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Vice President, Internal Audit Department

Sumitomo Mitsui Banking Corporation Singapore
Posted 29 days ago Permanent Competitive

Responsibilities

  • Execute the assigned tasks to the required quality, agreed sample sizes and depth and the agreed timeline as per the guidance issued
  • Conduct effective communication with the auditee to understand their processes comprehensively
  • Analyse the processes thoroughly and determine the appropriate test steps to adequately tests the risks identified
  • Conduct the audit to address the risks identified and achieve the audit objectives, to make a significant contribution to the success of each audit
  • Contribute significantly to the timely completion of the audit
  • Produce working paper documentation that:
  1. Clearly documents the process
  2. Identifies all key controls
  3. Tests all key controls and any key controls not tested are duly justified with approvals from AIC
  4. Conclusion of audit objective is clearly documented and justified
  • Produce ACRs which are clear, concise, and facilitates the understanding by the readers and which supports the risk of the ACRs
  • Makes value added recommendations which help address the root causes and risks of the issues identified
  • Actively support the improvement of internal control within the Bank via activities which do not compromise the independence of the IA function
  • Take the lead to review and comprehensively assess the risks of new products introduced and communicate concerns as well as enage the auditees to recognise the risks
  • Be a proactive mentor to the junior team members to provide guidance and positive influence on the right behavior and mindset to help in the retention as well as motivation of staff
  • As an AIC, conduct detailed planning of an audit unit to ensure all the risks are comprehensively assessed with the key risks identified by ensuring thorough understanding of the Branch activities and risks via discussions with both the auditees, CIC, COE etc
  • Supervise and manage the completion of the fieldwork by ensuring implementation of the quality of audit tests via comprehensive identification of key controls and tests
  • Ensuring successful and timely completion of the audit via effective project management and people management both internal and external
  • Ensuring quality of contents of audit report of which the opinion is based on re-verifiable facts supportable by the work done
  • Contribute to the continuous improvement objective of the department via sharing of the areas of improvements and good practices of both process and people
  • Conduct continuous monitoring to the required quality and deliver the CM reports on time by the deadlines stipulated
  • Provide guidance on the COE’s areas of expertise including risks and market practices
  • Keep abreast on the risks, issues and activities relating to the COE’s area of expertise and be a source of information for the audit team
  • Conversant with the Bank’s rules surrounding the COE’s area of expertise to provide guidance to the audit teams on the requirements of the Bank
  • Familiar with the regulatory requirements of each country surrounding the COE’s area of expertise to provide guidance to the audit teams on related local regulations
  • Significant input to the annual risk assessment exercise on the risks of your area of expertise
  • Execute the agreed PI recommendations to the required quality and timeliness
  • Provide constructive suggestions on effective suggestions to improve process and quality internally within IAD
  • Track all H and M risk rated Open ACRs regularly so as to facilitate the weekly and monthly tracking process. Document the status of the remediation clearly and concisely in Auto Audit so as to allow the collation of concise status to facilitate the compilation of the regular status updates via the monthly MIS reports by IAD SNG to APD management as part of IAD SNG's efforts to assist APD management in the governance of ACRs raised in the region
  • Ensure successful and timely completion of All mandatory regulatory, compliance and nominated trainings by due date; and agreed professional trainings
  • Comply and adhere to regulatory, compliance and internal policies in own area of work / business

 

Requirements

  • Must be at least a CPA certified or equivalent of an internationally recognized accounting body
  • At least 6 years of audit experience in the banking industry
  • Strong understanding of audit methodology
  • Familiar with execution of risk-based audit approach
  • Experience in leading audits
  • Candidate must have good command of English and possess strong English writing skills
  • Good interpersonal skills and ability to communicate effectively with both internally amongst the audit team and externally with the auditees and auditee management
  • Good team player and positive attitude is key to the expanding APAC team
  • Disciplined and self-motivated individual. The candidate should possess an eye for detail
  • Able to work independently and require little supervision
  • Works with passion and embrace as well as participate in initiatives to achieve enhanced quality
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