Primary Objective:

1. Strengthened the Anti Financial Crime (AFC) team within Group Internal Audit (GIA).
2. Train and upskill the other teams within GIA on AFC knowledge and strengthen their AFC audit capabilities.

Over the next 1-2 years, the GIA AFC team will spearhead an independent assessment and provide independent assurance of the design and operating effectiveness of RHB Banking Group’s ongoing AML/CFT capabilities enhancement to ensure soundness and adequacy of AML governance, AML risk management, and AML internal control systems.

Key Responsibilities:

• Independently build/assist in building AFC audit team within GIA from the ground up
• Be the AML/CFT Subject Matter Expertise (SME) in GIA by providing consultancy and support to other teams within GIA
• Train/upskill the knowledge of other teams in GIA by focusing on key and emerging AFC risk areas
• Own/build AML audit programme and/or coordinate and collaborate with other teams within GIA on AML-related audit scope and approach in accordance with the AML audit risk assessment methodology
• Own/build good relationships and mutual trust with all colleagues within GIA and stakeholders involved in AFC controls
• Create/assist in creating Group AFC audit framework, risk assessment methodology, and sampling criteria, and prepare Group AFC annual audit plan for all RHB entities (including Islamic Bank, Investment Bank, Insurance, Asset Management and overseas operations)
• For the next ~2 years, actively support a Group-wide AML/CFT capabilities uplift programme covering all RHB entities (including Islamic Bank, Investment Bank, Insurance, Asset Management and overseas operations)
• Lead/execute the evaluation of the operating effectiveness of implemented AFC controls and document this understanding in the GIA audit toolkit
• Coordinate/facilitate participation and ensure preparedness of key audit stakeholders across AFC controls before, during, and after engagements
• Lead/participate in audit discussion with respective AFC control owners to discuss audit issues, root causes and action plan
• Ensure accuracy and clarity of documentation and written responses provided to regulators
• Review and provide recommendations on adequacy and effectiveness action plans developed by stakeholders
• Manage, track, and ensure closure of outstanding audit issues consistent with GIA audit standards and procedures
• Lead/assist with status reporting of examination/testing and audit engagements and advise on issues identified or actions required