Director, Audit
3 months ago
• Provide Prudential Group as well as relevant LBU senior management with quality and independent assurance opinions over internal control systems of the businesses through audit review, identification of in-depth audit observations and support the business in its remediation of the identified control weaknesses over Actuarial and Financial Risk.
• Provide insightful and impactful forward looking views, including identification of emerging risks and control themes to senior management and the various governance forum, specifically the audit committee, on an on-going basis.
• Support the business in achieving its objectives by providing internal control assessment / improvement through audit work and recommendation for remediation plans for the risks identified.
• Support the Group Audit Director in his / her assessment of the overall risk management environment across the Prudential Group.
• Provide leadership and act as role model for the GwIA teams across the region and support talent development and retention of staff members.
Job Scope:
A senior member of the Audit team, responsible for:
- Assisting the GCIA in developing and continuously reviewing on a periodic basis risk based audit plan across the Prudential Group and, aligned to Group strategy.
- Managing the delivery of a portfolio of audits within designated areas of responsibility (Actuarial and Financial Risks functional SME areas) in line with agreed annual audit plan, continuously reviewing to ensure alignment between audit strategy and business strategy.
- Other GwIA driven initiatives
Principal accountabilities:
To provide value adding contribution to audit reviews of processes, controls and systems, within Prudential and across the other business units in the Group as required:
Project/Audit Execution:
- Help to construct the annual audit plan in consultation with their colleagues and business line management. Clear articulation of specialist audit and resource needs to deliver the annual audit plan provided to Technical Leads
- Responsible individually and collectively for the scheduling of the resources of the Audit Plan. Ongoing liaison with the GwIA Practice Team to ensure effective management of the GwIA resource plan
- Oversee and manage the delivery of a large portfolio of audit assignments within designated areas of responsibility (Actuarial and Financial Risks functional SME areas) in line with the approved audit plan. This includes responsibility to:
- Guide, review and approve work carried out on audit assignments to ensure the scope of work is appropriate, controls are correctly identified, assessed and carried out in accordance with GwIA Methodology, policies, professional standards and budget.
- Deliver a view on the effectiveness and adequacy of risk management and controls to Group Audit Directors and to senior and executive management.
- Contribute to clear and insightful committee reporting, audit reporting and propose pragmatic remediation actions, relevant to the issues raised by GwIA.
- Bring to the attention of the Group Audit Directors and executive management control and risk management issues, weaknesses or irregularities of material significance in the existence of application of controls.
- Set the standard for quality reporting.
- Update awareness of risk issues and changes across relevant business areas. Use this knowledge to input to audit strategy and direction.
- Promote a culture of efficiency through use of expert knowledge to focus audit plan and to support GwIA strategic direction.
- Build a deep understanding of the strategy of each LBU within the Group which may impact, including social / economic / technological trends in all client and customer groups
- Support the audit lead responsible for discussing the audit report and findings with senior line management and for ensuring that appropriate responses are obtained for each issue raised in the report.
- Ensuring a post audit review is conducted at the end of each audit assignment in line with the GwIA audit methodology.
- Execute the audits in the approved audit plan including risk assessment and control management over operations' effectiveness and compliance with all applicable standards and regulations
- Understand the business, risk and controls through information gathered on the audit scope area, involvement in walkthroughs and discussions with management
- Review the adequacy and efficiency of the controls in place via review of documented procedures and conducting audit testing
- Working papers are documented properly in accordance with GwIA Audit Methodology and approved within the established deadline
- Responsible for discussing the audit report and findings with senior management and ensuring that appropriate responses are obtained for each issue raised in the report, including demonstration of good conflict management skill and remaining professional when criticised
- Draft internal audit report for discussion with GwIA management and auditee management, including display of good and concise presentation of issues/risks
- Monitor progress and adequacy of actions taken to rectify and close out audit issues
- Promote a team effort approach and shows appreciation for contributions of team members creating a positive work climate
- Develop within a team of auditors the ability to develop and execute a comprehensive data analytic test plan for audits
- Seeks opportunities to increase the use of data analytics testing by encouraging their teams to add new tests to the data analytics library, and actively encourages the use of data analytics to improve the controls of the second line
- Perform continuous monitoring of emerging risks and key changes to the businesses
- Construct and continuously review the risk based audit plan in consultation with other auditors and business management, are aligned with audit and company's strategies and covers all major risks the business faces
- Take a lead role in shaping the on-going development of the internal control processes through disseminating best practices
- Oversee effective and efficient use of the team's resources and budget.
