The Opportunity
The Head of Internal Audit is responsible for setting and maintaining the divisional risk-based annual audit plan and leading the divisional audit team in its execution. Alongside other Heads of Internal Audit, they are responsible for leading the delivery of the GIA Strategy.
Primary Responsibilities
• Drive comprehensive internal audit approach for area of responsibility by developing team structure, defining team objectives and implementing an audit communication plan to ensure effective audit preparation and alignment with organizational and regulatory standards
• Provide oversight to the pre-audit processes by guiding and overseeing team preparation for upcoming audits to ensure preparedness for external assessments and compliance with audit requirements
• Inform senior management of potential risk by establishing executive communication, governance and reporting protocols to develop and share inventory of open audit issues and recommend strategies for resolution
• Build and maintain strong, effective relationships across the organization by aligning goals and objectives with Risk Management, Underwriting and the executive management board to implement collaborative approach to auditing compliance initiatives
• Foster a partnered approach to risk mitigation by partnering with business leaders to develop audit issue remediation plans and ensure corrective actions are taken in a timely and effective manner
• Monitor audit processes and team members to ensure internal audits are conducted in compliance with legal standards and approved practices, comply with legal and regulatory requirements and adhere to company standards and best practices
• Plan, allocate and manage financial budget by anticipating expenditures, accurately forecasting resource needs/costs and properly accounting for expenses to meet requirements and achieve fiscal responsibility
• Develop, implement and maintain the strategic IA framework and develop / implement other supporting requirements as considered necessary, with consideration to any regulatory developments
• Leverage and coordinate with External Auditors and Risk Management within the business
• Communicate the IA strategy to senior management, including preparation of relevant materials and conducting presentations to internal stakeholders
• Oversee the development, maintenance, documentation and implementation of key policies and procedures for the conduct of IA activities and engagements • Review, recommend and implement ongoing improvements to the internal audit methodology and available tools
• Continue to improve the audit methodology and toolset, as well as the efficiency of engagements with the business
• Develop effective ongoing liaison with external audit to maximize leverage/benefit from internal audit reviews.
• Oversee reports produced by the audit team and manage the conduct of the largest/most complex audits
• Maintain an up to date knowledge of both the internal and external audit environment
• Create effective risk-based audit timetable and plan to support the ongoing evaluation of risk management within the organization
• Develop, monitor and maintain the internal audit universe and assessment of risk profiles to ensure all key operational activities and key risks are identified and assessed in the context of the risk based audit framework
• Prepare quality reports and presentations to senior management and the relevant audit committee(s) that are clear, concise and professional
• Identify thematic issues across the organization for senior leadership attention • Effective and efficient review of audit work papers, reports and improvement plans produced by the audit team
Required Education
• Bachelor's Degree or equivalent combination of education and work experience
Required Experience
• 10+ years relevant experience
Preferred Competencies/Skills
• Identify process, operational, regulatory, and financial performance weaknesses and recommend solutions to address • Strategic planning and implementation
• Identify team performance strengths and weaknesses and implement development and staffing solutions to address performance and capacity gaps
• Risk identification and mitigation
• Use wise, astute and insightful judgment to make sound decisions
• Prioritize various competing tasks according to their urgency
• Identify opportunities for improvement
• Utilize effective communication skills to influence and persuade decision makers
• Build long-term collaborative working relationships with senior managers
• Extrapolate from limited or complex data
• Motivational, inspirational and enthusiastic approach to team leading and management
• Adapt and be flexible in a complex changing environment
• Utilize information and knowledge to take calculated risks
• Professional, polished, poised and positive demeanor
Preferred Experience
• Extensive internal audit experience
• Financial services industry experience
• Accounting experience
• Insurance industry background
• Increasing levels of responsibility
• Experience managing or leading others
Preferred Knowledge
• Advanced knowledge of internal audit principles and procedures
• Products and concepts relating to the financial services industry, including financial instruments, financial management, insurance principles, and cash and capital principles
• Products and concepts relating to the insurance industry
• Terminology, function and fundamental capabilities of common computer, software, information and communication technology devices, components, and concepts
• Principles and processes for providing customer service
• Advanced knowledge of auditing controls and testing
• Demonstrated knowledge of team structures and auditing processes that emphasize adherence to quality standards
About QBE
We can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future by helping those around us build strength and embrace change to their advantage.
