Senior Associate, Product Internal Audit (Insurance)
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Senior Associate, Product Internal Audit (Insurance)
Ref No.: 16-02787
Location: New York, New York
Position Type:Direct Placement
Start Date: 07/27/2016
The Senior Associate, Product Internal Audit will be part of the Life Insurance and Long Term Care Product division, and will be responsible for performing audit reviews of the Division's drafting, filing, testing and research work to identify errors and/or deficiencies in the process. Additionally, this role will be responsible for managing record retention for this Division.

Key Responsibilities include:
  • Working independently, conduct thorough in depth audit and reviews to identify control deficiencies, and to ensure the process is operating effectively and efficiently. In addition, ensure the process is complying with regulatory, statuary and procedural requirements.
  • Complete reviews timely by meeting established target dates.
  • Maintain a strong working knowledge of our research, drafting and filing best practices and procedures as well as our administrative systems and product rules.
  • Provide weekly update to management on product activities.
  • Based on information gathered during audits, propose process improvements and recommendations to management.
  • Continuously look for ways to improve the internal audit process. Build relationships with the business areas management to ensure that meaningful and value added reviews and recommendations are being made.
  • Participate in special projects as assigned by the Manager, such as providing support on Market Conduct Issues and Exams.
  • Work closely with Corporate Compliance to ensure compliance with most recent regulations and changes in the insurance market.
  • Bachelors Degree
  • 4 to 6 years of compliance experience in the financial services industry in a product environment, with preference for experience with life and/or long term care insurance products
  • Excellent business writing skills; extensive understanding of financial services products, services, and systems as well as Microsoft Word and Excel required.
  • Prior internal audit experience required.
  • Strong organization and time management skills
  • Proficient with Microsoft Office software
  • Knowledge of SharePoint a plus