AFC Audit Methodology and Subject Matter Expertise

• Implement the roll-out of the approved AFC audit programme, for all AFC audits performed.
• Participate on the review and evaluation of the parameters set in the AFC audit risk assessment methodology to ensure the robustness of the annual AFC audit planning process.
• Update and maintain the database of all AFC-related audit issues raised by GIA to identify high risk areas or areas which are prone to have control lapses, to enable GIA to provide value-added service to and assist Senior Management to come up with sustainable remediation actions to address the lapses and to prevent recurrence.
• Participate in engagements with internal and external stakeholders and/or Group AML regularly to collaborate and keep abreast with changes made to the business activities / processes and/or Group AFC's framework/policies or regulatory changes in AFC areas in other geographies where RHB has presence.
• Participate in adhoc audits or validation activities on AFC-related areas, as and when requested by Management, Board Audit Committee or regulators.

AML/CFT Audit Engagement, Monitoring and Reporting

• Participate in AFC-specific audits to ensure the audit objectives are met and audit is completed within the timeline, manpower resources and cost allocated.
• Participate in audit discussions with the AFC risk owners and control owners on issues raised, including identifying the root causes for the lapses and provide sound recommendation to remediate the lapses and address the root causes to prevent recurrence.
• Provide input and/or recommendation to business management during the course of the AFC audits to put in place new or strengthen existing AFC controls to mitigate AFC risks.
• Initiate issue tracking / follow up mechanism and validation of completed remedial actions for all AFC-related issues to ensure the lapses highlighted are fully remediated.
• Implement robust mechanism to track, monitor and report AFC-related issues raised in the respective governance forums and/or to regulators.

Consultation, Advisory and Administration

• Ensure completion of audit documentation in the Audit Management System (AMS).
• Review and provide advice / comment / feedback on proposal papers for new or revised framework, policies, guidelines, manuals, etc.
• Carry out any adhoc / administrative tasks as assigned by Head / Lead.