Assistant Director, Audit

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

• Assists the GwIA Leadership and Management Team in providing the Local Business Unit (LBU) Board and Management assurance on company’s internal controls and identifying opportunities for improvement over all aspects of the business

Scope :

A senior member of the Audit team, responsible for :

Assisting to develop and continuously review on a periodic basis the risk based audit plan for Prudential, aligned to LBU and Group strategy

Lead or support in delivering the assigned audits / porffolio of audits which includes entire audit process from planning to issue assurance and closure

Other GwIA driven initiatives

Accountabilities :

To provide value adding contribution to audit reviews of processes, controls and systems, within Prudential and across the other business units in the Group as required

Project / Audit Execution :

Oversee the delivery of a portfolio of audit assignments and deliver good quality audit assignments, in line with GwIA audit methodology, Group requirements and standards, resulting in accurate and complete identification of issues

Take responsibility of audit assignment execution and demonstrate good project management skill when planning, which includes resource allocations and scheduling, communicate objectives to key stakeholders, identify focus areas, formulate review strategies and the audits are delivered on time

Execute the audits in the approved audit plan including risk assessment and control management over operations’ effectiveness and compliance with all applicable standards and regulations

Understand the business, risk and controls through information gathered on the audit scope area, involvement in walkthroughs and discussions with management

Review the adequacy and efficiency of the controls in place via review of documented procedures and conducting audit testing

Working papers are documented properly in accordance with GwIA Audit Methodology and approved within the established deadline

Responsible for discussing the audit report and findings with senior management and ensuring that appropriate responses are obtained for each issue raised in the report, including demonstration of good conflict management skill and remaining professional when criticised

Draft internal audit report for discussion with GwIA management and auditee management, including display of good and concise presentation of issues / risks

Monitor progress and adequacy of actions taken to rectify and close out audit issues

Manage a team of auditors on an assignment basis, with responsibility for coaching and mentoring individuals and providing feedback on performance following completion of each assignment

Promotes a team effort approach and shows appreciation for contributions of team members creating a positive work climate

Demonstrates the ability to develop and execute a comprehensive data analytic test plan for audits

Seeks opportunities to increase the use of data analytics testing by adding new tests to the data analytics library, and actively uses data analytics to improve the controls of the second line

Assist the GwIA Leadership in reviewing the work of the Audit Team

Continuous monitoring of emerging risks and key changes to the businesses

Construct and continuously review the risk based audit plan in consultation with other auditors and business management, are aligned with audit and company’s strategies and covers all major risks the business faces

Take a lead role in shaping the on-going development of the internal control processes through disseminating best practices

Self Development :

Keeps abreast of new information and developments in the industry or best practices in auditing (e.g., by reading, liaising with organization and business core group contacts, or by attending learning and training events)

Relationship Management :

Maintains good working relationships with the GwIA Leadership and Management team including functional Audit Directors and their teams to facilitate audit activities

Routinely engages and meets business stakeholder as part of GwIA continuous monitoring activities

To promote GwIA and the service it provides by building strong and effective working relationships with senior management, other staff and external auditors

Reporting and Management Information :

As part of proactive planning or at the request of the GwIA Management, prepare the internal audit reports and papers for Board and Management committee reporting (and participate in such meetings required), on the status of the audit plan, audit results and issues status

Staff Management :

Manage a team of audit managers with responsibility for coaching and mentoring individuals and providing feedback on performance

Strong support to the Audit Directors and able to back them up to handle ad-hoc matters

Other competencies :

Requirements :