Senior Lead Audit Specialist (General Insurance Reviewer)

About the Job

The Senior Lead Audit Specialist reports to the Section Head. On a project engagement basis, the Senior Lead Audit Specialist is responsible to supervise and coach the audit team in planning, executing and managing the audit engagements, as well as recommending corrective actions based on best practices to improve the internal controls and operational effectiveness of GELM, GEGM, GETB and GELL.

• Understand the Internal Audit methodology prescribed in the Audit Methodology Policy, Procedure and Practice Guide and actively guide the audit team to apply it in all the assignments (audits and ad-hoc assignments such as investigation and special reviews).
• Review audit documentation prepared by the audit team such as Audit Planning Memorandum (APM), Resource Allocation Plan (RAP) and Risk, Control & Testing Strategy (RCTS), walkthrough and testing documentation, to ensure that they meet the requirements of the Internal Audit methodology.
• Ensure optimal utilisation of resources for audit, and effective and efficient execution of risk-based audits in order to meet audit deliverables timelines. Motivate audit team to ensure that audits are conducted with high quality and professionalism.
• Ensure that quality audit reports are prepared with practical, actionable and effective recommendations.
• Supervise issue tracking activities to ensure timely and adequate follow-up by the audit team and proper resolution of issues by auditees.
• Participate in training and coaching of audit team. Appraise audit team's performance in a timely manner and ascertain their development needs and actions.
• Develop extensive informal networks and maintain good working relationships with staff members at all levels of the organisation.
• Participate in the annual audit planning and risk assessment exercise.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlights any potential concerns/risks and proactively shares best risk management practices.
• Perform other duties assigned by CIA.

We are looking for people with

• Degree in Accountancy, Finance or equivalent professional qualifications such as CPA, ACCA, CFA, CIA and CISA.
• At least 12 years of relevant work experience, with 8 years in a position leading a team of professionals.
• Knowledge on best practice requirements which underpin corporate governance.
• Competencies:

a. Technical (auditor independence, business acumen, business process analysis, data collection and analysis, risk assessment, internal audit (IA) engagement execution, IA engagement planning, engagement review, conflict management, IA function management and internal controls).

b. Generic (accountability, customer orientation, decision-making, developing people, developing self, exploring possibilities and teamwork).

• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

How you succeed

• Champion and embody our Core Values in everyday tasks and interactions.

• Demonstrate high level of integrity and accountability.

• Take initiative to drive improvements and embrace change.

• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.

• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Who we are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of AA- by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.