Assistant Vice President, Wholesale Banking Audit (Credit Audit)

OCBC Bank

  • Hong Kong
  • Permanent
  • Full-time
  • Just now
OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. Since our incorporation, we have been enabling people and communities to realise their aspirations. This is our purpose.As the second-largest financial services group in Southeast Asia by assets, we hold one of the world’s highest credit ratings: Aa1 by Moody’s and AA- by both Fitch and S&P. Our commitment to excellence has earned us numerous industry accolades, reinforcing our reputation as one of Singapore’s best banks.With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented by a presence in the leading economies of New York, London and Sydney. As One Group, we support your ambitions across borders with our deep local knowledge – be it growing your personal wealth or capturing business opportunities – for now, and beyond.OCBC offers private banking services through our wholly-owned subsidiary, Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.Great Eastern Holdings, our insurance subsidiary, is the oldest and most established life insurance group in Singapore and Malaysia.Lion Global Investors, our asset management subsidiary, is one of the leading asset management companies in Southeast Asia.The Group has over 400 branches and representative offices in 19 countries and regions.What you will be doing:
  • Participate in the development and maintenance of:
  • Audit methodology and procedures to provide independent assurance of credit risk exposures and credit risk management processes over the following credit related business/support units:
  • (1) Wholesale Banking Group – Corporate Banking & Commercial Banking, Transaction Banking and Financial Institutions;
  • (2) Emerging Business;
  • (3) Risk Management – Credit Risk Management, Special Asset Management, Consumer Credit Recovery, and Risk Policy;
  • (4) Operations – Loans Operation and Trade Services; and Knowledge of leading practices and activities relevant to assigned audit portfolios.
  • Lead/ Participate in the assessment of credit risk exposures quality of wholesale lending portfolios from four considerations – actual versus expected portfolio performance, data integrity, troubled exposure and volatility of future performance.
  • Lead/Participate in the independent assessment of credit risk management and operations process of wholesale banking business that are conducted in partnership with Group Audit, and evaluate the governance framework, risk management, regulatory compliance processes and internal controls systems.
  • Lead/Participate in the handling of special assignments (e.g. investigations, advisory and other ad-hoc/special projects).
  • Work in conjunction with business/support units and assist HoD to:
  • (1) Keep abreast of emerging risks/concerns;
  • (2) Maintain a good working relationship to enforce the role of IAD as an independent partner to build trust and transparency;
  • (3) Monitor changes in risk management and/or all major new developments; and
  • (4) Monitor the implementation and progress of audit recommendations.
  • Work with HoD and other internal auditors to achieve the most efficient and effective working practices for IAD.
  • Work as a leader over a team of internal auditors for assigned audit engagements and execute audit engagements with at least the following skills:
  • (1) Project management and data analytics skills;
  • (2) Subject matter expert on audit framework and methodology;
  • (3) Subject matter expert on the quality of credit risk exposures and credit risk management process; and
  • (4) Ability to identify critical issues and improvement opportunities.
  • Establish and implement career management as well as development plans.
  • Make use of data analytics skill to improve the audit effectiveness and efficiency for audit engagements.
What we are looking for:
  • Bachelor’s degree
  • CIA, CPA or equivalent qualification is required
  • ECF in AML/CFT at Core Level is preferred
  • Minimum 7 years of relevant credit and business experience in corporate or commercial banking. Prior auditing experience is desirable, but not mandatory.
  • Sound knowledge of credit risk management activities
  • Sound knowledge of control requirements of banking industry and external applicable rules and regulations
  • Strong knowledge of MS Excel, strong data analytical skill, sound knowledge of Python, Power BI or other data analytics tool is preferred
  • Good communication skills, good command of English (Oral & Written) and good in report writing
  • Good people management skill, dynamic and good interpersonal skill
  • Ability to interact with people at different level
  • High level of integrity and drive, and ability to work under pressure
  • Ability to lead/execute audit assignment independently
  • Ability to multi-task and possesses strong time management skill
  • Good problem-solving skill, detail/technical oriented with ability to decipher ‘big picture issues
  • Willing to travel for audit assignments

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