Deputy Manager – Internal Audit

The Deputy Manager – Internal Audit supports the Internal Audit function in delivering independent, risk‑based assurance over governance, risk management, and internal controls across the insurance brokerage.

The role plans and executes audits end‑to‑end (from risk assessment and scoping to reporting and follow‑up), performs data-driven testing, and partners with stakeholders to strengthen control maturity while maintaining auditor independence and objectivity in line with the IIA Standards.

Key Responsibilities

1. Audit Planning & Risk Assessment

Contribute to the annual, risk‑based internal audit plan using a controls and risk lens

Perform risk assessment and scoping for audits across processes

Define audit objectives, scope, resources, timelines, and testing strategies.

2. Fieldwork & Testing

Execute audits end‑to‑end: walkthroughs, design and operating effectiveness testing, data analytics, and sampling.

Evaluate adequacy and effectiveness of Process controls

Apply CAATs/data analytics (e.g., Excel/SQL/BI/ACL/IDEA) to perform population testing and anomaly detection.

3. Reporting & Stakeholder Management

Draft high‑quality audit reports with clear risk articulation, root‑cause analysis, practical and time‑bound remediation actions, and graded findings.

Present findings to management and follow up on action closure; maintain an issues log and track overdue actions.

Provide insights and thematic trends to support continuous control improvement.

4. Quality, Standards & Governance

Ensure workpapers and documentation comply with IIA Standards, Internal Audit Methodology, and QA expectations.

Support external quality assessment preparation and internal QA reviews.

Safeguard independence and escalate impairment risks promptly.

5. Advisory & Continuous Improvement

Provide control advisory (non‑assurance) on new initiatives, process redesign, and system implementations while preserving independence.

Recommend pragmatic, risk‑proportionate enhancements to processes and controls tailored to the brokerage environment.

Contribute to Internal Audit’s continuous improvement: templates, analytics libraries, knowledge base.

Required Qualifications & Certifications (any one or more)

CA, CIA, CMA, ACCA, MBA – Finance, or equivalent finance/accounting qualification.

Additional audit/controls certifications are a plus (e.g., CISA, CRMA, ISO 31000, CAMS for AML/CFT).

Experience

3–5 years of relevant experience in Internal Audit, Risk, or Assurance.

At least 2 years within financial services, ideally insurance/insurance brokerage services.

Hands-on experience executing risk‑based audits, testing controls, drafting reports, and performing issue follow‑up.

Exposure to regulatory compliance, operational and IT general controls preferred.

Technical Skills

Strong knowledge of internal control frameworks and risk-based auditing in line with IIA Standards.

Proficiency with Excel (advanced), data analytics tools (IDEA/Power BI / ACL) and sampling techniques.

Working knowledge of insurance brokerage processes and systems (e.g., broking/placement tools, policy/admin systems, reconciliation tools).

Familiarity with AML/CFT, sanctions screening, and customer due diligence controls for brokers.

Capable of reviewing ITGCs: access, change, backups, incident/problem management, and third‑party risk.

Excellent report writing and presentation skills.

Tools & Platforms

Productivity: MS Office/365 (Excel, PowerPoint, Word, Teams).

Analytics: Power BI/ ACL/ IDEA (or similar).

Audit Management: AuditBoard, TeamMate+, Pentana, or equivalent (as applicable).

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