Assistant Vice President, Credit, Internal Audit Department

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

SMBC Group in Singapore is seeking a Regional Credit Auditor/Reviewer within IADAP to strengthen end-to-end credit processes across Asia Pacific. The role combines internal audit assurance with credit review, requiring close collaboration with audit counterparts and business units.

You will lead risk-based audits, assess control design, evaluate credit risk, and apply data analytics to support audit conclusions, while traveling regionally to support audit coverage.

Qualifications

• Bachelor’s degree in Finance/Accountancy/ Banking or equivalent is required.
• 7–10 years in banking with exposure in front office credit risk analysis and/or credit approval and/or credit risk management.
• Professional certification such as CIA/CPA/CA is preferred.
• Demonstrated risk-based audit approach and ability to draft clear audit reports and recommendations.
• Strong credit risk analysis and financial analysis skills, with knowledge of credit rating models for large corporate clients.
• Proficiency in both spoken and written English.
• Experience with data analytics to support audit/credit portfolio assessment is an advantage.

Responsibilities

• Lead and/or execute risk-based audits and credit review activities across end-to-end credit processes.
• Assess the design and operating effectiveness of key controls within credit risk management.
• Provide independent credit risk evaluation on the bank’s credit assets across various exposures.
• Identify control weaknesses and provide practical recommendations to strengthen credit risk management and internal controls.
• Apply data analytics to support audit assessments of the internal control environment and credit portfolio.
• Establish and develop good working relationships with Management of assigned Business Units to support risk assessment and monitoring.
• Collaborate with group company audit teams, especially in the credit-related area.
• Participate in the department’s strategic initiatives and projects as opportunities arise.

Skills

Credit risk analysis

Audit reporting

Data analytics

Stakeholder management

Team player

Independent work

Education

Bachelor’s degree in Finance/Accounting/ Banking

CIA/CPA/CA certification

Job description

Internal Audit department of SMBC is responsible for examining the overall internal control system including the effectiveness and efficiency of operationsand compliance with applicable laws and regulations.

IADAP conducts internal audits of the operations of all SMBC units and departments. IADAP also conduct credit review activities, that provides independent assessment of asset quality, and ensures that credit decisions are made in accordance with the bank's credit policies.

The IADAP team based in Singapore is primarily responsible for the audits of SMBC units and activities in Asia Pacific region. However the team may be called upon to help support the other regions. Considering expansion of audit universe in view of the expansion of APAC, it is critical to maintain at least the current headcount to conduct the audit plan in timely and precise manner.

As Regional Credit Auditor/Reviewer, this role combines both internal audit aussurance and credit review responsibilities. You will add value and improve the bank’s credit related space by bringing an efficient and disciplined approach to the effectiveness of risk management, control, and governance processes. You will travel and work closely with internal audit counterparts on a regional scale to conduct audit visits. You will have the opportunity to work with the stakeholders to evaluate internal controls and providing recommendations to strengthen end-to-end credit processes.

Job Responsibilities

• Lead and/or execute risk-based audits and credit review activities independently and efficiently across end-to-end credit processes, including audit and credit review planning, key control evaluation and testing, borrower sampling and credit applications review, report drafting and issues follow-up and closure, applying IADAP audit and credit review methodologies, and sound credit judgement.
• Assess the design and operating effectiveness of key controls within credit risk management processes, and independently evaluate the quality of credit applications, risk assessment, covenanting, and ongoing monitoring practices.
• Provide independent credit risk evaluation on Bank’s credit assets, including (but not limited to) exposures to Corporate, Banks, Non-Bank Financial Institutes, Structured Real Estate Finances, Project Finances, Fund Finances, Levaraged Buyouts(LBOs).
• Identify control weaknesses, root causes, and emerging risk themes, and provide practical and value-adding recommendations to Management to strengthen credit risk management and internal controls.
• Apply data analytics to support audit assessments on the internal control environment and bank’s credit portfolio.
• Establish and develop good working relationship with Management of assigned Business Units to support effective annual risk assessment and continuous monitoring to drive appropriate ongoing audit coverage.
• Colloboration and cooperation with group company audit team especially in the credit related area. Some of the group companies have consumer retail credit portfolio.
• Participate in the department’s strategic initiatives and projects as opportunities arise.

Job Requirements

• Bachelor’s Degree in Finance / Accountancy / Banking, Business Studies / Administration / Management or equivalent is preferred.
• At least 7-10 years of experience in the banking industry with exposure in front office credit risk analysis and/or credit approval function and/or credit risk management and/or credit review and/or credit audit, including end-to-end credit processes (origination, approval, monitoring and remedial management).
• Professional certification such as CIA/CPA/CA is preferred.
• Demonstrated experience applying a risk-based audit approach and working to an established audit methodology; strong capability in drafting clear, defensible audit reports and recommendations.
• Strong background in credit risk analysis, financial analysis / projections, and experienced with credit rating models for Large Corporate customers. Experience / knowledge in Structured Real Estate finance, Project Finance, Fund Finance, Securitization, LBO, Banks / Non-Banks Financial Institutions, natural resources would be an added advantage.
• Credit risk management in retail credit portfolio experience would be an added advantage.
• Proficient in both spoken and written English
• Exposure to using data analytics to support audit and/or credit portfolio assessment is an advantage
• Good interpersonal and stakeholder management skills
• Good team player as well as able to work independently
• Meticulous, disciplined and self-motivated individual with the passion to pursue excellence