Assistant Vice President, General Audit (Retail & Wholesale Banking Audit)

Mandatory Reference Checking Scheme (“MRC”) for Hong Kong

The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.

For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines (https://www.hkab.org.hk/en/home) or further information will be available upon request, if it is applicable to the position(s) applied.

Country of Location:

China Hong Kong

Job Responsibilities:

• Lead and participate in the development, design and execution of regular and adhoc audits, reviews and investigations with a focus on retail & wholesale banking and credit risk management, to determine the adequacy and effectiveness of the internal control and regulatory environment.

• Monitor and manage overall job progress. Co-ordinate with auditees or other team members to complete the assignments efficiently and effectively in accordance with the audit plan or specific time-lines as required by the regulator or senior management.

• Draft audit reports, deal with senior management of audited units and monitor follow-up actions on audit issues.

• With the direction of the Team Head, prepare regular and specific risk assessments, audit plans, reporting and presentation to senior management of the Group / Bank and Audit Committee.

• Act as the Product Champion of the assigned auditable units to understand and monitor their business development initiatives and risk exposures for performing continuous risk assessments.

• Act with the role of quality assurance for the audit team through regular review of audit standards and work done.

• Review and recommend internal audit policies, procedures and programs according to internal and external regulatory requirements.

• Provide advisory service on risks and internal control to the business and functional units or participate in special projects when needed.

• Provide coaching and guidance to audit team members to ensure competency level of the team to complete the audit assignment.

• Support the Team Head or the Chief Auditor on ad hoc projects within the Internal Audit Group.

Requirements:

• Degree holder in Business, Risk Management, Finance, Accounting or related disciplines.
• Minimum 6-8 years’ internal audit experience, previous exposure in retail banking, wholesale credit analysis or credit audits will be an advantage.
• Relevant professional qualifications as CPA, CIA, ACAMS/AAMLP, FRM and CFA will be an advantage.
• Decisive and determined to make recommendations with sound reasoning and judgment.
• Good analytical and communication & writing skills.
• Good command of written & spoken English and Chinese (including Putonghua).