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Head of Internal Audit

Argo Group
United Statesfull_timeVerifiedPosted 16 Dec 2024

About the role

Argo Group is a leader in specialty insurance with a vibrant culture built on respect, equality, wellness and opportunity. We’re an innovative organization that’s small enough to be agile and big enough to make a difference in our industry.  

Our collaborative workplace is continuously evolving to ensure all employees feel: 

  • Comfortable bringing their whole selves to work. 
  • Confident that they will be treated respectfully. 
  • Recognized for their performance and provided with equal opportunities to succeed. 

At Argo, skill meets opportunity. If you’re wired to raise your hand and ask, “Where can I help?”, you’ll thrive with us. 

Argo Group International Holdings, Inc. (“Argo” or the “Company”) is a wholly owned subsidiary of Brookfield Wealth Solutions, Ltd. (“BWS”), a New York and Toronto-listed public company.

 

Argo, with over $8 billion of assets on its balance sheet, is a leading underwriter of specialty insurance products in the property and casualty (P&C) market, working with independent agents, wholesale brokers, and retail brokerage partners to deliver collaborative solutions for niche markets.

 

BWS is a leading wealth solutions provider, focused on securing the financial futures of individuals and institutions through a range of wealth protection and retirement services, and tailored capital solutions. BWS is backed by Brookfield Corporation, a leading global investment firm whose asset management business manages more than $1 trillion in assets as of September 30, 2024.

 

Overview of Role

Under the supervision of BWS’s Senior Vice President of Internal Audit, the Argo Head of Audit will lead the delivery of audit, advisory, internal control over financial reporting (ICFR), and conduct & ethics services for Argo, working closely with Argo senior leadership and Brookfield Internal Audit.

 

This is an in-office role based in New York City, Chicago, or Omaha. The Argo Head of Audit will report functionally to Argo’s Audit Committee Chair and will be responsible for overseeing a team of professionals based in New York, Chicago, and San Antonio, as well as managing several outsourced service provider relationships. This individual will also play an important role in establishing the internal audit strategy for BWS’s broader P&C operations.

 

Internal Audit plays a critical role in providing assurance to management and the Company’s shareholder and value-add support to the senior leadership team. The Argo Head of Audit is expected to bring a vision of dynamic leadership to the organization, staying on top of new and emerging risks and developing innovative approaches to assess and mitigate risks and provide assurance over processes and controls operated by the Company.

 

Key Responsibilities

Key responsibilities and priorities for the Argo Head of Audit will include, but are not limited to, the following:

 

1. Develop and lead the execution of the risk-based internal audit plan considering strategic, financial, operational and compliance objectives for the Company and BWS.

  • Regularly evaluate and update the risk and control assessment, staying informed of new and emerging risks as well as key control issues, trends and developments.
  • Organize and oversee audit planning, resource allocation, budgeting and engagement fieldwork.
  • Review engagement files and reports, ensuring compliance with BWS Internal Audit’s standards.
  • Assess and periodically report on remediation of audit findings.

 

2. Enhance the Argo internal audit function and support the build out of BWS’s P&C audit function.

  • Assess the existing resourcing model and determine if changes are required to carry out responsibilities effectively and efficiently.
  • Strategically staff the function to ensure the right mix of skills to successfully execute the plans.
  • Manage the audit team, focusing on training and development, performance assessments and offering growth opportunities.
  • Build strong professional relationships with Argo senior leadership and provide value-add support.

 

3. Present regular updates to the Audit Committee of the Board of Directors of Argo and contribute materials for the quarterly BWS Board and Audit Committee reports.

 

4. Oversee the Company’s Internal Controls over Financial Reporting (ICFR) Program to comply with relevant SEC and statutory filing requirements as well as BWS’s Sarbanes-Oxley (SOX) Program.

 

5. Plan and supervise management assurance, advisory and strategic projects to support the Compan

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Company

Argo Group

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