IT Internal Auditor

IT Internal Auditor

As part of Group Information Technology Audit (GITA) you provide IT audit services to Munich Re’s North America entities as well as Group IT to assist Senior Management in the achievement of the Company’s strategic objectives.
As a trusted advisor, The IT Internal Auditor:
• Builds effective relationships while providing independent value added internal audit services

• Independently or through participation on engagement teams conducts independent assessments of Munich Re’s internal control environment

• Provides reasonable assurance regarding the effectiveness of IT systems, governance, compliance, risk management, and internal controls systems

Major Duties and Responsibilities:
The individual in the Internal Auditor role demonstrates the ability to independently apply the department’s audit methodology. They participate in all phases of the audit from planning to reporting, including understanding business operations, scoping the audit, identifying risks and controls, designing and executing testing with minimal oversight and assisting with the writing of audit reports.
• Execute information technology (IT) and integrated audits in areas such as General Controls, IT Governance, IT project lifecycle, system conversion and pre-implementation reviews and Third Party Risk Management.

• Review and assess compliance of IT systems and processes against IT directives, policies, standards and industry best practices frameworks.

• Independently conduct thorough risk analysis, control identification, as well as conclude on the effectiveness of processes and design of controls. Interpret the associated risks, develop testing approaches, and propose solutions. Identify control gaps and control performance exceptions and independently evaluate the potential impact.

• Effectively communicates orally and written in both technical IT and non-technical terms to Operational and IT management. Make sound recommendations for audit finding rankings and effectively support conclusions during discussions with audit clients.

• Conducts data analysis to facilitate audit scoping and testing.
• Share knowledge with broader GITA and North American Audit Hub (NAAH) teams and takes an active role in facilitating the training and development of less experienced team members.

Qualifications:

• A Bachelor's degree in information systems, computer science, engineering, business/finance or equivalent training along with relevant technology experience are required. Insurance industry experience preferred.

• Two or more years of IT Audit or information technology experience with a focus on security, risk management, or system development.

• Knowledge of IT auditing standards and control frameworks such as IIA, COBIT, NIST Cyber, CSC, and ISO2700x.

• Intermediate knowledge of internal audit practices, and financial and operational process documentation. Demonstrated ability to evaluate internal controls, effectively execute large portions of an audit independently, analyze and solve complex problems and conduct research.

• Experience performing audit testing and documenting workpapers preferred.

• Strong communication skills with an ability to express ideas clearly, concisely and persuasively both verbally and in writing.

• Demonstrate technical knowledge of routine business processes and continue development of technical and analytical skills to understand more complex business processes.

• Understanding of artificial intelligence, generative AI, machine learning, and related technologies, including associated governance, security, privacy, compliance, and operational risks.
• Familiarity with applying data analytics, automation, or AI-enabled tools within audit, risk management, cybersecurity, or technology operations environments is preferred.

• Progress towards completing the CISA or CISSP exam is preferred. The completion of other insurance or audit related certifications is a plus.

At Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
Our base salary range for this role is between $80,000 and $92,000 CDN per year, plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.

This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for a new vacancy.
We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.