Head of Internal Audit

Location: Hong Kong
Job Type: Permanent
Industry: Corporate Functions
Reference: 33672
Job Published: January 08, 2021
  • Head of department
  • Banking experience preferred
  • Competitive package

 

Major Responsibilities:

•       Being the Team Manager in the Internal Audit Function, as the third line of defense of the virtual bank, and overseeing the delivery of quality risk-based audits and on hoc  reviews as required on time, by providing clear guidance and technical input

•       Managing Virtual Bank stakeholders and establish good working relationships to improve the control environment and keep abreast of risk profiles changes in the business impacting the 1st and 2nd line units

•       Responsible for Internal Audit functions such as annual audit planning, risk assessment, on-going risk monitoring and training

•       Review the annual audit plan, audit procedures and audit methodology and present to Audit Committee for approval and recommendations

•       Performing risk assessments of Virtual Bank’s control environment for business lines, operating environment and supporting functions

•       Developing & implementing tools to analyze data to improve audit efficiency and effectiveness, ultimately be a source for analytics that business units adopt to provide business insights or for continuous auditing

•       Performing risk-based and regulatory audits covering business lines (e.g. corporate, retail banking business) and support functions (e.g. Anti-Money Laundering)

•       Possessing expertise in regulatory requirements (e.g. HKMA Supervisory Policy Manuals)

•       Following up audit recommendations post-audit, assessing residual risk, validating remedial work performed and documenting and closing issues

•       Reviewing Internal Audit’s continuous monitoring program, in order to identify changes to risk assessments, audit plan

•       Leading ad hoc independent reviews where required, through participation on advisory engagements / special projects

•       Leading independent fraud investigation as required

•       Acting as a Team Leader to share knowledge, skills and experience with team members to enhance their professional career development.

•       Ensuring early identification and escalation of emerging risks, issues, trends and developments in the virtual bank industry

•      Representing Internal Audit at governance committees, and providing insights and meaningful challenge, e.g. Audit Committee, Risk Committee

 

Key Requirements:

•       University graduates or above in related disciplines

•       At least 11 years of solid working experience as a professional auditor or banking business practitioner with core audit and business skills, particularly Corporate Banking / Retail Banking / Risk / Anti-Money Laundering / Customer Due Diligence

•       Professional audit qualifications, e.g. CPA, CIA, CFA, CAMS, CFE are added advantages

•       Good understanding of the banking industry and possess strong technical knowledge

•       Sound knowledge of relevant regulatory requirements (e.g. HKMA Supervisory Policy Manuals) and best practices in the industry

•       Good interpersonal skills with the ability to present complex and sensitive issues to senior management, and influence change

•       Able to work independently and proactively, demonstrating a strong sense of ownership and commitment to delivery quality audits on time

•       Confidence to deliver tough messages and engage in difficult conversations

•       Quick learner and having strong interests in fintech

•       Ability to think critically, objectively and "think outside the box" when analyzing issues and recommending / developing solutions

•       Excellent verbal and written communication skills in English and Chinese