Assistant Manager, Internal Audit

Income Insurance Limited; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

Income Insurance Limited in Singapore seeks an experienced internal auditor to plan and lead internal audit projects per the risk-based Audit Plan, including engagements, control design and testing, and reporting. You will collaborate with 1st and 2nd line of defence, manage remediation, and supervise third-party audit support while engaging senior management.

The role requires a degree in accounting/finance (or ACA/ACCA), 5+ years of audit experience in financial sectors, and strong

Qualifications

• Minimum 5 years of audit working experience
• Good written and verbal communication skills
• Collaborator and team player with analytical thinking and sound judgement
• Highly organized and able to work under tight timelines and pressure

Responsibilities

• Plan and lead internal audit projects as defined in the risk-based Audit Plan
• Plan individual audit engagements, design and test controls, present findings, write reports and follow up on remediation
• Ensure audits are completed timely following industry standards and regulatory requirements
• Evaluate internal control design and operating effectiveness, and manage remediation activities
• Communicate root causes, risks, and recommendations to improve business processes
• Build relationships with 1st and 2nd line of defence to identify risks and manage controls
• Manage 3rd party audit support teams and resources
• Participate in major business initiatives and advise on change initiatives

Skills

Audit experience

Communication skills

Analytical thinking

Collaboration

Education

Degree in Accountancy, Business or finance related field

Job description

About the role

You will be involved in planning and leading internal audit projects as defined in the risk-based Audit Plan. This will include planning the individual audit engagement, designing and testing the control, presenting the audit findings, writing the audit reports and follow-up on remediation.

Key responsibilities

• Ensure that audits are completed in a timely and efficient manner in accordance with standards established by industry best practices and the relevant risk and regulatory environment

• Evaluate internal control design and operating effectiveness, adherence to sales advisory process and manage remediation activities

• Communicate root causes of identified issues, associated risks, on the current and future business model and operating environment and include recommendations and action plans for improvements in business processes

• Build strong relationship with 1st and 2nd line of defence to identify potential red flags and ensure that insights to emerging risk and controls are identified and managed

• Manage 3rd party audit support team/ resources where applicable

• Participate in major business initiatives, and pro-actively advise and assist the business on change initiatives

About you

• Degree in Accountancy, Business or finance related field or recognized professional qualification i.e. Association of Chartered Accountants (ACA), Association of Chartered Certified Accountants (ACCA)

• Minimum 5 years of audit working experience and above

• Prior experiences in internal or external audits in financial sectors (including sales advisory process, insurance and investment) and/or with data analytics experience

• Good knowledge of internal audit methodologies, audit projects management including agile auditing, risks and controls

• Good written and verbal communication skills, and able to engage senior management

• Collaborator and team player who is motivated, demonstrate analytical thinking, has sound judgement and detailed oriented

• Highly organized, focused and able to work under tight timelines and pressure