Overview

Wholesale Banking & Consumer Lending Audit

ED Senior Audit Manager, Wholesale Banking & Consumer Lending Audit – (2400012K)

Description

 

You will be part of the Wholesale Banking & Consumer Lending Audit department (“WBC”) within the Group Audit function. You will help drive audit activities related to the wholesale banking credit portfolios within the Bank. You will 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 WBC, you will lead 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. You will also manage the preparation and presentation of audit findings, recommendations, and reports to Senior Management and audit clients.

 

Responsibilities include:

  • Leading and managing a team of auditors in conducting credit risk reviews 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 observations, recommendations, and management responses, as well as adequacy of evidence for closure of audit issues.
  • Contributing to the development of annual audit plans.

 

     

    Qualifications

     

    Experience : 

    • At least 20 years of relevant credit and business experience in corporate or commercial banking.
    • Strong 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.
    • 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 about 25% of the time.
    • Prior auditing and/or managerial experience are desirable, but not mandatory.

     

    Primary Location

    : Singapore

    Job

    : Audit

    Organization

    : Wholesale Banking & Consumer Lending Audit

    Schedule

    : Permanent

    : Full-time

    Job Posting

    : 22-Nov-2024, 7:01:12 AM

    Tagged as:

    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.