AVP, INTERNAL AUDIT, EQUITIES
Location Hong Kong
Consultant Christy Zhang
Date posted 01 June 201841 Connaught Road Central Hong Kong Robert Walters Hong Kong
The Principal Auditor leads or participates in audits of a specific business / function area in accordance with the Audit methodology, and evaluates the adequacy and effectiveness of internal controls relating to risks within those business areas.
The Principal Auditor may occasionally lead or participate in ad hoc projects and special investigations; The Principal Auditor works in a cooperative manner with subject matter experts and other teams from across the function to provide ‘front-to-back’ / SME audit coverage and actively contributes to the delivery of team plans in support of the functional and business strategies under limited supervision.
The Principal Auditor uses a range of sources and methods to obtain knowledge and applies judgment based on sound business knowledge of day-to-day audit work; this includes conducting regular business monitoring and risk assessments, identifying and assessing key risks and designing testing to assess the design and operating effectiveness of the key controls in place to mitigate risk; The Principal Auditor needs a good understanding of the relevant business area’s market place and needs to continuously develop technical expertise relevant to the industry.
The Principal Auditor must proactively develop and maintain professional consultative working relationships with the audit team, with internal stakeholders, clients and respective support areas and must use a range of approaches to collect relevant and readily available information to assess risk, resolve issues or carry out tasks.
- Execute day-to-day operational audit work and contributes to the delivery of audits (including risk assessment profiles and business monitoring)
- Implement dynamic planning through business monitoring
- Plan audits e.g. documenting activity flows of the processes to be reviewed, identifies risks and the key actual controls in place to mitigate the identified risks and attends meetings with internal stakeholders as and when required
- May lead a team on individual assignments
- Draft high-quality audit reports for review by audit management, facilitates issue tracking, validates the closure of issues and approves closure of important issues
- Execute audit fieldwork in line with the agreed audit approach e.g. documenting Activity Flows, identification of key risks, testing of key controls to determine whether they are properly designed and are operating effectively and documenting work in accordance with divisional standards
- Partner with other divisional / teams during audit engagement to guarantee an integrated approach
- Review and provides expert opinions on action plans provided by clients, helping them develop robust remediation plans
- Complete all assigned audit work in line with agreed budgets, including ad hoc projects and special investigations
- Act as a competent partner and challenger to clients in the closure process of findings
- Communicate openly with divisional management and the internal stakeholders; keeps them informed of potential issues and escalate problems / delays accordingly
- Present complex and sensitive messages (such as audit issues) comprehensively, professionally and reduces complex topics to simple statements
- Participate in exit meetings as required
- Proactively keeps abreast of pertinent industry, regulatory and business practices.
- Establish and maintain a client service / relationship approach with clients in order to understand their business needs; Interprets stakeholder feedback on key business developments / risks and understands the clients’ marketplace in order to address their needs and expectations while delivering ‘one voice’ to the client in all communications and correspondence
- Reinforce an environment where people management and development is a key priority
- Act as a role model for their own team and others
- Bachelor Degree (or equivalent) from an accredited college or university (or equivalent) or equivalent work experience
- Professional / industry recognised qualifications e.g. CISA (for IT auditors), Accounting qualifications such as ACA and CPA
- Sound audit / business knowledge and experience and an understanding of the risks and regulatory requirements in one or more of the following business/functional areas: Investment Banking, Transaction Banking, Retail & Corporate Banking, Asset & Wealth Management, Business Services (operations), Risk, Legal & Compliance, Finance and Information Technology
- International experience, coupled with a familiarity of working within the operational requirements of a global bank; Demonstrates intellectual curiosity and is able to understand and evaluate risk
- Good understanding of global banking control environment and compliance issues in the banking / finance industry
- Strong communication skills, communicating with clarity, both orally and in writing, in a logical order and structured approach
- Strong relationship management, analytical, problem solving, communication, influencing, planning and presentation skills
- Very good knowledge of auditing standards and concepts
- Ability to work in a fast-paced business environment
- Able to work in virtual, global teams in a matrix organisation, transfer knowledge and develop capability of team members