Assistant Manager, Internal Audit

Credit Guarantee Corporation Malaysia Berhad; Petaling Jaya; On-site; MYR 120,000 - 180,000; Full time

Job summary

Credit Guarantee Corporation Malaysia Berhad (CGC) is seeking an experienced audit leader to oversee risk-based audits and plan engagements under the guidance of the Manager and Head of COA. You will guide the audit team, engage with auditees, and ensure quality, timely reporting.

The role requires strong knowledge of internal controls, governance, and data analytics to enhance risk visibility and drive improvements across finance and banking processes.

Qualifications

• Experience in planning and supervising risk-based audits.
• Ability to lead audit teams under COA leadership.
• Strong knowledge of internal controls and governance frameworks.

Responsibilities

• Lead risk-based audit planning and execution under the guidance of Manager and Head of COA.
• Liaise with auditees to gather updates and validate evidence for issue resolution.
• Prepare audit observations, recommendations and reports with clear support.

Skills

Audit leadership

Risk assessment

Data analytics

Stakeholder engagement

Education

Accounting/Finance degree

Professional certification (CIA, etc.)

Tools

AMS (Audit Management System)

Job description

To be involved in assessing risks and support the planning and administration of audit assignments as team leader under the guidance of Manager and Head of COA, including contributing to risk-based audit planning and value-added activities such as stakeholder engagement, projects, or special assignments.

Operational

Liaise with auditees to obtain updates on agreed audit issue resolution actions, validate supporting evidence for issue closure and update the audit issue status for reporting to Audit Compliance Committee (ACC) and the Board Audit Committee (BAC).

Gathering and analysing information relevant to audit assignments. This includes understanding the control environment, conducting walkthroughs with auditee or relevant function/staff, identifying required information, collecting and validating information/data, observing actual practices and identifying existing or potential risk areas.

Prepare audit engagement letters and audit programs for review by Manager and Head of COA.

Execute audit assignments in accordance with the approved annual IAD plan. Identify deviations from regulatory and internal frameworks, policies, manuals, guidelines, requirements and highlight process gaps, control weaknesses and key risks.

Communicate regularly with Manager, Head of COA and Chief Internal Auditor (CIA) on the progress of audit assignments. Monitor audit work to ensure completion within the approved timelines and budgeted man-days. Where delays are anticipated, promptly escape and agree on revised timelines with Manager of COA.

Prepare clear and well-supported audit observations, practical recommendations and audit reports.

Coordinating entry and exit meeting for audit engagements.

Ensure audit working papers are properly organized, complete and documented in accordance with IAD methodology and Quality Assessment Review (QAR) standards.

Work collaboratively with audit team members to support efficient conduct of audit assignments.

Undertake other audit-related duties as assigned by the management with the approval of Manager and Head of COA, or CIA.

Adopt and apply data analytics to gain better insights into business risks and controls environment.

Leadership

Provide guidance and supervision to audit team members to ensure audit assignments are completed efficiently before escalating to Manager and Head, COA.

Review audit work performed by team members through the Audit Management System (AMS) to ensure audit objectives and scope are clearly defined, risks and controls are appropriately assessed, and audit samples are properly selected to achieve sufficient audit coverage.

Job Requirement:

Qualification: Relevant tertiary qualification in Accounting, Finance, Business or related disciplines, or equivalent.

Professional certification or equivalent would be an added advantage.

Experience: Audit experience in the areas of finance, ECL validation, and investment or market risk. 7 years professional experience (a combination of minimum 3 years internal/external audit and relevant line experience).

Knowledge:

Knowledge of internal auditing concepts, governance, risk management and internal controls.

Working knowledge or exposure to:

IIA Global Internal Audit Standards (GIAS) or International Professional Practices Framework (IPPF).

COSO Internal Control Framework.

Relevant BNM policies/framework and guidelines, where applicable.

Ability to exercise sound managerial judgment in problem-solving and decision-making, including the capability to motivate staff, supervise audits and articulate issues clearly.

Strong understanding of banking or financial services operations.

Strong analytics and critical thinking, with the ability to evaluate information, identify issues and draw logical conclusions.

Ability to gather, analyse, and interpret data, and prepare clear and concise audit documentation and reports.

Effective communication, leadership and interpersonal skills, with the ability to engage constructively with auditees and internal stakeholders.

Demonstrate professionalism, integrity, accountability and strong work ethics.

Self-motivated, adaptable, able to work independently as well as collaboratively within team

Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972. CGC aims to assist Micro, Small and Medium-Sized Enterprises (MSMEs) with inadequate or without collateral and track record to obtain credit facilities from financial institutions by providing guarantee cover on such facilities.

