LOB/ Global Function Internal Audit is an independent global organization that plays an important role in partnering with the business to ensure that management anticipates, recognizes, and appropriately manages risks. We devote our highly-skilled staff to those activities of the highest risk, taking into account the concerns of management and independent boards. We protect MetLife and our stakeholders through meaningful independent assurance and advice, while advocating for risk management and internal controls
THE ROLE:
The Director, Hong Kong Internal Audit reports to the Vice President & Regional Head of Audit Asia exJapan and matrix report to the Hong Kong CEO.
The Director, Internal Audit, (the “incumbent”) is accountable for developing and leading the internal audit services for MetLife operations in the region in a professional and effective manner, managing a team of auditors as appropriate and required.
The incumbent has overall responsibility for the delivery and management of a portfolio of audit assignments to ensure that all business and regulatory risks are anticipated, identified, recognized, and appropriately managed in alignment with the departmental audit plan and initiatives.
The position supports the Vice President & Regional Head of Audit Asia exJapan and is responsible for all audit activities related to several business units and segments under his/her direct supervision.
Key Relationships:
Country CEO and Senior Mgt Team (Hong Kong)
Regional & Country – Compliance & Risk Partners
Asia IA Team
Regulatory Bodies & Local Audit Committees
Key Responsibilities:
Develop credibility and establish relationships with senior country leadership team and local control function partners and regulators utilizing knowledge of country and applicable governance, risk and regulatory frameworks.
Drive internal audit efforts to increase overall value to the business
Attend and provide updates/report to relevant executive meetings and Committees as appropriate –BoD, AC, RMC, etc.
Develop and /or refine or apply new audit methodologies to improve the audit process.
Work collaboratively with business and operational areas.
Provide management with an objective review of risks and controls from an independent view. Remain active with appropriate external professional organizations and keep informed on developments in the field of auditing, industry regulation and insurance practices.
Deploy, develop, maintain and align the audit department resources in accordance with the current and future needs of the business and/or regulatory requirements.
Communicate with local regulator regarding internal audit matters and regulatory filings.
Provide proactive and relevant management reporting of audit portfolio activities and results to Regional Head of Audit
Provide subject matter expertise on areas as outlined below:
Auditing
Conduct continuous assessment of internal and external business risks, develop, execute and provide oversight of audit plan covering identified risks, make effective and efficient use of audit resources in line with audit risk methodology
Manage and execute comprehensive process audits using department guidelines, knowledge of the business, and understanding of controls to provide management with an independent appraisal of the control environment
Analyse and assess the impact of audit findings and recommendations on future operating environment. Assess effectiveness of key action plans to resolve control issues or risks;
Serve as high-level technical expert or lead a team to conduct selected audits, and is accountable for the identification of risks or weaknesses within business unit being reviewed,
Review and determine the Business’ compliance with established policies, procedures, laws and regulations, and existing regulatory requirements.
Perform risk assessments, develops, manages and executes quarterly audit plan activities
Oversee and deliver audits of business to ensure compliance with MetLife Policy, use of compliant best practices, procedural efficiency and accuracy in accordance with the audit plan
Coordinate audit activities with external auditor, provides appropriate direct assistance, and identifies opportunities for audit reliance
Contribute to or prepare reports of audit findings for business managers and proposes recommendations for changes as needed. Prepares reports for senior management on larger-scale audit assignments
Responsible
