Assistant Vice President, IT Audit

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time.

Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan's leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Role Attributes:

Internal Audit's purpose is to strengthen the Singapore Life Holdings Pte. Ltd. and its subsidiaries (the Group) ability to create, protect, and sustain value by providing the Board, Audit Committee (AC) and Senior Management with independent, risk-based, and objective assurance, advice, insight, and foresight. Internal Audit (IA) does this by evaluating the adequacy and effectiveness of the governance, risk management and control processes including compliance with laws and regulations, and adherence to established policies. It also assesses whether significant risks are appropriately identified, adequately managed, and appropriately reported by the management and Risk function.

This Audit Vice President role is to support the IA team in the fulfilment of the mandate in the Audit Charter authorised by the AC.

Key Responsibilities:

• Support the delivery of an appropriate risk-based IT audit plan, based on a detailed understanding of risks facing the business for the area of responsibility and for relevant themed reviews
• Participate in or lead (where appropriate) IT audit engagements covering the audit cycle end-to-end including planning, fieldwork and reporting.
• Plan IT audits efficiently by applying sound risk analysis skills and professional judgement to identify areas for in-depth review
• Ability to partner with Business Auditors in identifying risks and controls testing to achieve desired audit outcomes
• Deliver high quality working papers that support the final audit opinion
• Identify areas for improvement in the operation of the business units
• Communicate audit issues and results concisely and succinctly to management and influence management on the remedial actions.
• Deliver high quality objective and concise audit reports
• Adhere to the internal audit methodology requirements
• Build an effective partnership with management and other control partners to influence an effective control framework
• Own the interaction with business management for issue tracking and closure
• Validate the remediation of audit issues raised
• Manage individual time budgets for audits assigned
• Contribute to the production of reports to Internal Audit key stakeholders (e.g. Audit Committees, Risk Committees, and Board Committees)
• Perform continuous monitoring, engage with stakeholders and stay up to date on key developments impacting the business risk profile including changes in business strategy, regulatory / industry standards.
• Support the audit risk assessment process to drive the appropriate audit plan
• Adhere to the IA Charter and conform with the mandatory elements of the IIA's International Professional Practices Framework
• Contribute to wider IA initiatives and additional designated roles if/where appropriate or assigned
• Keep abreast of own professional development to enhance one's skills and competence

Team:

• This role reports to the Audit Executive Director and will be required to work collaboratively with members of the IA team.

Requirements:

Experience

• Minimum of 5 years of relevant work experience in internal/external IT audit/risk/ compliance in financial services industry. Experience in IT operations and advisory activities will be preferred.
• Mature understanding of risk and controls, strong analytical skills and ability to drive appropriate management actions to mitigate risks.
• Advanced skill and competencies in one or more of the following areas:

-Cloud computing platforms (e.g., Amazon Web Services, Oracle Cloud Infrastructure, Microsoft Azure)

-Development operations (DevOps) environment with understanding of the IT components to support continuous delivery, integration, automated testing, and monitoring

-Cyber and information security

-Application controls

-Artificial Intelligence

• Sound project management skills in leading or supporting complex technical and business reviews
• Experience leveraging data and audit analytics to expand testing capabilities, coverage, and accuracy of testing results
• Strong written and verbal communication skills
• Confident in interacting and conducting discussions with senior stakeholders
• Strong collaborator with good interpersonal and influencing skills to build effective partnerships with management and other control functions.
• Agile and quick to adapt to rapidly changing priorities or circumstances
• Ability to multi-task and effective under pressure
• Strong team player, works independently, self-starter and willing to assume personal responsibility and accountability
• Constantly reflecting and proactively contribute to process improvements

Education

• Academic: Bachelor's degree in Computer Science, Engineering or equivalent in related discipline
• Professional Certification(s): CISA, CISSP, CSSP, CISM, CRISC

If you find yourself able to demonstrate the criteria above, apply with us now. We look forward to your application.