Head of Internal Audit, Malaysia at AIG

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

Apply Now

Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Undergraduate degree; graduate degrees in relevant areas or professional qualifications (e.g., CPA, CA, ACCA, CIA, CFE, CISA) preferred
Several years of relevant experience in auditing insurance or reinsurance
Experience at an international insurer or reinsurer highly beneficial
Significant knowledge and understanding of the financial services industry and regulatory issues, including prior experience with Bank Negara Malaysia (BNM)
Demonstrated ability to influence and work effectively in a highly matrixed organization with employees at all levels and in various countries
Results-orientated with strong problem-solving and program management skills
Excellent organizational, written, verbal, and presentation skills
Fluency in English (written and spoken); knowledge of another Asian language (e.g., Korean, Mandarin, Thai) is a plus
Ability to function as a trusted business partner to senior business professionals, providing relevant perspectives and sound judgement while maintaining the highest levels of integrity

Responsibilities

Provide independent assurance on governance, risk management, and control environment from firm-wide and local corporate governance and regulatory perspectives for AIG Malaysia, in collaboration with Global IAG
Lead the Malaysia IAG function to achieve Internal Audit’s goals and initiatives and deliver all audits in the region
Drive the annual audit plan for Malaysia, meeting global, regional, and local legal entity requirements
Manage assigned teams of multi-disciplined auditors, handling delivery of several reviews at any one time
Lead, coach, mentor, and develop assigned auditors in a professional internal audit environment
Provide proactive and professional service to the AIG Malaysia Board Audit Committee, supporting their responsibilities
Manage IAG’s regulatory interactions in Malaysia and ensure IAG meets regulatory expectations
Lead continuous and proactive communication (written, effective presentations, candid discussions) with key executive management, audit committee members, board, lead regulators, external audit, and other key service providers
Actively participate in senior leadership and Committee forums (e.g., local Executive Committee, Business Reviews, Audit Committee), providing insights, advice, and assurance through regular engagement and reporting
Provide audit service and relationship management to the CEO and Executive management team
Keep the Head of Audit, APAC informed of the changing risk profile of the region and work with functional Audit leaders to maintain appropriate risk-based audit coverage

Skills

Key technologies and capabilities for this role

Internal AuditRisk ManagementGovernanceInternal ControlsAudit PlanningTeam LeadershipMentoringRegulatory ComplianceStakeholder CommunicationFinancial AuditingOperational Auditing

Questions & Answers

Common questions about this position

What is the reporting structure for the Head of Internal Audit, Malaysia?

The Head of Internal Audit, Malaysia will report directly to the Head of Audit, APAC.

Is this position remote or does it require being in Malaysia?

This information is not specified in the job description.

What salary or compensation is offered for this role?

This information is not specified in the job description.

What qualifications and experience are required for this position?

Candidates need a track-record of delivering a risk-based annual audit plan, managing teams, developing strategic direction, and enhancing business relationships in a regulated environment, plus a strong education including an undergraduate degree or relevant graduate degrees/professional qualifications.

What does AIG’s Internal Audit Group focus on?

AIG’s Internal Audit Group (IAG) provides independent and objective assurance, advice, and insight to improve operations, bringing a systematic approach to evaluate and enhance risk management, operational, financial, internal control, and governance processes.

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

Land your dream remote job 3x faster with AI

Try Jobo Free