Head of Internal Audit

GTS Consulting; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

GTS Consulting in Malaysia seeks a senior Internal Audit leader to establish and maintain enterprise risk assessment methodologies and to provide independent assurance on internal controls, governance and management processes across the organization.

The role requires ongoing collaboration with senior stakeholders, regulators, and audit committees to ensure robust risk management and compliant governance practices within the licensed institution’s operations.

Responsibilities

• Establish and maintain audit methodologies across Malaysian businesses including branches and subsidiaries.
• Act as local Chief Internal Auditor where required by regulations and manage relationships with regulators, management, and audit committees.
• Deliver assigned audit portfolio with planning, scoping, and timely execution within quality, time, and budget constraints.
• Provide guidance on controls, risk and governance to senior stakeholders and feed insights into the rolling audit plan.

Job description

Summary

Establish and maintain effective audit methodologies for enterprise risk analysis, management and reporting.

Provides the Board with independent assurance that the management systems, internal controls and governance processes of the licensed institution are effective and that its operations are properly controlled.

Ensuring that the internal audit function complies with sound internal auditing principles and practices as well as that there is a process in place to ensure the continued relevance and effectiveness of audit methodology.

Key Accountabilities

• Ensure every activity of the (Company) across the Malaysian businesses should be included in the scope of the internal audit including that of its branches, and subsidiaries as well outsourced activities:
• Establish An Audit Methodology To Assess The Risk Profile And Vulnerabilities Of Each Auditable Area. The Risk Assessment Conducted Should Cover All Of The Licensed Institution’s Activities And Entities, And The Complete Internal Control System
• Issuance of a written audit report to the relevant parties, detailing the audit findings and recommendations as well as the auditee’s responses and action plans after the completion of the audit.
• Act as the local Chief Internal Auditor, where required by regulations, manage relationships with local regulatory bodies / management / audit committees of the region.
• Deliver an assigned portfolio of assignments including aspects such as planning and scoping, in line with quality, time and budget requirements.
• Work with the Regional Cluster Lead and Functional Lead to ensure appropriate resourcing, scheduling and technical expertise for delivery of assigned portfolio.
• Contribute to the development of the quarterly risk assessment and rolling audit plan.
• Agree on final audit reports and corrective actions with senior business stakeholders and oversee tracking and closure of agreed actions.
• Provide guidance to senior business stakeholders on aspects related to controls, risk and governance.
• Support the development of Group Audit global team with own professional skills and technical knowledge.
• Oversee the careers of team members and assigned Group Audit team members in Malaysia.
• Work across segments and functions, in addition to the primary segment/ function, as required.
• Drive the use of data analytics tools in audit engagements, where appropriate.
• Interact with senior business stakeholders and audit committees and ensure buy-in for audit recommendations.
• Build strong relationships with country management, local Assurance functions and Regulators.

Business Accountabilities

• Deliver the assigned portfolio of audits in line with quality, time and budget requirements in order to adhere to the audit plan and meet Group Audit objectives.
• Create a compelling business case for audits to ensure buy-in from business teams.
• Contribute to the development of the rolling audit plan to ensure that local and global risks have been incorporated.
• Provide high quality insights that add value to the business in order to build trust & credibility with internal and external stakeholders within the allocated audit portfolio.
• Maintain relationships with local regulators in order to understand and comply with all regulations, as required.
• Maintain relationships and act as the key point of contact for local management in order to understand the local requirements and context in detail and feed into the audit plan.
• Oversee the performance of team members and provide sufficiency opportunities for development in order to build a high-quality team

Leadership Accountabilities

• Lead a diverse functional team, setting objectives, reviewing performance and participating in selection/promotion decisions to ensure that staff have the necessary skills and understanding to deliver the team's objectives.
• Model behaviours that demonstrate commitment to corporate values.
• Create and lead high-performing teams and complete performance management cycle for direct reports.
• Create people management plan to ensure human capability is in place as part of business planning process.
• Resolve significant business issues by creating teams of appropriate internal and external resources.
• Take action to manage own personal development and encourage others to do the same