Director- Internal Audit (Investments)

Resolution Life•New York, NY

2d•$160,000 - $190,000•Hybrid

About The Position

The Director plays a crucial role in ensuring the effectiveness of the company's internal controls, risk management, and governance processes. This role has responsibility over a select group of Auditable Units, including risking, updating and ensuring reasonable coverage over risks identified during the Risk Assessment process. This role will have direct reports and includes coaching, quarterly goal setting and assisting in the completion of those goals. The Director will be responsible for conducting audits according to IA methodology while maintaining high levels of quality and integrity in alignment with IIA standards. Subject Matter Expertise in Investments: Serves as the Risk Business Partner to Investment Management. Provide effective challenge to investment activity in the first line. Provide thought leadership and insights that help to shape the risk environment. Maintain strong relationships and communication with local management and the Risk Committee to ensure concerns around investment risks and control issues are addressed. Identify and assess strategic risks and emerging issues that could impact the Company. Provide the Group Risk Director and Group Chief Investment Officer regular insight on the effectiveness and adequacy of risk management, control, and governance processes. Ensure investment strategies and decisions are aligned with the company’s risk appetite and objectives. Stay updated on emerging investment risks, technological advancements, changes in applicable regulatory requirements and collaborate with business partners to ensure risks are appropriately mitigated. Position Description: Drives development of industry best practices, tools and/or regulatory change relevant to role. Actively connects business stakeholders and external peers to anticipate and influence developments which may impact the business and function. Incorporates trends from other business areas and within the industry into audit planning and execution. Assist Managers in developing scope of the audit. Extensive understanding of the audit function and regulatory environment with deep specialization in multiple areas. Perform risk assessment to identify areas of significant business risk to the organization that needs to be audited. Lead and manage the team on all Investment related audits, providing guidance and support. Ensure appropriate risks and controls are identified and evaluated during audits. Develop and coach direct reports on career growth. Provide clear, concise, and value-added audit reports to key stakeholders, including recommendations for corrective actions. Lead and direct the management of change through continuous improvement of Internal Audit’s systems including the implementation of a GRC system, processes, and practices. Assist in gathering quarterly audit committee materials and ensure Board required responsibilities are accurately reflected in the materials, present the materials to the Board. Collaborate with other audit leaders to define and monitor the metrics in measuring the OKRs. Collaborate with other assurance functions.

Requirements

Minimum of 10 years of experience in audit, risk management, and/or financial services / insurance industry is preferred
Bachelor’s degree with a major/minor or emphasis in Accounting, Finance or Business and advanced degree or professional certification (CPA, CIA, etc.) are required
Proven track record in leading and managing an audit team with emphasis on leading practices in risk assessment, problem solving, and impactful reporting of audits.
Demonstrated experience with international insurance regulators and working cohesively across geographies.
Deep understanding of investment risk management principles, financial markets, investment instruments, and regulatory requirements.
Exposure to complexities in accounting and finance business processes with a thorough understanding of organizational governance, risk, and controls.
Demonstrated success leading senior professionals and developing a strong organization and workforce in a complex, service-intensive, deadline-driven environment.
Ability to persuade and motivate others through collaboration and cooperation.
Ability to demonstrate high standards of conduct and ethics as well as appropriate judgment, independence, and discretion.
Demonstrates strong analytical and problem-solving skills.
Strong knowledge of US GAAP/STAT, internal controls, business processes, and IIA standards.
Proficiency in use of audit software (ServiceNow) is a plus.
Experience with data analytics and audit automation tool is a plus.

Responsibilities

Serves as the Risk Business Partner to Investment Management.
Provide effective challenge to investment activity in the first line.
Provide thought leadership and insights that help to shape the risk environment.
Maintain strong relationships and communication with local management and the Risk Committee to ensure concerns around investment risks and control issues are addressed.
Identify and assess strategic risks and emerging issues that could impact the Company.
Provide the Group Risk Director and Group Chief Investment Officer regular insight on the effectiveness and adequacy of risk management, control, and governance processes.
Ensure investment strategies and decisions are aligned with the company’s risk appetite and objectives.
Stay updated on emerging investment risks, technological advancements, changes in applicable regulatory requirements and collaborate with business partners to ensure risks are appropriately mitigated.
Drives development of industry best practices, tools and/or regulatory change relevant to role.
Actively connects business stakeholders and external peers to anticipate and influence developments which may impact the business and function.
Incorporates trends from other business areas and within the industry into audit planning and execution.
Assist Managers in developing scope of the audit.
Perform risk assessment to identify areas of significant business risk to the organization that needs to be audited.
Lead and manage the team on all Investment related audits, providing guidance and support.
Ensure appropriate risks and controls are identified and evaluated during audits.
Develop and coach direct reports on career growth.
Provide clear, concise, and value-added audit reports to key stakeholders, including recommendations for corrective actions.
Lead and direct the management of change through continuous improvement of Internal Audit’s systems including the implementation of a GRC system, processes, and practices.
Assist in gathering quarterly audit committee materials and ensure Board required responsibilities are accurately reflected in the materials, present the materials to the Board.
Collaborate with other audit leaders to define and monitor the metrics in measuring the OKRs.
Collaborate with other assurance functions.