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JOB PURPOSE

• Provide independent, objective assurance and consultative activities in accordance with the Audit Charter based on “The Standards for the Professional Practice Framework” as prescribed by the Institute of Internal Auditors, Regulators’ requirements and any other relevant standards.
• Evaluate the effectiveness of internal process and control surrounding credit portfolio of the Bank, related risk management and other support functions.
• Provide independent and objective recommendations to enhance controls, minimise risks, prevent losses and add value to the business processes to ensure compliance with the Bank’s policies and procedures and regulatory requirements, in line with industry’s best practices.
• Perform audit reviews in accordance with the established audit objectives, scope, timeline and approach.
• Review the adequacy of department’s/division’s functions, processes, infrastructures and application systems to enhance the overall governance, risk management and controls across the entities under the Group.
• Highlight relevant audit findings, risk implications, root causes and appropriate recommendations to address the control and performance gaps and document audit workings.
• Write audit findings and reports to communicate the audit result and assessment to the Senior Management and the Group Board of Audit Committee (GBAC)
• Attend to ad-hoc matters.

ACCOUNTABILITIES

1. Assist to develop, revise and update Credit Audit Programs.

2. Plan and organise the audits of auditable entities within ABB & AiBB and other special assignments as and when required to do so.  Duties include the following :-

• Prepare an effective Audit Plan, collating the needed information through ACL, SIBS and other available source, where applicable. Liaise with the relevant Division/Department/Branch/Subsidiary for information/update prior to the audit.
• Develop and modify the Audit Programs, where necessary.

3. Lead and manage team members to carry out and complete the audit according to the audit objectives, established audit standards, approved Audit Plan and Audit Programs.  Duties also include the following :-

• Evaluating the performance of the auditable entity and appraising the effectiveness and efficiency of its controls, functions, operations as well as compliance with policies and procedures set by the Management.
• Review the working papers and query sheets of team members to ensure that the audit is done in accordance with established standards.
• Confer with the auditees and any other related parties on the shortcomings and discrepancies noted.

4. Examine and evaluate the activities of the auditees as follows :-

• Assess the extent of auditees’ compliance with management instructions, policies and procedures and other established standards and regulations.
• Determine the risk areas and appraise their significance in relation to operational factors such as cost and quality.
• Identify conditions, factors and practices which may be considered inefficient or ineffective and recommend corrective actions to be taken.
• Appraise and form objective opinion on the adequacy and effectiveness of the internal control systems and procedures.

5. Prepare a summary of significant audit findings and brief the Group Chief Internal Auditor or Manager promptly.6. Review the draft report of the team members to ensure accuracy of audit findings and effectiveness of audit recommendations.

7. Prepare final draft Audit Report in accordance with established standards of reporting.

8. Review working papers and ensure that they are properly indexed, signed off and filed promptly.

9. Corrective Action Tracking – to assist in tracking of credit audit findings to ensure timely rectification and full closure as well as escalating to Senior Management, GBAC, regulators of its status.

10. Supervise the team members and ensure that they maintain high standard of discipline and conduct in line with organisation’s rules and regulations.11. Guide and train the team members to develop their auditing skills and enhance their job knowledge and performance. Identify appropriate training courses to enhance knowledge and skills for self and team members.12. Appraise the performance of the team members upon completion of an audit assignment or as and when necessary.13. Ensure that audit cost incurred is managed within the total cost budgeted per assignment.14. Perform any other duties as and when assigned by Group Chief Internal Auditor.

JOB REQUIREMENTS

• Qualifications and Experience
• A degree or diploma holder (a recognized degree in Accounting, Economics, Banking Studies, Business Studies would be an added advantage).
• Minimum of 3 years experience in Internal Auditing, preferably in Financial Institutuion.
• Certified Credit Executive (CCE), Professional Credit Certification (PCC)
• Skills and Knowledge
• Sound knowledge of Bank’s procedures and policies
• Possess good supervisory skills
• Problem solving skills
• Good analytical ability and strong sense of judgement
• Good communication and interpersonal skills
• Good report writing skills
• High level of integrity
• PC Literate