The Fidelis Partnership is a leading privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. The Fidelis Partnership is one of the largest Managing General Underwriters globally and its operations also include outwards reinsurance, claims handling, exposure management and portfolio analytics. The Fidelis Partnership also sponsors and incubates specialist MGAs through its Pine Walk platform. The Fidelis Partnership is separately owned and managed from the ownership and management of Fidelis Insurance Group.
Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.
The role
The Senior Internal Auditor will support the Head of Internal Audit in delivering the annual risk-based Internal Audit Plan across The Fidelis Partnership (TFP), its regulated entities, and Lloyd's syndicates. The role will provide independent and objective assurance over the effectiveness of governance, risk management, and internal controls, supporting the business in achieving its strategic, operational, regulatory, and financial objectives.
The role requires strong London Market insurance experience and the ability to engage effectively with senior stakeholders across underwriting, claims, operations, finance, compliance, and risk.
This role offers an excellent opportunity for someone looking to build their experience within a dynamic London Market insurance environment, working across a broad and varied range of business areas with exposure to stakeholders at all levels.
Key accountabilities
Internal Audit Delivery
Lead and execute risk-based internal audits from planning through to reporting and follow-up.
Develop audit scopes, testing programmes, Terms of Reference, and audit workpapers in line with Internal Audit standards and methodology.
Evaluate the design adequacy and operating effectiveness of key controls across the business.
Identify control weaknesses, emerging risks, and opportunities for process improvement.
Draft clear, concise, and commercially focused audit reports for management and Audit Committee review.
Track and validate management actions to ensure timely remediation of audit findings.
Audit Planning and Risk Assessment
Support the annual enterprise-wide risk assessment and the development of the Internal Audit Plan.
Identify emerging risks affecting the insurance sector and consider their relevance to the Internal Audit Plan.
Contribute to continuous auditing and thematic reviews where appropriate.
Stakeholder Management
Build trusted and constructive relationships with business leaders, syndicate management, Risk, Compliance, Finance, Operations, and Technology teams.
Present audit findings and recommendations to senior management in a constructive and pragmatic manner.
Provide effective challenge while maintaining strong and collaborative working relationships across the organisation.
Co-source Provider Management
Manage co-source internal audit providers and ensure their work is delivered to a consistently high standard.
Coordinate with co-source providers on audit planning, scope, Terms of Reference, fieldwork, reporting, and action follow-up.
Review and challenge co-source provider outputs to ensure audit work is risk-focused, commercially relevant, and aligned with Internal Audit methodology and reporting standards.
Maintain effective working relationships with co-source providers, business stakeholders, and management to support smooth audit delivery.
Monitor delivery against agreed timelines, quality expectations, and reporting requirements.
Skills & experience
Essential Experience
At least five years' experience in Internal Audit, External Audit, Risk Assurance, or a related assurance role.
Experience within the London Market, Lloyd's market, insurer, reinsurer, syndicate, MGA, or MGU environment.
Strong understanding of governance, risk management, and internal control frameworks.
Excellent report writing and stakeholder management skills.
Strong analytical and problem-solving capabilities.
Experience auditing Lloyd's syndicates and managing agents.
Desirable Experience
Experience in data analytics and continuous auditing techniques.
Experience using AI to support internal audit activities.
Qualifications
One or more of the following qualifications is preferred: ACA, ACCA, CIA or equivalent professional qualification.
Personal Attributes
Independent and objective mindset, with a commercially pragmatic approach.
Strong attention to detail and high standards of professional judgement.
Confident communicator with excellent interpersonal skills.
Ability to manage multiple priorities and meet deadlines.
Resilient and comfortable engaging with senior executives and Board-level stakeholders.
Curious, proactive, and committed to continuous improvement.
Other
The Fidelis Partnership Ethos
At The Fidelis Partnership, we aim to be different while making a difference.
We set the standard for quality in our industry. Guided by our expertise, our clients can take unique and material risks with confidence.
Our approach is tailored and designed to deliver excellence for our clients. We are trailblazers, creating unique solutions in the (re)insurance space.
We are experts. Our brokers and clients value the depth of our knowledge and experience. We leverage state-of-the-art underwriting technology to be a market leader.
We believe sound ethics make for good business. We deliver value for our customers, investors and communities while actively avoid trading with industries that cause harm to people, the environment and animals.
We pride ourselves in creating a workplace that prizes execution, meritocracy, Diversity & Inclusion. Our people herald from countless backgrounds and are united by ambition and the unabashed desire to deliver excellence every day. We provide a competitive environment that helps people cultivate themselves professionally and personally and balance a rigorous workplace with a mindset that prioritises environmental and charitable activities in our communities worldwide.
Our ethos dictates our decisions and actions. It unites us as a team of experts and colleagues and provides us with a compass for ensuring we deliver our best to every stakeholder we serve.
Diversity, Equity & Inclusion
Diversity & Inclusion in the workplace
Insofar as possible, we aim to ensure the composition of our workforce reflects the make-up of the local community
We have specific programmes in all our offices to support diversity within the hiring process, e.g. internship and scholarship award programmes
This is a particular focus in Bermuda, where we engage actively with local organisations to source diverse talent and provide coaching/mentoring for underrepresented groups
We aim to maintain a focus on equal opportunities across all stages of hiring process
We measure and minimise the pay gap where possible.
Bring Your Whole Self to Work
Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership's successes. This will be driven by a workforce that embraces Diversity & Inclusion at every level, in every department across The Fidelis Partnership.
