The Audit Manager will be a member of the APAC Regional Treasury Centre of Excellence audit team and will be a key contributor in the completion of the audit process. This will include both leading and participating in the planning and execution of risk based audits of Treasury businesses ongoing business monitoring and risk assessment of assigned business entities. The Audit Manager will also contribute to the annual audit planning process with respect to assigned business entities. The candidate is expected to have good knowledge of the controls associated with the liquidity, interest rate accrual and investments risks that this bank takes in managing its balance sheet and running its businesses. Candidates should have a strong understanding of the current regulatory environment impacting Treasury activities.
This world class provider of both developed and emerging markets products and services to an extensive client base consisting of corporations, governments, financial institutions and hedge funds. The Treasury function is a component of the company’s Finance Organization and provides balance sheet governance and oversight across the firm’s product base, in all geographies. Strong management of the risks run by Treasury is vital for the long term viability and is a key focus of regulators in all countries.
This position will be based in Singapore and will involve travel (approximately up to 25%).
Key Responsibilities:
- Participate in and lead audits of Treasury businesses with particular focus on interest rate risk management in banking books, liquidity risk management and Funds Transfer Pricing management in accordance with Internal Audit methodology and regulatory requirements in the assessment of control issues, formulation of corrective actions and preparation of audit reports.
- Assist in the maintenance of the “auditable entity” universe to reflect changes in business structure and organization as these occur.
- Ensure effective continuous business monitoring of assigned business areas to promptly identify changes in risk profiles or deterioration in control environment and ensure results are reflected in the quarterly audit plan refresh.
- Ensure that potential issues are raised promptly and collaboratively to IA and business management with a view to identifying the most viable, pragmatic and sustainable solutions to mitigate the risk.
- Develop and manage effective relationships with business stakeholders providing all stakeholders with insight, opinions and practical solutions to improve the control culture.
- Keep abreast of industry developments, new laws, rules, products, technologies and applications and consider implications for the business and audit universe and plan.
- Work collaboratively with IA teams in other locations, sharing issues and concerns identified to evaluate and identify potential global themes.
- Uses excellent communication skills in order to influence a wide range of internal audiences including respective product, function, or regional executive management partners. May negotiate internally often at higher levels on matters which will have a major impact on the area managed.
- Ability to work independently, possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and intuitive thinking. Consulted often by others for advice and opinions.
Qualifications
Qualifications and Competencies:
- Broad knowledge and experience gained within a Front Office Treasury, Market Risk or Treasury audit role.
- Demonstrable knowledge of key controls operated by support functions associated with Treasury activities in areas such as liquidity risk management, interest rate risk management and funds transfer pricing.
- Experience of managing and leading projects.
- Experienced in applying Risk Based Auditing methodology.
- Demonstrable knowledge of data analysis and/or technical skills to analyze data utilizing automated tools.
- Knowledge of advanced Excel & Access functions to perform data analysis/test automated controls is highly advantageous.
- Degree level education (or equivalent).
- Professional qualification is desirable (Chartered Accountant or similar professional Audit qualification).
- Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views.
- Good organizational skills and ability to work proactively without close supervision.
- Ability to work to deadlines.
- Team player, able to build and leverage relationships across the organization. Strong interpersonal skills for interfacing with all levels of internal and external audit and management.
