Job Description

Role responsible for developing, implementing, and overseeing a comprehensive internal assurance and fraud control program. This role ensures the protection of the company's assets, reputation, and financial stability by
mitigating risks, preventing and detecting fraud, and ensuring compliance with all applicable regulations within the life insurance sector.1. Fraud Prevention and Investigation:

• Develop and implement a robust fraud risk management framework,

encompassing prevention, detection, and investigation.

• Establish and maintain a system for reporting and investigating

suspected fraud incidents, including policy fraud, agent fraud, and
internal fraud.

• Conduct thorough investigations of fraud allegations, gathering

evidence and preparing detailed reports.

• Implement fraud detection and prevention technologies and tools.
• Collaborate with law enforcement agencies and regulatory bodies on

fraud investigations as needed.

• Analyse fraud trends and develop strategies to mitigate future risks.
• Establish and maintain a Whistle-blower program.

2. Internal Assurance:

• Develop and execute a risk-based internal assurance plan to evaluate

the effectiveness of internal controls, risk management processes, and
operational efficiency.

• Conduct independent reviews and audits of various departments and

processes, identifying areas for improvement and recommending
corrective actions.

• Assess the adequacy and effectiveness of internal control systems to

mitigate financial and operational risks.

• Evaluate the company's compliance with internal policies and

procedures.

• Prepare detailed audit reports and present findings to senior

management and the Audit Committee.

• Monitor the implementation of corrective actions and follow up on

audit recommendations.

• Provide advisory services to management on internal control and risk

management best practices.

• Assess operational efficiency and identify areas for cost optimization.
• Conduct reviews of claims processing, underwriting and other core life

insurance functions.

• Conduct system audits to ensure data integrity and security.

3. Leadership and Management:

• Lead and manage the internal assurance and fraud control team,

providing guidance, training, and development opportunities.

• Foster a culture of ethical conduct, integrity, and professionalism.
• Build and maintain strong relationships with key stakeholders, including

senior management, regulators, and external auditorsResponsible for developing, implementing & overseeing fraud control programsLeadership role with a leading life insurer

• 15 years' experience in fraud investigation and internal audit/assurance

roles within the life insurance industry.

• Strong understanding of internal control frameworks (e.g., COSO) and

risk management principles.

• Proven track record of conducting effective fraud investigations and

internal audits.

• In-depth knowledge of the Companies Act and other relevant corporate

governance regulations.

• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication, interpersonal, and presentation skills.
• Ability to work independently and as part of a team.
• Strong leadership and management skills.
• Experience in dealing with regulatory authorities.
• Experience with data analytics and audit software.

Client is one of the leading life insurers.

• Leadership role

Michael Page