Internal Audit Executive

The Internal Audit Executive executes risk-based internal audits across financial, operational, and compliance domains. You will test internal controls, identify control gaps, review Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) adherence, and prepare clear audit findings and recommendations for senior management and the Audit Committee.

Key Responsibilities Audit Execution & Fieldwork:

• Execute assigned audits based on the annual risk-based internal audit plan.
• Perform process walkthroughs, test internal control effectiveness, and maintain comprehensive audit work papers.
• Audit high-risk MSB operations, including over-the-counter money changing, outward/inward remittance transactions, agent networks, and electronic Know-Your-Customer (e-KYC) onboarding flows.

Regulatory & AML/CFT Compliance Review

• Evaluate compliance with the Money Services Business Act 2011, central bank policy documents on governance and risk, and local AML/CFT/CPF guidelines.
• Test Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Suspicious Transaction Report (STR) filing mechanisms.
• Check transaction limits, sequential receipt issuance, counterfeit detection operations, and record-keeping retention rules (e.g., 7-year storage windows).

Fraud Detection & Investigation

• Review fraud-prevention controls, reconcile daily branch/agent accounts, and assist in special investigations or surprise audits as directed by management.

Reporting & Follow-up

• Draft concise, objective audit reports highlighting risk exposures, control deficiencies, and practical recommendations.
• Track and follow up on the implementation of remediation plans and corrective actions by process owners.

Collaboration & Continuous Improvement

• Coordinate with external auditors and regulatory examiners during statutory or compliance reviews.
• Utilize data analytics tools to sample and scrutinize large volumes of remittance and currency transaction datasets.

Requirements & Qualifications

• Education: Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field.
• Experience: 2 to 3 years of hands-on experience in internal or external auditing, ideally within financial services, banking, or fintech/MSB environments.
• Technical Knowledge:
• Understanding of internal audit standards (e.g., IIA / Global Internal Audit Standards).
• Familiarity with MSB operational risks, IT general controls, and data analytics software (Excel, Power BI, or specialized audit tools).
• Willingness to learn and being proactive in completing any given project or job.
• Soft Skills: Strong analytical thinking, high attention to detail, objective judgment, and clear written/verbal communication skills.