HSBC Holdings plc is a British multinational banking and financial services company headquartered in London. It’s the world's second largest bank. Internal audit functions across the globe, including at HSBC Holdings, must now not only evaluate and improve upon the effectiveness of risk management, control and governance processes, but also respond to enhanced expectations from stakeholders.
In this profile, Manveen Pam Kaur, Head of Internal Audit, focuses on the growing pressure internal audit functions experience. Internal audit still has to be very good at what’s traditionally been required of the function - being a third line of defense. But now it must also support the sustainability of the franchise from a long-term perspective.