Stephen Licence
About Stephen Licence
Stephen Licence serves as the Chief Internal Auditor at Legal & General, where he has worked since 2014. He has extensive experience in internal audit roles across various organizations and holds a BA Hons in Economics from the University of Sussex.
Current Role at Legal & General
Stephen Licence serves as the Chief Internal Auditor at Legal & General, a position he has held since 2014. In this role, he is responsible for setting the vision and delivering the strategy for the Internal Audit Division. He reports directly to the Group's Audit Committee Chair and the Group Chief Executive. His leadership focuses on ensuring that the audit function aligns with the overall objectives of the organization.
Previous Experience in Internal Audit
Before joining Legal & General, Stephen Licence held various positions in internal audit across several organizations. He worked at RSA plc as Chief Auditor for Emerging Markets from 2009 to 2014 and as Internal Audit Manager UK from 2007 to 2009. His earlier roles include Internal Audit Manager at AXA UK from 1998 to 2001, Head of Internal Audit at Alexander Forbes from 2005 to 2007, and Audit Consultant at the London Stock Exchange from 2001 to 2004. He also served as Head of Internal Audit at Talbot Underwriting for one year in 2004 to 2005.
Education and Academic Background
Stephen Licence studied at Kirkham Grammar School before pursuing higher education at the University of Sussex, where he earned a BA Hons in Economics from 1987 to 1990. He also attended CEDEP for Executive Development in Fontainebleau, enhancing his skills and knowledge in leadership and management.
Professional Involvement and Leadership Roles
Stephen Licence chairs the ECIIA Insurance Committee, representing the CIIA UK & Ireland. This committee includes Group Chief Internal Auditors from major insurance companies such as Allianz, AXA, and Zurich. His involvement in this committee highlights his commitment to advancing the internal audit profession within the insurance sector.
Vision for Legal & General's Internal Audit Division
Stephen Licence played a key role in developing the Legal & General Group Internal Audit 2022 Vision. This vision emphasizes delivering value through robust assurance and forward-looking insights. It is characterized by innovation and investment in people, technology, and advanced analytics, reflecting a modern approach to internal auditing.