Role Purpose & Accountability
• The individual is responsible for working as part of the TMK Group Internal Audit function. The primary objective of Internal Audit is to deliver a reasonable level of assurance to those in charge of governance that systems of control as established by management are appropriate and are operating effectively. As part of providing assurance or as a specific request, Internal Audit aims to help improve TMK’s practices by recommending improvements to key business processes. In other words, Internal Audit will challenge current practice, champion best but pragmatic practice and be a catalyst for improvement.
• Scope of the role includes all operating platforms of TMK Group and potentially those of affiliated Tokio Marine Group companies.
Role responsibilities:
This role includes responsibility for:
Internal Audit
• Responsible for assisting in developing and maintaining Group Internal Audit’s assurance plan for specific areas of the business, as directed by the Group Head of Internal Audit.
• Plan audits (e.g. prepare draft terms of reference, arrange and participate in planning meetings, finalise terms of reference, agree audit logistics, etc.).
• Perform audit assignments in accordance with TMK’s internal audit methodology.
• Assist in closing down audit assignments (e.g. participate in closing meetings, prepare draft audit reports for discussion with and review by the Group Head of Internal Audit, agree factual accuracy of audit findings with auditees, collate management responses to audit recommendations, archive audit files etc.).
• Build and maintain strong, effective relationships with key internal and external stakeholders, working closely as required with external auditors and other providers of independent assurance to deliver combined assurance on a cost effective basis.
• Assist in following up with management as to status of implementation of audit recommendations.
• Champion the company values and work in accordance with organisational behaviours.
• Be aware of and comply with the relevant rules and regulations in relation to financial crime and conduct.
Technical Requirements:
• Should be a member of the Chartered Institute of Internal auditors and/or of an organisation represented by the Consultative Committee of Accountancy Bodies, and /or the Chartered Insurance Institute – other equivalent professional qualifications are acceptable. Extensive post-qualified experience is required.
• Has in-depth knowledge and experience of London market insurance – Lloyd’s experience is not a pre-requisite, but would be preferred.
• Uses best practices and knowledge of internal or external business issues to improve process, procedures, and business services.
• Has knowledge and understanding of relevant regulation and law pertaining to the insurance market.
• Capable of taking wide view of commerciality and practical effect of proposals and recommendations.
Skills & Behaviours:
Teamwork
• Must be a team ‘player’ and work for the good of the team.
• Be a role model for the team.
• Be able to provide and accept constructive criticisms.
• Promoting the team’s profile and reputation within TMK.
Personal
• Takes full ownership of work and ensures that it is completed to TMK’s standards.
• Should be able to work with minimal supervision.
• Treat people with respect at all times.
• Credibility to work alongside key business stakeholders (e.g. senior management, IT, underwriters, claims handlers, etc.).
• A persuasive and determined ability to communicate and influence (including winning the support of key stakeholders during audit assignments).
• Demonstrate professionalism at all times.
• Energetic and proactive.
• Confident and with discretion, able to stand ground with auditees.
• Strong business acumen and commercial sense.
• Adopts TMK’s code of conduct and business ethics and demonstrates alignment at all times.
• Ability to create / develop personal relationships, both internally and externally.
• Thinks before speaking and takes care in how messages are delivered.
Managerial
• Support the development of more junior team members and peers as directed by the Group Head of Internal Audit through timely feedback and guidance.
Report writing
• Strong report writing skill is essential. Committee and assignment reports should be drafted to a level that requires minimal re-drafting.