In this episode of The Three Lines of Defence Podcast, I’m interviewing Phil Pakes who is the Chief Audit Executive at AMP. Phil has an extensive career in internal audit and that’s what we’re going to talk about today. He will give us a glimpse on how he came to work as an auditor, his experience as a leader and mentor and his life after the banking role commission.Phil holds an extensive pedigree in audit, holding several key leadership positions in big companies such as Managing Director and Chief Auditor at Citi Private Bank and Country Head of North Asia (excluding Japan) Group Audit at Deutsche Bank.In this episode:Phil’s childhood and where he grew upThe reason he decided to pursue a career in banking and financial services - specifically in internal auditWhy Phil continued to work in audit and eventually in internal auditA mentor that has helped develop his leadership styleA significant turning point in his careerA key challenge Phil went through and how he overcame itKey attributes of an effective leaderThe impact of the evolution of audit on the type of people he hiresHow the robotics component ties into auditPhil’s insight on life post-banking royal commissionImpacts on the future of auditHow much the expansion in audit is driven by regulatorsPhil’s talks about his other passions.Links:● AMP Website● AMP Facebook● AMP Twitter● AMP YouTube● Phil Pakes LinkedIn