Business Audit Lead

As a Business Audit Lead you'd be able to work on and solve many interesting challenges which we are facing, learn new ways of working, and help build delightful high quality products for our customers.  

 

Job Description 

The successful candidate will assist the Head of Audit in the development and execution of an Audit plan in accordance with the Bank’s Audit Charter to provide assurance that key risks (including emerging risks) pertaining to the audit universe are managed. The role will require diverse and strong skillsets to provide assurance on wide range of areas including governance and risk management, retail products, compliance and operations. It involves undertaking risk assessments, lead and perform internal audit engagements of diverse business units or functions to deliver the audit plan established. The candidate should have a passion for risk management and able to work collaboratively with our audit stakeholders and provide timely and trusted advice in matters relating to risk and controls. As a digital bank and growing venture, the role offers rare opportunity to partner across all business units to define innovative and automated audit approaches.

This is a high-profile role and a unique, challenging opportunity to be part of an end-to-end process to build a strong audit function within the new virtual bank.

 

The Role Responsibility: 

• Promote collaboration and strong culture across business units to address risk and control issues.
• Act as liaison with Management to ensure full understanding of business strategy, plans, products, performance and risk-related issues at business unit level and communicating these to the relevant Audit Team members via bottom-up continuing risk assessments and dialogue.
• Perform, support or lead where directed, the planning, fieldwork, and reporting of internal audit engagements to deliver agreed assurance objectives to established standards and timelines.
• Actively track and escalate, where appropriate, significant issues and audit findings that remain unresolved.
• To help develop and maintain a robust risk assessment process for documenting and communicating the results of assessment, the consolidated audit plan and strategy for the assigned portfolios and / or business functions.
• Maintain effective relationships with internal stakeholders to provide input / assistance on developing their audit approach as required.
• Provide non-assurance services to business units where required, through active participation on advisory engagements / special projects within the Bank.
• Where undertaking the role of Team Lead, provide performance feedback to team leaders and team members.
• Share knowledge, skills and experience with team members to guide and assist in their development.
• To identify, clearly document and escalate significant risk and control issues.
• To assist the Head of Audit to ensure accurate and timely management reporting to the Audit Committee and Senior Management.

 

Role Specific Technical Competencies:

Skill	Target proficiency level
Retail Banking	Expert
Governance and Risk Management	Expert
Compliance (including regulatory and financial crime compliance)	Expert
Operational Risk	Expert
Finance and Liquidity	Expert

  

Our Ideal Candidate: 

• 8+ years of working experience as professional auditors or business practitioners with core audit skills, particularly Retail Banking / Governance and Risk Management / Compliance (including regulatory and financial crime compliance) / Operational Risk / Finance and Liquidity.
• Proven hands-on usage of data analytics in audit work would be advantageous with specific skills in Basic SQL and / or Python
• Knowledge of key Singapore regulatory requirements and international standards and their impact on the bank and financing business.
• Enjoys working in a dynamic environment, are passionate about risk management and can focus on key issues and the details that come with it.
• Strong understanding of risk and control, including experience in formulating risk and control statements, designing and conducting control testing, documenting audit outcomes and participating in report writing.
• Strong interest and desire to learn about virtual banking and modern technology. Ability to think strategically and participate in building a future dynamic audit model and overall perform role of ‘Change Leader’.
• Demonstrates ability to work independently, seek guidance when needed, ability to multi-task without loss of quality.
• Flexibility to work across different functions and situations, and change priorities at short notice.
• Demonstrate ability to think critically, objectively and “think outside the box” when analyzing issues and recommending / developing solutions.
• Effective written, verbal and presentation communication skills.
• Engagement in professional certification activities, including completion of mandatory Bank-sponsored industry certification where appropriate.
• Professional audit certification preferred (CPA or CIA equivalent), additional specialist qualification would be an advantage (e.g. CAMS, CISA, etc.)