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

OCBC Bank; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading financial institution in Singapore is seeking an experienced auditor to join their Global Wholesale Banking Audit team. The role involves evaluating internal controls and conducting credit risk audits of wholesale credit portfolios. The ideal candidate should have a strong understanding of regulatory compliance and risk management practices. This position offers an opportunity to contribute to the improvement of internal processes and controls.

Qualifications

• Experience in leading and conducting credit risk audits.
• Knowledge of internal controls related to wholesale banking.
• Ability to provide recommendations for improvement.

Responsibilities

• Lead and conduct credit risk audits.
• Evaluate adequacy of internal controls.
• Provide recommendations to improve internal controls.
• Review audit issues and recommendations.
• Work with a team to complete audit engagements.

Skills

Internal controls evaluation

Credit risk audits

Risk mitigation strategies

Regulatory compliance

Job description

Overview

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

• 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.