Head of Internal Audit at Allianz Global Corporate & Specialty SE

Singapore, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

15 Feb, 26

Salary

0.0

Posted On

17 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Audit Certification, Management Skills, Business Acumen, Consulting Skills, Analytical Skills, Negotiation Skills, English Communication Skills, Audit Methodology, Risk Assessment, Internal Control System, Stakeholder Management, Insurance Industry Experience, External Audit Experience, IT Audit Skills, Actuarial Audit Skills, Regulatory Compliance, TeamMate+

Industry

Financial Services

Description

Entity: Allianz Insurance Singapore Within a span of just four years, Allianz Insurance Singapore (AIS) has emerged as the fastest-growing General Insurance company, achieving an unprecedented level of success. Since its inception in Singapore, AIS has consistently doubled its revenue year on year, a testament to its unwavering dedication to excellence. AIS takes great pride in being certified as a Great Place to Work, a reflection of our commitment to fostering a thriving and employee-driven business culture Description: The Head of Internal Audit reports directly to the CEO of Allianz Insurance Singapore and supports the Regional and Global Head of Audit by driving and implementing the global strategic change program for the Audit function of the Allianz Group to ensure a development of the function in line with legal requirements, the renewal agenda and changing business environment. According to regulatory requirements Internal Audit is a "key function" and the position holder is considered a "key function member" in line with the fit and proper policy. Key Responsibility Areas: Implementation of Group Audit Policy and Standard: Adopt and implement Group audit policies and standards. Audit Universe and Planning: Updates the OE Audit universe (list of audit objects) and ensures adequate risk-based audit coverage in line with SII requirements. Performs the annual planning and resource allocation to ensure satisfactory coverage of the risk-universe within a 5-year audit cycle. Execution of the Audit Plan: Perform and manage audits from planning to report issuance. Act as trusted business partner to the executive management team. Ensure completion of audit assignments to provide independent, objective assurance. Reporting: Regular reporting to Regional and Group Audit, Audit Committee (Board of Management) and regulators. Is responsible for Follow-Up on audit findings and monitor the Follow up status Usage of Global Audit Tools: Ensure sufficient, reliable, relevant and useful information to support the engagement results and conclusions. Work shall be evidenced through documented and structured working papers and supported through the use of the global audit tool “TeamMate+”. Relationship Management: Key counterpart to Group Audit and Regional Internal Audit function. Interact with external auditors and represent the company towards external stakeholders and regulators. Intensive exchange with sister functions (Risk, Legal, Compliance) regarding regulatory required alignment of key function processes and reporting as well as to discuss and ensure comprehensiveness and completeness of IA risk assessment. Advises management on questions related to the internal control system Capabilities and Qualifications: University degree in economics, accounting, business administration, mathematics or equivalent Audit certification (CIA, CFA, CISA) will be an advantage 8-10 years professional experience gained in external audit/ internal audit or consulting environment IT or Actuarial audit skills desirable but not mandatory Experience in Insurance, Banking or Service/Assistance industries required Proven management skills for audit planning Strong business acumen, consulting skills and understanding of processes from a strategic point of view Strong understanding of Audit Methodology and audit concepts Ability to negotiate and influence key stakeholders (Board of Directors, Senior Management) Strong Analytical and Negotiation skills Excellent English communication skills (verbal and written) Any AI-future skills e.g., ChatGPT, or CoPilot 365, will be an advantage to all job roles 82240 | Audit | Management | Non-Executive | Allianz Singapore | Full-Time | Permanent Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. Join us. Let's care for tomorrow.

Responsibilities

The Head of Internal Audit is responsible for implementing the Group Audit Policy and ensuring adequate risk-based audit coverage. This role involves managing audits from planning to report issuance and acting as a trusted business partner to the executive management team.