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Job Purpose
To plan and conduct audit of Head Office and branches of relevant entities within Affin Banking Group.
To determine and report on their adherence to established standards and adequacy of internal control procedures; and make appropriate recommendations to improve operational efficiency and effectiveness.
Accountabilities
- Assist the Group Chief Internal Auditor and Manager in the preparation of the annual Audit Plan.
- Develop, revise and update Audit Programs.
- Plan and organize the audits of auditable entities within relevant entities within Affin Banking Group and other special assignments as and when required to do so. Duties include the following:
- Prepare the Remit Document and ensure that it is forwarded to the auditees at least 3 days before the start of audit fieldwork.
- Prepare an effective Audit Plan, collating the needed information through ACL, SIBS and other available source, where applicable. Liaise with the relevant Division/Department/Branch/Subsidiary for information/update prior to the audit.
- Submit the Audit Plan for approval 3 days before starting the audit.
- Develop and modify the Audit Programs, where necessary.
- Lead and manage team members to carry out and complete the audit according to the audit objectives, established audit standards, approved Audit Plan and Audit Programs. Duties also include the following:
- Evaluating the performance of the auditable entity and appraising the effectiveness and efficiency of its controls, functions, operations as well as compliance with policies and procedures set by the Management.
- Review the working papers and query sheets of team members to ensure that the audit is done in accordance with established standards.
- Ensure that query sheets are issued to the auditees on a prompt basis.
- Confer with the auditees and any other related parties on the shortcomings and discrepancies noted.
- Examine and evaluate the activities of the auditees as follows:
- Assess the extent of auditees compliance with management instructions, policies and procedures and other established standards and regulations.
- Determine the risk areas and appraise their significance in relation to operational factors such as cost and quality.
- Identify conditions, factors and practices which may be considered inefficient or ineffective and recommend corrective actions to be taken.
- Appraise and form objective opinion on the adequacy and effectiveness of the internal control systems and procedures.
- Prepare a summary of significant audit findings and brief the Group Chief Internal Auditor or Manager promptly.
- Review the draft report of the team members to ensure accuracy of audit findings and effectiveness of audit recommendations.
- Consolidate team members reports and prepare final draft Audit Report in accordance with established standards of reporting.
- Compile working papers and ensure that they are properly indexed, signed off and filed promptly.
- Conduct tracking and prepare Status Updates of Audit Report issues until full closure Corrective Action Tracking.
- Supervise the team members and ensure that they maintain high standard of discipline and conduct in line with organization's rules and regulations.
- Guide and train the team members to develop their auditing skills and enhance their job knowledge and performance. Identify appropriate training courses to enhance knowledge and skills for self and team members.
- Appraise the performance of the team members upon completion of an audit assignment or as and when necessary.
- Ensure that audit cost incurred is managed within the total cost budgeted per assignment.
- Perform any other duties as and when assigned by Group Chief Internal Auditor.
Requirements
- A degree holder (a recognized degree in Accounting, Economics, Banking Studies, Business Studies would be an added advantage will have added advantage).
- Must have at least minimum of 5 years experience in Internal Auditing, direct exposure doing credit i.e. business units (Corporate or Commercial), credit evaluation (GCM equivalent), independent credit review (ICR equivalent) and credit audit.
- Possess good supervisory skills
- Knowledgeable in Bank's policies and procedures
- Problem solving skills
- Good analytical ability and strong sense of judgement
- Possess strong writing and analytical skills
- Good report writing skills
- High level of integrity
- Able to work under pressure and handle multiple tasks in a fast-paced business environment.
- A proactive individual with good initiative and drive, resourceful and creative.
- Advanced knowledge of the banking and financial system.
- Proficient in MS Office Application.
