Overview
- Hybrid
- OCBC Singapore
- Full time
- JR00001145
WHO WE ARE:
As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.
Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.
We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.
Your Opportunity Starts Here.
Why Join
Join OCBC to be part of a dynamic and forward-thinking organisation that values innovation and collaboration. In Group Audit, you’ll enjoy a unique perspective across the Bank, gaining insights into diverse functions while driving impactful change. It’s an opportunity to strengthen governance, assess risks, and contribute to the Bank’s resilience and OneGroup vision. With continuous learning opportunities, it’s a rewarding role for those passionate about making a difference.
How It Works
To succeed in Group Audit at OCBC, one must combine critical thinking with a keen eye for detail. Build strong stakeholder relationships, ask the right questions, and challenge assumptions. Leverage data analytics for sharper insights and stay updated on emerging risks and trends. Managing multiple priorities, adapting to complex situations, and maintaining independence are key. Resilience and effective communication will help navigate challenges and deliver impactful, high-quality audit outcomes.
What You Do
Strategic Management
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Define and implement strategies for the PPG team to aid Group Audit’s in delivering mission and vision.
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Maintain the Internal Audit Charter to establish the terms of reference for Group Audit by defining the purpose, authority and responsibility of the internal audit function within OCBC Banking Group.
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Ensure Group Audit’s stature, organisation, strategy and resources are aligned with the Banking Group’s strategic objectives and corporate governance, and take into consideration changes in stakeholders’ expectations, emerging trends and leading practices in internal auditing.
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Develop and enhance audit methodologies and practices in line with industry best practices.
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Lead and contribute to the advancement of audit standards and regulatory frameworks.
People Management
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Lead and motivate team to ensure they have sufficient knowledge, skills and experience, and fulfil the key attributes of internal audit profession, i.e. professional ethics.
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Monitor measurable key performance indicators (KPIs) for audit teams to achieve the division’s goals.
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Oversee guest auditor programs to provide learning opportunities for guest auditors to better understand audit requirements and process as well as strengthen their risk awareness and control consciousness; and conversely to encourage the guest auditors to contribute business perspectives and practical balanced approaches to OCBC’s auditing process.
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Lead by example by modelling bank desired behaviours, so that staff are inspired to do the same.
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Champion a prudent risk and compliance culture that promotes good ethics, accountability and good conduct among staff.
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Cultivate a conducive environment that allows staff to learn, grow and consistently exhibit the core values of the Bank.
Governance
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Assist in the preparation of the annual audit plan, financial budget, cost allocation to other divisions and KPIs for review by the CEO and approval by the Audit Committee.
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Assist in the engagement with the Audit Committee and the CEO on a periodic basis to discuss the results of audit activities, any significant issues or concerns, the progress in execution of audit plan and status of meeting KPIs.
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Assist in the engagement with regulators on periodic basis to discuss Group Audit’s organisation, audit plan, key risk themes and any significant concerns, and ensure that the requested reports and information are provided to the regulator according to the agreed frequency.
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Assist in the engagement with Divisional Management periodically to discuss business developments, organisational changes, key initiatives, state of internal controls, emerging developments/risks and culture/conduct concerns to facilitate proactive decision-making and foster strong risk and control culture.
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Assist to coordinate and work with external auditor and regulators, as well as, reporting to Management Committee, as needed.
Quality Assurance
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Support the development and maintenance of the quality assurance improvement program to assess Group Audit’s conformance with the Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing, and effectiveness and efficiency of audit execution, and put in place measures to address any gaps and enhance the internal audit practices.
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Lead thematic reviews to identify key risk areas and conduct reviews to provide assurance.
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Identification of trends (internal and external) related to quality assurance.
Deliverables Management
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Collaborate with the Group Leadership Team in the creation of an annual risk-based audit plan, using an appropriate risk-based audit methodology and including the key risks and emerging requirements associated with the Banking Group’s corporate strategy, business model and activities, and operating environment.
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Monitor audit plan execution to facilitate the timely completion, manage budgets, and report on progress and results.
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Make necessary changes to the audit plan to address any emerging risks and concerns, regulatory developments or shifts in the Banking Group’s corporate strategy.
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Monitor Division’s Key Performance Indicators and Objectives and Key Results.
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Periodically report on significant governance, risk management, and internal control issues, providing resolutions and annual assessments of internal controls.
Who You Are
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Bachelor’s degree in Commerce, Business Administration, Accounting, Banking and Finance or a related field.
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Minimum of 10 years of experience in financial services internal audit, preferably in audit methodology, quality assurance, risk assessment, planning and governance reporting.
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Ability to build and maintain strong relationships with stakeholders at all levels of the organisation.
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Good writing skills with proven track record of producing clear, concise and organised write-ups for the intended audience
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Detail-oriented, Strong analytical, problem-solving, multi-tasking and time management skills.
Who You Work With
Group Audit is all gaining experience of the bank in its entirety. Gathering insight. Building Risk and Controls expertise. Advising leadership. You might join us in Global Markets, Risk & Finance Audits, Credit Risk Audits, Investigation, Professional Practice and Governance or Audit Analytics. But wherever you are, your work with clients from around the world drives innovation and makes audit an artform.
What we offer:
Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.
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.