Corporate Vice President, Business Application Controls Leader

Job Description

Posting Date: Apr 9, 2024

Location: New York, NY, US

Company: New York Life Insurance Co

Location Designation: Hybrid 

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

This position is hybrid – Tuesday – Thursday in the New York Office and Monday and Friday work from home.

This Corporate Vice President Business Application Controls (BAC) position will lead all aspects of application technology audits including planning, scoping, control assessment, test design and execution, and reporting. The position will be based at the Company’s headquarters in New York City and expected to follow a hybrid schedule of onsite and remote. The position will report directly to Head of IT Audit. The role focuses on application controls as part of integrated audits and advisory service within the insurance, agency, investments, and corporate functions universe as well as core technology audits. This position will also be responsible for assisting with ongoing risk assessment and continuous monitoring activities.

Specific Responsibilities Include:

Business Application Audit Collaboration

• Partner with Life Insurance/Annuities/Long Term Care Foundational Business, Corporate, and Investment sectors audit teams to understand the intricacies of business applications and their controls. 
• Lead all auditing phases (Scoping, Testing, Reporting, Issue Validation) of ITAC/BAC audits.

Audit Planning and Execution

• Oversee the planning and execution of business application audits, ensuring alignment with internal methodologies and industry best practices specific to insurance and investments.

Risk and Control Audits

• Working background leading audits of Business and IT Application controls.
• Identify and articulate risks and controls specific to business applications within Life Insurance/Annuities/Long Term Care Foundational Business, Corporate, and Investment sectors. 
• Lead stakeholder walkthroughs and design control tests tailored to these business areas.

Client Communication

• Maintain open lines of communication with internal clients throughout the audit cycle. Clearly define audit scope, evidence requirements, and provide actionable insights based on audit findings.

Audit Status and Reporting

• Provide real-time updates on audit progress, including early identification of potential issues and recommended next steps. Manage time effectively to balance multiple priorities, including stakeholder engagement and departmental initiatives.

Cross-Functional Coordination

• Coordinate with other control functions within the organization to optimize the audit process, specifically focusing on business applications within Foundational Business, Corporate, and Investment sectors.

Team Leadership

• Mentor and guide team members in understanding business application controls, risk assessment, and audit methodologies specific to the insurance and investments industry.

Professional Development

• Stay abreast of industry trends and regulatory changes specific to insurance and investments, and align audit activities accordingly.

Adaptability and Decision-Making

• Adapt to rapid organizational changes and make informed decisions autonomously, while keeping the team and senior management informed.

Qualifications:

• Minimum of 10 years of experience in business application controls, preferably within the insurance and investments sectors.
• Expertise in assessing business application-related risks and controls specific to elements of Life Insurance/Annuities/Long Term Care Foundational Business, Corporate, and Investment businesses.
• Comprehensive understanding of relevant regulations and frameworks (e.g., GTAG, COSO, COBIT) specific to insurance and investments organizations.
• Bachelor’s degree in Information Systems, Accounting, or a related quantitative field.
• Holds or is actively pursuing a professional certification such as CISA.
• Demonstrated ability to manage multiple projects, adapt to changing priorities, and deliver results on time.
• Exceptional communication and relational skills.
• Self-starter, resilient under pressure, and highly responsible.

This position is hybrid – Tuesday – Thursday in the New York Office and Monday and Friday work from home.

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Salary range: $115,000-$175,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We’re proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com