Vice President, Corporate Audit, Malaysia

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

As a member of the APAC Corporate Audit team this is unique opportunity to work within a collaborative and diverse team covering Banking, Operations and Credit, with teammates across APAC and the Globe. This role is expected to effectively manage Malaysia governance and regulatory relationships and matters in conjunction with regional manager, representing the Audit team in local management meetings. In addition to country responsibilities, the individual is expected to support the completion of the audit plan, both locally as well as regional/global audits.

Responsibilities:

We expect the individual to work as an individual contributor to conduct testing independently and with the opportunity to lead audits. In particular:

• Lead/assist to develop an audit plan (e.g. audit scope, audit test plans) based on detailed evaluation of process/business risks and controls.
• Perform and document the execution of specific audit procedures as defined by the projects’ objectives and planned audit approach.
• Communicate audit results to impacted stakeholders in an accurate, timely and professional manner to guide the issue acceptance and resolution process.
• Assist with drafting quality and timely audit reports supporting audit opinions and to share results with audit and business leaders.

Manage the local internal audit function in accordance with local regulatory requirements, and in conjunction with regional manager including:

• Managing the annual local audit plan, including working with regional audit team to ensure plan delivery.
• Ensuring timely and accurate local regulatory submissions.
• Maintain local risk assessments.
• Maintain ongoing development training and meeting the minimum required training hours.
• Review and reassess local Audit Charter and policies periodically.

Demonstrate competence and intellectual curiosity. Stay informed of current economic developments, local regulations, risk, processes, and controls relevant to banking.

Exercise critical and out of box thinking, analytical skills and professional judgment to influence business partners, senior business managers and peers. Help business partners to balance their business strategy with appropriate risk management controls.

Skills:

Education:

• Bachelors’ Degree preferably in accounting, finance or related field.
• Local certification (Bank Audit Practices (BKA)/ Chartered Banker) and professional audit, accounting or risk certifications (e.g. CA, CPA, CIA, ACAMS , FRMS) will be a plus.

Work experience:

• At least 10-15 years of relevant work experience, with focus on audit (internal audit or external audit with Big 4 firms). Exceptional mid-career change candidates with no audit experience will be considered.

Knowledge:

• Strong business acumen and sound knowledge of banking business process flow, internal controls, products and local regulatory requirements.
• Knowledge of two or more of the following lines of businesses will be advantageous:
  • Corporate banking, transaction services, banking operations, credit or anti-money laundering
• Intermediate analytical / automation skills (e.g. Alteryx, Python, SQL) a plus

Language:

• Fluent in English (speaking and business writing)
• Fluency in a 2nd language a plus