Unleashing the Power Within: An Exclusive Interview with Lina Tchung on Driving Macquarie’s Internal Audit Growth

In internal audit departments, driving growth and maintaining high standards is critical for organizational success. During an exclusive interview with Lina Tchung, the Head of Internal Audit at Macquarie Group, we uncovered valuable insights into the strategies and initiatives that have contributed to the outstanding growth of Macquarie’s Internal Audit department. Tchung shared her thoughts on talent development programs, the role of technology in internal audit, and more.

Fueling Growth through Talent Development Programs

One of the key ingredients for driving growth in any organization is investing in talent development. Macquarie Group recognizes the importance of nurturing and retaining top talent, and their Internal Audit department is no exception. Tchung emphasized the significance of providing learning and growth opportunities to her team members.

“Investing in our people is a priority at Macquarie. We believe that by fostering a culture of continuous learning and development, we can cultivate high-performing professionals who are equipped to tackle any challenges that come their way,” Tchung explained.

Macquarie’s Internal Audit department offers a wide range of training programs and workshops that focus on topics such as risk management, data analytics, and regulatory compliance. These programs empower auditors to develop new skills and expand their knowledge base, ultimately contributing to enhanced performance and organizational growth.

Revolutionizing Internal Audit Practices through Technology

The rapid advancement of technology has transformed traditional practices across various industries, including internal audit. Tchung highlighted the importance of embracing technology-driven solutions to enhance the efficiency and effectiveness of auditors’ work.

“At Macquarie, we recognize that embracing technology is crucial for staying ahead in the internal audit landscape. We have leveraged data analytics tools, robotic process automation, and artificial intelligence to augment our capabilities and streamline our processes,” Tchung shared.

By adopting innovative technologies, Macquarie’s Internal Audit department has been able to automate repetitive tasks, improve data analysis, and identify potential issues more efficiently. This allows auditors to focus their time and energy on high-value activities inherently connected to providing valuable insights for business growth.

Enhancing Collaboration between Internal Audit and Business Units

For internal audit departments to effectively contribute to an organization’s growth, collaboration and effective communication with other business units are crucial. Tchung emphasized the importance of building strong relationships with key stakeholders across Macquarie to ensure a holistic approach to internal auditing.

“We actively engage in cross-functional collaborations and maintain open lines of communication with business leaders across the organization. By doing so, we gain deeper insights into the operations and identify opportunities for driving improvement and growth,” said Tchung.

Fostering collaboration helps internal audits function as a strategic partner within the organization. This enables them to identify risks, devise mitigation strategies, and provide recommendations aimed at enhancing operational efficiency and fueling long-term growth.

Macquarie’s impressive growth in its Internal Audit department can be attributed to a combination of factors, including talent development programs, leveraging technology, and fostering collaboration. By remaining committed to these strategies, Macquarie has set a benchmark for other organizations seeking to unleash the power within their internal audit functions and drive unprecedented growth.

Conclusion

As demonstrated by Lina Tchung’s insights in this exclusive interview, fueling growth in Macquarie’s Internal Audit department requires a comprehensive approach. By investing in talent development programs, incorporating technology-driven solutions, and fostering collaboration between auditors and business units, Macquarie has successfully positioned itself at the forefront of internal audit practices.