Head of Internal Audit

About FWD GroupFWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD's customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance.For more information, please visit About FWD Life Philippines FWD Life Insurance Corporation (FWD Life Philippines) launched its commercial operations in September 2014. As of end-2022, FWD Life Philippines ranks 3rd and 6th in terms of Paid-up Capital(1) and New Business Annual Premium Equivalent(2), respectively.For more information, please visit  1 > Statistics > Life > 2022 > Based on Paid-Up Capital2 > Statistics > Life > 2022 > Based on New Business Annual Premium EquivalentThe Head of Internal Audit is accountable for FWD PH Internal Audit and provides independent assurance to the Board, Audit Committee and Executive Committee of FWD PH on the overall effectiveness of the risk management, control and governance processes across the Company.Provide leadership and strategic direction to FWD PH Internal Audit team. Lead, oversee and perform all internal audit activities (including support to Group Internal Audit initiatives) in the Company in a quality and timely manner in accordance with Group and Local practices. Lead the pilot project in implementing Group Internal Audit initiatives such as agile audit approach and continuous monitoring.Lead, perform and deliver the audit projects in the audit plan in a quality and timely manner, including reports with value adding observations and practical and effective recommendations. This includes:developing the objectives, scope and timeline of audit projects with agreement from management.meeting management to walkthrough the relevant processes and controls.identifying the key risks and controls to be assessed.assessing the design and operating effectiveness of the key controls identified to mitigate the key risks.assessing the root causes, risks, impact and remediation actions of the observations identified and documented in the audit report, with agreement and buy-in from management. reviewing the working papers documented to support the work performed to ensure compliance with Group Internal Audit Methodology and Institute of Internal Auditors Standards.   Lead, oversee and follow up with management on remediation actions arising from audit projects, including proper and timely verification of the remediation actions to ensure the risks are addressed effectively in a timely manner.Design and develop an overall audit strategy, with a comprehensive and relevant risk-based 3-year audit plan developed for the Company. Perform regular assessment to ensure the audit strategy and audit plan for the Company remains relevant to the Company's strategy and environment.Build and sustain excellent working relationships with Audit Committee and management.Promote risk awareness culture, including understanding and sharing high risk rated observations across the Group to FWD PH Management.Deepen stakeholder engagement and build up FWD PH Internal Audit credibility. Provide consulting services to management to assist in efforts to improve the control environment. Be the trusted advisor to management for risk and control matters, while maintaining objectivity and independence.Prepare papers with insight and assurance provided (such as Internal Audit Progress Report and observations) and present to Local Audit Committee, Local management and Group Internal Audit.  Act as a key point of contact to FWD Group Internal Audit and other Local Internal Audit teams. Promote new ideas and innovative ways of executing audit projects using data and technology and leading work practices to improve effectiveness.Develop, provide on-going coaching and motivate team members of various levels and experience. Lead and resolve diverse team perspectives and bring team members together to enhance audit project results through planning, feedback and development.  Experience:Recognized bachelor's degree education qualification, with additional professional qualifications such as Chartered Account and Certified Internal Auditor.Around 12 years of experience in an internal and external audit role, with management experience.Experience in life insurance industry.Experience in internal audit, risk management, and controls and governance.Experience in influencing and challenging senior stakeholders and building excellent working relationships.Experience in coaching, mentoring, developing and motivating team members.Experience in managing audits within a complex operational and regulatory environment. Experience in project management and project implementation and team networking and coordinationPrivacy NoticeYour privacy is a priority for FWD.  The Company keeps your personal information with us in confidence. To know more about how we process your information, kindly refer to our FWD Recruitment Privacy Notice.FWD has partnered with Talocity Instasolutions Private Limited ("Talocity") to manage the initial filtering of candidate's profiles through video interviews, social profile mapping, and video analytics using artificial intelligence engine that is offered within the Talocity platform.  The platform evaluates the candidate on the five well-known dimensions as per OCEAN Personality Model that influence occupational success and help understand workplace behavior. For more information, please refer to Talocity Privacy Policy.When you apply, FWD will share your name, phone number and email address to Talocity to contact you and conduct the initial screening and profiling process.  Shortlisted candidates will then be contacted by FWD for the face-to-face interview.