Internal Audit Director

Position Summary:

The Director, Internal Audit, has overall responsibility for the Internal Audit function. The position is responsible for ensuring Internal Audit is closely aligned with industry best practices in executing the duties across the Company’s business and financial operations. He works to ensure roles, responsibilities, and results are efficiently coordinated and collectively optimizing the effectiveness of risk management, control and governance of the company.

Responsibilities:

•     Lead Internal Audit’s annual risk assessment and enterprise risk assessment and planning process to develop the audit plan and ensure the plan is responsive to and aligned with the risk profile of the organization.

·        Assists management with the development of the Company’s Own Risk Solvency Assessment report to the regulators.

·        Identifies root causes and provides management practical value-add solutions and recommendations;

·        Ability to work with external auditors.

·        Meets regularly with the Audit Committee to report on audit results and open audit issue status.

·        Participates in strategic and long-term planning for Internal Audit.

·        Manages the process to track, follow-up, and ultimately close all open audit issues, including those identified by third parties.

·        Interact regularly, educate and advise process owners on internal control requirements and potential process improvements.

·        Issues clear and concise reports, using data, technology and visualization tools to effectively communicate audits results.

·        Proactively inform senior management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.

Reports to: Chairman & CEO and Audit Committee