Ricky Hsu
Internal Audit
Overview
26
26
years of professional experience
2
2
years of post-secondary education
8
8
Certifications
Work History
Retail Wholesale Banking & Support Functions Audit
Standard Chartered Bank
Taipei, Taiwan
03.2016 - 06.2023
- Followed through on risk and compliance processes and policies to safeguard customer assets, maintain privacy and act in best interest.
- Kept current with financial services marketplace and legal and regulatory environment to uphold highest ethical requirements of industry.
- Identified and reported suspicious patterns of activity to reduce money laundering.
- Complied with regulatory, legal and ethical requirements to protect bank assets.
- Supported the Country Head of Audit (CHoA)/ Product Head of Audit (PHoA) to ensure that the scoping of audit work assigned addresses the key risks identified in the continuously updated risk assessment and in the audit planning process to meet relevant regulatory requirements and internal expectations. (Include but not limited to the latest hot topics on treating (vulnerable) customers fairly, retail banking relationship manger conduct risk management, monitoring the climate risk of the corporate clients…etc.)
- Assisted in the development of audit risk assessment and the audit plans for the assigned portfolios.
- Assisted the CHoA/ PHoA to effectively manage costs within the allocated budget for audit engagement that assigned as team manager or team leader.
- Identified and implemented opportunities for cost saving and optimal productivity of assigned audit engagements.
- Participated as a team manager or lead in audit work and manage audit assignment depending on the skills of the individual.
- Executed audit planning, fieldwork, reporting and issue tracking in an efficient and effective manner to meet the given budget, quality standards and timelines required.
- Evaluated quantitative and qualitative data to diagnose underlying issues, patterns, and root causes.
Corporate Functions Audit
Citibank
Taipei, Taiwan
04.2014 - 02.2016
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Performed observations and evaluated supporting documents to supplement audit findings.
- Communicated with auditees to obtain necessary information for audits.
- Assessed internal control risks of network through information system audits.
- Lead all aspects of internal audit activities in assessing the design and operating effectiveness of internal controls including the validation of corrective actions, in accordance with Audit Methodology and budgetary guidelines, covering Institutional Client and Consumer Banking businesses, local operations and control functions.
- Monitored key processes and industry trends and assessed the risks in the assigned business through on-going business monitoring, internal audit assessment, escalation of thematic control deficiencies and validation of corrective action against internal audit as well as regulatory raised controls issues.
- Developed effective stakeholder relationships with Senior Management of the audited areas to ensure a strong understanding of the business.
- Prepared periodic and ad hoc reports as required for governance reporting and in response to regulatory inquiries.
- Coordination of all activities with regional program director and local country Head of Audit.
- Proactively advance integrated auditing concepts and use of technology (i.e., data retrievals, automated testing). Defined data needs for computer assisted auditing tools and techniques (CAATTs) to increase the efficiency of the audit process using retrievals (samples and exceptions).
Contractor Auditor (Project Manager)
BNP Paribas Cardif TCB Life Insurance Co., Ltd
Taipei, Taiwan
12.2012 - 02.2013
- Assisted to complete the statutory audit engagements according to the regulation required time.
Chief Auditor (Senior Manager)
Paribas Management Consultant Co., The BNP Paribas Assurance
Taipei, Taiwan
06.2012 - 11.2012
- Developed and implemented corrective actions to bring business areas in line with standards.
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Completed audit papers by thoroughly documenting audit tests and findings.
- Implemented the permanent control system organized by the head office and assist to establish the internal control management system.
- Performed the training for the company employees regarding the concepts of risks and controls. Help the country auditors to develop the audit skills.
Corporate Senior Auditor (Senior Manager)
American International Group
Taipei, Taiwan
05.2000 - 08.2011
- Conducted management-oriented assessments of subsidiaries' operations and activities.
- Assured the completion of the SOX 404 requirements and implementation.
- Conducted special investigations regarding errors or irregularities.
- Provided appraisals and recommendations that assist management in its responsibilities to implement, maintain, monitor, reassess and improve, where necessary, the cost-effective safeguards comprising management’s control system.
- Assured the reliability, integrity and timeliness of financial information and statements.
- Developed and implemented corrective actions to bring business areas in line with standards.
- Developed audit policies, guiding administrative and technical functions.
Internal Auditor
China Man-made Fiber Ltd.
Taipei, Taiwan
05.1998 - 05.2000
- Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
- Developed auditing program to address risks and evaluate regulatory requirements.
- Administered auditing program to address risks and evaluate compliance with regulatory requirements.
- Delivered cost and benefit analysis as well as ad-hoc reports for management requirements.
External Auditor
PriceWaterhouse Coopers
Taipei, Taiwan
09.1997 - 04.1998
- Performed financial audit and special audit cases such as audit for clients wanting to be listed.
- Liaised between clients and internal audit staff to address concerns with procedures, scheduling or results.
- Assessed company controls and potential risks against benchmarks.
Education
Bachelor of Science - Accounting And Finance
Ming Chuan University
Taiwan 09.1993 - 06.1995
Skills
Compliance, banking laws and regulations
Certification
Proficiency Test for Bank Internal Control & Audit
Timeline
Retail Wholesale Banking & Support Functions Audit
Standard Chartered Bank
03.2016 - 06.2023
Corporate Functions Audit
Citibank
04.2014 - 02.2016
Contractor Auditor (Project Manager)
BNP Paribas Cardif TCB Life Insurance Co., Ltd
12.2012 - 02.2013
Chief Auditor (Senior Manager)
Paribas Management Consultant Co., The BNP Paribas Assurance
06.2012 - 11.2012
Corporate Senior Auditor (Senior Manager)
American International Group
05.2000 - 08.2011
Internal Auditor
China Man-made Fiber Ltd.
05.1998 - 05.2000
External Auditor
PriceWaterhouse Coopers
09.1997 - 04.1998
Bachelor of Science - Accounting And Finance
Ming Chuan University
09.1993 - 06.1995
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