Actuarial Audit Director

  • 38522
  • Life - Actuarial
  • |
  • Singapore
  • |
  • Nov 5, 2020
Insurance
RESPONSIBILITIES
  • Required to have good working relationships with Audit Directors and other members of the Internal Audit management team.
  • Key accountabilities include building and sustaining good working relationships with senior management at both PCA and LBU.
  • Conduct regular risk assessment over different audit universes with a focus on actuarial areas taking into consideration both insurance and financial risks.
  • Help to construct the annual audit plan in consultation with business line management and other Audit Directors.
  • Foster collaboration with group/regional/local risk team and other assurance work providers to ensure no gaps or overlaps in the review areas and put in place appropriate audits to assess the ongoing compliance with internal policies and regulations including Group Wide Standards.
  • Responsible individually and collectively for the scheduling of the resources of the Audit Plan.
  • Ongoing liaison with the GwIA Operations Team to ensure effective management of the GwIA resource plan.
  • Manage a portfolio of varied audit assignments to time, quality and budget, including reviewing the audit working papers in line with the GwIA audit methodology.
  • Line managing a team of Audit Managers/Assistant Directors with responsibility for coaching and mentoring individuals and providing feedback on performance following completion of each assignment.
  • Responsible for discussing the audit report and findings with senior management at both PCA and LBU and for ensuring that appropriate responses are obtained for each issue raised in the report.
  • Ensuring a post audit review is conducted at the end of each audit assignment in line with the GwIA audit methodology.
  • Provide subject matter expertise as needed and key liaison for actuarial, financial risks, ALM, product and GWS related matters.
  • To represent GwIA in management of key stakeholder relationships.
  • Take a lead role in shaping the on-going development of the internal control processes through disseminating best practices.
  • Understand Management and Audit Committees expectations.
  • Routinely seek information from the auditee regarding their needs and concerns.
  • Work with management to ensure audit programmer covers all major risks the organization faces.
  • Oversee the delivery of an audit programmer of varied audit assignments.
  • Assist the CIA in reviewing the work of Audit Managers.
  • Develops functional relationships with Directors, and other departments to facilitate audit activities.
  • Contribute to the development of the Group-wide methodology and working practices.
  • Keep updated on the latest Actuarial developments and recent hot topics in the Actuarial community.
QUALIFICATIONS
  • Post Actuarial Qualification.
  • Preferably at least 10 years in an Internal Audit role with management experience.
  • Recognized Actuarial Qualification.
  • Demonstrable experience of influencing and challenging senior management and building excellent relationships.
  • Relevant industry experience.
  • Experience in successfully coaching and developing people.
  • High attention to detail and rigorous logical thinking ability.
  • Good team player, who can win and maintain the professional respect of the team.
  • Proficiency in written and spoken Mandarin.
  • Excellent writing, communication and interpersonal skills.