Company Name: VARITE India Private LimitedAbout The Client:Client is a life insurance company in India. The firm offers life insurance products targeted at individuals and groups, catering to four distinct segments: protection, children, retirement and investment plans.About The Job: Conduct risk-based reviews to provide independent assurance to the organization that the key processes, risks, and initiatives are under control and operating within the risk appetite by following the internal Assurance frameworkEssential Job Functions:Specific Responsibilities: Framework and Procedures: Work with the Head of PCA implement the internal Assurance framework Implement the Internal Audit framework Conduct Reviews using assurance scoring methodology Work with the owner of risk frameworks, policies and procedures to incorporate changes to the overall audit and assurance framework and plan Assurance Plan: Discuss with stakeholders to have an in-depth understanding of the key processes, risks and controls Along with the head of PCA, develop a comprehensive and dynamic risk-based Assurance plan for the year, covering all departments of the organization Assurance plan must cover both financial and non-financial risks Consider physical travel and desktop reviews for the assurance plan Maintain costs for travel and update periodically Conducting Assurance Reviews: Communicate, where applicable, the review plan to the relevant departments/stake holders Assess internal risks and controls for accuracy, efficacy and efficiency Change the scope of Assurance, if required, with appropriate rationale and sufficient time Conduct assurance reviews prior to regulatory visits and reviews Track the status of ongoing assurances and audits and escalate any delays Process Reviews: Review the list of process library for comprehensiveness to highlight and resolve gaps, if any • Review the processes for factual accuracy and efficiency prior to approving • Act as a Single Point of Contact for Risk and LCCS to get the approvals Reporting: Escalate unresolved issues/observations identified during assurance reviews using the approved hierarchy of monitoring Ensure accurate submission of data for all internal committees Risk Awareness: Work with Stakeholders to arrive at a Training Need Analysis and partner with HR (L&D) to deliver Conduct Risk Awareness sessions for stake holders, periodically, to update them on key developments Systems: Explore opportunities to automate processes and controls. Participate in testing and implementation of relevant system s, where included Create and maintain a central repository of the assurance and audit calendars Stakeholder Management: Conduct periodic meetings with Stakeholders to understand new developments in the business and functional areas Represent assurance in business and functional level meetings and committees where required and contribute independently and effectively Provide consultations, when required, to improve systems and processes Interfaces - Internal HODs of all departments Business Risk and OR Managers Technology and Tech Ops Owner of risk framework and policies Heads of Legal and Compliance Internal and External Auditors HR Learning & Development Success Measures : Positive outcome on the annual review of the Audit Framework Number of reviews conducted as per plan. Effective and efficient maintenance of the cost around the assurance plan Effective design and usage of the branch risk rating score card. Timely completion of the reviews with minimal changes to the identified issues Number of self-identified Vs Unidentified issues in internal and external Audits Number of open and overdue audits, issues/observations not escalated on time At least 1 Risk awareness session per quarter by self or an authorized representative. Minimal overdue process notes. Effective Management of the Audit automation system. Positive feedback from stakeholders Qualifications: Chartered Accountant 10+ years in Risk & Audit Background How to Apply: Interested candidates are encouraged to respond/submit their updated resumes, and for additional job opportunities, please visit Jobs In India - VARITE.Unlock Rewards: Refer Candidates and Earn.If you're not available or interested in this opportunity, please pass this along to anyone in your network who might be a good fit and interested in our open positions. VARITE offers a Candidate Referral program, where you'll receive a one-time referral bonus based on the following scale if the referred candidate completes a three-month assignment with VARITE.Experience Level Bonus Referral: 0-2 years INR 5,000 2-6 years INR 7,500 6+ years INR 10,000 About VARITE: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.Equal Opportunity Employer:VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.