Audit Manager

5 hours ago

Sydney, New South Wales, Australia Munich Re Full time $104,000 - $160,000 per year

Group Audit (GAudit)
is an independent governance function, supporting the Audit Committee and Board of Management of MR AG in executing its tasks and strategic initiatives ("Ambition 2025+"). By means of our key products
"Standard Audit", "Sprint Audit", and "Advisory Reports
" we provide
"impactful, agile and collaborative auditing services"
to our clients around the globe.

As part of the Global Audit Community, we assess whether processes, structures, systems, and activities within the 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.

The Audit Manager
, functionally reporting to the Regional Head of Audit APAC & MEA, provides objective and independent assurance on the effectiveness of governance, risk management and internal controls primarily within Australian entities with occasional involvement in other APAC & MEA units and is responsible for:

  • Performing audits and advisory for Munich Re entities in Australia
  • Leveraging business insight to strengthen audit impact and deliver value-added assurance and advisory services
  • Developing and contributing to the comprehensive, risk-based and impactful rolling audit plan

Your job

  • Plan and execute risk‑based audits - including regular, special and joint engagements - in line with IIA, local regulations and Group standards, reprioritising the rolling audit plan as risks evolve.
  • Keep abreast on regulatory requirements and business changes for Australia; translate changes into targeted audit scopes and timely plan adjustments to focus on what matters most.
  • Deliver clear, timely reports and drive remediation to closure, highlighting material deficiencies, agreeing pragmatic actions, tracking issues and on‑time implementation.
  • Provide constructive, evidence‑based insights that strengthen governance, risk management and internal controls, leveraging data analytics and audit tooling to increase coverage and speed.
  • Lead and develop the Sydney team and coordinate across stakeholders—management, the regional hub in Singapore, and the Global Audit Community—to ensure consistent quality and shared learning.

Your profile
Education / Qualifications:

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

Experience:

  • Knowledge of the Australian (re)insurance market and APRA regulations
  • Management experience, ideally in an international / matrix environment

Skills and Competencies:

  • Team player, proactively sharing knowledge, highly motivated with intercultural competencies
  • Excellent analytical skills and ability to deal with complex issues
  • Excellent communication and stakeholder management skills; proven ability to influence outcomes while remaining independent

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.

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