AVP - International Audit ( experience of Singapore and HK market)

Profile

This role is responsible to provide risk based audit coverage and regulatory audit coverage for all the international locations that FGB Group operates including international branches, representative offices, subsidiaries and associates. This includes conducting all aspects of Operations/Credit/Financial Audits to ensure audit coverage of Credit Risk, Market Risk, Compliance & Regulatory Risk, Operational Risk, IT Security & Technology Risk, Finance and HR in all business lines of the Bank operations in International locations. The roleholder is expected to play a significant role in identifying and advising the management the overall risk level/direction of the bank in operations and recommend corrective measures where required. He is responsible for assuring the management that internal controls are effective in design and operation. This role contributes to the audit process by developing and leading an audit team and conducting comprehensive evaluations and enhancing effectiveness of operational efficiency, internal control environments and protection of assets as part of an audit team. The role will basically work towards enhancing the effectiveness of the control systems in protecting the interests of the organization and its shareholders

Key Responsibilities

•To assist in the development and execution of the annual audit plan for International operations coverage.
•Managing the implementation and execution of the annual audit plan (international operations), ensuring that firm timelines are met.
•Ensuring that audit planning, audit fieldwork, report writing and other related processes are executed as per schedule.
•Assessing the risk and control environments through rigorous evaluation of risk management practices and policies, existing controls and adherence to Country
•Compliance laws and other relevant local & International laws and regulations of the relevant international location.
•Ensuring adherence to bank’s audit policies, procedures as well as internationally accepted auditing standards.
•To actively participate in cross-country peer reviews and validate the control environment and identify any key issues in the control design.
•To frequently interact with regulators across international locations including dealing with their inquiries.
•Safeguarding the Bank against potential loss by reporting whether FGB standards are effectively carried out and are efficient in the Branch/Representative Office/Subsidiary/Associate audit.
•Contributing to the cost effectiveness of the department by keeping within time limits, coordinating and planning activities as effectively as possible within the guidelines laid down & reviewing audit techniques when applicable.
•Detecting anomalies /weakness in systems and customer services and developing ways to improvise.
•Liaising with the Audit Committee to ensure appropriate supervision over organizational policies, financial reporting and risk management.
•Liaising with External Auditors, Regulators, External Examiners and Consultants.
•Reviewing the accuracy and reliability of accounting records, financial statements, external reporting including tax reporting related to overseas operations.
•Reviewing and reporting on the extent to which the established objectives and goals for operations or plans have been implemented.
•Recommending the development, implementation and continuous enhancement of internal audit procedures, standards and methodologies.
•Identifying areas of inefficiencies and non-compliance with applicable policies, rules and regulations during the review process.
•Ensuring a good overall awareness of the technical developments and challenges facing the organization.
•Assisting the Head of Internal Audit in special audits and fraud investigations related to international locations.
•Developing teams by providing guidance and on the job training on audit processes and procedures for their area of focus.
•Being aware on new business plans, initiatives, events, etc. in the organization.
•Discussing with the line management and reaching agreement on audit findings & responding to audit queries following audit reports.
•Inculcating a culture amongst bank staff that auditing is a support and assurance function carried out by independent professionals for the benefit of all staff at various levels in the organization.
•Reviewing and Analyzing the Audit Methodology and Operation in search for greater efficiency, impact and being in line with industry practices.

Educational Qualification
Degree in Accounting or Banking qualifications or similar qualifications with relevant experience in Banking.

Work Experience
Minimum 10-15 years of work experience in audit management in the financial services industry
Minimum 10 years experience in working in Asia Pacific region including emerging markets

Desired Skills and Experience