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Director, Internal Audit & ERM

Director, Internal Audit & ERM job! Our Client designs, distributes, issues, administers, and services annuity and related product solutions for individual consumers and institutions worldwide. Our Client is paving the way for industry-leading proprietary technology and system designs, along with third-party platform support for other institutions.

The Director, Internal Audit & ERM job’s competitive base salary salary is $175K to $225K DOE + Bonus. This Director, Internal Audit & ERM job is Remote. Apply now for this excellent Director, Internal Audit & ERM job by following the instructions at the end of this Job description!

Job Summary

Our Client is seeking a Director, Internal Audit & Enterprise Risk Management to establish and lead the company’s internal audit and enterprise risk management (ERM) functions. This hands-on leadership role involves developing a risk-based audit framework, building robust risk management processes, and partnering closely with business leaders to strengthen governance and controls as the company continues to grow.

The Director will report directly to the CFO, Head of Product, and Chief Actuary, while maintaining direct access to the Audit and Risk Committees of the Board. This role offers an exciting opportunity to shape foundational audit and risk programs for a fast-growing annuity and reinsurance business, with the potential to evolve into a future Chief Risk Officer position.

Key Responsibilities

• Internal Audit

  • Develop and execute an annual, risk-based internal audit plan that aligns with the NAIC Model Audit Rule and regulatory expectations.
  • Manage and oversee co-sourced or third-party audit partners to execute specialized audits effectively.
  • Evaluate internal controls, operational processes, and governance frameworks across functions such as finance, operations, compliance, IT, and distribution.
  • Report audit findings and actionable recommendations to management and the Audit Committee, while tracking remediation and control improvement efforts.
  • Coordinate with external auditors, regulators, and internal stakeholders to ensure seamless collaboration and thorough documentation.

• Enterprise Risk Management (ERM)

  • Design and implement the company’s enterprise risk management framework and define the risk appetite statement.
  • Establish consistent risk identification, assessment, and monitoring processes across all business lines.
  • Lead and coordinate the company’s Own Risk and Solvency Assessment (ORSA) process to ensure timely and accurate reporting to regulators and the Board.
  • Develop and maintain dashboards and Key Risk Indicators (KRIs) for executive and board-level review.
  • Collaborate proactively with leaders in Finance, Compliance, Operations, and Technology to embed risk awareness and implement mitigation strategies across the business.
  • Facilitate annual risk assessments and lead engaging risk workshops that foster a strong risk culture.

• Governance and Collaboration

  • Serve as the primary liaison to the Audit and Risk Committees of the Board, ensuring transparent communication and accountability.
  • Collaborate actively with our Client’s asset management firm’s control functions—including Legal, Compliance, Cybersecurity, and Finance—to align on best practices.
  • Provide independent, objective insight into the effectiveness of risk and control environments.
  • Support regulatory examinations and ensure compliance with all state and NAIC reporting requirements.

Qualifications

• Bachelor’s degree required; professional certifications such as CPA, CIA, CISA, CRISC, FRM, or CERA are strongly preferred.
• 10+ years of progressive experience in internal audit, risk management, or assurance roles within the insurance or financial services industry.
• Comprehensive knowledge of life insurance and annuity products, reinsurance structures, and NAIC regulatory requirements.
• Strong understanding of internal control frameworks (COSO), enterprise risk management practices, and ORSA processes.
• Demonstrated success in building and leading new functions within a growth-oriented organization.
• Exceptional communication and presentation skills, with proven experience engaging with senior management and Boards
• High ethical standards, sound judgment, and an ability to balance regulatory rigor with practical business insight.
• Experience working with external auditors, regulators, and third-party vendors to drive accountability and performance.

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