Internal Audit

BNC has been mandated to recruit a Internal Audit for Bahrain (Middle East) Location.

**Responsibilities**:

- Manage a team of Staffs (if needed) or independently deliver SOX engagements for multiple processes across client(s)
- Develop, implement, and maintain internal audit policies and procedures in accordance with local and international best practices.
- Conduct internal audits to assess the adequacy, effectiveness, and efficiency of the established internal controls and procedures.
- Prepare audit plans, define audit scope and objectives, and create audit programs.
- Identify and evaluate significant risk exposures relating to governance, operations, financial, and compliance
- Provide recommendations for improving the organization’s risk management, control, and governance processes.
- Ensure adherence to SOX compliance requirements.
- Perform SOX testing and documentation, and identify any deficiencies.
- Provide guidance and support to management and staff on SOX-related matters.
- Audit specific insurance-related processes, including underwriting, claims, reinsurance, and financial reporting.
- Prepare and present clear, concise, and timely audit reports to management
- Discuss audit findings and recommendations with management and obtain their action plans and timelines.
- Monitor the progress of the implementation of audit recommendations.
- Stay updated with industry trends, regulations, and best practices in internal auditing and insurance.
- Maintain open and effective communication with the audit committee, external auditors, and other stakeholders.
- Support the Manager in conducting SOX scoping, control rationalization and standardization for business processes.
- CA or Semi Qualified CA with 1-5 years of experience in Insurance & SOX is highly preferred.
- In-depth understanding of the insurance industry, including regulatory requirements and best practices.
- Strong understanding of SOX

Application Question(s):

- Do you have experience in Insurance & SOX?