July 11, 2023

Compliance/Risk- Manager, Internal Audit

Location: Rosemont/Chicago, IL

Kuvare is a growth-oriented insurance platform that delivers diversified annuities, life insurance, and supplemental products to the middle-income and mass-affluent consumer segments through its acquisition-led growth strategy. Kuvare provides proven capabilities, strategic support, substantial resources, and patient capital to help insurance companies pursue and achieve sustainable growth opportunities. With its patient capital, Kuvare targets differentiated annuity and life insurance companies to bring into its family of brands.


This position is a high profile role and reports to the Audit Committee Chair and the Head of Enterprise Risk Management. The position is responsible for the development and execution of the annual internal audit plan, including Model Audit Rule, working with outsourced Internal Audit provider(s), and serves as a contact for the Audit Committee, oversees the monitoring of the Company’s reporting hotline and any related investigations, and provides support to the annual external audit. This entails identifying relative risks; executing fieldwork, including business unit interviews and documentation and testing of processes and controls; overseeing the drafting and vetting of findings, issues and related actions plans.

Duties and Responsibilities

Duties and responsibilities include, but are not limited to

  • Maintenance of a dynamic audit universe, providing updates to the risk assessment and keeping it evergreen by identifying new activities based on significant changes to company
  • Oversee formal audits identified through annual comprehensive business risk assessment across the full spectrum of the audit cycle of planning, fieldwork and reporting. This includes but not limited to:
  • Preparation of audit programs and other procedures to test controls
  • Preparation and communication of action plans to remediate any audit findings
  • Establish relationships with business line and control functions at all levels
  • Track and maintain internal audit reports and follow-up action plans and escalate issues to Audit Committee, as needed
  • Assist stakeholders with developing action plans and solutions to audit findings
  • Oversee all project management responsibilities for Model Audit Rule, including but not limited to, assisting management in identification, evaluation and documentation of key processes, risks and controls, operational effectiveness testing and assistance with developing remediation action plans
  • Oversee the monitoring of the Company’s reporting hotline and complete any related confidential investigations of reports made via voicemail, email or other methods. Work is completed in collaboration with General Counsel and Compliance
  • Develop positive working relationship with external auditor and provide support with annual audit and other related projects
  • Supervise team members including co-sourcing resources and review work performed for quality control
  • Keep abreast of industry and product specific developments and raise any risk and control related topics of interest to management
  • Other duties and projects as assigned by the Audit Committee or the Head of Enterprise Risk Management

Upon request, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.



  • 7 years+ internal or external auditing experience with a preference given for individuals with public accounting audit backgrounds
  • A Bachelor’s degree with a concentration in finance or accounting
  • CPA, CFA and/or MBA is strongly preferred
  • Strong working knowledge and experience with Model Audit Rule and/or SoX requirements
  • Demonstrated supervisory and leadership skills
  • Strong interview skills – preparation in framing questions, anticipating answers and follow-up questions
  • Solid understanding of Excel, PowerPoint, Access and common internal audit workpaper tools (i.e., automated workpapers)


  • Strong organizational skills with elevated level of attention to detail
  • Demonstrated persistency and ability to deliver results under pressure
  • Excellent interpersonal, verbal communication and proofreading skills
  • Proficient with Microsoft Office, etc.
  • Must be a flexible self-starter who can prioritize tasks, follow through and meet deadlines
  • Ability to work independently with minimal supervision

Physical Demands

  • Normal office working environment, full time with some flexibility
  • Occasional evening and weekend hours to meet deadlines
  • Occasional travel is required

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