Essential Duties
Review IT systems, documentation and make an assessment of Odyssey’s information technologies and business systems activities to determine operating effectiveness, risk assessment, appropriateness of testing activities in order to achieve established Departmental and external objectives such as PCAOB, COBIT, NAIC insurance regulatory requirements, etc.
Champion Sarbanes-Oxley internal control requirements and conduct reviews and special projects to verify that IT system controls are adequate and operating effectively
Perform ongoing risk assessments for SOX IT’s component with input from the AVP Senior IT Auditor and SVP-Audit to determine the audit risk universe for IT
Review and discuss all internal audit programs for IT with AVP Senior IT Auditor, SVP-Audit and Odyssey’s CIO
Coordinate activities with external auditors
Design and enhance all IT audit efforts, specifically audit methodology and techniques, pursuant to Company and professional standards such as COBIT; assist in the further development of the Internal Audit Guide for Odyssey’s IT area
Coordinate all IT audits with audit staff assigned to perform non-IT audit to optimize audit efforts
Make oral or written presentations to management during and at conclusion of audits, discussing noted deficiencies and recommending corrective action to improve internal operations and reduce costs
Review and discuss audit reports containing any IT audit findings with recommendations for improvements with AVP Senior IT Auditor and SVP-Audit prior to their issuance (reports should always express opinion as to the adequacy and effectiveness of internal control for IT systems and efficiency, where applicable)
Participate in appraising adequacy of corrective actions taken by management to improve the reported deficient conditions
Skills, Knowledge and Abilities
Good knowledge of IT auditing techniques as established by COBIT, including an adequate understanding of insurance industry matters
Adequate understanding of financial and operating controls for P&C insurance companies
Insight in the degree in which internal controls adhere to Company’s IT policies and procedures
Report findings for management appraisal and action, if required
Effective communication of IT audit issues with PwC, external auditors
Travel both domestically and international (20%)
Experience & Education Requirements
Degree with an emphasis on Computer Science, or its equivalent
CISA accreditation preferred
5+ years’ experience in public accounting as an IT Audit specialist
A “team player” who will encourage the open exchange of ideas
Supervisory Responsibilities
This role is responsible for managing one Staff Auditor
Odyssey Re Holdings Corp. and its subsidiaries, collectively referred to as OdysseyRe, is one of the world’s leading providers of reinsurance and specialty insurance. Reinsurance is underwritten through Odyssey Reinsurance Company and specialty insurance is underwritten through Hudson Insurance Company, Hudson Specialty Insurance Company, Hudson Excess Insurance Company, Newline Insurance Company Limited and Newline Syndicate 1218 at Lloyd’s. With a network of more than 30 offices in 13 countries, OdysseyRe is a global enterprise committed to providing local service. Odyssey Re Holdings Corp. is wholly-owned by Fairfax Financial Holdings Limited.