Director of Internal Audit

About the Client:

Our Client, a Fortune 500 Insurance Company is looking for it's Director of Internal Audit for a growth opportunity at their North American HQ. Right now is an exciting time with this client, as they are poised for significant growth over the next 3-5 years and incumbent will be key in implementing and driving our client's strategic priorities, co-creating a leading audit function and taking the NA team to the next level. Relocation is available for the right candidate.

The Director of Internal Audit will receive a top of the line Benefits package, with flexible time off and great PTO, an outstanding compensation package that includes an above average salary and opportunities for annual bonus. This position will be hybrid, with opportunity to work from home on some days, and report directly to the North American Audit Lead.

Compensation: $180-240K plus 20-40% bonus and potential equity (not absolutely for sure).

About the Role:

Our Client's Audit Team is an international team of 250 colleagues from 33 different nationalities, working as one function. They work to be the best they can be at spotting danger for their company; continuously learning and trying to get better and better at what we do.

Working closely with Audit leaders this is a unique opportunity to drive the evolution of the function, and to transform our client's ways of working. In this Director role on their North America (NA) business unit, there is real scope to shape and develop our P&C audit capabilities globally. This role will be key in implementing and driving our strategic priorities, co-creating a leading audit function and taking the NA team to the next level.

As a leader within the GA team, you will play a pivotal role, working with the Audit Leads for North America and P&C to design and develop the future strategy for P&C audit, delivering and role-modelling changes; and building a continuous learning environment for the team. It will require excellent vision, a supportive leadership style, creativity, perseverance, and the ability to influence the people around you.

The Audit Director will be part of the Group Audit Leadership Team and play a key role in delivering the Group Audit strategy. You will be expected to use and co-develop leading audit practices to continuously improve the NA and global P&C risk-based dynamic audit plans and their high-quality delivery. You will positively influence the business risk and control environment, through reporting at relevant governance fora, as well as developing strong working relationships with the NA Senior Management and P&C leaders.

You will be responsible for evolving the P&C audit strategy and capabilities across the globe and the delivery of a portfolio of audits in NA and globally. Importantly, you will foster a positive culture and drive an environment of continuous growth, where the team feels connected to our purpose at all times and becomes a recognized leader in the market.

Working with the NA Audit Lead and the P&C Audit Lead, you will have global responsibilities for:

· Direct report to the North America Audit Lead, deputizing, when necessary, e.g., in relevant governance or other key stakeholder meetings.

· Working with the P&C Audit Lead to lead.

· COE responsibilities include developing a deep understanding of the risk landscape at the Group level and assisting with strategy and direction for our global audit activities on Underwriting, Claims and Distribution, and delivering on these activities.

· Developing our P&C audit capabilities across our entire team of 250 auditors in 19 countries

· Inspiring and energizing the group-wide team around the potential and possibilities in building their P&C audit skills.

· Continuously building a high performing environment across the P&C audit community Motivating and engaging the team in the vision and strategy, fostering an inclusive work environment and sense of community.

· Influencing senior P&C business leaders across the globe through strong relationships and insights and acting as a strategic partner for senior leadership.

· Working with and engaging regional and functional GA audit leads, the P&C audit community and senior business leaders globally to lead and perform risk assessments, ensuring appropriate coverage of P&C insurance risks and to develop appropriate audit plans for these risks across Zurich.

· Leading and developing a team of 3 or 4 direct reports (audit manager, senior auditor, auditor).

· Leading a portfolio of audits including group-wide thematic reviews and ensuring the right level of insight and involvement from teams across audits, including scoping, audit reporting and key stakeholder meetings.

· Identifying themes and trends, systemic/emerging issues and sharing insights with senior stakeholders across the globe as well as well as supporting reporting into Group and relevant local boards and audit committees.

Basic Qualifications:

· Bachelor’s Degree and 10 or more years of experience in the financial services, internal audit or P & C insurance audit area

· Knowledge of commercial and retail insurance trends, emerging risks and their impact on insurance.

· Experience with audit techniques including data analytics and agile audit.

· Experience in leading teams through change within diverse and international organizations in a hybrid and/or remote working environment.

· Experience evaluating and challenging risk assessments to assess the applicability of audit planning, audit findings, potential exposures and materiality that may impact the business.

Preferred Qualifications:

· Experience in leading teams through change within diverse and international organizations in a hybrid and/or remote working environment

· Excellent project management skills. Ability to manage complex projects in parallel, delivering on time and quality while guiding and coaching teams to give their best.

· A good track record of implementing change and transformation through developing people, as well as implementing a learning culture.

· Experience of audit techniques including data analytics, agile audit

· A people person - passion and enthusiasm to continue to grow yourself and others around you.

· Impactful written and verbal communication skills, good gravitas