Business Risk Consultant with International Private Bank under Business Unit. Reporting to both business team and the risk team
Responsibilities:
Conduct comprehensive risk-based internal audits of the bank's operations, processes, and systems in accordance with established audit plans and methodologies.
Evaluate the effectiveness of the bank's internal control framework, including the design and implementation of controls, and assess their adequacy in mitigating risks.
Identify and assess potential areas of risk, including operational, financial, and compliance risks, and develop appropriate audit procedures to address these risks.
Execute audit procedures, including conducting interviews, reviewing documentation, analyzing data, and performing testing to evaluate the bank's compliance with policies, procedures, and regulatory requirements.
Analyze audit findings, identify root causes, and prepare comprehensive audit reports detailing observations, recommendations, and action plans.
Collaborate with management and business units to develop and implement corrective actions to address identified deficiencies and enhance control environment.
Monitor the timely completion of agreed-upon actions and ensure adequate follow-up to address outstanding audit issues.
Stay abreast of regulatory developments, industry trends, and best practices in internal auditing to enhance the effectiveness and efficiency of audit processes.
Provide guidance and support to junior audit team members, including reviewing their work, providing feedback, and facilitating their professional development.
Foster effective relationships with key stakeholders, including senior management, business unit leaders, and regulators, to promote a collaborative and supportive audit environment.
Qualifications:
Bachelor's degree in finance, accounting, business administration, or a related field. A relevant professional certification such as CIA (Certified Internal Auditor), ACCA (Association of Chartered Certified Accountants), or CPA (Certified Public Accountant) is highly desirable.
Minimum of 5 years of experience in internal auditing, preferably within the banking or financial services industry. Experience in auditing corporate banking functions will be an advantage.
Strong knowledge of internal auditing standards, practices, and methodologies, including risk assessment, control evaluation, and testing techniques.
Sound understanding of banking operations, products, and regulatory requirements applicable to corporate banking.
Proficient in using audit management tools, data analytics software, and Microsoft Office suite.
Excellent analytical and problem-solving skills, with the ability to identify and assess risks, and develop appropriate audit procedures and recommendations.