We’re an international insurer that’s building momentum towards realizing our vision of becoming the most consistent and innovative risk partner.
And our people will be at the center of our success. We’re proud to work together, and encourage each other to enable resilience for our customers, our environment, our economies and our communities.
With more than 12,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.
We believe this is our moment: What if it was yours too?
Your career at QBE — let’s make it happen!
https://www.linkedin.com/company/qbe-north-america/US Only - Travel Frequency
• Frequent (approximately10+ trips annually)
US Only - Physical Demands
• General office jobs: Work is generally performed in an office environment in which there is not substantial exposure to adverse environmental conditions. Must have the ability to remain in a stationary position for extended periods of time. Must be able to operate basic office equipment including telephone, headset and computer. Incumbent must be able to lift basic office equipment up to 20 lbs.
US Only - Disclaimer
• To successfully perform this job, the individual must be able to perform each essential job responsibility satisfactorily. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential job responsibilities.
Job Type
• Manager
FAR/Fit and Proper Roles
• FAR Accountable Persons Role: This role is an Accountable Person under the Financial Accountability Regime (FAR).
Global Disclaimer
• The duties listed in this job description do not limit the assignment of work. They are not to be construed as a complete list of the duties normally to be performed in the position or those occasionally assigned outside an employee’s normal duties. Our Group Code of Ethics and Conduct addresses the responsibilities we all have at QBE to our company, to each other and to our customers, suppliers, communities and governments. It provides clear guidance to help us to make good judgement calls.
Inclusion of Diversity
At QBE, we are deeply committed to fostering an inclusive workplace where each person is valued and respected for their authentic selves. If you require any assistance, such as alternative interview accommodations during the recruitment process, please do not hesitate to inform our Talent Acquisition team.
Compensation
Base pay offered will vary depending on, but not limited to education, experience, skills, geographic location and business needs
Annual Salary Range: $217,000 - $325,000
AL, AR, AZ, CO (Remote), DE, FL, GA, IA, ID, IL (Remote), IN, KS, KY, LA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NV, OH, OK, OR, PA, SC, SD, TN, TX (Remote, Plano), UT, VA, VT, WI, WV and WY
* * * * *
Annual Salary Range: $239,000 - $358,000
CA (Remote, Fresno, Irvine and Woodland), Greenwood Village CO, CT, Chicago IL, MA, MD, NY (Remote), RI, Houston TX and WA
* * * * *
Annual Salary Range: $271,000 - $406,000
NJ and New York City NY
Benefit Highlights
You are more than your work – and QBE is more than a workplace, which is why QBE provides you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally. Employees scheduled over 30 hours a week will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health.
We also offer a competitive 401(k) contribution and a paid-time off program. In addition, our paid-family and care-giver leaves are available to support our employees and their families. Regular full-time and part-time employees will also be eligible for QBE’s annual discretionary bonus plan based on business and individual performance.
At QBE, we understand that exceptional employee benefits go beyond mere coverage and compensation. We recognize the importance of flexibility in the work environment to promote a healthy balance, and we are committed to facilitating personal and professional integration for our employees. That's why we offer the opportunity for hybrid work arrangements.
If this role necessitates a hybrid working model, candidates must be open to attending the office 8-12 days per month. This approach ensures a collaborative and supportive work environment where team members can come together to innovate and drive success.
How to Apply:
To submit your application, click "Apply" and follow the step by step process.
Equal Employment Opportunity:
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.