Director, Internal Audit Actuarial and Risk

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Location: We support US flexible working arrangements in the contiguous 48 states.  

At Sun Life, we look for optimistic people who want to make life brighter for our Clients. We understand the value of diverse cultures, perspectives, and identities, and want you to bring your full and authentic self to work. Every day, you’ll be empowered and challenged by working with dynamic colleagues to find new and innovative ways to make Sun Life the best benefits company in America. 

The opportunity:

Our team members are important to us, and we understand that each person’s needs and circumstances are unique. At Sun Life (SL) we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.  In addition, Internal Audit fully participates in, and supports, Sun Life’s quinquennial sabbatical program where, starting with your 5th work anniversary and repeating every five years after, you can take a 3–6-week sabbatical that includes an additional paid week off added to your allotted vacation time.

Internal Audit contributes to Sun Life’s success by creating value through partnership, advisory and objective assurance. This role reports to the AVP, Internal Audit leading the Professional Practices Group for Internal Audit globally.  The incumbent is a risk and actuarial subject matter expert that is responsible for guiding the North American actuarial audit team on actuarial matters and the global audit team on consistent risk-based guidance and approaches where relevant.  The Director, Internal Audit Actuarial and Risk is an individual contributor role that will be supported in their mandate by various team members from time to time across the global audit team. 

How you will contribute:

Actuarial Focus

• Provide subject matter expertise on actuarial matters in North America, supporting the audit teams in completing their risk assessments and audits.
• Provide subject matter expertise and informing the approach to assessing risk and executing on thematic actuarial audits across the global audit teams to ensure consistency in approach where appropriate.
• Provide expertise and leadership in discussions of risk assessment and audit findings with the clients in the business as appropriate for actuarial reviews.
• Support the continuous improvement of the audit teams’ understanding of actuarial concepts and the risks inherent in insurance products through training efforts.
• Monitor results for all actuarial processes selected for continuous audit/continuous monitoring.
• Participate in audits as required for North America actuarial processes.
• Actively participate in meetings with clients to help support a common understanding of risks inherent in the business process being audited as well as support clear communication of any recommendations for control improvement resulting from audit work.

Risk Focus

• Lead the approach to dynamic risk assessment through participation in global risk discussions and issue management that can be translated to audit implications and considered by the audit teams in a pro-active way.
• Collaborate across Internal Audit on risk topics and audit approaches.
• Provide guidance and challenge on risk related aspects of audit methodology and thematic reviews.
• Increase risk awareness across the department to help guide consistent risk-based audit work.
• Maintain a risk repository that supports on demand risk data to inform audit work.
• Take on a leadership role in contribution of teams’ continuous improvement and performance and reinforce internal audit purpose and risk assessment best practices.  
• Deliver on the role of the department’s Operational Risk Officer (ORO) and Business Unit Compliance Officer (BUCO).

General

• Develop and leverage relationships with key leaders, including the first- and second-line leaders relevant to the mandate.
• Maintain knowledge and skills by staying current with developments in audit practice and the insurance industry.