Independent And Efficient Assessments Of Your Internal Control Environment For Your Financial Institution

Meet Your Regulatory Compliance Requirements

Perform an annual internal control assessment as per MAS regulatory or licensing requirements. Be prepared for MAS audits.

Manage The Operational Risks Of Your Business

Benchmark your operational process and control set-up against industry peers and global best practices. Ensure robust processes that comply with MAS regulatory requirements.

Get The Necessary Independent Assurances Through Regular Internal Audits

Provide assurance to your Board and key stakeholders on the design and operating effectiveness of your firm’s policies, procedures and controls.

Independent assurance lead by Certified Public Accountant and conducted by Certified Internal Auditor

We apply a risk-based approach in our internal audits.
Ingenia facilitates proportionate control management by assessing your controls over a wide scope of activities that you select. Depending on your needs, we will advise you on the scopes that will meet your objectives.

Our Work Scope Can Cover An Assessment Of Controls Over The Following Business Activities:

Customer Facing Activities

 

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

 

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

Investment Activities

 

  • Research
  • Portfolio construction
  • Investment mandates monitoring
  • Performance review
  • Liquidity management

 

  • Best execution
  • Broker evaluation

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

Business Support Activities

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

  • Hiring
  • Staff appraisal
  • Fit and proper
  • Staff training

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

  • Assessment
  • Monitoring
  • Reviews

Governance & Risk Management

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

  • Risk monitoring and mitigating activities
  • Risk reporting
  • Enterprise-wide risk assessment

  • Compliance monitoring
  • Compliance reporting
  • Regulatory updates

  • Contract review
Get the comprehensive assurances your financial business needs within 8 weeks with our internal audit services.
Meet Our Head of Internal Audit

Victor Chan, Director

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

REACH OUT TO VICTOR