Internal Audit (Banking)

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.

Requirements

• Degree Holder with minimum 6 years of Internal Audit experience in a bank or Big 4 audit experience covering Corporate/Private banking.
• Strong knowledge of banking regulations, particularly MAS and AML/CFT requirements.