Vp, Asia Internal Audit
1 week ago
We are seeking a VP, Asia Internal Audit to join our Internal Audit team in Singapore. Reporting to the Chief Audit Executive - Global Markets, the responsibility will be for the oversight and execution of internal audit for the Sompo entities in Singapore and Hong Kong. There will be approximately 15% travel to other Sompo International office locations.
Primary Responsibilities:
- Responsible for the delivery of the risk assessment and internal audit plan and all aspects of the IA function across three legal entiites in Singapore and Hong Kong.
- Develop strong relationships with stakeholders in Singapore RQH, Sompo Insurance Singapore, Sompo Hong Kong and Endurance Specialty Insurance Singapore (CEO, Asia, Commercial lead, CEO’s of entities, Audit Committee Chairs) to promote the IA function, to evaluate the quality of the internal control environment and ensure activities are value added.
- Work collaboratively and develop strong relationships with business units and operational areas and continue to develop the organization’s appreciation for a strong internal control environment.
- Conduct the internal audit risk assessment and establish the internal audit plans ensuring that all internal audit plans are risk based, right sized and fit for purpose.
- Work with IA Sr. Leadership team to build strong partnership and drive department goals forward.
- Execute the internal audit plan, ensuring all audits are effectively scheduled, planned and agreed with relevant stakeholders.
- Prepare materials for and present at Audit Committee meetings and evaluate / improve the quality and consistency of Audit Committee reporting.
- Ensure day to day activities of the internal audit function are executed, preparing / reviewing workpapers and draft reports.
- Ensure audits are of high quality, in compliance with SIH methodology and are consistent across the region.
- Keep abreast of key regulatory requirements / risks / business shifts / internal audit trends within designated area for input into department audit plan(s).
- Develop resource plan for execution of responsibilities and manage talent
- Work with internal audit team members in other office locations on group-wide audits as required
- Oversee with SIH internal audit, the JSOX compliance activity across Malaysia, Indonesia, Turkey and Brazil.
- Provide oversight, support and expertise to SIH Internal Audit on financial controls activities across the commercial business.
Desired Skills and Experience:
- Experience within Internal Audit in Insurance / reinsurance / big 4.
- CIA / ACA / CPA / ACCA / CII or similar professional qualification.
- Ability to manage areas of an internal audit dept. with mínimal guidance from CAE
- Ability and experience in managing professional resources and staff.
- Strong planning and organization skills with a clear ability to meet deadlines
- Highly effective interpersonal & communication skills; ability to write clear and concise observations and reports.
- Well-developed ability to explain decisions to others and negotiate appropriate solutions.
- Ability to be a critical thinker in order to identify and analyze exposures, recognize areas of concern, and develop appropriate solutions.
- Ability to prioritize multiple and/or competing projects.
- Ability to lead projects and department initiatives with high risk and complexity.
- Ability to maintain strong relationships with management.
- Ability to lead presentations to internal and external stakeholders
- Strong knowledge of audit procedures, including a working knowledge of IIA (Institute of Internal Auditors) Standards, JSOX requirements and the COSO Internal Control Framework.
- Experience with TeamMate desirable but not essential. Additional language capabilities (Chinese) desirable but not required.
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