About NETS
The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain.
The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 130,000 acceptance points in the country as well as online payments.
Overall Function
Group Audit is an independent function within NETS Group that provides an objective assurance and risk advisory role. The primary purpose of the role is to provide an independent and objective audit service to NETS Group based on a systematic risk-based approach to ensure key risks in the organization are identified, recommended controls / action plans discussed, agreed and reported to senior management in a timely manner.
Group Audit reports directly to the NETS Group Board on all audit related matters. The Board is assisted by the Audit and Risk Management Committee (ARMC) in fulfilling its oversight responsibilities for the financial reporting, internal control, risk management system, compliance framework and the audit process.
Key Responsibilities
- The Audit Manager conducts and where required supervises the audit to ensure NETS meets its financial, operational and compliance objectives from planning to report finalization and participates in issue follow-up
- Works closely with the Data Analytics team and business units in the implementation of continuous auditing/monitoring
Audit Planning
- In Audit Lead capacity, sets the overall audit objective, scope and approach. Prepare and draft the audit planning memorandum
- Establish audit work programs to effectively evaluate business and operational processes, based on best practices and regulatory requirements
- Participate in business process analysis, assessment of risks and evaluation of control design
- Identify possible areas feasible for the use of data analytic tools for more complete testing
Audit Fieldwork
- Lead and ensure adequate supervision over the execution of audit fieldwork to ensure proper evaluation of the design and effectiveness of the key controls and assessment of residual risk
- Monitor the audit progress and perform review on the work performed by team members
- Guide and coach junior team members
- Ensure stakeholders are kept informed of the audit progress and issues arising
Audit Reporting
- Discuss, agree and ensure factual accuracy of audit issues with relevant management
- Provide practical recommendations (based on industry best practices, regulatory requirements) on mitigating actions on the identified risks
- Responsible for accurate, quality and timely reporting
- Prepare and draft final audit report
Audit Issue Follow-up
- Ensures audit issue follow-up is adequately and timely performed and documented
Requirements
- Degree in Accountancy, Finance, Business or equivalent, preferably with CIA and CAMS qualification
- Minimum 6 years of external/internal audit experience, preferably with AML expertise
- Sound knowledge of internal control concepts and auditing techniques
- High level of integrity, drive and sense of urgency
- Ability to work independently and in a team environment with strong interpersonal and collaboration skills
- Excellent verbal and written communication skills with the ability to lead meetings
- Strong analytical and report writing skills
- Experience in the use of data analytics tools for audit review such as IDEA, ACL and data visualization tools e.g. Tableau
- IT Audit experience with understanding of application controls will be an added advantage
