Hwee Lay

Hwee Lay leads the Internal Audit Department (IAD) in the Singapore office. Her team provides assurance and advisory services across the company to ensure adequacy and effectiveness in risk management, control, and governance processes. Continuous audits and advanced data analytics projects to identify unusual or anomalous activities are also part of the team’s scope. 

While work keeps her busy, she makes sure to attend yoga or gym lessons a couple of times a week to recharge and refocus. She enjoys spending time with her family and catching up on self-improvement books and podcasts. 

What does your typical workday look like?

I always start my day with a healthy breakfast, a nice cup of coffee, and reading the news. I also enjoy listening to business news on my way to the office. 
 
My workday typically begins with reviewing emails, prioritising, and delegating tasks. The day may involve reviewing audit planning memos, issues, and reports; exploring ideas with my team to apply data analytics or AI in our work; or preparing for meetings with various stakeholders. I also spend time reflecting on the department’s vision and strategy, or working with my HR business partner to discuss people development and training. 

Lunch is usually with colleagues from other departments or my team. If my schedule allows, I make time for a yoga or gym session in the evening. I would typically have lunch with colleagues from other departments or my team. If the schedule allows, I will make time for yoga practice in the evening, otherwise I will practice for 15-20mins in the morning. 

What sparked your interest or decision to join GIC? 

It is the purpose and role in safeguarding the country’s reserves that drew me to GIC. As a Singaporean, this role is especially meaningful because I can contribute directly to my own country. During the interview, I learned that GIC is a progressive and innovative organisation, which challenged my initial perception of it being traditional and hierarchical. I am excited to be part of a team that drives change. Shortly after joining, I attended an innovation symposium, which was very refreshing and inspiring for me. 

What do you like most about working here?

The people! My team and colleagues across the organization and offices. I like the friendly, respectful, and collaborative culture and this is quite unique to GIC. Everyone here has a sense of purpose and everything we do is strongly aligned to our values.  

How would you describe the learning & development culture at GIC?

Top-notch. There is genuine interest by the organisation in growing and developing our people. Beyond opportunities within the department, GIC encourages staff to learn from other teams through mobility opportunities. The GIC School, our Learning & Development Team, ensures staff are equipped with the necessary skills and knowledge. I am impressed with the Global Foundation Programme, which is run annually for all new hires and promotes. Workshops and panel sessions organised by GIC School help new hires assimilate well into the organisation. 

What do you read to keep abreast with business/industry knowledge?  

I read The Straits Times, Financial Times, industry articles, and magazines, and listen to podcasts on various topics, including the latest developments in AI. I volunteer in different capacities at the Institute of Internal Auditors Singapore, which provides an avenue to learn about the latest developments in the profession. I also attend industry networking events in financial services. Formal and informal catch-ups with colleagues from other departments help us stay abreast of the latest developments. Given the wide scope my team covers, we divide and conquer to keep up with external developments and share insights in our team meetings. 

Looking back, what are some of your pivotal moments in your career at GIC?

When I first joined, I did not know anyone in the firm, which pushed me out of my comfort zone to build relationships with my team and stakeholders. Trust with my team was built over time, not overnight. A pivotal moment was when a team member expressed appreciation for my support—I was humbled and reminded of the impact leadership can have. More recently, stepping into the head of department role was a significant milestone that deepened my sense of purpose and responsibility. 

What is the Internal Audit Department today? Do you have any future aspirations/plans for IAD?

The Internal Audit Department today is seen as a Trusted Advisor, leading in its adoption of data analytics and artificial intelligence, with strong collaboration with business partners and sound business understanding. My aspirations for IAD are to continue to Innovate and influence with intelligence (artificial and human), Anticipate emerging risks and Deliver value for the enterprise.