Job Description

Description

Primary Objective:

• To provide leadership in management of investigations on fraud, defalcation and operation lapses within the Group.
• To formulate and implement investigation strategies including processes and procedures for execution of the investigation.
• To provide effective oversight of RHB Insurance Audit, and to provide guidance and direction in achieving the approved audit plan of the said Functional Area.
• Assist the BAC in discharging its duties and responsibilities by independently reviewing the adequacy and integrity of the system of internal controls.

Key Responsibilities:

Group Investigations

• Plan, lead and direct investigations on fraud, defalcation, operational lapses and cases reported under Group Whistle Blower Policy.
• Keep abreast, benchmark and take cognizance of the current fraud trend and modus operandi affecting the operations of the Group and the industry.
• Manage customer expectation.
• Ensure timely completion of investigation and its reporting.
• Attend and present investigation/audit reports to the Management Audit Committee and Board Audit Committee.
• Develop an effective team of competent and qualified staff with relevant knowledge and technical skill-sets.
• Ascertain the root causes and systemic issues of the incidents under investigation. Identify internal control weaknesses and recommend relevant enhancement.
• Maintain strong relationships with all business and support units to influence appropriate change in the control environment.
• Ensure adequate and prompt actions are taken to recover or mitigate losses.
• Ensure parties responsible in the fraud, defalcation and operation lapses are identified and appropriate disciplinary actions are recommended against them.
• Attend civil, criminal and industrial court and domestic disciplinary inquiries as witness for cases investigated and work closely with the police and enforcement authorities to facilitate prompt resolution of the cases reported.
• Ensure adequate and effective auditing of RHB Insurance so as to provide an independent and objective assurance to add value, safeguard the company\xe2\x80\x99s asset and improve the overall operations of the Group.
• Liaise with BNM, relevant regulatory bodies and external auditor on audit/ investigation findings.

RHB Insurance Audit

• Review the integrity, adequacy and effectiveness of the internal control systems for management of operational risk, and the end to end processes of the key operation segments/products.
• Assist the Board Audit Committee and the Audit Function in the development of proper policies and guidelines for all aspects of internal audit function.
• Define better audits proposition to stakeholders by developing a strategic audit plan that guides the development of the Group\xe2\x80\x99s internal audit function.
• Develop and direct the timely execution of comprehensive annual audit plan in compliance with regulatory guidelines
• Review the adequacy of the audit scopes, resources/competencies and processes.
• Perform objective assessment of the operational management practices, framework and structure to ensure robustness and effectiveness of the operating systems processes in meeting the Group\xe2\x80\x99s business objectives and strategies
• Evaluate the inherent/residual risk and quality of internal controls embedded in the operational policies/processes/ products and recommend the key controls required
• Highlight internal control weaknesses, risk/impact assessments, inefficiencies and non-compliances with statutory laws, regulations, standards and guidelines
• Ensure the adequacy of actions taken by auditees to correct identified deficiencies, irregularities and non-compliance and monitor follow up action.
• Provide guidance, direction and technical advice to subordinates, share information and facilitate problem solving.

Requirements

Requirements:
Bachelor Degree - Finance, Accounting, Banking or Economics.

- ACCA, CPA, CIMA, ISCA, CIA and CFE

At least 10 years\xe2\x80\x99 experience in investigations preferably in corporate, finance and/or law enforcement.

• Leadership
• Analytical Thinking
• Communication
• Decision Making

Benefits

Dental, Education support, Miscellaneous allowance, Medical, Loans, Sports (e.g. Gym), Parking, Vision, Regular hours, Mondays - Fridays, Casual Business Wear, Performance Based Rewards

RHB Bank