Avp/vp, Control and Support Functions Audit

5 days ago


Singapore Sumitomo Mitsui Banking Corporation (SMBC) Full time

Internal Audit department of SMBC is responsible for examining the overall internal control system including the effectiveness and efficiency of operations and compliance with applicable laws and regulations.

Internal Audit Department, Asia Pacific Division (IADAP) conducts internal audits of the operations of all SMBC units and departments, including Control and Support functions audits. The IADAP team based in Singapore is primarily responsible for the audits of SMBC units and activities in Asia Pacific region. However the team may be called upon to help support the other regions.

Considering expansion of audit universe in view of the expansion of APAC, it is critical to maintain at least the current headcount to conduct the audit plan in timely and precise manner.

As Regional Control and Support functions Internal Auditor, you will add value and improve the bank’s Anti-Money Laundering / Combating the Financing of Terrorism risk management and operational risk management by bringing an efficient and disciplined approach to the effectiveness of control and governance processes. You will travel and work closely with internal audit counterparts on a regional scale to conduct audit visits. You will have the opportunity to work with the stakeholders to evaluate internal controls and providing recommendations to strengthen these processes.

**Responsibilities**
- Lead and/or execute audits independently and efficiently, including audit planning, key control evaluation and testing, report drafting and issues follow-up and closure. Perform audit activities in accordance with the Bank internal audit methodology.
- Plan and execute in-depth risk assessments and process design reviews and operating effeciveness testing to provide reasonable assurance of the Bank internal control environment relating to Control and Support functions, with coverage of legal and compliance, risk management, human resources, financial controls, business continuity management and third party vendor management activities.
- Provide value-adding recommendations which are effective and sustainable to Management to manage emerging issues or remediate identified weaknesses.
- Contribute to the annual risk assessment exercise by developing good understanding of business strategy, plans, products, processes performance, risks and issues of the assigned Control and Support functions.
- Perform continuous monitoring on assigned Control and Support functions to keep abreast on evolving markets, regulatory, business and operational changes to drive appropriate ongoing audit coverage.
- Keep abreast of regulatory changes and industry best practices (e.g. MAS, RBI, APRA).
- Participate in the team’s strategic initiatives and projects as opportunities arise.

**Requirements**:

- Minimum 4 years of audit experience in the banking industry with experience in assessing / managing anti-money laundering risks, operational risks and third party risk management audits
- Familiar with execution of risk-based audit approach
- Proficient in both spoken and written English
- Good interpersonal and stakeholder management skills
- Good team player as well as able to work independently
- Meticulous, disciplined and self-motivated individual with the passion to pursue excellence


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