Audit Manager

Overview

Corporate Audit Services (CAS) provides independent assurance to the Executive Board, the Supervisory Board and the Audit Committee on the quality and effectiveness of ING’s internal control, risk management, governance and implemented systems and processes. CAS supports ING to accomplish its mission and strategic business objectives through a systematic, documented risk-based audit approach to examine, evaluate and improve the effectiveness of ING’s governance, control, and risk management processes.

The Audit Manager leads the planning, execution and reporting process of audits, including those which are performed abroad. The Audit Manager is able to lead audits involving multiple and senior stakeholders and which cover a commingled array of topics. The Audit Manager supervises the work performed by the team members and coaches them on the job.

The Audit Manager will work on audits in ING’s Hub in Manila as well as in the Asian branch network. (S)he will work for different Senior Audit Managers and in diverse, international teams.

Key Responsibilities

(A) Leadership

• Manages a team of audit professionals based in ING Hub Philippines. Recruits staff, develops talent, builds effective teams, and manages budget. Identifies internal talent and fills key positions, attracts talent with required expertise to meet the risk profile of the business, builds deep bench strength and develops appropriate succession plan. Responsible for other HR management tasks, such as people development, providing training, knowledge sharing and coaching. Develops and maintains the effective and efficient deployment of staff for the various activities.

(B) Risk Assessment and Semi-Annual Audit Planning (RASAP)

• Assists in assessing and prioritising the auditable entities based on the importance to business objectives / value drivers, risk type significance and quality of internal control.
• Assists in determining the organisational entity audit plan, the required resources, the timing of the audits and the creation of a global business line audit plan.

(C) Assignment planning

• Obtains an understanding of the auditable entity and determines the audit objective, scope, approach, risk control matrices and key controls for complex and specialised audits.
• Responsible for the execution and completion of the business process analysis, assessment of inherent risk, evaluation of control design, testing of operational effectiveness and assessment of residual risk.

(D) Audit execution & reporting

• Leads audit engagements
• Responsible for testing of operational effectiveness and assessment of residual risk in complex and specialised audits where technical experience is required
• Monitors the progress of the audit and reviews the activities carried out by the team according to the established audit programs / risk control matrices.
• Prepares and reviews audit reports for the management of the business unit after completion of fieldwork.
• Discusses audit conclusions and reports with the managers of the investigated business entities.

(E) Audit closure

• Ensures that the audit work performed by the audit team is documented in the Audit application in accordance with the guidelines in the CAS manual.
• Performs job evaluations and provides input to the senior audit manager regarding the quantitative and qualitative strength of the audit team.

(F) Communication

• Maintains good relationships with business management, the external auditor and the supervisory bodies.
• Works pro-actively with other WB CAS teams to ensure a consistent audit approach.
• Secure smooth cooperation in a cohesive (international) team;
• Identify and analyse issues negatively impacting the audit process (e.g. shortage of hours), and discusses potential solutions with the involved CAS Bank GLT member(s).

Person Specifications

(A) Competencies

• A team player with a proactive attitude.
• Shows passion, drive and ambition.
• A challenger who is not afraid to express views.
• Has a drive for performance and motivation
• Is meticulous, organised and able to multi-task
• Good problem-solving & analytical skills.
• Positively influences the team and organizational culture by proactively stimulating a “Can Do” / “Right on Time” / “Right First Time” mentality.
• Looks for and implements improvement opportunities.
• Achieves timely delivery of high-quality audit service.
• A trusted business partner, while maintaining independence and objectivity
• Excellent verbal & written communication skills

(B) Pre-requisites

• University degree in Accountancy or Banking and Finance.
• Certified Public Auditor (CPA) and/or Certified Internal Auditor (CIA) or willingness to become CIA within 18 months of commencement.
• Minimum of 10 years working experience within Wholesale Banking, preferably in a risk, compliance, or audit function.
• Experience in managing a team.
• Experience in Transaction Services, Financial Markets, Lending and/or in Operations.
• Experience with data analytics and continuous monitoring would be advantageous.
• Good understanding of Wholesale Banking products and processes.
• Willingness to travel (up to 30% - for audits outside of ING Hub Philippines)