- Through participation in the GwIA Management Team, supporting the execution of a range of continuous improvement, administrative and reporting activities needed to meet GwIA stakeholder requirements.
- Provide Actuarial and Financial Risk technical expertise and support to the local BU audit teams to deliver a relevant and consistent output.
- Input to ad-hoc investigations based on requests from the Group Audit Committee and/or the regulator.
Self-Development:
- Keeps abreast of new information and developments in the industry or best practices in auditing (e.g., by reading, liaising with organization and business core group contacts, or by attending learning and training events)
Relationship Management:
- Maintains good working relationships and build mutual trust with the GwIA management team including functional Group Audit Directors and their teams to facilitate audit activities
- Represent GwIA in management of key stakeholder relationships
- Routinely engages and meets business stakeholder as part of GwIA continuous monitoring activities
- Display strong team-working skills to support the broader audit function by leveraging knowledge to the best use of the group, while at the same time demonstrating cultural sensitivity.
- To promote GwIA and the service it provides by building strong and effective working relationships with senior and executive stakeholders, other staff and external auditors; and, by so doing, influence business strategy and policy, working practices and standards by providing insight, challenge and thought leadership. In some cases this may include representation of GwIA at project, risk and governance forums/committees.
Reporting and Management Information
- As part of proactive planning or at the request of the GwIA Management, prepare the internal audit reports and papers for Board and Management committee reporting (and participate in such meetings required), on the status of the audit plan, audit results and issues status
Staff Management and Leadership:
- Provide leadership and act as role model for the GwIA teams across the region and support talent development and retention of staff members
- Support the Group Audit Directors in ensuring that all responsibilities are fully met, including contributing to the management of the audit function as a member of the GwIA Management Team, including the development / maintenance of subject matter expertise aligned to Prudential Group's current and emerging risks.
- Lead, manage, motivate and inspire a team of specialists auditors at various audit levels within a matrix structure - including performance management, coaching, mentoring in order to support GwIA in delivering its strategy.
- Embed performance culture while encouraging staff to achieve their full potential in their chosen areas of development.
- Contribute to the development of GwIA audit methodology and working practices in line with world-class practice using existing developed network and benchmarking within the Financial Services Internal Audit profession.
Technical accountabilities:
- Identify and assess key risks and issues facing global insurance organisations, and the underlying operational drivers.
- Develop internal forums to share technical knowledge and increase awareness to emerging Actuarial and Financial Risk across the organisation. This will include building successful and effective working relationships with the global GwIA community to discuss market trends and the level of risk exposure.
- Provide technical updates to internal audit teams when required in area of specialism.
Core Competences Required:
- When providing audit oversight or acting as a technical expert, serve as an Actuarial and Financial Risk technical advisor and role model for the auditors on audit assignment
- Undertake proactive measures to understand and respond to Senior Management and Audit Committees expectations
- Demonstrate the ability to listen, understand and respond effectively. Willing to engage in constructive conversation with others
- Work co-operatively within diverse teams, work groups and collaborate with other departments across the organization to achieve group and organizational goals
- Display self-confidence when take on responsibilities and dealing with key stakeholders
- Facilitate teamwork by contributing to team effort, sharing responsibility for team results, and exhibiting a positive attitude
- Accept ownership and responsibility, including taking on additional responsibilities to help the department's and team's objectives
- Maintain technical competencies and stay informed about new developments by attending required training and seminars.
Education and Experience:
- Post Qualification - at least 10 years experience in an Actuarial and/or second line and internal audit role, management (including staff management) experience an advantage
- An awareness of current and emerging industry risks within financial services and a clear appreciation of the regulatory environments within the industry
- Recognised Actuarial Qualification
- Data Analytics experience will be advantageous
- Apart from business-as-usual audit work, have track records of delivering impactful initiatives / products which have helped elevate the function
- Good understanding of the local regulations
- Ability to communicate (orally and written) effectively with both GwIA and business senior stakeholders including experience of influencing and challenging senior management and building excellent relationships.
