Internal Audit

China Merchants Bank; Sydney; On-site; AUD 100,000 - 150,000; Full time

Job summary

China Merchants Bank is seeking a friendly and hardworking Internal Audit professional to join our Australian team. You will lead end-to-end risk-based internal audit engagements across branch operations, design audit programs, and draft clear reports in English and Mandarin.

The position requires 3–5 years of audit experience in Australian ADIs, Big 4 or international financial institutions, a bachelor degree, and bilingual communication skills.

Qualifications

• 3–5 years’ experience from the internal/external audit experience within an Australian ADI, Big 4 banking assurance practice, or international financial institution.
• Bachelor degree or above in the relevant disciplines.
• CA/CPA Australia/CIA certificate is preferred.

Responsibilities

• End-to-End Audit Delivery: Lead and execute risk-based internal audit engagements across Branch operations in accordance with the approved Annual Audit Plan and internal audit methodologies.
• Control Assessment & Testing: Design comprehensive audit programs and execute detailed testing to evaluate the design adequacy and operational effectiveness of internal controls against internal policies, Group standards, and external regulatory requirements.
• Workpaper & Report Drafting: Prepare clear and standardized audit workpapers (including process walkthroughs, control narratives, flowchart mappings, and testing procedures). Draft audit observations and executive-ready audit reports.
• Fieldwork & PBC Facilitation: Act as the primary operational bridge between external service providers and local business units—managing information requests (PBC), overseeing document collection workflows, pre-screening for completeness and format, and coordinating interviews, walkthroughs, and meetings.
• Issue Remediation & Independent Validation: Maintain centralized tracking register of items arising from audit and review engagements. Proactively track remediation milestones, evaluate implementation evidence, and perform independent validation testing to support formal issue closure.
• Head Office Audit Engagement Support: Coordinate for on-site/desktop Head Office audit engagements by managing end-to-end PBC data collation, pre-screening for completeness and format, scheduling stakeholder interviews, and facilitating finding clearance discussions.
• Head Office Periodic Reporting and Ad-Hoc Task Management: Prepare and deliver bilingual periodic reporting packs to Head Office Internal Audit. Promptly coordinate and execute ad-hoc inquiries, thematic control reviews, and special tasks requested by Head Office.
• Vendor Performance and Budget Control: Monitor outsourced internal audit service provider’s work progress against agreed timeline and deliverables, conduct periodic service quality and performance evaluation.

Skills

Internal audit

Bilingual English and Mandarin

Analytical skills

Communication skills

Education

Bachelor degree or above in relevant disciplines

CA/CPA Australia/CIA preferred

Job description

Established in 1987 in Shenzhen, China Merchants Bank (CMB) is atthe forefront of China's reform and opening-up drive, CMB is China's first joint-stock commercial bank and also the first bank to attend the national experiment for the promotion of China's banking industry reform driven by endeavors from outside the government.

We are the one of the largest banks in the world. We bank our value/strategic customers with a wide range of lending and financial products and services to meet their financial needs. You will have the opportunity to work on all aspects of the deal process, from analyzing new investment opportunities, to negotiating deal terms, to presenting these to the firm's credit committee and rating agencies. More importantly, you will gain invaluable hands‑on experience through exposure to many renowned deal opportunities and interaction with many great clients.

Currently we are looking for a friendly and hardworking Internal Audit with a minimum 3 years of experience to join us.

Key Responsibilities: including but not limited to

• End-to-End Audit Delivery: Lead and execute risk-based internal audit engagements across Branch operations in accordance with the approved Annual Audit Plan and internal audit methodologies.
• Control Assessment & Testing: Design comprehensive audit programs and execute detailed testing to evaluate the design adequacy and operational effectiveness of internal controls against internal policies, Group standards, and external regulatory requirements.
• Workpaper & Report Drafting: Prepare clear and standardized audit workpapers (including process walkthroughs, control narratives, flowchart mappings, and testing procedures). Draft audit observations and executive‑ready audit reports.
• Fieldwork & PBC Facilitation: Act as the primary operational bridge between external service providers and local business units—managing information requests (PBC), overseeing document collection workflows, pre‑screening for completeness and format, and coordinating interviews, walkthroughs, and meetings.
• Issue Remediation & Independent Validation: Maintain centralized tracking register of items arising from audit and review engagements. Proactively track remediation milestones, evaluate implementation evidence, and perform independent validation testing to support formal issue closure.
• Head Office Audit Engagement Support: Coordinate for on‑site/desktop Head Office audit engagements by managing end‑to‑end PBC data collation, pre‑screening for completeness and format, scheduling stakeholder interviews, and facilitating finding clearance discussions.
• Head Office Periodic Reporting and Ad‑Hoc Task Management: Prepare and deliver bilingual periodic reporting packs to Head Office Internal Audit. Promptly coordinate and execute ad‑hoc inquiries, thematic control reviews, and special tasks requested by Head Office.
• Vendor Performance and Budget Control: Monitor outsourced internal audit service provider’s work progress against agreed timeline and deliverables, conduct periodic service quality and performance evaluation.

Qualifications and expectations of the successful candidate:

• 3-5 years’ experience from the internal/external audit experience within an Australian ADI, Big 4 banking assurance practice, or international financial institution.
• Bachelor degree or above in the relevant disciplines.
• CA/CPA Australia/CIA certificate is preferred.
• In‑depth understanding of auditing standards and regulatory framework.
• Proven hands‑on capacity to conduct full audit lifecycles independently.
• Strong bilingual English and Mandarin oral and written communication skills.
• Excellent analytical, communication and coordination skills.