Brightwater Executive is delighted to be retained by a leading international insurance company for their Director of Audit appointment opening. With a strong presence in the European markets, this person will be a key member of their SLT, responsible for delivering their risk-based audit programme, strengthening internal controls, and ensuring regulatory compliance within a complex and highly regulated environment.
The successful candidate will also serve as Head of Internal Audit (PCF-13), subject to Central Bank of Ireland approval.
The Position
Manage the planning, execution and oversight of the consolidated annual audit plan including risk-based assurance and advisory engagements. Ensure a solid understanding and knowledge of regulations (including Solvency II, CBI expectations, and EIOPA guidelines), effectively responding and interacting with regulators.
Manage the strategic initiatives and lead out on the development and implementation of a risk-based audit plan. Provide independent oversight and thought leadership for audit disciplines ensuring that audit plans, frameworks, standards, and processes provide appropriate risk coverage.
Key Responsibilities
Leading and managing the planning, execution and oversight of the annual audit plan
Providing oversight of audit engagements including planning, fieldwork and reporting
Ensuring adherence to internal audit methodology, frameworks and quality standards
Approving engagement risk assessments and audit scope
Maintaining knowledge of financial services regulation including Solvency II, CBI expectations and EIOPA guidelines
Engaging with regulators and presenting audit findings to governance committees, senior leadership and the Board of Directors
Providing effective challenge to management regarding risk mitigation, policies and internal controls
Participating in ongoing risk routines, governance forums and continuous monitoring activities
Contributing to the annual risk assessment and development of the audit plan
Maintaining and updating the audit universe risk assessment using industry research and audit results
Driving improvements to internal audit processes and performance standards
Building and developing a high-performing internal audit team through recruitment, training, coaching and performance management
Managing departmental resources and ensuring fiscally responsible expense management
Experience & Qualifications
Experience
Minimum 8 years’ experience in audit, financial services, banking, insurance, information technology or related business areas
Solid leadership skills at executive / senior management level
Experience performing internal or external audits, applying audit, risk expertise in a complex regulatory environment
Strong knowledge of audit theory, internal audit principles and audit methodologies
Demonstrated ability to challenge control environments and influence business outcomes
Ability to operate effectively in a dynamic environment with competing priorities
Additional Knowledge
Strong understanding of insurance / reinsurance and / or wider financial services regulatory frameworks, ideally General Insurance, P&C product suites, but open to Life / wider financial services sectors.
Knowledge of Solvency II, CBI expectations and EIOPA guidelines
Remuneration Package
Highly competitive remuneration package
Contact
Brightwater Executive has been exclusively engaged for this search.
For a confidential discussion regarding this Director of Audit position, please apply in confidence or contact Estelle Davis, Brightwater Executive at e.davis@brightwaterexecutive.com or contact on DD + 353 1 5927 844
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