Convex Insurance

Returner: Operational Audit, Group Internal Audit

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London, Greater London, England, GBR

In-Office

Entry level

Insurance • Financial Services

The Role

Conduct operational audits by scoping risks, mapping workflows, evaluating controls, performing walkthroughs and testing, documenting findings, and recommending improvements. The role also involves preparing audit planning documents, reporting observations to management, tracking remediation actions, and building trusted relationships with stakeholders. Candidates should hold a professional audit qualification and be returning from a career break of at least two years.

Summary Generated by Built In

The Convex Internal Audit team provides independent, objective assurance and insight designed to protect organisational value, strengthen risk management and governance frameworks, and evaluate the internal control environment as Convex continues to scale. While we operate as an independent function, we view audit as a collaborative journey rather than a box-ticking exercise. We work side-by-side with teams across the organisation to help Convex reach its ambitious commercial goals, all while keeping a steady focus on robust internal controls and high-quality risk assurance. Using data-driven insights and a flexible, risk-based approach, we help protect the business and drive operational excellence every day.

Our success relies on genuine partnership, trust, and shared values. Within the department, we champion an open, supportive culture where clear communication, integrity, and continuous professional development take priority.
We believe the best audit outcomes come from empowering our people, which is why we invest heavily in regular training, dedicated career conversations, and overall well-being. It is all about combining sharp control and objective assurance with a warm, high-engagement mindset that adds real value to the organisation.

As a Returner in Operational Audit, you will play a crucial role in evaluating and enhancing the effectiveness of Convex’s operational controls, risk management systems, and corporate governance. Rather than managing teams, this role allows you to focus purely on high-quality delivery, stakeholder engagement, and strategic risk evaluation, making it an ideal platform to refresh your core audit skills.

Key Responsibilities

Audit scoping & planning: collaborate with business stakeholders to map operational workflows, identify key risk areas, and prepare formal Audit Planning Documents (APDs) and Terms of Reference (ToR).
Control evaluation & walkthroughs: perform process walkthroughs and design comprehensive Risk and Control Matrices (RCMs) for operational audits.
Audit execution: conduct robust audit testing to evaluate control effectiveness, identifying control gaps, operational inefficiencies, and regulatory alignment opportunities in conformance with Global Internal Audit Standards (GIAS).
Reporting & advisory: draft clear, high-quality audit observations and formulate pragmatic, commercially grounded recommendations for management.
Remediation & action tracking: partner with business leaders to monitor the implementation of agreed management actions, supporting continuous control improvement across the Group.

Skills Knowledge and Expertise

You hold a professional qualification (such as ACA, ACCA, CIA, or equivalent) with a background in financial services, insurance, or general corporate audit.
You are returning from a career break of at 2 years or more and are looking for a collaborative, supportive environment to rebuild your professional momentum.
You have an analytical approach to problem-solving, like to ask thoughtful questions, and enjoy getting hands-on with operational processes.
Excellent communication skills with the ability to build trust-based relationships across a diverse range of business stakeholders.
Pragmatic, flexible, and open to learning new ways of doing things as our business continues to grow.

Benefits

Competitive Salary
30 days Annual Leave
Birthday Leave
10% Employer Pension Contribution
Private Health Insurance Medical Cover
Group Income Protection
Life Assurance Cover
Enhanced Parental Leave
Annual Health Check
3 days of Volunteer Leave each year
£1,300 to spend on learning & wellbeing
Give as You Earn
Cycle to Work
Season Ticket Loan

About
In 2019, Stephen Catlin and Paul Brand co-founded Convex with $1.7bn of initial committed capital to underwrite insurance and reinsurance for complex specialty risks. The company has since received an A.M. Best rating of A (Excellent) and regulatory approval to operate in London, Bermuda, Luxembourg and United States.We have also welcomed leaders in their fields from across the insurance industry, bringing a diversity of thought and approach.We live our values in every facet of our business:Earn our reputationEverything we do affects how others see us. Our success depends upon our reputation, for which all of us share responsibility.Straightforward and fairWe tell it like it is, with fairness, dignity and respect. We strive to do the right thing always, however hard it seems.Determined to improveHowever good we are, we are not complacent. We know we can always be better and we never stop trying to improve.Inspired by opportunityWe come to the market and to every client engagement without baggage. There is no limit to what we can achieve together.Enjoy being differentWe feel positive about change and we are not afraid to try new things in our quest for a better way for clients, stakeholders and colleagues to do business.