AVP/VP, Securities Auditor, Internal Audit Department

Internal Audit department of SMBC is responsible for examining the overall internal control system including governance and support functions as well as the effectiveness and efficiency of operations and compliance with applicable laws and regulations.

IADAP conducts internal audits of the operations of all SMBC units and departments. 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 Internal Auditor, you will add value and improve the Bank’s operations by bringing an efficient and disciplined approach to the effectiveness of risk management, control, and governance processes of Bank Group Companies, specifically for securities business. You will travel and work closely with cross-functional and other group companies audit teams on a global and regional scale to deliver high-quality audit services. You will have the opportunity to work with the stakeholders to evaluate internal controls and providing recommendations to strengthen these processes.

Responsibilities

• Lead and/or execute audits independently and efficiently, including audit planning, key control evaluation , testing , reporting, and issues follow-up, with a strong focus on:
• Fixed Income, Securities, and Trading (FIST)
• Structured Derivatives (FX, Rates, Credit)
• Origination and Solutioning within capital market
• Sales and Trading activities within capital market.
• Perform audit activities in accordance with the Bank internal audit methodology. The areas of coverage include governance and risk management frameworks and the operating environment of Bank securities businesses.
• Assess the Bank internal control environment with view to provide value-adding recommendations 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 Business Units 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 Business Units.
• Perform continuous monitoring on assigned Business Units to keep abreast on evolving markets, regulatory, business and operational changes to drive appropriate ongoing audit coverage.
• Participate in Bank’s strategic initiatives / project meeting to promote / enhance the organization's governance and risk culture.
• Participate in the audit department’s strategic initiatives and projects as opportunities arise.
• Fixed Income, Securities, and Trading (FIST)
• Structured Derivatives (FX, Rates, Credit)
• Origination and Solutioning within capital market
• Sales and Trading activities within capital market.

Requirements

• CPA certified or equivalent of an internationally recognized accounting body
• At least 6 years experience in audit of the investment banking with strong experience in capital markets activities, FIST and structured derivatives.
• Good operational knowledge of trading and capital market activities to enable identification of control weaknesses and advice on best practice/ process improvement, including strong understanding of information controls to handling and sharing of non-public or material information by business, to mitigate conflicts of interest and insider trading risks.
• Strong understanding of risk management frameworks, governance standards, and best practices (i.e. Basel, COSO, Three-line Defense)
• Excellent communication skills, with the ability to present audit findings and recommendations effectively.
• 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
• Strong problem-solving skills and attention to detail