Senior Internal Audit Strategist
7 days ago
As a key member of Sumitomo Mitsui Banking Corporation's Internal Audit Department, you will play a critical role in supporting the effective oversight of internal audit activities and risk management for the group companies. Your responsibilities will include collaborating with internal audit counterparts and senior leadership to review and monitor the internal audit teams of group companies, ensuring they operate within the bank's framework, methodologies, and quality standards.
- Act as a central point of contact for group companies on audit-related matters, coordinating pre-consultations/approvals by IADAP for appointment of internal audit key personnel, updates to audit charters, policies, audit methodologies, and ensuring timely reporting and escalation of significant issues to senior management.
The ideal candidate will possess strong knowledge of audit standards, governance, management, and regulatory requirements. They should also have excellent communication, analytical, and problem-solving skills, as well as excellent interpersonal and stakeholder management skills. This is a 12-month contract role that requires willingness to travel within the Asia region for audits and supervisory activities.
Key Responsibilities:- Reviews risk assessment and annual audit plans of group companies to verify alignment with the SMFG/SMBC risk and audit standards.
- Oversee quality assurance activities for local audit function, including guidance on development and implementation of corrective action plans for external quality assurance findings where necessary.
- Provide guidance and training to group company auditors on SMBC's audit methodology, risk assessment processes, and provide advisory and direct oversight for group companies without an internal audit function.
- Conduct or participate in joint audits for controlled and non-controlled entities as per IADAP framework requirements, exploring opportunities for collaboration among internal audit teams across entities.
- Contribute to the development of strategic initiatives for internal audit within the group, supporting innovation in audit processes and technology adoption.
- Engage and coordinate in IADAP periodic meetings with local audit management, local senior management, and Audit Committee, maintaining up-to-date knowledge of regulatory requirements impacting the bank and non-bank group companies.
- Monitor regulatory compliance reports and track remediation of issues identified by external or regulatory audits.
- Prepare and present regular audit oversight reports to senior management/stakeholders, summarizing audit coverage, key findings, and issues across group companies.
- CPA certified or equivalent of an internationally recognized accounting body.
- Minimum of 8 years of experience in internal audit, ideally within financial institutions, with expertise in consumer and retail banking, as well as governance and risk management audits.
- Strong knowledge of audit standards, governance, management, and regulatory requirements.
- Excellent communication, analytical, and problem-solving skills.
- Excellent interpersonal and stakeholder management skills.
- Meticulous, disciplined, and self-motivated individual with a passion to pursue excellence.
- Willingness to travel within the Asia region for audits and supervisory activities.
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