AmMetLife Insurance Berhad

Location: Kuala Lumpur, Malaysia

AmMetLife Insurance:

AmMetLife Insurance Berhad (AmMetLife) is a long-established insurer (incorporated on 17 September 1973) in Malaysia. AmMetLife is a strategic partnership between AMMB Holdings Berhad (AmBank Group) and MetLife International Holdings, Inc. With the coming together of AmBank Group and MetLife on April 30, 2014, and leveraging on the shared core values of integrity and innovation, AmMetLife aims to be a leading customer-centric and modern insurer in Malaysia.

We are focused on meeting our customers’ diverse needs with innovative solutions at different stages of their lives, making it easier and simpler for families and individuals to achieve financial security and pursue more from life.

AmMetLife offers a comprehensive range of life insurance and wealth protection solutions distributed through the AmBank Group’s network of nearly 200 AmBank and AmMetLife branch offices nationwide. Additionally, the strength of its team of authorized life insurance agents provides comprehensive coverage and reach across Malaysia.


About the Internal Audit Function:

Internal Audit (IA) is an independent assessment group established within AmMetLife as a service to Management and to the Audit and Examination Committee of the Board of Directors. It is a group that functions by examining and evaluating the adequacy and effectiveness of enterprise-wide controls with a risk-based focus. This role is designed to specifically cover the financial and operational audits within AmMetLife Malaysia to fulfill the increased business need in view of risks presented at both internal and external environment. The individual will be further supported by shared specialists in finance, investment, actuarial, technology, and data analytics within the Global Audit team in order to provide high-quality audit services to the business under an efficient and cost-effective operating structure.

Successful candidates will be able to develop their long term career advancement within the organization globally and gain varied experience and exposure to the full range of business within MetLife.


Key Responsibilities:

 To effectively assist the Life Insurance Head in all functional and administrative matters as and when required;

 Review of business and financial processes/practices to ensure compliance with BNM regulatory requirements, AmMetLife policy, and MetLife policy, use of complaint best practices, procedural efficiency and accuracy;

 Contributes to or prepares reports of audit findings for business managers and proposes recommendations for changes as needed. Prepares report for senior management or larger-scale audit assignments;

 Conducts or assist in comprehensive process audits, using department guidelines, knowledge of best practices, and understanding of controls to provide management with an independent appraisal of the control environment surrounding business processes or activities;

 Assist with all aspects of an audit including planning, testing and reporting;

 Prepare audit assignment plan, work plan, and audit programs for Audit Head review;

 Conduct audit assignments including system review, identifying operational shortcomings,review compliance with regulatory requirements, and internal control policy procedures, policy and sound business practices and making recommendations for improvements;

 Periodically brief the Audit Head on the progress of the assignment and report promptly where a significant finding or issue is noted;

 Discuss audit findings with the auditees and obtain their comments;

 Documents work within accepted audit and departmental standards;

 Interacts with business clients to understand processes, risks & controls, develops process maps, conducts testing and assist with the preparation of audit reports;

 Track and follows up on open issues and key business initiatives;

 Conduct other assignments and assume responsibilities for other tasks as directed by the Audit Head.


Candidate Qualifications:

Business Knowledge/Technical Skills:

 Excellent written and verbal communications skills;

 Strong interpersonal and relationship management skills;

 Ability to stay abreast of key regulations and be able to assess their impact on the internal audit process;

 Ability to collaborate cross-functionally;

 Ability to effectively tailor messaging to varying audiences;

 Ability to understand a wide range of products, business processes and systems;

 Experience in the life insurance industry;

 The ability to work to deadlines; and

 Experience of working in a multinational company.


 Bachelor’s degree in a specialty area such as accounting, finance or business administration;

 Minimum 6-8 years of hands-on accountancy or auditing experience preferable in the insurance industry;

 Preferably with knowledge and ability to perform data analytics;

 Able to work independently with minimum supervision;

 Competent knowledge of Generally Accepted Audit Standards, IIA standards;

 Strong written and verbal communication skills. Including interviewing and presentation skills; and

 Ability to communicate effectively with peers, clients and management and to work effectively in a team environment.

Interested candidate may email their resume to [email protected]