VP of Internal Audit

Cyberjaya, Malaysia | Posted on 24/04/2024

As the VP of Internal Auditat Deriv, you’ll be more than just a leader; you’ll be the key to ensuring theeffectiveness of our internal controls, risk management, and regulatorycompliance. This role demands a strategic approach, leveraging advanced analyticsfor critical insights and trend identification. You’re key to safeguarding ourassets and reputation while maintaining customer trust.

You’ll inspire a team ofprofessionals, fostering a culture of innovation and excellence. Your role isessential in integrating audit findings into our business strategy, ensuring aunified approach to risk management. If you are driven to make a real impact,we welcome your expertise at Deriv.

● Create andimplement a comprehensive audit strategy focused on high-risk domains liketrading platforms, customer data security, and Anti-Money Laundering (AML)controls, ensuring alignment with the organisation’s objectives.

● Identifyrisks associated with trading, investment, financing, and regulatoryactivities. Evaluate the adequacy of audit coverage and monitor for any controlweaknesses or regulatory non-compliance.

● Lead theplanning and execution of internal audits covering trading controls,transaction verification, cash reconciliations, collateral management, andregulatory compliance. Ensure thorough follow-up and resolution of identifiedissues.

● Conductinternal audits professionally and objectively, complying with the Institute ofInternal Auditors’ standards. Deliver timely and actionable audit reports toenhance internal control systems.

● Keepup-to-date with the latest developments in broker-dealer operations and globalfinancial markets. Incorporate industry best practices into the organisation’srisk, compliance, and audit frameworks.

● Monitor theeffective implementation of audit recommendations by management. Maintainstrong collaborative relationships and communicate regularly regarding auditplans, resource needs, findings, and progress updates.

● Achieve keyperformance indicators such as the rate of audit plan completion and qualityassessments of audit reports.

● Build andlead a high-performing internal audit team. Provide mentoring, coaching, andperformance feedback.

Requirements

● 15+ yearsof proven internal audit and risk management experience in senior positions

● Universitydegree in Accounting, Finance, or a related discipline

● Demonstratedexpertise in auditing standards, risk assessment methodologies, and regulatorycompliance requirements

● Solidanalytical and problem-solving skills with the ability to identify risks,assess controls, and develop practical solutions

● Ability topresent complex information clearly and effectively to diverse audiences

● Strongleadership skills, capable of guiding and inspiring a dynamic team, and anability to collaborate effectively with a range of teams and stakeholders

● Strategicthinker, capable of making difficult decisions in a fast-paced environment

● Excellentspoken and written English communication skills

What’s good to have

● Professionalcertifications such as CIA, CPA, or CISA

● Experiencein the fintech industry

● Market-based salary

● Medical insurance

● Housing andtransportation allowance

● Casual dress code

● A chance to work with toptalent from across the globe (70+ nationalities)