Team Leader - Internal Audit

ConfidentialMumbai

30+ days ago

Job description

Good understanding of insurance activities including KYC / AML, client onboarding, new business,

underwriting, policy issuance, policy servicing, claims operations, investment (front, mid and back office)

controls related to actuarial operations, regulations governing insurance industry, etc.

Experience in IFC controls, RCSA development and general understanding of risk and controls framework

Good analytical skills, knowledge of advanced excel and ability to maintain good interpersonal relations

Plan audit execution in line with the scope agreed with the client.

Assign daily, weekly and monthly tasks to all team members.

Monitor work performed by the Team members on a daily basis.

Provide status updates to Partner and client on a periodic basis.

Conduct detailed walkthroughs to gain understanding of the processes and controls implemented by the client.

Ensure quality of work performed by the team.

Document work performed and maintenance of work papers

Review adherence with regulatory and statutory compliances

Conducting audits within the time schedule assigned

Identify areas of improvements for each process being audited and recommending the same to the client

To keep track of all regulatory and other changes in relation to Life Insurance and financial markets

Drafting Audit reports, detailing findings of audit

Should have a strong domain across the spectrum of operations for Insurance.

Should have good oral and written communication skills to articulate queries / observations to clients

Should have good command over language and grammar

Should have the ability to grasp / learn and unlearn processes / businesses of our clients.

Should have good interpersonal skills in interactions with team members and client representatives at all levels

Should actively mentor and train team members, support their skill enhancement, improve their capacity to

take more responsibility and oversee their overall development and also identify staff members with

potential for grooming them for managerial and quasi managerial roles.

Skills Required

Managerial Skill, Communication Skills, Kyc, Aml

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