Job Description
Responsibilities
- Support the Department Head in preparing the annual Audit Risk Assessment, Audit Plan, and yearly review of Internal Audit Policy.
- Develop and update audit programs prior to audit fieldwork.
- Execute risk-based internal audits across business units and assess the effectiveness of internal controls.
- Evaluate compliance with bank policies, procedures, MAS regulations, and AML/CFT requirements.
- Identify control gaps and recommend process and control improvements.
- Prepare audit reports, working papers, and participate in closing meetings.
- Apply data analytics to enhance audit efficiency and coverage.
- Conduct off-site monitoring to identify emerging risks from new products, systems, transactions, and regulatory changes.
- Perform monthly and quarterly follow-ups on audit issue remediation and prepare required submissions.
- Undertake routine and ad-hoc audit assignments.