Senior Specialist, Credit Audit
GX Bank
Petaling Jaya (First Avenue)
Posted on GX Bank website on 20 Feb 2025 (about 2 months ago)
GX Bank Berhad - the Grab-led Digital Bank - is the the FIRST digital bank in Malaysia, approved by BNM to commence operations. We aim to leverage technology and innovation to serve the financial needs of the unserved and underserved individuals, and micro and small medium enterprises.
We are driven by our shared purpose and passion to bring positive transformation to the banking industry, starting with solutions that addresses the financial struggles of Malaysians and businesses.
Reporting directly to the Lead, Business Audit and the Head of Internal Audit, the Senior Specialist, Credit Audit is expected to:
Assess the credit risk management and lending related framework, policies and procedures and ensure its alignment with the Bank's risk appetite, relevant regulatory requirements and industry best practices. Lead and evaluate the adequacy of the credit evaluation processes, including the effectiveness of credit risk models and scoring mechanism. Review and assess the credit approval and decisioning process, monitoring of loan performances, borrower behavior, default trends and effectiveness of the Bank’s default management strategy, including credit risk reporting, amongst others.
Plan and deliver various business-related internal audit engagements across the Bank and ensure audits are thorough, meet regulatory requirements and internal standards.
Effectively manage audit timelines, resources and team coordination to ensure high-quality results and timely delivery. This includes providing regular updates and roadblocks, if any, to the Lead, Business Audit, Head of Internal Audit and key stakeholders.
Utilise data analytics tools for continuous auditing to help enhance the effectiveness and efficiency of audit planning and testing.
Work closely with key stakeholders across Risk, Compliance, Legal, Finance, Product and other departments, and senior management to address audit findings and the closure of management action plans. Also, provide ongoing support and advice to stakeholders, offering strategic advice on process improvements and risk mitigation measures.
Formally track and prepare management action plans reporting to ensure appropriate measures have been established or implemented to improve the overall control environment.
Maintain clear and accurate documentation of audit work performed, including audit trails, testing procedures and evidence to support findings and recommendations as relevant.
Prepare succinct audit reports detailing findings, root causes and impact, and recommended management action plans to senior management and the Board Audit Committee.
Stay updated on emerging risks, regulatory changes and industry best practices in credit auditing and incorporate these into the audit methodology.
Bachelor’s Degree in Business / Accounting / Finance / Economics, or related field.
Certified Internal Auditor (CIA) or Certified Bank Auditor (CBA). Highly desirable certifications include Certified Credit Executive (CCE), Retail Credit Professional (RCP), Business Credit Professional (BCP), or Professional Credit Qualification (PCC) are highly desirable.
At least 5-8 years of experience in internal audit within the Banking industry, with strong emphasis on credit audit exposure.
Strong understanding of Bank Negara Malaysia (BNM) guidelines, particularly Credit Risk and Capital Adequacy Framework.
Strong communication and interpersonal skills.
Meticulous with high attention to detail.
Ambitious, self-starter, self-driven, flexible, innovative, adaptable and highly motivated individual.
A deep desire to excel and develop a career in a fast-growing digital bank.
Integrity and respect in the performance of duties.
Familiarity with advanced analytics tools or programming languages such as Python, R or SQL for audit purposes.