Director, Professional Standards, Internal Audit and Controls

Job Description

Director Professional Internal Audit and Controls Corporate

Hybrid: 4:1

Location: Houston TX Office

Tokio Marine HCC a global power in the specialty insurance industry is seeking an Director Professional Internal Audit and Controls with a passion for organization problem solving mindfulness and a drive to learn and grow with a world leading company in a unique industry.

Job Summary

Leads and oversees the departments monitoring compliance with professional standards for internal audit functions. Assists the VP North American Audit with oversight of the Houston based financial IT operational and compliance audits across TMHCCs North America organizations. Assists the organization in accomplishing its objectives by bringing a systematic and disciplined approach to evaluating the effectiveness of risk management control and governance through conducting audit functions. Provides independent consulting activities designed to add value and improve the organizations operations. Also will lead the departments quality assurance program training needs and Institute of Internal Auditors (IIA) International Professional Practices Framework (IPPF) compliance initiatives. Plays a key leadership role in advancing automation initiatives that support the groups strategic plan to modernize processes reduce manual effort and improve overall operational efficiency.

Key Responsibilities

• Plan develop implement and monitor the procedures and systems used for internal auditing standards within the Company ensuring compliance with the Institute of Internal Auditors (IIA) International Professional Practices Framework (IPPF) and other applicable frameworks.

• Oversee the development and completion of the annual global audit plan and a rolling three-year audit plan to ensure appropriate risk-based coverage of strategic operational financial compliance and IT risks.

• Maintain and evolve the audit universe perform risk assessments and ensure audit activities are aligned with the Companys strategic objectives and risk environment.

• Manage and execute the departments Quality Assurance and Improvement Program (QAIP) including quality reviews of audit workpapers reports and processes to ensure accuracy sufficiency and adherence to professional standards.

• In coordination with the separate Internal Controls group evaluate business processes for the adequacy and proper functioning of internal controls including Japan Sarbanes-Oxley (JSOX) 404 testing and support compliance with the NAIC Model Audit Rule.

• Management and execution of JSOX controls testing and reliance work to external auditors as well as assistance with other regulatory requirements such as Department of Insurance examinations.

• Guide the audit team in designing reviewing and implementing auditing policies processes and technologies that enhance operational efficiency and safeguard corporate assets.

• Engage in ongoing communications written and oral with company management and as requested by the VP the Audit Committee to report audit results departmental performance and emerging issues.

• Lead and develop a team of Internal Auditors responsible for furnishing Senior Management with independent analyses appraisals and information related to audit activities.

• Manage daily operations of the Houston-based financial/operational audit team including planning prioritizing and directing workflow; acting as a resource for complex issues; and ensuring timely execution of audits within budget. Assistance to be provided to our International Audit Teams as well as needed.

• Coordinate with the independent auditor to ensure strong professional relationships open lines of communication and optimal reliance on internal audit work where appropriate.

• Identify and assess training opportunities and knowledge gaps across the Internal Audit and Controls team. Maintain a skills inventory and establish a training program aligned with the annual risk assessment and strategic goals.

• Attend senior leadership forums to communicate key audit issues support management initiatives and integrate strategic developments into risk assessments and audit planning.

• Competencies

  Technology:

  Demonstrated capability to audit and embrace the use of emerging technologies including artificial intelligence. Some of the tools used by the team include ChatGPT Microsoft Copilot data analytics platforms (e.g. Power BI) and automation software (e.g. UiPath) with focus on usage governance and risk management

  Understanding of cybersecurity control frameworks (e.g. NIST ISO 27001) and experience auditing information security practices and related regulatory compliance

  Understanding of and proficiency with Data Analytics tools

  Planning

  Direct development of primarily long-term plans for designated area of the organization.

  Anticipate changes in demand and technologies and adjust strategy to accommodate them.

  Coordinate resources to ensure strategies are executed.

  Communication

  Communicate direction or results pertaining to area of responsibility to all levels internally and externally.

  Develop company policies and prepare internal/external reports.

  Present briefings to obtain consensus/approval.

  Cost Management

  Develop and accountable for budget of department.

  Set objectives policies and procedures for area of responsibility.

  Business Controls and Policies

  Comply with all corporate policies and procedures.

  Create environment that encourages development and implementation of effective business controls and policies.

  Allocate resources to ensure proper implementation and monitoring.

  People Management

  Has full HR responsibility for direct reports including making hiring decisions training coordinating work establishing standards reviewing work conducting performance appraisals and providing coaching or counseling.

  Identify training needs and build a sustainable development program aligned with the departments strategic objectives and risk profile.

  Position Knowledge Skills and Requirements

• Education

  Min/Preferred

  Education Level

  Description

  Minimum

  4 Year / Bachelors Degree

  in Accounting MIS or a related field.

  Preferred Graduate Degree

  Certifications Licenses and Designations

  Required

  Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) and/or CiSA (Certified Information Systems Auditor) designation

  Experience

  Years of Experience

  Area of Experience

  10 Years

  Relevant audit experience with progressive internal audit and public accounting experience including insurance industry focus experience with Sarbanes-Oxley (SOX/JSOX) internal controls and quality assurance.

• Other

• Knowledge of GAAP Japanese GAAP (JGAAP) Generally Accepted Auditing Standards (GAAS) International Financial Reporting Standards (IFRS) and Statutory Insurance Accounting Principles and NAICs Model Audit Rule
• Comprehensive knowledge of Japanese SOX and its many implications and internal controls
• Possess and have ability to apply advanced knowledge of principles practices and procedures
• Excellent written and verbal communications skills with an emphasis on confidentiality tact and diplomacy
• Superior organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
• Knowledgeable of industry changes legal updates and technical developments related to applicable area of the Companys business to proactively respond to changing business environment and staying current on these through attending trainings and receiving/reading various relevant publications
• Advanced proficiency and experience using Microsoft Office package (Excel Access PowerPoint Word)
• Knowledge of AuditBoard and or GRC Software

• About TMHCC

  Tokio Marine HCC is a leading specialty insurance group with offices in the United States the United Kingdom Europe Ireland and other exciting locations. With the strength and stability that comes from being a member of the Tokio Marine Group and more than forty years of growth profitability and stability we offer important insurance products that most people dont even know exist. Every policy we write is special enabling our clients to do amazing things. From insuring the crops that feed us to the rock concerts that entertain us to rescuing international travelers in trouble we offer more than 100 classes of specialty insurance. Applying our Mind Over Risk philosophy to writing insurance allows our customers take on opportunity with confidence. That philosophy defines our way of thinking unites us as a team and differentiates us from our competitors. We are much more than just an insurance company; we are a good company.

  What we offer

• Competitive salary and employee benefit package
• Strong learning culture
• Growth perspectives

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