Lye Wen Lee

• Developed the Compliance Risk Assessment process and monitoring framework.
• Assist in the development and maintenance of compliance testing and assurance framework and conduct testing in accordance to such framework to identify control and executional weaknesses.
• Conduct regional compliance testing across various functions to provide reasonable assurance on adequacy of process and controls in complying with regulatory requirements and managing compliance risk (investment suitability, insider trading, cross border, best execution, product due diligence, cross trade)
• Prepared compliance reports for management and stakeholders.
• Strengthened internal controls by reviewing existing policies and procedures, ensuring compliance with regulatory requirements.

• Assisted in the maintenance of compliance testing and assurance framework, and conduct testing accordingly to the framework to identify control or executional weaknesses.
• Perform monitoring and testing on Private Banking key processes, such as sales process, customer suitability assessment, fair dealing, trade execution and dealing processes, identify any mis-selling, mis-conduct and deviation from best execution practises.
• Strengthened internal controls by reviewing existing policies and procedures, ensuring compliance with regulatory requirements.
• Prepared compliance reporting to senior management and stakeholders.

• Monitored completion of remediation tasks identified in the 2014 MAS AML/CFT Inspection Report.
• Performed monthly and quarterly consolidation of the outstanding audit issues and report to Management and MAS.
• Performed client investment suitability, AML and cross border travel audits.

• Perform quarterly business monitoring for the APAC audit universe from discussion with stakeholders, review of various metrics (operational loss,AML, complaints), regulatory and compliance findings.
• Apply Data Analytics(DA) in audit and work closely with DA team on DA initiatives.
• Execute audits in accordance with IA methodology.
• Performed comprehensive audits to ensure processes and controls met regulatory standards.
• Carried out comprehensive audits for (1)New York division of Global Private Banking, (2) APAC Private Banking Singapore, Hong Kong, India Front Office.
• Carried out HKMA request to review Private Banking HK Front Office over (1) Deposit Protection Scheme(positive and negative disclosure for the protected and non-protected deposit account ,(2) prudential measures on non- residential property mortgages and (3)accumulator and deccumulator concentration risk monitoring under HKMA regulations.
• Follow up on issues arising from audit and regulator

Group Audit(2006-2008)

• Lead auditor for Consumer Financial Services (premier banking, secured banking and wealth management).

•Co-ordinated/ Scheduled and Lead teams on multiple audit activities at any one time.

•Report audit findings to management and follow-up on implementation of audit recommendations.

Business

Banking Customers Service Centre(BBCSC)

(Requested to join BBCSC as they failed audit)

•Worked and coordinated with auditor and follow-up of audit issues with other business units.

•Ensured team members delivered within timeline and reporting findings to management.

•Motivate ,guide and direct staff in their work and sharing knowledge with them.

Was promoted to senior AVP in July 2010, having passed the audit and had overall strengthened the department’s risk and control awareness.

•Performed audit checks on branches and service outlets (Ezycash, pawnshop and insurance).

• Planned yearly audit assignment for Audit Committee approval.

• Reviewed existing operational procedures and reporting to Audit Committee on control weakness identified.

•Performed credit analysis of prospective and annual review of Factoring clients.

•Evaluated risk and control of Construction Loan, Factoring, Hire Purchase.

Support team lead in ensuring timely completion of audit tasks.