Primary Details

Time Type: Full time

Worker Type: Employee

The Opportunity: The Senior Internal Auditor role is expected to lead internal audits end-to-end, ensuring that key deliverables and milestones are achieved. They are expected to perform risk assessment and controls testing and contribute towards the completion of the work program and drafting of audit reports.

• Location: New York City (55 Water Street, NYC)

• Work Arrangement: This role is hybrid, where you will be expected to be in the office 2-3 days per week  

• The salary range for this role is between $125,000.00 and $188,000.00

Primary Responsibilities:

Audit Execution

• Lead audit engagements, developing timetables, engaging stakeholders, and coordinating the key deliverables.

• Ensure audits are conducted in compliance with the Group Audit Manual, to a high standard and within deadlines.

• Proactively gather information, assess risks and develop Audit Work Programs.

• Test and conclude on the design and effectiveness of mitigating controls.

• Use approved tools (TM+ audit application, templates, sampling methodology, data analytics) for conducting and documenting work.

• Communicate audit findings and work with management to address control deficiencies, recommend remediation plans and monitor management actions.

• Draft issues and observations in accordance with GIA methodology and reporting requirements for inclusion in the audit report.

• Support the adoption of best practices and new initiatives to improve efficiency and effectiveness of the team, coaching junior team members where necessary.

• Perform complex audits and reviews that require experienced staff.

GIA Strategy and Initiatives

• Understand and support implementation of GIA strategy.

• Actively participate in Internal Audit’s Centre of Excellence programmes, such as underwriting, claims, ESG, data analytics, risk culture.

Stakeholder Management

• Build and maintain effective ongoing working relationships with the business.

• Handle diverse viewpoints professionally, consulting with GIA management as appropriate.

• Monitor feedback during audits and respond appropriately.

Self and Team

• Actively seek feedback and take ownership of personal career development.

• Coach and guide junior staff.

• Support the onboarding process for new team members to ensure smooth integration.

• Contribute to a positive work environment, by demonstrating the QBE DNA.

Work Experience:

Necessary Work Experience includes:

• Moderate relevant experience in insurance or assurance (audit/risk management).

Preferred Work Experience includes:

• Proven experience in leading internal or external audits of financial and operational controls within the insurance or the financial services sector.

• Awareness of Institute of Internal Audit’s Global Internal Audit Standards.

• Good understanding of business structures, functions, key processes, risks and controls to enable review, assessment, testing and identification of any efficiency and/or effectiveness recommendations.

• Demonstrate sound knowledge and understanding of GIA methodology, processes and requirements, and relevant standards and regulatory requirements in the conduct of assigned work.

• Fundamental knowledge of risk and internal control concepts and experience in applying them to plan, perform, and report on the evaluation of business functions processes, risks and controls.

• Working knowledge of computer systems and software.

Required Qualifications:

Education:  Bachelor's Degree or equivalent combination of education and work experience. Post graduate qualification in audit, insurance, risk management or related area.

Experience:  Proven experience in leading internal or external audits of financial and operational controls within the insurance or the financial services sector.

Experience:  Minimum 3-5 years of experience in insurance or assurance (audit/risk management).

Licenses/Certifications: CIA, CPA,