Choong Kwan
About Choong Kwan
Choong Kwan serves as the Head of IT Audit at Convex Insurance, bringing over two decades of experience in IT audit and consulting across various industries. He has held significant roles at notable companies such as Catlin, Lloyd's, and EY, and possesses expertise in disruptive technologies, regulatory compliance, and data security.
Current Role at Convex Insurance
Choong Kwan serves as the Head of IT Audit at Convex Insurance, a position he has held since 2021. In this role, he oversees the IT audit functions, ensuring that the organization's technology systems align with regulatory requirements and industry standards. His responsibilities include assessing technology risks and implementing assurance activities to enhance the company's IT governance framework.
Previous Experience in IT Audit and Consulting
Prior to his current role, Choong Kwan worked in various significant positions within the IT audit and consulting sectors. He was the Information Technology Audit Manager at Catlin from 2014 to 2019 and held the role of Senior Audit Manager at Lloyd's from 2019 to 2021. His career also includes positions at Marsh & McLennan Companies Inc. as Global IT Audit Manager and at EY as Senior Consultant in External Audit.
Educational Background and Professional Qualifications
Choong Kwan studied at the University of Sydney, where he earned a Bachelor of Economics with majors in Economics, Accounting, and Commercial Law from 1992 to 1995. He furthered his education at Chartered Accountants Australia and New Zealand, achieving the status of Chartered Accountant (ACA). This educational foundation supports his extensive expertise in IT audit and compliance.
Expertise in Technology and Compliance
Choong Kwan possesses extensive expertise in disruptive technologies, InsurTech, and Cyber Security. He has significant experience in regulatory and compliance areas, including FCA enforcement activity, Solvency II, and KYC. His knowledge extends to data privacy and security standards such as GDPR, NYDFS, PCI DSS, and DLP, which he leverages to drive assurance activities across various sectors.
Contributions to Industry Initiatives
Throughout his career, Choong Kwan has played a key role in various industry initiatives, including providing assurance for the Future at Lloyd's Programme, which focuses on technology-driven changes. He has successfully built and in-sourced technology audit functions at both Lloyd's of London and Catlin, emphasizing technology risks across North America, EMEA, and AsiaPac.