The Head of Audit

Head of Audit: Non-Life Insurance SA 

Leadership and People Management

• Demonstrate The Company and IIA code of conduct values and behaviours in all aspects of work.

• Actively participate in team effectiveness sessions and the analysis of Colleague Experience Survey results.

• Promote a positive team culture and enhance employee engagement.

• Lead a team of professionals and subject matter experts, including potential line managers.

• Embed a high-performance culture and model organisational values.

• Manage and lead individuals and teams through change.

• Contribute to talent development via coaching, mentoring, and feedback.

• Encourage continuous learning and professional development within the audit team.

• Attract and retain top talent to strengthen the future audit function and skills pipeline.

Stakeholder Management

• Build and maintain strong relationships with key stakeholders, including the Non-Life Insurance SA Board, Managing Executives, Exco teams, governance committees, and regulators.

• Communicate effectively, both verbally and in writing, across all levels.

• Attend key business committees and represent audits perspective on control assessments.

• Understand client needs and align audit work to deliver value.

• Develop in-depth knowledge of The Company and apply it to assurance responsibilities.

• Drive positive stakeholder engagement to reinforce audits value.

• Support Combined Assurance efforts across the three lines of defense to enhance the control environment.

Strategic Initiatives

• Contribute to the development of a digitally enabled Internal Audit function.

• Implement a stakeholder engagement model aligned with professional, value-driven, digitally savvy principles.

• Support and contribute to the overall Internal Audit brand, positioning, and communication strategy.

Audit Delivery and Continuous Monitoring

• Deliver timely, high-quality audit and governance reports in line with methodology and quality standards.

• Maintain a risk-based internal audit plan for the Non-Life Insurance SA and Advice & Investment businesses.

• Incorporate digital tools and data analytics in audit execution and continuous auditing efforts.

• Provide clear, actionable reports to senior management, governance bodies, and regulators.

• Exhibit professional skepticism and focus on residual risk when identifying and reporting audit findings.

Knowledge Management

• Stay current on technical knowledge and industry developments.

• Track and understand changes in regulations and audit standards.

• Share best practices and guide peers to maintain high-quality audit outcomes.

• Ensure compliance with all regulatory requirements, including Prudential Authority standards.

Qualifications

Preferred Education:

• Bachelors Degree or Advanced Diploma in Business, Commerce, or Management Studies (Required)

• Relevant professional qualifications (e.g., CA, CIA, CISA)

Preferred Experience:

• 15+ years in Internal/External Audit, preferably in financial services or a Big 4 firm

• Deep industry knowledge: Banking, Insurance, Bancassurance

• Understanding of evolving financial products and applicable regulations

Knowledge and Skills

Technical Competencies:

• Insurance and Investments Industry knowledge

• Regulatory Compliance

• Commercial Acumen

• Financial Analysis

• Risk Management

• Audit Methodology

• Internal Controls

Behavioural Competencies:

• Leadership

• Stakeholder Engagement

• Influence and Negotiation

• Resilience

• Communication (verbal and written)

• Attention to Detail

Cognitive Competencies:

• Analytical Thinking

• Problem Solving

• Strategic Thinking

• Decision Making

• Risk Awareness

Fit and Proper Requirements

• Registration: Must be registered with the Prudential Authority as a key person.

• Integrity: Highest standard of ethical conduct and integrity.

• Competence: Possess necessary qualifications and experience for the role.

• Financial Soundness: Maintain financial responsibility and stability.