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Audit Manager, Australia

Munich Re - Sydney, NSW

Any Industry
Source: uWorkin

Source: uWorkin


Based on our mission of “impactful, agile auditing that really matters!”, Group Audit provides assurance and advice to all levels of internal management. As part of the global Audit Community, we assess whether processes, structures, systems, and activities within the reinsurance group comply with external and internal requirements. We advise divisional units, central divisions and subsidiaries on how to design and document their internal control systems and on governance topics. In this context, the Audit manager is responsible for assessing the risk environment primarily in Australia.

We are looking for an experienced person to fill the position of Audit Manager. You will be responsible for:

  • Performing audits for Munich Re entities in Australia and New Zealand
  • Adding value with commercial knowledge of the business within the Asia/Pacific Region and be able to contribute to audit planning and adding value to the business
  • Providing value-adding insights to the business on how to improve the system of governance, risk management system/ICS, as well as operational processes or structures
  • Develop, implement and maintain a risk based internal audit plan, aligned with the business and with the Audit Committees of the assigned companies
  • Efficient performance of all regular and special audits based on the standards of the Institute of Internal Auditors (IIA), local regulations and Group Audit requirements
  • Coordinating all auditing issues and ensuring excellent communication with management
  • Issuing audit reports of high quality with particular attention to major or serious deficiencies and to the measures agreed to remedy them
  • Monitoring of the implementation of agreed measures to remedy deficiencies appropriately and in a timely manner
  • Quarterly reporting to Group Audit and to the Audit Committees
  • Leading the audit team in Sydney and performing the quality assurance on the work
  • Being an active member of the regional Hub in Singapore and the global One Audit Community

Your profile

Education / Qualifications:

  • University degree, preferably in Finance, Economics, Actuarial Science or Law
  • At least 5 years professional experience in internal audit, compliance, risk management or related functions, ideally in the finance or (re-)insurance industry. Relevant business experience would be an asset.


  • Experience in audit data analytics, e.g. ACL, is preferred
  • Knowledge of the Australian (re)insurance market and APRA regulations
  • Management experience, ideally in an international / matrix environment

Skills and Competencies:

  • Management experience, ideally in an international / matrix environment
  • Team player, proactively sharing knowledge, highly motivated and with a precise working method as well as intercultural competencies
  • Excellent analytical skills and ability to understand complex issues
  • Modern audit methodology skills, e.g. Agile, Data Analytics

We believe great companies are all about great people, and we are committed to attracting and nurturing the very best talent; experts passionate about their field and curious to explore new horizons.

As a part of the Munich Re Group, one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions, Munich Re Australasia offers financial strength and stability.

As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. We are dedicated to being a trusted partner to our clients in all matters of risk. We invest in digitalisation, artificial intelligence, data analytics, insurtechs and automation to develop future-focused solutions that meet client needs today and in the future.

Are you curious, client-centric and passionate about making a difference to our future through managing risk? Then come and join our team of experts who are shaping the future.

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.