Internal Audit

Independent and efficient assessments of your internal control environment.

Meet your Regulatory Compliance Requirements

Perform annual internal control assessment as per regulatory or licensing requirements.

Manage the Operational Risks of your Business

Benchmark your operational process and control set up with industry peers and global best practice. Provide yourself with the most effective and practical solutions with the support of robust processes to further enhance your firm’s operational capabilities and efficiencies.

Get the Necessary Independent Assurances through Regular Internal Audits

Provide assurance to your Board and key stakeholders on the design and operating effectiveness of the firm’s policies and procedures and oversight by senior management.

Our Approach and Methodology

Ingenia’s internal audit covers your business comprehensively. 

Customer Facing Activities

Sales & Marketing and Customer Relationship Management

Advertisement of services and products
Sales / Introducer management
Customer meetings
Customer reporting
Product suitability

Customer Acceptance & Ongoing Monitoring

Customer accreditation
AML/CFT due diligence, monitoring and reviews
FATCA & CRS classification
Customer suitability

Investment activities

Portfolio Management

Research
Portfolio construction
Investment mandates monitoring
Performance review
Liquidity management

Trading

Best execution
Broker evaluation

Operations

Investor’s subscription / redemption
Trade settlement
Corporate action
Position reconciliation
Cash management
Independent custody of customer’s assets
NAV verification

Business support activities

Finance

Annual / Quarterly MAS filing
Capital requirements
Fee calculation
Payroll & expenses

Human Resources

Hiring
Fit and proper
Staff training
Staff appraisal

Information Technology and Business Continuity Management

Data retention
User access controls
Back-up
Business continuity plan and testing

Outsourcing

Assessment
Monitoring
Reviews

Governance & Risk Management

Governance

Board oversight
Policies / Procedures
Roles and responsibilities, incl. segregation
Code of conduct
Conflict of interest
Corporate secretarial activities

Risk Monitoring

Risk monitoring and mitigating activities
Risk reporting
Enterprise wide risk assessment

Compliance Monitoring

Compliance monitoring
Compliance reporting
Regulatory updates

Legal Support

Contracts review

Meet Our Head of Internal Audit

Victor Chan, Director for Internal Audit Services

Victor is a U.S. Certified Public Accountant . He was with a big 4 risk advisory and internal auditor of an European investment bank in Hong Kong. Victor has expertise in the financial services industry and extensive knowledge of the U.S., Hong Kong and Singapore market. Starting his career with a U.S. Investment Bank in 1999 and he possesses strong technical skills in accounting, operations, compliance, risk management as well as financial regulations. 

Get the comprehensive assurances your financial business needs within 8 weeks with our internal audit services.

Empower your business with Ingenia

Let us help you. Let’s talk.

Open chat