Audit Specialist

Great Eastern; Kuala Lumpur; On-site; MYR 120,000 - 160,000; Full time

Job summary

Great Eastern is seeking an Audit Specialist to plan, execute, and manage audits across GELM, GEGM, GETB and GELL, under supervision. The role emphasizes risk assessment, internal controls, and continuous improvement.

The candidate will apply internal audit methodology, develop planning documents, supervise team members, and provide actionable recommendations while maintaining regulatory awareness.

Qualifications

• Degree in Accountancy, Finance or equivalent professional qualifications such as CPA, ACCA, CFA, CIA and CISA.
• At least 5 years of relevant work experience, with 2 years in a position leading a team of professionals.
• Knowledge on auditing, risk management & governance.

Responsibilities

• Plan and execute audit field work within the planned scope and time frame.
• Identify objectives, risks and controls; identify process gaps and improvement opportunities.
• Perform audit tests to identify operating effectiveness issues.
• Assign and supervise team members’ work and monitor progress.
• Review team members’ working papers, audit findings, and documentation in the audit management system.
• Draft audit observations and prepare audit reports.
• Provide an opinion on overall effectiveness of risk management and controls.
• Follow up on implementation of agreed action plans; collaborate with team.

Skills

Auditing

Risk management

Governance

Education

Degree in Accountancy/Finance

CPA/ACCA/CFA/CIA/CISA

Tools

Audit management system

Data analytics software

Job description

The Audit Specialist reports to the Section Head. He or she performs audits under the supervision of the Reviewer. The Audit Specialist is charged with responsibilities of planning, executing and managing the audit engagements, as well as recommending corrective actions based on best practices to improve the internal controls and operational effectiveness of GELM, GEGM, GETB and GELL.

Understand the Internal Audit methodology prescribed in the Audit Methodology Policy, Procedure and Practice Guide and apply it under moderate guidance.

Plan and execute audit field work by developing and completing planning documents such as Audit Planning Memorandum (APM), Resource Allocation Plan (RAP) and Risk, Control & Testing Strategy (RCTS) within the planned scope and time frame.

Executes audits by:
a) Identifying objectives, risks and controls;
b) Identifying process design gaps, improvement opportunities and any instances of over control during walkthrough of business units’ processes;
c) Performing audit tests to identify operating effectiveness issues;
d) Assigning and supervising team members’ work and monitoring their progress;
e) Reviewing team members' working papers, audit findings and documentation in the audit management system;
f) Identifying and understanding the root cause of problems or issues and providing recommendations for improvement;
g) Drafting audit observations and preparing audit report in accordance with specified standards;
h) Providing an opinion on the overall effectiveness of risk management and control of the audited area(s);
i) Performing follow-up on the implementation of agreed action plans; and
j) Collaborating with team through idea generation, and support team members and reviewers with a positive attitude.

Communicates resource needs to Reviewer or CIA on a timely basis; utilise resources to best effect with guidance from Reviewer or CIA.

Develops extensive informal networks and maintain good working relationships with staff members at all levels of the organisation.

Uses data analytics software and audit management system effectively.

Participates in training and coaching of junior team members.

Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.

Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.

Highlights any potential concerns/risks and proactively shares best risk management practices.

Perform other duties as assigned by CIA.

Degree in Accountancy, Finance or equivalent professional qualifications such as CPA, ACCA, CFA, CIA and CISA.

At least 5 years of relevant work experience, with 2 years in a position leading a team of professionals.

Knowledge on auditing, risk management & governance.

Competencies:
a. Technical (auditor independence, business acumen, business process analysis, data collection and analysis, risk assessment, internal audit (IA) engagement execution, IA engagement planning, engagement review, conflict management, IA function management and internal controls).
b. Generic (accountability, customer orientation, decision-making, developing people, developing self, exploring possibilities and teamwork).

High level of integrity, takes accountability of work and good attitude over teamwork.

Takes initiative to improve current state of things and adaptable to embrace new changes

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

To All Recruitment AgenciesGreat Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.