Our client, a well- established international bank with a strong presence in Asia is looking to expand their business within the Asia Pacific region. The firm is looking for a VP – Internal Auditor (Operations Risk) to join them.

About Operational Risk Management

Operational Risk is an inherent part of the bank's business. The 2LoD role is undertaken by Risk Framework Owners (for PRTs), Subject Matter Experts (for Operational Risk sub-types) and by Operational Risk Officers who look across multiple risk types. 2LoD Operational Risk performs independent reviews, oversight and challenge on the 1LoD Business and Functions.

Key Responsibilities:

Business

To act as a Team Leader and take responsibility for overseeing the planning and execution of the audit, maintaining the audit budget and audit team.
Ensure that the scoping of audit work assigned addresses the key risks identified in the detailed risk assessment and in the audit planning process and meets relevant regulatory requirements and expectations that are required to be covered by GIA.
Drafting of the audit programme, audit observations/ issues and audit report.
Provide technical input and challenge on audit work being undertaken within the scope of assigned product / country area of responsibility. This will include working with the audit team to produce outputs of high quality which address the areas of greatest risk.
Using data analytics, evaluate quantitative and qualitative data to diagnose underlying issues, patterns, and root causes.
Monitor/track assigned audit issues and action plans and report overdue items with resolution.
Support HOA in audit risk assessments and committee reporting, such as Audit Committees reporting.
Support GIA audit teams by providing SME knowledge and expertise for their audits.
Provide ongoing continuous monitoring support to Head of Audit (HOA) and raise issues and observations outside of formal audit work to expedite rectification of control weaknesses.
Demonstrate leadership and ability to motivate and guide audit team members.

Processes

Need to be familiar/have hands on experience working on topics - Source to Pay, Supply Chain Management or familiar with the requirements for Operational Risk Management set out in Capital Requirements Regulations and the BCBS 515 Sound Principles for Operational Risk Management.
Champion innovation and increase the use of leading-edge methods through data analytics and use of technology, experimentation And innovation and use of dynamic auditing.

People And Talent

Build good working relationships with the business senior stakeholders to facilitate execution of audit work, help improve the control environment and keep updated with changes in the risk profile of the business.
Build a collaborative and inclusive culture that creates psychological safety, treating people with courtesy / respect and promote wellbeing. Foster a culture of learning and build the learning habit.
Develop skills and competencies aligned to your role and support the development of junior staff.

Key stakeholders

Designated business stakeholders, typically related to individual audit assignments and the assigned portfolio; and
GIA stakeholders – team leaders, team members, team managers, Heads of Audit.

Skills/Qualifications:

12+ years of work experience as an internal auditor or a risk and governance specialist Operational Risk Management or Third-Party risks such as Outsourcing, Procurement or Third Party Risk Management with a Bank of global scale, MNC or Big-4 Accounting firm.
Experienced in performing vendor onsite reviews across various types of vendor services or experiences in working with technology vendors such as cloud vendors will be an advantage.
Have a good understanding of Third Party Risk Management, Operations Risk Management or Outsourcing risks across business strategy, plans, products, performance and related issues.
Strong communication skills, both written and verbal, with ability to influence business management, other stakeholders and peers.
Excellent communicator, able to raise/escalate issues in a proactive, professional and timely manner.
Track record of performing work independently with minimal supervision and meeting stretch timelines; comfortable to deal with ambiguity and solve problems.

Please email your cv directly in word format with job reference no. 16915 to Sophia Lin via email to [HIDDEN TEXT]

Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 5 business days we regret to inform you that your application for this position was unsuccessful.

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EA Licence: 16S8131

Recruiter Licence: R22104669

VP Internal Auditor (Operations Risk)