Insurance - Internal Audit - Junior Consultant (Entry Level)

About the Team

The FS Risk Consulting – Insurance Internal Audit (IA) team provides outsource and co-source IA services to a range of insurance clients across retail and corporate insurance in the UK and Gibraltar, as well as the Lloyd’s Market. The team also delivers IA EQAs, Board Effectiveness Reviews, and other control/assurance assignments.

About the Role

This role focuses on delivering and supporting client internal audit and other governance-related engagements. You will also support client management and broader internal and external activities. The role operates on a hybrid working model, splitting time between home, the office, and client sites, with core office days.

First Year Responsibilities:

• Undertake fieldwork using various tools and methods to review client business operations and provide recommendations.
• Perform internal audit fieldwork remotely and at client sites, testing risks and the effectiveness of controls.
• Prepare draft reports for management review.
• Engage directly with clients to understand their business processes, controls, and risks.
• Develop an understanding of client businesses, industry best practices, and regulations.
• Obtain relevant information from clients and build rapport with their staff.
• Support opening and closing meetings.

Second Year Responsibilities:

• Gain greater autonomy, leading audits under manager guidance.
• Lead key client interactions, including walkthrough meetings with C-suite executives.
• Support senior team members with complex technical audits and consulting engagements.
• Undertake further training, including data analytics tools.
• Develop a deeper understanding of clients by working with client managers on assignment planning.

Third Year Responsibilities:

• Take responsibility for the end-to-end audit process.
• Guide junior colleagues.
• Lead client interactions and draft high-quality reports.
• Support client managers in overall engagement success.
• Develop client portfolio management skills or work on technical engagements with the consulting practice.

Who We Are Looking For

• On track or have obtained an undergraduate degree. Strong academic performance is important, but we consider your whole self, including other experiences.
• Ability to build rapport and manage relationships with senior stakeholders.
• Excellent written communication skills for client deliverables.
• Desire and ability to work collaboratively in a team-focused environment.
• Demonstrable ability to take ownership of tasks and projects.
• Good time management, prioritisation, and project management skills.
• Emphasis on effective, balanced communication and empathy.

Learning & Development

• Fully funded ACA professional qualification.
• Supportive culture with coaching, mentorship, and one-on-one guidance.
• Time off for study and a blended training approach (in-person and virtual).
• An allocated buddy to help you settle in.
• Comprehensive training in professional, client, digital, and technical excellence.