Job Description

4 Shenton Way, SGX Center 2 , Singapore, Singapore, Singapore



Department
Internal Audit
Job posted on
Aug 16, 2022
Employee Type
Permanent - Full Time
Experience range
5 years - 10 years

Singlife with Aviva is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife with Aviva provides consumers control over their financial wellbeing at every stage of their lives. In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with Financial Advisor channels and bancassurance, Singlife with Aviva offers investment solutions through its dollarDEX and Navigator platforms. The mobile-first Singlife Account – with a Singlife Debit Card – allows customers to save, spend, earn and be insured all in one app. Singlife with Aviva was formed by the merger of Aviva Singapore and Singlife. First announced in September 2020 and valued at S$3.2 billion, it was the largest insurance deal in Singapore at the time and created one of the largest homegrown financial services companies in the republic. The Internal Audit team’s purpose is to help the Board and Executive Management to protect the assets, reputation and sustainability by providing independent and objective assurance designed to add value and improve Singlife with Aviva 's operations. This is done by assessing whether all significant risks are identified and appropriately reported and adequately managed and by challenging Executive Management to improve the effectiveness of governance, risk management and internal controls.
Role purpose
Internal Audit’s purpose is to help the Audit Committee, Board of Directors and Executive Management to protect the assets, reputation and sustainability of Singapore Life Holdings Pte. Ltd. and its subsidiaries (“Group”) by providing independent and objective assurance designed to add value and improve the company’s operations. Internal Audit (IA) does this by assessing whether all significant risks are identified and appropriately reported by management and the Risk function to the Audit Committee, Board of Directors and Executive Management; assessing whether they are adequately managed; and by challenging Executive Management to improve the effectiveness of governance, risk management and internal controls. Key Responsibilities
Audit Plan

• Support the delivery of an appropriate risk-based audit plan, based on a detailed understanding of the risks facing the business for the area of responsibility and for relevant themed reviews
• Manage audit focus through applying risk analysis skills and professional judgement to identify areas for in-depth review Contribute to identifying requirements to ensure highly specialised technical knowledge and experience is applied appropriately to audit reviews

Audit Reviews

• Lead individual or team reviews from planning to close, including appropriate scoping of audits, Manage other auditors for reviews where applicable
• Develop audit procedures with innovation and creative thinking using data analytics and automation
• Produce / deliver high quality working papers, and audit file to support the findings of the reviews assigned.
• Produce / deliver objective and concise audit reports.
• Adhere to quality control measures as per the Audit Methodology.
• Stakeholder and relationship management at a senior management level to influence the delivery of an effective controls framework.
• Own the interaction with business management for issue tracking and closure.
• Validate the remediation of major issues raised as part of audits.
• Manage individual time budgets for audits assigned

Committee reports

• Contribute to the production of reports to Internal Audits key stakeholders (e.g. Audit Committees, Risk Committees, and Board Committees etc) and through these influencing management actions to deliver a more effective control framework where appropriate.

Audit Methodology

• Ensure the appropriate application and contributing to ongoing development of the Internal Audit methodology.
• Continuous Monitoring/ Business Review Engage with business stakeholders to obtain and share insight on strategic business plans and changes, as part of audit plan assessment

Continual Improvement

• Identify areas for improvement in the operation of the business units reviewed by the audit team

Other responsibilities

• Adhere to the IA Charter and conform with the mandatory elements of the IIA’s International Professional Practices Framework
• Responsible for compliance with applicable laws and regulations relating to the above functional activities.
• Contribute to wider IA initiatives and additional designated roles if/where appropriate or assigned.
• Keep abreast of own professional development to enhance one’s skills and competence

Requirements: Experience

• 5-10 years of relevant work experience in audit or risk in financial services.
• Mature understanding of risk and controls; and relevant regulatory requirements. Knowledge of insurance industry and associated key operations/processes will be preferrable.
• Sound project management skills in leading or supporting complex technical and business reviews.
• Experience leveraging data and audit analytics to expand testing capabilities, coverage, and accuracy of testing results.
• Excellent written and verbal communication skills
• Confident in interacting and conducting discussions with senior stakeholders
• Strong collaborator with good interpersonal skills
• Works independently, self-starter and willing to assume personal responsibility and accountability
• Constantly reflecting and proactively seeking ways to address problems or make continuous process improvements

Education

• Academic: Bachelor’s degree or equivalent in related discipline
• Professional Certification(s): Professional audit or accounting qualification

Other Attributes

• Enjoys working in a dynamic, innovative and fast-paced environment, well progressed in its journey to become a digitally enabled trailblazer in helping customers achieve financial freedom effortlessly.
• Passionate about working in an environment that believes in sustainable practices that benefit everyone in the long run.

If this role sounds like an exciting next step in your Audit career, then click apply and we will be in touch!