Senior Audit Associate

Great Eastern; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading insurance company in Kuala Lumpur is seeking an Internal Auditor to assist in audit planning and execution, applying methodologies as outlined in the Group Internal Audit manual. The role requires a degree in Accountancy or equivalent and at least one year of relevant work experience. Candidates should possess strong auditing, risk management knowledge, and integrity. This position offers competitive remuneration and opportunities to drive improvements in compliance and governance.

Qualifications

• At least one year of relevant work experience.
• Knowledge in auditing, risk management & governance.
• High level of integrity, and good attitude over teamwork.
• Takes initiative to improve current state of things.

Responsibilities

• Understand and apply the Internal Audit methodology.
• Assist in audit planning and execute audits.
• Communicate resource needs to Team Lead.
• Establish good working relationships across the organization.
• Use data analytics software effectively.

Skills

Auditor independence

Business acumen

Business process analysis

Data collection and analysis

Risk assessment

Internal audit (IA) engagement execution

IA engagement planning

Internal controls

Education

Degree in Accountancy, Finance or equivalent professional qualifications

Job description

Responsibilities

• Understand the Internal Audit methodology prescribed in the Group Internal Audit manual and apply it under supervision.
• Assist the Team Lead in audit planning activities and execute audit field work based on the Risk & Control Matrix (RCM) and documenting the work done within the planned scope and time frame.
• Execute audits by:
  • Identifying objectives, risks and controls.
  • Identifying process design gaps, improvement opportunities and any instances of over‑control during walkthrough of business units’ processes.
  • Performing audit tests to identify operating effectiveness issues.
  • Identifying and understanding the root cause of problems or issues and providing recommendations for improvement.
  • Assisting the Team Lead to draft audit observations in accordance with specified standards, where required.
  • Performing follow‑up on the implementation of agreed action plans.
  • Collaborating with the team through idea generation and supporting other team members, Team Lead and Reviewer with a positive attitude.
• Communicate resource needs to Team Lead or Reviewer on a timely basis.
• Establish good working relationships with staff members at all levels of the organisation.
• Use data analytics software and audit management system effectively.
• 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.

Qualifications

• Degree in Accountancy, Finance or equivalent professional qualifications such as CPA, ACCA, CFA, CIA and CISA.
• At least one year of relevant work experience.
• Knowledge in auditing, risk management & governance.
• Technical skills:
  • Auditor independence
  • Business acumen
  • Business process analysis
  • Data collection and analysis
  • Risk assessment
  • Internal audit (IA) engagement execution
  • IA engagement planning
  • Internal controls
• Generic skills:
  • Accountability
  • Customer orientation
  • Decision‑making
  • Developing people
  • Developing self
  • Exploring possibilities
  • 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.