VP/ED, Senior Audit Manager, Global Wholesale Banking Audit

OCBC Bank; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

Join a forward-thinking financial institution as a Senior Audit Manager in Global Wholesale Banking Audit. This role is pivotal in enhancing internal controls and risk management within the bank's credit portfolios. With a focus on evaluating the effectiveness of processes and compliance with regulatory standards, you will lead a team of auditors in conducting thorough assessments and delivering valuable insights to senior management. If you possess extensive experience in corporate banking and a passion for driving continuous improvement, this opportunity offers a dynamic environment to make a significant impact.

Qualifications

• 20+ years of experience in corporate or commercial banking.
• Deep knowledge of wholesale banking products and credit risk management.

Responsibilities

• Lead credit risk audits for wholesale banking portfolios.
• Evaluate internal controls and provide recommendations for improvement.

Skills

Analytical Skills

Attention to Detail

Communication Skills

Team Management

Credit Risk Management

Data Analytics

Tools

Data Analytics Tools

Job description

Job Description - VP/ED, Senior Audit Manager, Global Wholesale Banking Audit (2500001T)

You will be part of the Global Wholesale Banking Audit within the Group Audit function. You will participate in audit activities related to the wholesale banking credit portfolios within the Bank and play a critical role in evaluating the effectiveness of internal controls, risk management practices, and compliance with regulatory requirements. Your expertise will contribute to the continuous improvement of internal processes and the identification of potential risks and control weaknesses.

Reporting to the Head of Wholesale Lending Audit, you will work with a team of internal auditors in the planning, scoping, and execution of audits related to wholesale banking activities. You will evaluate the adequacy of internal controls related to the wholesale banking portfolios and manage the preparation of audit findings, recommendations, and reports to Senior Management and audit clients.

Responsibilities include:

• Leading and conducting credit risk audits of the various wholesale credit portfolios in the Bank, in accordance with Group Audit's standards and key performance indicators.
• Evaluating the adequacy and effectiveness of internal controls related to wholesale banking, including credit underwriting, loan origination, portfolio management, problem recognition and remedial management, as well as risk mitigation strategies.
• Providing value-added opinions and recommendations to improve the design and effectiveness of internal controls.
• Reviewing and assessing the appropriateness of audit issues, recommendations, and management responses, as well as adequacy of evidence for closure of management action plans.
• Working with a team of auditors to ensure that assigned audit engagements are completed and delivered on time.

Qualifications

Experience:

• At least 20 years of relevant credit and business experience in corporate or commercial banking.
• Deep knowledge of wholesale banking products, lending processes, and credit risk management.
• Familiarity with regulatory requirements, for example the various MAS notices pertaining to the Bank’s credit portfolios.
• Strong analytical skills, attention to detail, and the ability to maintain balanced risk-reward perspectives.
• Proficient in data analytics tools and techniques.
• Good written and oral communication skills.
• Ability to interact with people at different levels and work in a team context.
• High level of initiative and drive, with the ability to manage a team independently.