: In-depth knowledge of insurance, pensions, or investment products is crucial for effectively evaluating controls and providing valuable insights.
• Communication and Project Delivery: Strong verbal and written communication skills are vital for stakeholder relationship building and articulating potential challenges. The ability to manage workload effectively, prioritize, and ensure timely delivery of tasks is also paramount.
• Strategic Alignment: Candidates should be able to understand and interpret Group and Business Unit strategy and connect this to audit delivery, demonstrating strategic thinking to generate relevant insights.
• Data Analytics Proficiency: A key requirement is the ability to analyze, understand, and communicate data effectively to drive audit outcomes. Familiarity with data analysis tools and techniques will be highly beneficial.
• Desirable Skills: While not strictly mandatory, experience with Agile project management principles and an understanding of direct-to-consumer investment platforms, products, investment fund structures, and Regulated Activities would be advantageous, potentially accelerating your contribution and development.

In summary, this Audit Analyst role at Lloyds Banking Group offers a rewarding career path for individuals with a solid foundation in audit and risk, a passion for the IP&I sector, and a desire to contribute to a purpose-driven organisation. The emphasis on growth, collaboration, and flexible working, coupled with a comprehensive benefits package, makes this a highly attractive opportunity for those looking to advance their careers in financial services assurance.