Assistant Manager Internal Audit

MSIG Malaysia; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

MSIG Malaysia is seeking an experienced Internal Auditor to join our Internal Audit team. The role conducts risk-based operational audits across general insurance functions and supports investigations into misconduct or irregularities with confidentiality and integrity.

The position requires hands-on experience in internal audit or related fields, strong analytical and report-writing skills, and the ability to engage stakeholders while upholding independence and objectivity.

Qualifications

• Bachelor's degree in accounting, Finance, Business, Law, Risk Management or related field.
• Professional certifications such as CIA, CFE, ACCA, CPA, CA, CISA, ANZIIF, ACII are preferred.
• Minimum 3 years of relevant internal audit, compliance or investigations experience.

Responsibilities

• Plan and execute risk-based audits across underwriting, claims, reinsurance, finance, distribution and other functions.
• Assess governance, risk management and internal control frameworks.
• Evaluate compliance with Bank Negara Malaysia requirements and internal policies.
• Utilize data analytics and technology-assisted audit techniques to identify risks and control gaps.
• Prepare clear, evidence-based audit reports and monitor implementation of management actions.
• Support or lead investigations involving misconduct, irregularities, or sensitive matters.
• Coordinate audit meetings and engage effectively with stakeholders while maintaining independence.

Skills

Risk-based auditing

Internal controls

Governance & compliance

Analytical skills

Investigation & report writing

Stakeholder management

Confidentiality & integrity

Education

Bachelor's degree in accounting/finance/business/law

CIA / CFE / ACCA / CPA / CA / CISA / ANZIIF / ACII or equivalent

Job description

We are seeking a highly motivated and detail-oriented professional to join our Internal Audit team. The role is responsible for conducting risk-based operational audits across the Company's general insurance operations and supporting independent investigations involving suspected misconduct, irregularities, or other sensitive matters.

Key Responsibilities:

Operational Audit

• Plan and execute risk-based audits across underwriting, claims, reinsurance, finance, distribution, agency management, and other business functions.
• Assess the adequacy and effectiveness of governance, risk management, and internal control frameworks.
• Evaluate compliance with Bank Negara Malaysia requirements, applicable regulations, and internal policies.
• Utilize data analytics and technology-assisted audit techniques to identify risks, anomalies, and control gaps.
• Prepare clear, concise, and evidence-based audit reports.
• Monitor and validate implementation of agreed management actions.
• Escalate significant control weaknesses, non-compliance issues, and emerging risks.

Investigations & Independent Fact-Finding

• Support or lead investigations involving suspected misconduct, irregularities, fraud, whistleblowing matters, and other sensitive issues.
• Conduct interviews, review documents and transactions, gather evidence, and perform root-cause analysis.
• Prepare objective, evidence-based investigation reports for Management and the Board Audit Committee where applicable.
• Maintain strict confidentiality and integrity in handling sensitive information.

Stakeholder & Team Management

• Coordinate audit meetings and engage effectively with business stakeholders.
• Build professional relationships while maintaining audit independence and objectivity.
• Keep abreast of industry and regulatory developments.
• Contribute to audit methodology improvements, data analytics initiatives, and quality assurance activities.
• For Assistant Manager level, lead audit engagements, review team members' work, and provide coaching and guidance.

Requirements:

Qualifications

• Bachelor's degree in accounting, Finance, Business, Law, Risk Management, Information Systems, or a related discipline.
• Professional certifications such as CIA, CFE, ACCA, CPA, CA, CISA, ANZIIF, ACII, or equivalent are preferred.

Experience

• Minimum 3 years of relevant experience in Internal Audit, External Audit, Compliance, Investigations, Forensic Accounting, or related fields.
• Hands-on operational audit experience is required, preferably within General Insurance or Financial Services.
• Experience in investigations, misconduct reviews, or whistleblowing matters is an added advantage.
• Candidates applying for Assistant Manager level should possess experience leading assignments and mentoring junior team members.
• Exposure to data analytics and technology-assisted auditing is highly desirable.

Knowledge & Skills

• Strong understanding of risk-based auditing, internal controls, governance, risk management, and compliance.
• Knowledge of General Insurance operations, including underwriting, claims, reinsurance, distribution, and finance.
• Familiarity with Bank Negara Malaysia regulations and industry requirements.
• Strong analytical, critical thinking, investigation, and report-writing skills.
• Excellent communication, stakeholder management, and interpersonal skills.
• High level of integrity, professionalism, objectivity, and confidentiality.