Overview

Global Wholesale Banking Audit

VP/ED, Senior Audit Manager, Global Wholesale Banking Audit – (2500001T)

Description

 

You will be part of the Global Wholesale Banking Audit within the Group Audit function. You will participate in audit activities related to the wholesale banking credit portfolios within the Bank and play a critical role in evaluating the effectiveness of internal controls, risk management practices, and compliance with regulatory requirements. Your expertise will contribute to the continuous improvement of internal processes and the identification of potential risks and control weaknesses.

Reporting to the Head of Wholesale Lending Audit, you will work with a team of internal auditors in the planning, scoping, and execution of audits related to wholesale banking activities. You will evaluate the adequacy of internal controls related to the wholesale banking portfolios and manage the preparation of audit findings, recommendations, and reports to Senior Management and audit clients.

 Responsibilities include:

  • Leading and conducting credit risk audits of the various wholesale credit portfolios in the Bank, in accordance with Group Audit’s standards and key performance indicators.
  • Evaluating the adequacy and effectiveness of internal controls related to wholesale banking, including credit underwriting, loan origination, portfolio management, problem recognition and remedial management, as well as risk mitigation strategies.
  • Providing value-added opinions and recommendations to improve the design and effectiveness of internal controls.
  • Reviewing and assessing the appropriateness of audit issues, recommendations, and management responses, as well as adequacy of evidence for closure of management action plans.
  • Working with a team of auditors to ensure that assigned audit engagements are completed and delivered on time.

 

Qualifications

 

Experience : 

  • At least 20 years of relevant credit and business experience in corporate or commercial banking.
  • Deep knowledge of wholesale banking products, lending processes, and credit risk management.
  • Familiarity with regulatory requirements, for example the various MAS notices pertaining to the Bank’s credit portfolios.
  • Strong analytical skills, attention to detail, and the ability to maintain balanced risk-reward perspectives.
  • Proficient is data analytics tools and techniques.
  • Good written and oral communication skills.
  • Ability to interact with people at different levels and work in a team context.
  • High level of initiative and drive, with the ability to manage a team independently.
  • Able to travel for audits.

 

Primary Location

: Singapore

Job

: Audit

Organization

: Global Wholesale Banking Audit

Schedule

: Permanent

: Full-time

Job Posting

: 13-Jan-2025, 10:26:28 AM

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About OCBC Bank

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. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.

OCBC’s private banking services are provided by its 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.

OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.