VP, Strategic Management

3 weeks ago


Kuala Lumpur, Malaysia United Overseas Bank Full time

VP, Strategic Management & Professional Practice, Internal Audit

Posting Date: 30-May-2023 Location:

Kuala Lumpur, Wilayah Persekutuan, MY, 50350

Company: United Overseas Bank (Malaysia) Bhd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices.

Our history spans more than 80 years. Over this time, we have been guided by our values — Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

About the Department

UOBM Internal Audit (IA)’s mission is to be an independent and effective audit and risk review function, working in partnership with businesses to support the Bank’s goals. IA embarked on transformation journey that is enabled by the adoption of advanced technology tools and Data Analytics (DA). DA enables IA to develop useful and actionable audit insights into business risks.

Strategic Management & Professional Practice (SMPP) is one of the important function in the bank’s Internal Audit Department. It covers the audit practices, conformance to IIA standards, championing best practice in audit governance, developing audit plan, keeping Audit Committee (AC) apprised on the state of the bank’s internal controls and regularly reporting audit related matters to Management and Group Audit.

In addition, SMPP regularly engages regulator (BNM) to provide informative audit update to BNM and obtain feedback to help refine its focus, strategy and assurance approach so as to meet regulator’s expectation. Also, SMPP ensures IA function identifies appropriate audit universe and robust risk coverage including all regulatory required scope. For this role, we are specifically looking for candidate with past regulatory experience.

Job Responsibilities

Ensures effective implementation of Internal Audit framework in accordance with Group Audit standards and regulatory requirements. Plans and manages the internal quality assurance review of IA function. Delivers high quality and concise audit / management reports as well as presentations materials to the Board, Audit Committee, senior management and relevant authorities. Actively participates in the development of the audit plan, ensure adequate and robust risk coverage including all regulatory required scope. Monitors the achievement of audit plan and rectification status of audit issues. Implements onboarding program for new IA joiners and coordinate training courses for IA staff. Liaison for external parties such as regulators and external auditor – provides informative update to regulators on audit related matters.

Job Requirements

Possesses a recognized degree or professional qualification in related field Has over 8 years of relevant work experience and well verse with regulatory related matters. Has strong understanding and knowledge of risk and controls, corporate governance and internal audit related regulations and guidelines. Displays significant subject matter expertise in audit practices. Has sound judgement and is sensitive to culture of diversity. Has strong project management and interpersonal skills. Well verse with Microsoft Power-Point and data visualization tools for presentation materials to Audit Committee/senior management as well as for data analysis work.

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