Head of Internal Audit

Job Detail

Qualifications/Experience

Chartered Accountant or other equivalent certification
At least 5 years of experience in internal audit, external audit, or a related field, preferably in a banking or financial institution.
Strong knowledge of banking regulations: Familiarity with banking regulations, laws, and standards, including those related to risk management, internal controls, and financial reporting.
Excellent analytical and problem-solving skills: Ability to analyze complex data, identify risks, and develop effective solutions.
Strong communication and interpersonal skills: Ability to communicate effectively with stakeholders at all levels, including management, staff, and external auditors.
Ability to work independently: Self-motivated and able to work independently with minimal supervision.

Key Result Areas

Develop and implement the internal audit strategy: Align the internal audit function with the bank’s overall strategy and risk management framework.
Conduct risk-based audits: Plan and execute audits to assess the effectiveness of internal controls, risk management, and governance processes.
Evaluate internal controls: Assess the design and operating effectiveness of internal controls, including those related to financial reporting, compliance, and operational processes.
Identify and report audit findings: Document and report audit findings, recommendations, and action plans to management and the Board of Directors.
Follow-up on audit recommendations: Monitor and report on the implementation of audit recommendations and action plans.
Maintain professional relationships: Foster strong relationships with management, staff, and external auditors to ensure effective communication and collaboration.
Stay up to date with regulatory requirements: Ensure that the internal audit function is aware of and complies with relevant regulatory requirements and industry standards.

Internal Audit Risk and monitoring