- Experience in successfully managing teams as well as coaching and developing people.
- Track record of producing value-adding, commercially realistic recommendations in risk, consultancy or internal audit environment
- Leading edge risk management knowledge and expertise
- High attention to detail and rigorous logical thinking ability
- Good Team player, who can gain the professional respect of the team
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
-
Audit Director
22 hours ago
Hong Kong, Central and Western District, Hong Kong SAR China Bank Of China (Hong Kong) Limited Full timeAbout UsBank of China (Hong Kong) Limited is a leading financial institution in Hong Kong, committed to providing high-quality banking services to individuals and businesses.Job SummaryWe are seeking a highly experienced Audit Director to join our team. As an Audit Director, you will be responsible for leading the audit function and ensuring that our...
-
IT Audit Director
3 hours ago
Hong Kong, Central and Western District, Hong Kong SAR China Fubon Bank Full timeFubon Bank is seeking a highly skilled IT Audit Director to lead its IT audit function.About the RoleThis role will be responsible for establishing and maintaining effective stakeholder relationships with management, regulators, and external auditors to ensure a good understanding and sharing of information on information technology risks in the banking...
-
Audit Director in Technology Clients
22 hours ago
Hong Kong, Central and Western District, Hong Kong SAR China Classy Wheeler Limited Full timeClassy Wheeler Limited is seeking a highly skilled and experienced Audit Director to lead our Technology Clients team.Salary: Estimated salary range for this position is HKD 800,000 - HKD 1,200,000 per annum, depending on experience.About the Role:We are looking for an accomplished audit professional with extensive experience in managing audit engagements...
-
Senior IT Audit Director
3 weeks ago
Hong Kong, Central and Western District, Hong Kong SAR China Bank Of China (Hong Kong) Limited Full timeJob SummaryAs a Senior IT Audit Director at Bank of China (Hong Kong) Limited, you will be responsible for managing IT infrastructure and application audits from planning to reporting and closing of audit issues. Additionally, you will be involved in IT governance reviews and technical assessments, recommending internal control improvements. Your role will...
-
Senior Director
6 months ago
Hong Kong, Hong Kong SAR China Prudential plc Full timePrudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...
-
Associate Director
7 months ago
Hong Kong, Hong Kong SAR China AIA Full timeAt AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone. If you sound like that leader, read on. About the Role This role will provide management and the local Boards with an objective, independent assessment of the internal control systems through planning and execution of audit assignments. The...
-
Internal Audit Director
2 days ago
Hong Kong, Central and Western District, Hong Kong SAR China Classy Wheeler Limited Full timeClassy Wheeler Limited, a renowned manufacturing company in TFT and passive-display technology, is seeking an experienced Internal Audit Director to lead their internal audit team.About the RoleThe ideal candidate will be responsible for performing comprehensive financial, operational, and compliance audits, analyzing control weaknesses, and providing...
-
Executive Director, Financial Services Audit
3 hours ago
Hong Kong, Central and Western District, Hong Kong SAR China KPMG China Full timeJob Title: Executive Director, Financial Services AuditLocation: KPMG ChinaEstimated Salary:$250,000 - $350,000 per annumJob Description:Company Overview: As a leading audit practice in China and Hong Kong SAR, our Financial Services group has been growing rapidly in recent years. With a strong presence in the region, we offer a challenging and highly...
-
Audit Director
2 days ago
Hong Kong, Central and Western District, Hong Kong SAR China HSBC Full timeHSBC is seeking an experienced professional to fill the role of Audit Manager. This position will involve leading audits of global and regional global banking businesses, as well as contributing to the execution of most stages in the audit lifecycle.Main Responsibilities:Lead sections of audits focusing on global and regional Global Banking businesses, and...
