VP-Director, Credit Audit

TANGSPAC CONSULTING PTE LTD; Singapore (MI); On-site; USD 70,000 - 90,000; Full time

Job summary

A leading consulting firm is seeking an Audit Professional to conduct thorough audits in Corporate Banking. The role involves leading assignments, assessing risks, and ensuring compliance with audit standards. Candidates should possess deep knowledge of Corporate Banking and be self-motivated. Travel is required for this position.

Qualifications

• Experience in Corporate Banking Credit Review required.
• Ability to apply audit methodology and standards.

Responsibilities

• Conduct audit work and ensure high standards of deliverables.
• Lead audit assignments and coordinate team efforts.
• Review audit work to achieve objectives.

Skills

Risk Management

Audit Methodology

Corporate Banking Knowledge

Job description

• Conduct audit work in accordance with the audit methodology and ensure high standard of deliverables
• Contribute to risk assessment of audit units based on knowledge obtained through assignments as well as day-to-day contact with auditees
• Follow through with auditee on implementation of recommendations

Role and Responsibilities

• Participate in the audit team assignments and special reviews (when required by regulators, business lines, or senior management)
• Lead the assignment / review in accordance with Internal Audit Guidelines, International Professional Practices and established internal communication protocol.
• Plan, oversee and co-ordinate the work performed to ensure optimal resource allocation and efficient completion of assignment by preparing the methodology, collating raw data, obtaining past recommendations, preparing meetings with auditees, etc.
• Assess the key risks of the audited areas and coordinate the team to identify weaknesses in governance, risk management and control in those areas and raise appropriate findings and recommendations.
• Review work done by audit team to ensure that the work scope objectives are achieved.
• Complete the audit report within the recommended timeline.
• Escalate to the Supervisor unresolved matters or disputes with the auditees for timely resolution.
• Assist in documentation gathering for the assignment.
• Assist in assessing the key risks of the audited areas and identify weaknesses in governance, risk management and control in those areas by carrying out appropriate evaluation and tests.
• Raise appropriate findings and provide appropriate value-added recommendations to mitigate identified risks.
• Complete and file investigation working papers for easy retrieval to substantiate work performed.
• Review the implementation of the audit recommendations
• Validate the implementation of recommendations and maintain audit trail of correspondences with auditees in respect of all implementations

Qualifications and Requirements

• Corporate Banking Credit Review experience required
• Conversant with and applies appropriately audit methodology / standards and control concepts
• Possesses deep knowledge of Corporate Banking business, products, risks, practices, policies and regulations
• Mindful about deadlines and disciplined in completing deliverables at the required level of standard
• Autonomous and self-motivated
• Willing to travel (in the region, around 30% travelling)