Internal Auditor

**The Role**

As an Internal Auditor in the remittance business, you will be responsible for evaluating and enhancing the effectiveness of the company's internal controls, risk management processes, and operational procedures.

Your primary objective will be to provide independent and objective assessments of the company's operations, identify areas of improvement, and ensure compliance with regulatory requirements and industry best practices. You will play a critical role in maintaining the integrity and efficiency of the organisation's remittance business in Singapore.

**What you’ll be doing **_(to include but not limited to)_**:
**Internal Audit Planning and Execution**:

- Develop a risk-based internal audit plan for the remittance business, considering key regulatory requirements and inherent risks
- Conduct internal audits in accordance with the established plan and audit methodologies
- Evaluate the adequacy and effectiveness of internal controls, operational processes, and risk management systems.
- Identify control weaknesses, process inefficiencies, and areas of non-compliance
- Perform substantive testing and analysis of financial and operational data to assess accuracy and completeness

**Compliance and Regulatory Audit**:

- Ensure compliance with applicable laws, regulations, and guidelines, including the Payment Services Act (PSA) and MAS requirements
- Conduct compliance audits to assess the effectiveness of internal controls and adherence to regulatory obligations
- Review policies, procedures, and processes to identify areas of non-compliance and recommend improvements
- Stay up-to-date with changes in regulatory requirements and industry best practices

**Risk Assessment and Mitigation**:

- Assist in identifying and evaluating risks associated with the remittance business
- Assess the adequacy of risk management processes and controls in mitigating identified risks
- Develop recommendations to strengthen risk management frameworks and improve risk mitigation strategies
- Collaborate with management to implement risk mitigation actions and monitor their effectiveness

**Audit Reporting and Follow-Up**:

- Prepare comprehensive and concise audit reports, summarising findings, recommendations, and management responses
- Communicate audit results to key stakeholders and management, highlighting areas of concern and improvement opportunities
- Track and follow up on the implementation of audit recommendations and ensure timely closure of identified issues.
- Monitor the progress of corrective actions and provide periodic status updates to management.

**Process Improvement and Advisory**:

- Identify opportunities for process improvements, cost savings, and operational efficiencies
- Provide guidance and advisory support to management and business units on internal control matters
- Assist in the development and implementation of new policies, procedures, and systems

**What we look for**:

- Bachelor's degree in Accounting, Finance, or a related field.
- Professional certification such as CIA (Certified Internal Auditor) or equivalent is strongly preferred
- Previous experience in internal auditing within the financial services industry, preferably in remittance services is a plus
- Strong understanding of remittance business operations, regulatory requirements, and industry best practices in Singapore
- Knowledge of the Payment Services Act (PSA) and MAS regulations
- Familiarity with internal audit methodologies, risk assessment techniques, and control frameworks
- Excellent analytical skills and attention to detail
- Strong communication and interpersonal skills.
- Ability to work independently and collaboratively in a team environment
- This job description describes the general nature of the position and is not intended to be exclusive or exhaustive. It may be amended from time to time based on business requirements._

**Job Types**: Full-time, Permanent

**Salary**: $3,500.00 - $4,500.00 per month

**Benefits**:

- Additional leave
- Cell phone reimbursement
- Health insurance
- Parental leave

Schedule:

- Monday to Friday

**Education**:

- Bachelor's or equivalent (preferred)

**Experience**:

- Auditing: 4 years (preferred)

Work Location: Hybrid remote in Singapore 118523