Assistant Vice President, Global Markets and Treasury, Internal Audit Department - SMBC

Internal Audit department of SMBC is responsible for examining the overall internal control system including the effectiveness and efficiency of operationsand compliance with applicable laws and regulations.

Internal Audit Department, Asia Pacific Division (IADAP) conducts internal audits of the operations of all SMBC units and departments, including Global Markets and Treasury audits. The IADAP team based in Singapore is primarily responsible for the audits of SMBC units and activities in Asia Pacific region. However the team may be called upon to help support the other regions.

Considering expansion of audit universe in view of the expansion of APAC, it is critical to maintain at least the current headcount to conduct the audit plan in timely and precise manner.

As Regional Global Markets and Treasury Internal Auditor, you will add value and improve the bank's global markets and treasury activities by bringing an efficient and disciplined approach to the effectiveness of risk management, control, and governance processes. You will travel and work closely with internal audit counterparts on a regional scale to conduct audit visits. You will have the opportunity to work with the stakeholders to evaluate internal controls and providing recommendations to strengthen these processes.

Job Responsibilities

• Lead and/or execute audits independently and efficiently, including audit planning, key control evaluation and testing, report drafting and issues follow-up and closure. Perform audit activities in accordance with the Bank internal audit methodology.
• Plan and execute in-depth risk assessments and process design reviews and operating effeciveness testing to provide reasonable assurance of the Bank internal control environment relating to Global Markets and Treasury activities.
• Provide value-adding recommendations which are effective and sustainable to Management to manage emerging issues or remediate identified weaknesses.
• Apply data analytics to assess the internal control environment.
• Establish and develop good working relationship with Management of assigned Global Markets and Treasury functions for which candidate has been assigned risk assessment responsibility.
• Contribute to the annual risk assessment exercise by developing good understanding of business strategy, plans, products, processes performance, risks and issues of the assigned Global Markets and Treasury functions.
• Perform continuous monitoring on assigned Global Markets and Treasury functions to keep abreast on evolving markets, regulatory, business and operational changes to drive appropriate ongoing audit coverage.
• Keep abreast of regulatory changes and industry best practices (e.g. MAS, RBI, APRA).
• Participate in the team's strategic initiatives and projects as opportunities arise.

Job Requirements

• About 5 - 8 years of audit experience within a bank, securities firm or an equivalent financial institution in the APAC region, with experience of Global Markets and Treasury front office and risk management functions.
• Experience auditing market and liqudiity stress testing processes would be an added advantage
• Familiar with execution of risk-based audit approach.
• Proficient in both spoken and written English.
• Good interpersonal and stakeholder management skills.
• Good team player as well as able to work independently.
• Meticulous, disciplined and self-motivated individual with the passion to pursue excellence.