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Description:

Job Purpose

The purpose of the role is to perform objective, independent, and reliable assessments on the effectiveness of the Bank’s risk management activities, its compliance with applicable regulations, and its internal control-environment.  Planning, scheduling, coordinating, reviewing and reporting in line with professional auditing standards and bank audit requirements. Develop formal written reports to communicate audit results to management and regulatory agencies, if applicable, and makes recommendations as appropriate. Ensuring accuracy and regulatory compliance within a bank, including verifying records, identifying discrepancies, and supporting the preparation of audit reports.

Summary of Key Responsibilities:

• Participating in identifying and evaluating the bank's risks and contributing to the development of the Annual Audit Plan.
• Review and develop audit programs and testing procedures relevant to risk, compliance and audit objectives for audits allocated.
• Assess and evaluate key processes as identified in the risk assessment during assignment planning.
• Identify internal controls issues for key risk processes during planning to adequately test controls and processes.
• Performing financial, compliance, operational, and IT audits, including reviewing business processes, functions, and application controls. This involves identifying issues, developing criteria, analyzing evidence, and documenting processes and procedures.
• Plan and conduct risk-based & compliance audits in line with the work plan. Prepare engagement audit plans for individual assignments as per the work plan allocations.
• Perform audit procedures to verify the design and effectiveness of controls through testing and interacting with the relevant staff.
• Ensure successful completion of assigned/planned audit engagements, from start to finish, inclusive of preplanning, fieldwork and wrap up activities.
• Use audit project management tools to record and track an audit project progress.
• Prepare audit files for assignments allocated and ensure proper sign-off & filing of working papers.
• Carry out spot checks on key areas such as cash count etc.
• Assess, evaluate and advise management on how to achieve statutory/ legal compliance;
• Prepare draft audit reports of key risks identified during execution and their respective root causes.
• Discuss audit findings and recommendations with the directors and departmental heads; identify and communicate control issues noted, offering practical solutions relevant to business and related risks.
• Prepare and submit timely, quality audit reports for review.
• Assess, evaluate and advise management on how to achieve statutory/ legal compliance through specific and insightful recommendations.
• Consistently monitor progress of implementation on the agreed management action plans by way of tracking and follow- up audits and report on any gaps observed.
• Develop and maintain productive client and staff relationships.
• Conduct ad-hoc/ special investigations and reviews as requested by management or Board Audit & Risk Committee (BARC).
• Undertake any other tasks as assigned by the Internal Audit Manager from time to time.

Required Skills & Competencies

• Excellent Communication Skills
• Strong interpersonal skills
• Analytical skills
• Excellent Analytical Skills
• Team player
• Good report writing skills

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Primary Areas of Accountability: