Director, Insurance Internal Audit

1 month ago


TORONTO, Canada Royal Bank of Canada Full time

Job Summary

Job Description

What is the opportunity?

As Director, Internal Audit â Insurance, you will support the Senior Director, Internal Audit â Wealth Management, Insurance and Investor Services in providing independent and objective risk assessment of the effectiveness of internal controls, risk management practices, corporate governance, and fraud prevention and detection for the Insurance business. This includes the compliance, risk management and insurance end to end operations. The role works with management on achieving business objectives by creating solutions to improve business operations âwhile remaining objective and independent, supports the developments and use of analytic tools to widen the scope of audits and assurance reviews, provide insights to the Audit Group, and act as a trusted advisor to the business.

RBC Insurance offers a wide range of insurance and reinsurance products including Life & Health, Home and Auto, Travel Insurance as well as Pension Solutions to individuals and companies through various sales channels.

The RBC Chief Audit Executive (CAE) Group leverages a unique perspective âwith a coordinated view across the entire businessâ to deliver valuable advice that not only gives assurance, but that illuminates a bigger picture, connects dots, builds best practices, and broadens possibilities. We connect intelligence to protect and enable RBC.

What will you do?  

  • Lead and prepare the annual audit plan for the Insurance platform
  • Lead/manage internal audit professionals at the Portfolio level, ensuring proper and timely execution of audits in the annual plan. Review and challenge audit reports drafted by managers/senior managers for submission to the Senior Director.
  • Continually develop relationship with business stakeholders to become a trusted advisor, working collaboratively to assesses the effectiveness of key risk management strategies with first and second lines of defense.
  • Incorporate the IT risks of proprietary and external technology in Insurance to effectively plan and manage integrated audits and develop a risk-based multi-year audit approach.
  • Contribute to effective continuous audit monitoring, evaluating and escalating opportunities for internal control improvements.
  • Leverage data analysis and insights across the enterprise, and across all stages of the audit lifecycle, to gain and document deeper insights into the root-causes and potential impacts of audit issues.
  • Drive process improvements to enhance operational efficiency and effectiveness while adopting established audit methodologies and best practices.
  • Collaborate with cross-functional teams to prepare accurate and thoughtful analysis to enable effective decision making within the CAE Group.

What do you need to succeed?

Must-have 

  • 10+ years of experience in Insurance and Financial Services.
  • People management experience
  • Knowledge of insurance and financial industry regulatory guidelines and proficient in auditing principles and techniques.
  • Strong self-drive, interpersonal and communication skills: ability to present and explain complex audit and technological concepts to various stakeholders ranging from auditors to executives.

Nice-to-have 

  • Finance/Business degree and/or CPA/CIA certification.
  • Working knowledge of Tableau/PowerPoint tools to prepare executive dashboards and presentations.
  • Domain Knowledge and capacity to research and effectively understand innovative concepts, including but not limited to Emerging Financial Risk, Data Automation and Visualization.

Whatâs in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
  • Leaders who support your development through coaching and managing opportunities 
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work
  • Flexible work/life balance options

#LI-Hybrid

#LI-POST

Job Skills

Adaptability, Auditing, Detail-Oriented, Internal Auditing, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Multi-Level Communication, Organizational Savvy and Politics, Results-Oriented

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-07-25

Application Deadline:

2024-08-31

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.



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