-
Audit Director
2 weeks ago
Hong Kong, Central and Western District, Hong Kong SAR China Bank Of China (Hong Kong) Limited Full timeJob DescriptionBank Of China (Hong Kong) Limited is seeking a highly skilled professional to join our team as an Audit Manager/ Senior Audit Manager.About the Role:We are looking for a seasoned audit professional to lead and manage internal audit engagements in relation to Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF), Compliance and...
-
hong kong, Hong Kong SAR China Classy Wheeler Limited Full timeManager (Audit & Assurance Services, Technology Clients) Client Description Expanding consultancy and audit firm Job Description • Managing a team or assisting the engagement directors in carrying out quality audit and other assurance services to clients across various industries;• Managing all aspects of audit engagements including planning,...
-
Assistant IT Audit Manager
2 months ago
hong kong, Hong Kong SAR China Classy Wheeler Limited Full timeRenowned food & beverage group corporation Job Description Candidates with less experience will be considered as Senior IT Audit Officer. Responsibilities Conduct IT-related internal audit assignments including IT general controls, application controls, system implementation, change management, business continuity, information security, operations and...
-
Audit Manager
2 days ago
Hong Kong, Central and Western District, Hong Kong SAR China Citi Full timeRedefine Your Career with Citi's Internal Audit TeamCiti, a global banking leader, is seeking a skilled Audit Manager to join our Internal Audit team in Hong Kong. As a key member of our team, you will be responsible for delivering high-quality audits that ensure the firm's control environment, risk management, and governance practices meet the highest...
-
Executive Director of Audit and Compliance
2 days ago
Hong Kong, Central and Western District, Hong Kong SAR China AIA Full timeAbout the RoleAIA is looking for a highly skilled professional to lead our internal audit team.The successful candidate will be responsible for managing and executing audit assignments, ensuring that our internal control systems are effective and efficient.Key Responsibilities:Develop and implement the annual audit plan, considering key risks and business...
-
Hong Kong, Hong Kong SAR China JPMorgan Chase & Co. Full timeThe Regional Head of Internal Audit Practices reports to the Regional Chief Auditor with dual accountability to the Global Head of Practices. This role is a member of the Audit Leadership Team and the senior leadership team who are each direct reports to an Audit Operating Committee member. As a Regional Head of Internal Audit Practices, Executive...
-
Internal Audit Manager
6 months ago
Hong Kong, Hong Kong SAR China The Hong Kong University of Science and Technology Full timeJob Posting Details The Internal Audit Manager reports to a Senior Internal Audit Manager on project basis and overall to the Director of Internal Audit. The appointee shall be working with colleagues of the Internal Audit Office and co-sourced auditors from external auditing firms to lead or perform audits of the University’s operations, systems,...
-
Senior IT Audit Professional
22 hours ago
Hong Kong, Central and Western District, Hong Kong SAR China Classy Wheeler Limited Full timeAbout Classy Wheeler LimitedAs a renowned food & beverage group corporation, Classy Wheeler Limited is committed to excellence in all aspects of our business. We are seeking a highly skilled and experienced Technical Risk Management Specialist to join our team.Salary: HK$1,200,000 - HK$1,800,000 per annumJob Description: Conduct IT-related internal audit...
-
Executive Director of IT Governance
22 hours ago
Hong Kong, Central and Western District, Hong Kong SAR China Classy Wheeler Limited Full timeAbout Classy Wheeler LimitedWe are a dynamic and innovative company seeking an exceptional individual to join our team as Executive Director of IT Governance.Estimated Salary: $120,000 - $180,000 per annumAbout the RoleThis is a leadership position that requires a seasoned professional with extensive experience in IT audit and governance. As Executive...
-
Compliance Director
2 days ago
Hong Kong, Central and Western District, Hong Kong SAR China Prudential plc Full timeAt Prudential plc, we're committed to creating a culture of inclusion and diversity, where our people can thrive and make a meaningful impact. Our purpose is to be partners for every life and protectors for every future. We're looking for a talented individual to join our team as a Compliance Director to support our Director, Distribution Compliance and...
-
Hong Kong, Hong Kong SAR China Citi Full timeJob Description Whether you're at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you'll have the opportunity to expand your skills and make a difference at one of the world's most global banks. We're fully committed to supporting your growth and development from the start with extensive on-the-job...
