Job Purpose
Internal audit at Lockton International is transforming. We are looking for someone to be part of a highly effective, robust, and influential team with a strong reputation, to help us to establish a regional team for the Asia and Pacific regions. Are you inspired to be part of a One Lockton team, working together as a diverse and inclusive global function We are recruiting exceptional people, who see Audit as a great training ground for Lockton's future business leaders and are currently looking for a regional audit to join us in Malaysia. This is a new position being created to respond to significant and rapid growth and expansion in the Asia and Pacific Regions. We are seeking a dynamic, energetic and experienced Audit Manager with a regional focus to join our global team. As the Regional Manager, you will play a pivotal role in establishing the regional function and executing internal audit activities across the Asia and Pacific Regions, ensuring compliance with local regulatory requirements and company policies and procedures. Reporting to the Group Head of Internal Audit based in London, initially this will be a solo role for the Asia and Pacific Regions although it is expected to growth over time.
Job Description, Key Tasks and Measurements
Audit Execution and Reporting
- Execute audit engagements from end to end, conducting interviews, analysing data, evaluating controls to assess their adequacy, implementation and operating effectiveness and perform detailed testing procedures
- All Audit work is thorough, complete, fully documented and has been performed in accordance with IIA standards and the company's Internal Audit standards
- Prepare clear, concise, and insightful audit reports detailing findings, recommendations, and action plans for management review and implementation
Risk Assessment and Audit Planning
- Conduct comprehensive risk assessments of regional operations to timely identify risks and key areas of focus for internal audits
- Develop detailed audit plans, including scope, objectives, and methodologies and detailed work programs, to address identified risks and ensure adequate coverage of critical processes and functions
- Coordinate with external auditors and regulatory agencies as needed to support audit activities and ensure compliance with industry standards and regulations
Continuous improvement
- Identify opportunities for process improvements, operational efficiency, and risk mitigation
- Implement best practices and contribute to the development and enhancement of internal audit methodologies and approach
- Partner with operational teams to identify opportunities for process improvements, efficiencies, and cost savings leveraging best practices and innovative technologies
Leadership
- Support the GHIA to develop and implement risk-based audit plans tailored to regional operations, ensuring alignment with company objectives and regulatory requirements
- Serve as a trusted advisor to regional leadership, offering proactive insights and recommendations to enhance internal controls and operational efficiency
- Stay abreast of industry trends, emerging risks, and regulatory developments to proactively assess their impact on regional operations and audit strategies;
- Proactively assist the GHIA in producing papers for Board / Committees and working groups as requested (e.g. Risk and Audit, Risk & Control, IT Security, Data Security, Financial Crime)
Stakeholder Engagement and relationship management
- Cultivate strong relationships with key stakeholders across regional offices, including regional leadership, local senior management, business unit leaders, and support functions
- Communicate audit findings and recommendations effectively, promoting transparency and collaboration across the organisation
- Actively liaise with other members of the Group Internal Audit Team, facilitating communication and collaboration to drive consistency and alignment in audit practices and standards
- Champion a culture of transparency, integrity, and accountability, promoting awareness of the importance of internal controls and compliance throughout the organization
Regional Compliance
- Stay abreast of regulatory changes and industry trends impacting the insurance sector within the Asia and Pacific regions
- Actively liaise with subject matter experts (internal and external) to ensure compliance with regional regulations and Lockton policies and procedures, providing guidance to business units on adherence to relevant standards
Qualifications and Experience
- Fully qualified ACCA/ ACA
- Minimum of 3 years of post-qualified relevant professional audit/ finance experience (this can include some years of audit related experienced within a big four or large Insurance broking internal audit function)
- Experience in managing audit teams
- Strong understanding of the principles and application of good corporate governance, business and operational risk and control processes and procedures
- Strong knowledge of assurance and audit procedures, including risk driven audit planning techniques and methods used to examine, verify and analyse business and financial operations, information, records, statements and reports, and the requirements of the Standards for the Professional Practice of Internal Auditing
- Strong knowledge of the principles, procedures and techniques of accounting, and of financial records and transactions
- Good knowledge of the principles of information technology to conduct assurance activities related to the General computer environment and application controls
- Experience in data analytics applied to auditing
- Advanced working knowledge of Microsoft products (Word, Excel, Outlook) or similar software applications
- Knowledge of additional regional language is desirable (Mandarin, Cantonese, etc) to communicate with stakeholders in China and Hong Kong
Group Competencies
- Excellent analytical and problem-solving skills, including research and investigation.
- Excellent decision-making skills with keen attention to detail
- Exceptional communication (verbal and written) and interpersonal skills, with the ability to influence and collaborate across all levels of the organization and different cultural backgrounds
- Excellent audit execution skills to deliver end to end assignments on a solo basis
- Strong ability to effectively manage time and resources, prioritise and ensure that deadlines are met without compromising quality and within budget
- Advanced presentation skills in both preparation and execution
- Advanced Professional and tactful negotiation and persuasion skills to achieve objectives
- Willingness and ability to continue to develop knowledge of products and related issues through formal and informal learning, both internal and external to the company
- Proven track record of driving process improvement, managing complex projects, and delivering high-quality results in a dynamic environment
- Protects the confidentiality of information learned by performing position duties
- Ability to travel internationally as needed to fulfil regional audit responsibilities
