Vertical Head - Functional Audit - Life Insurance Firm

Vertical Head - Functional Audit

Responsibilities:

- Purpose of this role is to develop and manage execution of the Audit Strategy and Plan for Functional Audits covering all the key areas across corporate, risk management and control functions in including Compliance, Risk Management Function (covering the management of various risks such as Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, Reputational risk etc.), Legal, Finance and Accounts, HR and Admin, Centralised Operations and Customer Service, Secretarial to assess adequacy and effectiveness of risk management and controls, and adherence to internal policies and procedures as well as applicable laws and regulations.

- Develop audit strategies for identification and assessment of various risks in corporate, risk management and control functions including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc., and current maturity level of controls in these functions.

- Develop audit plans based on risk assessment and regulatory framework; ensure use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives.