Internal Audit School Leaver Apprenticeship Scheme – London
Career Integrity & Compliance Audit Report
This vacancy has been independently reviewed by the OppaJob Transatlantic Career Intelligence Desk to confirm authentic direct employer recruiting, verify compensation transparency, and eliminate applicant processing fees.
Transatlantic Cost of Living & Purchasing Power Benchmark
Compare US ($) vs UK (£) Salary & Net Take-Home Pay
Calculate tax deductions, living costs, and purchasing power parity across US & UK metros.
Position Overview & Specifications
Agile Working Options Other Agile Working Arrangements / Open to Discussion Job Description Summary The Lloyds Banking Group Internal Audit Apprenticeship is an ideal opportunity for enthusiastic school leavers who are eager to get started with their career and professionally qualify as a Chartered Internal Auditor with a Master’s degree, all whilst earning a salary.
Lloyds Banking Group is Britain’s largest bank and the largest provider of digital financial products in the UK, so the role of auditor is an important one – managing risks and ensuring the correct measures are in place to protect against them.
This 4.5 year programme takes your through your fully funded Level 4 and then Level 7 Audit apprenticeships while building your skills and knowledge through your day to day work.
We don’t just look for exam results – we’re looking for passion, personality and the commitment to learn! Whatever your dream, you can expect excellent benefits, personal development and a career that’s enriching and full of opportunity. Job Description About the programme: Starting in September 2023, we’ll support your fully funded study to professional qualify as a Chartered Internal Auditor with the Chartered Institute of Internal Auditors. Over a 4.5 year period, you’ll start by completing the Level 4 Internal Audit Practitioner apprenticeship, before moving onto the Level 7 Internal Audit Professional apprenticeship which is also a Masters qualification. You will rotate through placements during your apprenticeship where everything you’ll learn will be relevant and readily applicable in your day-to-day role. The apprenticeship scheme will give you significant insight into our entire business. Our central role offers a unique perspective on how Lloyds Banking Group functions. This added exposure can be a valuable stepping-stone towards senior leadership positions in the future. You are a permanent member of staff as soon as your start and our commitment to your growth and development reflects this, we want to support you to succeed! By the end of this programme, you’ll have a clear path for progression within Lloyds Banking Group and a firm understanding of your strengths and career goals. Plus upon successfully completing the apprenticeship you’ll not only be a Chartered Internal Auditor, but you’ll also have your Master’s in Internal Audit Management & Consultancy! What you’ll learn: As part of your role, you’ll learn all about performing audits to test processes, identifying gaps in those processes and help to recommend steps to ensure the highest risks are effectively managed. As an Apprentice Internal Auditor, your placements will be in different teams:
- Teams that work with the Business: these teams look at how the bank works for our customers. You’ll get to explore diverse areas such as Retail Banking, Insurance and Commercial Banking
- Teams that focus on Risk: these teams look at the engine room of the organisation; the specialist areas that allow bank operations to work as fluidly as possible. You could find yourself anywhere from People to Data or Finance to Cyber Security.
- Minimum 5 GCSEs Grades 4 -9 (inc. Maths at minimum 5 and English Language) and
- Minimum of 112 UCAS points under the 2017 tariff point system (e.g. BBC at A Level or equivalent qualifications)
Candidate Selection & Onboarding Process
Application & Resume Screening
Submit your tailored CV/Resume directly to the talent acquisition portal.
Technical & Competency Interviews
Virtual interviews with the hiring manager and multidisciplinary team.
Formal Offer & Benefits Negotiation
Written agreement outlining compensation, equity, retirement vesting, and relocation allowances.
Onboarding & Corporate Integration
Equipment provisioning, team orientation, and commencement of duties.
United Kingdom Right to Work & Skilled Worker Visa Guide
Employment in the United Kingdom requires legal Right to Work verified under the Home Office Points-Based Immigration System:
Sponsoring employers must hold an active Home Office A-rated Sponsor License and assign a valid Certificate of Sponsorship (CoS). Role must meet the general minimum salary threshold (£38,700) or occupation going rate.
Continuous employment under Skilled Worker status establishes eligibility for Indefinite Leave to Remain (ILR) after 5 continuous years, leading to British Citizenship.
Candidate Preparation Blueprint: Banking & Lending
Based on transatlantic hiring benchmarks for Internal Audit School Leaver Apprenticeship Scheme – London roles across Lloyds Banking Group's corporate sector, successful applicants typically excel across three core dimensions:
Demonstrated portfolio evidence, architecture/system design case studies, or validated professional certifications directly applicable to Banking & Lending.
STAR method competency responses highlighting cross-functional leadership, conflict resolution, and delivering measurable enterprise ROI under tight timelines.
Total compensation expectation aligned within the benchmarked £27,846 - £40,222 bracket, including retirement vesting and health parity.
Explore Related Opportunities (United Kingdom)
Other high-paying verified positions matching your industry profile.
Principal Data Analytics Specialist
Senior Clinical Diagnostic Radiographer
Senior Site Reliability & Kubernetes Engineer (SRE)
Consultant Acute Care Physician (General Medicine)
Head of Cyber Security & Zero Trust Architecture
Apply for this Position
Receive high-paying Banking & Lending openings directly to your inbox.