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Risk _ Internal Audit FSO, Senior

Job Purpose:

Looking for minimum 2 to 5 years of post-qualification experience from the Operations Risk and Compliance and Audit functions. Leading, planning, developing and execution of Internal Audit and SOX Compliance engagements for Insurance clients.
Travel Requirement: Yes (should hold valid passport)

Duties and Responsibilities:

Lead and execute internal audits and internal controls testing for Insurance clients covering audit and compliance work as detailed below:
Support in risk scoping, assessment and building control framework
Evaluate internal processes / controls and prepare Risk Control Matrices
Gather and analyse risk-related data from internal and / or external resources
Review the existing risk framework and recommend changes to risk assessment / review / monitoring methodologies
Execute internal audits for the Insurance clients.
Help in designing the scope of audit assignments covering internal controls and policy guidelines basis the risk management activity
Support in planning audit assignments considering time and effort estimation
Execute and manage the audit assignment by performing field-work and following the planned audit approach. Perform internal audits and internal controls testing covering areas like underwriting, premiums, claims, surrenders, withdrawals, reserves, customer complaints, broking process, investments, financial book closure process etc.
Evaluate internal processes and controls, and prepare audit reports with value added recommendations to management and audit committees
Follow-up for implementation of controls for key risks within timelines & escalate overdue issues

Academic Qualification

2-5 years of experience in risk management and/or internal audit with minimum 2 year' s experience in Insurance industry
Independent, analytical and positive mind, excellent inter-personal and communication skills, ability to deal with people in different levels including senior management
Knowledge of international regulators e.g. US, UK, Australian regulatory frameworks (e.g. Fed, FCA, APRA etc.) will be an added benefit
Conversant with risk-based audit approach, risk assessments and quality standards
Good presentation and report writing skills
Command over MS Excel, Word and Power Point