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Description:

Job Purpose

The Internal Audit Officer will be responsible for performing objective, independent, and reliable assessments of the effectiveness of the bank’s risk management activities, its compliance with applicable regulations, and its internal control-environment.  Execution of audit duties in the planning, scheduling, coordinating, reviewing and reporting in line with professional auditing standards and bank audit requirements. 

Summary of Key Responsibilities:

• Participating in identifying and evaluating the bank's risks and contributing to the development of the Annual Audit Plan.
• Plan and conduct risk based & compliance audits in line with the work plan. Prepare audit plans for individual assignments as per the work plan allocations. 
• Identify internal controls issues for key risk processes during planning to adequately test controls and processes. 
• Perform audit procedures to verify the implementation 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.
• 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.
• Use audit project management tools to record and track an audit project progress.
• Prepare of audit files for assignments allocated and ensure proper sign-off & filing of working papers.
• Attend training and maintain knowledge of and comply with all bank policies and procedures including Anti Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing laws, rules and regulations.
• Participate or undertake Anti Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing bank programs on a regular basis e.g. taking attestations, self-assessment tests, filling in compliance questionnaires as required
• Report suspected money laundering cases to their respective heads of units or to the Money Laundering Reporting Officer as soon as such incidents occur immediately with a clear basis of suspicion   
• 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
• 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.
• Undertake any other tasks as assigned by the Internal Audit Manager from time to time.

Required Skills & Competencies

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

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Primary Areas of Accountability: