Manager, Internal Audit

Income Insurance Limited; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Income Insurance Limited in Singapore seeks an experienced Internal Audit professional to lead and execute audits with a focus on risk controls and process improvement.

You will develop audit plans, coordinate with stakeholders, and guide junior staff to ensure timely, compliant executions in line with industry standards and regulatory expectations.

Qualifications

• Degree in Actuarial, Finance, Accountancy or Business related field or recognized professional qualification
• Minimum 8 years of relevant working experience
• Prior experience in financial sectors (insurance/investment) and/or data analytics
• Actuarial qualifications, CIA certification or equivalent is a plus

Responsibilities

• Assist with the Annual Audit plan preparation and assessment
• Develop and communicate the audit plan, including audit objective, scope, timeline and criteria to stakeholders
• Detail the scope, roles and responsibilities to audit team members
• Plan for regular team meetings, opening and closing meetings
• Prepare and collate findings for closing meeting and inclusion in the audit report
• Lead, coach and supervise junior staff to perform audits
• Liaise with stakeholders, lead discussions and monitor fieldwork progress
• Assist and complete audits in a timely manner per standards and risk environment
• Evaluate internal control design and operating effectiveness and manage remediation activities
• Communicate root causes of issues and recommendations for improvements
• Build strong relationship with 1st and 2nd line of defence to identify red flags
• Participate in major business initiatives and advise on change initiatives

Skills

Communication skills

Team player

Analytical thinking

Detail oriented

Time management

Judgement

Education

Actuarial/Finance/Accountancy degree

CIA/CERA/ACA/ACCA

Job description

Your key accountabilities will include:

• Assist with the Annual Audit plan preparation and assessment
• Develop and communicate the audit plan, including determining the audit objective, scope, timeline and criteria to the stakeholders / Business Units, including opening meeting
• Detailing and communicating the scope, roles and responsibilities to the audit team members
• Plan for regular team meeting, opening and closing meeting
• Prepare and collate findings and / or feedback from team members for closing meeting presentation and inclusion in the audit report
• Lead, coach and supervise junior staff to perform audits
• Liaise with stakeholders, lead discussions and monitor fieldwork progress
• Assist and complete audits 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 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 1stand 2ndline of defence to identify potential red flags and ensure that insights to emerging risk and controls are identified and managed
• Participate in major business initiatives, and pro-actively advise and assist the business on change initiatives

Qualifications:

• Degree in Actuarial, Finance, Accountancy or Business related field or recognized professional qualification i.e. Associate Actuaries, Fellow Actuaries, Chartered Enterprise Risk Analyst (CERA), Association of Chartered Accountants (ACA), Association of Chartered Accountants (ACA), Association of Chartered Certified Accountants (ACCA)
• Minimum 8 years of relevant working experience
• Prior experiences in financial sectors (including insurance and investment) and/or with data analytics experience
• Candidates with Actuarial qualifications, Certified Internal Auditor (CIA) certification or equivalent will be of added advantage
• 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