Over the last 50 years, CGC has continuously evolved in meeting MSMEs' financing needs. It has progressed from being a traditional guarantee provider to a financially sustainable institution, providing guarantee and financing products for MSMEs. Enabling small businesses to ceaselessly reinvent their models in meeting current transformation prerequisites.

CGC is 78.6% owned by Bank Negara Malaysia (BNM), with the remainder held by various Financial Institutions (Fis) and Development Financial Institutions (DFls). Our stakeholders propel our agenda for financial inclusion and are directly involved in what we do.

With various progressive initiatives implemented, MSMEs enjoy expansive and accelerated access to financing. Strategic innovative alliances between CGC and leading Fis and DFls have sanctioned comprehensive financing through our various Portfolio Guarantee (PG) schemes. In addition, our Wholesale Guarantee schemes provide guarantee coverage to Fis' financing facilities. We also offer financing products for contract financing to ensure that MSMEs constantly remain dynamic and enterprising.

As of 31 December 2022, CGC had provided MSMEs with over 522,000 guarantees and financing valued at over RM90.3 billion, impacting nearly 370,000 MSMEs.

CGC embarked on its digitalisation pathway in 2018, launching imSME, our pioneer fintech venture. This customised online platform matches MSMEs with suitable financing facilities from Fis, DFls, P2P players and Crowdfunding. As Malaysia's first online MSME financing/loan referral platform, imSME is a one-stop centre for MSMEs to select the most advantageous facility available in the market, tailored for their financing needs.

Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972. CGC aims to assist Micro, Small and Medium-Sized Enterprises (MSMEs) with inadequate or without collateral and track record to obtain credit facilities from financial institutions by providing guarantee cover on such facilities.

Over the last 50 years, CGC has continuously evolved in meeting MSMEs' financing needs. It has progressed from being a traditional guarantee provider to a financially sustainable institution, providing guarantee and financing products for MSMEs. Enabling small businesses to ceaselessly reinvent their models in meeting current transformation prerequisites.

CGC is 78.6% owned by Bank Negara Malaysia (BNM), with the remainder held by various Financial Institutions (Fis) and Development Financial Institutions (DFls). Our stakeholders propel our agenda for financial inclusion and are directly involved in what we do.

With various progressive initiatives implemented, MSMEs enjoy expansive and accelerated access to financing. Strategic innovative alliances between CGC and leading Fis and DFls have sanctioned comprehensive financing through our various Portfolio Guarantee (PG) schemes. In addition, our Wholesale Guarantee schemes provide guarantee coverage to Fis' financing facilities. We also offer financing products for contract financing to ensure that MSMEs constantly remain dynamic and enterprising.

As of 31 December 2022, CGC had provided MSMEs with over 522,000 guarantees and financing valued at over RM90.3 billion, impacting nearly 370,000 MSMEs.

CGC embarked on its digitalisation pathway in 2018, launching imSME, our pioneer fintech venture. This customised online platform matches MSMEs with suitable financing facilities from Fis, DFls, P2P players and Crowdfunding. As Malaysia's first online MSME financing/loan referral platform, imSME is a one-stop centre for MSMEs to select the most advantageous facility available in the market, tailored for their financing needs.

Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972. CGC aims to assist Micro, Small and Medium-Sized Enterprises (MSMEs) with inadequate or without collateral and track record to obtain credit facilities from financial institutions by providing guarantee cover on such facilities.

Over the last 50 years, CGC has continuously evolved in meeting MSMEs' financing needs. It has progressed from being a traditional guarantee provider to a financially sustainable institution, providing guarantee and financing products for MSMEs. Enabling small businesses to ceaselessly reinvent their models in meeting current transformation prerequisites.

CGC is 78.6% owned by Bank Negara Malaysia (BNM), with the remainder held by various Financial Institutions (Fis) and Development Financial Institutions (DFls). Our stakeholders propel our agenda for financial inclusion and are directly involved in what we do.

With various progressive initiatives implemented, MSMEs enjoy expansive and accelerated access to financing. Strategic innovative alliances between CGC and leading Fis and DFls have sanctioned comprehensive financing through our various Portfolio Guarantee (PG) schemes. In addition, our Wholesale Guarantee schemes provide guarantee coverage to Fis' financing facilities. We also offer financing products for contract financing to ensure that MSMEs constantly remain dynamic and enterprising.

As of 31 December 2022, CGC had provided MSMEs with over 522,000 guarantees and financing valued at over RM90.3 billion, impacting nearly 370,000 MSMEs.

CGC embarked on its digitalisation pathway in 2018, launching imSME, our pioneer fintech venture. This customised online platform matches MSMEs with suitable financing facilities from Fis, DFls, P2P players and Crowdfunding. As Malaysia's first online MSME financing/loan referral platform, imSME is a one-stop centre for MSMEs to select the most advantageous facility available in the market, tailored for their financing needs.