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Purpose:

Assists the GwIA Senior Management Team in providing the Local Business Unit (LBU) Board and Management assurance on company's internal controls and identifying opportunities for improvement over all aspects of the business.

Job Scope:

A member of the internal audit resource pool, responsible for:

• Assisting to develop and continuously review the half-yearly risk based audit plan for Prudential, aligned to LBU strategy
• Lead or support in delivering the assigned audit which includes entire audit process from planning to issue assurance and closure
• 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:

• Manage the delivery of a portfolio of audit assignments and deliver good quality audit assignments, in line with GwIA audit methodology, Group requirements and standards, resulting in accurate and complete identification of issues
• Take responsibility of audit assignment execution and demonstrate good project management skill when planning, which includes resource allocations and scheduling, communicate objectives to key stakeholders, identify focus areas, formulate review strategies and the audits are delivered on time
• 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
• Manage a team of auditors on an assignment basis, with responsibility for coaching and mentoring individuals and providing feedback on performance following completion of each assignment
• Seeks opportunities to increase the use of data analytics testing by adding new tests to the data analytics library
• Continuous monitoring of emerging risks and key changes to the businesses
• Assist in the development of the risk based audit plan in consultation with other auditors and business management, are aligned with audit and company's strategies

• 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 with all GwIA senior management team
• Routinely engages and meets business stakeholders as part of GwIA continuous monitoring activities
• To promote GwIA and the service it provides by building strong and effective working relationships with senior management, other staff and external auditors

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 as required), on the status of the audit plan, audit results and issues status

Core Competences Required:

• When assigned as audit lead or technical expert, serve as a 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 team's objectives
• Seek industry / specialist training and stay informed about new developments

Education and Experience:

• Post Qualification - at least 5 years' experience in Actuarial or Financial Risk Management, and additional experience in an IA and/or second line role is an advantage.
• Recognised Actuarial Qualification (FSA, FFA, FIA or equivalent) will be advantageous
• 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 (e.g. helped automate a certain manual process / delivered an automated dashboard for more efficient risk identification etc.)
• Good understanding of the local regulations
• Possesses good verbal and written communication skills
• Demonstrable experience of influencing and challenging senior management and building excellent relationships
• Track record of producing value-adding, commercially realistic recommendations in risk, consultancy or internal audit environment
• Leading edge risk management knowledge and expertise
• Relevant industry experience
• High attention to detail and rigorous 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.