Internal Control Specialist | NSW - Sydney

Job reference number: ALL/EXT/1391513


When you work at Allianz, you're part of a strong global insurer, helping to protect over 3 million Australians. We value diverse thinking, so your ideas and innovative mindset will be warmly welcomed. You'll experience a friendly environment working with talented people, where you'll be included and have your capabilities recognised. And you'll be supported to reach your full potential and enjoy an enriching career.


Due to our continued commitment to front line Risk & Compliance capacity and capability we have a newly created role sitting within Retail Distribution (RDD).  RDD takes prime responsibility for the end-to-end customer experience and as such requires an effectively designed and executed internal control environment in order to protect and delight the customer experience, whilst enhancing Allianz's business model through which it operates.

Reporting directly to the General Manager the Internal Control Specialist provides the RDD business lines with embedded subject matter expertise in the design, implementation and ongoing effectiveness of internal controls to ensure robust, compliant and resilient end-to-end operating processes exist that protects the business, enhances competitive advantage and delivers a fit-for-purpose model of internal control. 

Your key responsibilities include:

  • Take the lead in working with the business to articulate and document detailed end-to-end operating processes and, using a risk based approach, identify the optimal internal control points.
  • Examine any existing internal controls in place to determine if the design and experience to date are sufficient to fit the purpose for which they are designed. In doing so, take account of any relevant prior incidents, reviews and recommendations.  
  • For those processes where internal control weaknesses exists (either completely absent or sub-optimal), work with the business and other operational support functions to design efficient and practical internal controls (both preventative and detective controls) that will meet the desired outcome going forward. This may involve interim manual work-arounds and/or combinations of full or partial IT solutions. 
  • Work with the business and other operational support areas to implement the new controls and/or control improvements until it forms part of the BAU operating model.
  • Review and refine internal controls as and when changes to the business operating environment occur, including amendments to products, terms of distribution arrangements, the IT environment as well as organisational and regulatory change.   
  • In the short to medium term, assist on an 'as-needs' basis with remediation activities currently being undertaken as a result of incidents and breach notifications currently in train.   

To be considered for this role you should possess:

  • 4-7 years' experience in end to end process and/or systems mapping with identification of key control points and improvement opportunities
  • Tertiary Qualifications in business, engineering, IT or related fields
  • Risk & compliance control expertise both in design and how assurance testing would take place, at least equivalent to a Risk & Compliance line 1 or 2 role  
  • Strong analysis expertise - analysing information, probing for clarity, producing solutions, making judgements, thinking systemically
  • End to end process mapping and best practice internal control identification
  • Operational Process Design Excellence - focus on Internal Controls
  • Strong micro-project management and stakeholder management experience
  • Exposure to the operations of an insurer or other financial services organisation
  • General knowledge of common processes around IT change, applications and data management   
  • Six Sigma or equivalent useful but not essential
  • Audit background useful but not essential

Search Tips

Close