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Head of Internal Audit Job Opening In Singapore, Singapore – Now Hiring Allianz Insurance Singapore Pte. Ltd


Job description

Head of Internal Audit

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.

Required Skill Profession

Financial Specialists


  • Job Details

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The Work Culture

An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at Allianz Insurance Singapore Pte. Ltd adheres to the cultural norms as outlined by Expertini.

The fundamental ethical values are:

1. Independence

2. Loyalty

3. Impartiapty

4. Integrity

5. Accountabipty

6. Respect for human rights

7. Obeying Singapore laws and regulations

What Is the Average Salary Range for Head of Internal Audit Positions?

The average salary range for a varies, but the pay scale is rated "Standard" in Singapore. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.

What Are the Key Qualifications for Head of Internal Audit?

Key qualifications for Head of Internal Audit typically include Financial Specialists and a list of qualifications and expertise as mentioned in the job specification. The generic skills are mostly outlined by the . Be sure to check the specific job listing for detailed requirements and qualifications.

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Interview Tips for Head of Internal Audit Job Success

Allianz Insurance Singapore Pte. Ltd interview tips for Head of Internal Audit

Here are some tips to help you prepare for and ace your Head of Internal Audit job interview:

Before the Interview:

Research: Learn about the Allianz Insurance Singapore Pte. Ltd's mission, values, products, and the specific job requirements and get further information about

Other Openings

Practice: Prepare answers to common interview questions and rehearse using the STAR method (Situation, Task, Action, Result) to showcase your skills and experiences.

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Turn Off Phone: Avoid distractions during the interview.

Final Thought:

To prepare for your Head of Internal Audit interview at Allianz Insurance Singapore Pte. Ltd, research the company, understand the job requirements, and practice common interview questions.

Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the Allianz Insurance Singapore Pte. Ltd's products or services and be prepared to discuss how you can contribute to their success.

By following these tips, you can increase your chances of making a positive impression and landing the job!

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