Key Responsibilities:

Internal Audit Strategy & Leadership:

- Develop and execute a risk-based internal audit strategy aligned with organizational objectives.

- Prepare and present the annual audit plan to the Audit Committee for approval.

- Lead and manage all internal audit activities across business functions and geographies.

- Ensure adherence to professional auditing standards and regulatory requirements.

- Build and mentor a high-performing audit team.

Risk Assessment & Governance:

- Conduct enterprise-wide risk assessments to identify key strategic, operational, financial, compliance, and technology risks.

- Evaluate the effectiveness of governance frameworks and risk management processes.

- Provide insights and recommendations to strengthen internal controls and risk mitigation practices.

- Support the organization's risk and compliance culture.

Audit Execution:

- Oversee operational, financial, compliance, IT, underwriting, claims, actuarial, distribution, and regulatory audits.

- Review audit findings, root cause analyses, and remediation plans.

- Ensure timely completion of audits and communication of results to management and the Audit Committee.

- Monitor implementation of audit recommendations and corrective actions.

Regulatory Compliance & Insurance Controls:

- Assess compliance with insurance regulations, corporate governance requirements, and internal policies.

- Evaluate controls surrounding underwriting, policy administration, claims management, reinsurance, investments, and financial reporting.

- Coordinate with regulators, external auditors, and compliance teams as required.

- Stay informed about evolving regulatory developments impacting the insurance sector.

Fraud Risk & Investigations:

- Lead fraud risk assessments and investigations when required.

- Evaluate anti-fraud controls and detection mechanisms.

- Recommend enhancements to strengthen fraud prevention and monitoring capabilities.

Technology & Data Risk Audits:

- Assess IT governance, cybersecurity controls, data privacy, business continuity, and digital transformation initiatives.

- Evaluate risks associated with core insurance systems, digital channels, and third-party service providers.

- Promote data-driven auditing and continuous monitoring techniques.

Stakeholder Management & Reporting:

- Present audit findings and risk insights to senior leadership and the Audit Committee.

- Build strong relationships with business leaders while maintaining audit independence.

- Prepare clear, concise, and actionable audit reports.

- Act as a trusted advisor on governance, risk, and control matters.

Qualifications:

- Bachelor's degree in Accounting, Finance, Business, Risk Management, or related discipline.

- CA, CPA, CIA, CISA, ACCA, CMA, or equivalent professional qualification preferred.

- MBA or advanced qualification is an advantage.

Experience:

- 12 - 18+ years of experience in Internal Audit, Risk Management, Compliance, External Audit, or Assurance functions.

- Significant experience within Life Insurance, General Insurance, Health Insurance, Reinsurance, or Financial Services.

- Proven experience leading audit teams and interacting with senior executives, regulators, and board committees.

- Strong understanding of insurance operations, underwriting, claims, actuarial processes, and regulatory frameworks.