senior executive

Position Overview:

The Audit and Compliance Senior Executive is responsible for evaluating, monitoring, and ensuring compliance with regulatory standards, laws, and organizational policies. He supports the organization in risk management by identifying potential compliance issues, performing audits, and suggesting improvements to enhance operational efficiency and compliance.

Key Responsibilities:

1. Audit and Risk Assessment :

• Conduct periodic internal audits and assessments of financial, operational, and compliance processes.
• Evaluate internal controls and ensure compliance with the organization's risk management framework.
• Identify areas for improvement and work with relevant departments to implement corrective actions.
• Review financial statements and reports for accuracy and compliance with financial regulations (e.g., Singapore Financial Reporting Standards).

2. Regulatory Compliance :

• Monitor and ensure compliance with local laws, such as the Co-operative Societies Act, Personal Data Protection Act (PDPA) , and other relevant industry regulations.
• Stay up-to-date on changes in legislation and ensure the organization adheres to new or updated regulations.
• Liaise with external auditors, regulatory bodies, and other stakeholders to ensure timely and accurate compliance reporting.

3. Policy and Procedure Management :

• Develop, implement, and review internal audit and compliance policies and procedures.
• Educate and train staff on compliance-related matters, ensuring that they understand the importance of adherence to laws and internal controls.
• Ensure policies and procedures align with regulatory requirements and best practices.

4. Monitoring and Reporting :

• Regularly monitor business operations to detect and prevent compliance breaches or deviations from established processes.
• Prepare monthly audit and compliance reports for management, highlighting potential issues and areas for improvement.
• Assist in the preparation of reports for regulatory authorities and ensure timely submission.

5. Continuous Improvement :

• Provide recommendations for improving operational efficiency and reducing compliance risks.
• Actively participate in cross-departmental projects to improve internal controls, compliance, and overall corporate governance.

6. Any Other Matters :

• Provide any other support to the Audit & Compliance Supervisor, General Manager or the Audit Committee as required, on matters relating to audits, risks management, internal controls and compliance.

Required Qualifications:

Education :

• Bachelor's degree in Accounting, Finance, Business Administration, or related fields.
• Professional certifications such as Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) are preferred.

Experience :

• Minimum of 3-5 years of experience in audit, compliance, or risk management within a corporate environment.
• Experience with Singapore financial regulations, corporate governance standards, and Xero accounting software is highly valued.

Skills :

• Strong understanding of audit processes, internal controls, risk management, and regulatory compliance.
• Ability to identify and assess risks, and design and implement corrective actions.
• Strong communication skills with the ability to present complex findings clearly and concisely.
• Proficiency in Microsoft Office, audit software, and other relevant tools.
• Personal Ability to work independently and manage multiple tasks effectively.

Attributes :

• High level of integrity and professionalism.
• Strong analytical and problem-solving skills.
• Attention to detail and ability to work under pressure.
• Excellent interpersonal and team-working skills.