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VP AUDIT

Job Description and Requirements

VP AUDIT

To effectively lead and manage the Internal Audit Function to ensure it adds value to the Bank.
Description

  • Recommend revisions to the Ban auditing policies and risk management procedures
  • Update the Internal Audit Charter and protocols to reflect any changes to the audit approach due to bank strategy or external professional developments.
  • Prepare a comprehensive Risk Based Audit Plan, annually, covering all the functions and activities of the Bank, prioritizing the audit assignments based on risk assessment.
  • Ensure that Audit approach responds dynamically to developments in the Ban Risk profile and strategy and to emerging risks.
  • Deliver audit Plan as approved by BARC.
  • Prepare internal audit Client plan, annually, including internal audit knowledge, skills, and competencies required.
  • Perform half yearly and annual performance appraisal of entire staff and identify development and training needs.
  • Ensure that internal auditors are properly managed, and perform audit/investigatory work properly as per plan.
  • Approve final audit report(s) to be submitted to the Line for taking corrective action, if any. Communicate results to Executive Management and BARC.
  • Review of user related procedures/policies for improvement.
  • Provide input to finance dept. to coordination of internal & external audit efforts.
  • Assurance provided over compliance to rules, regulations, instructions and laws issued by competent authorities.
  • Maintain an up-to-date awareness of the latest techniques and professional audit standards locally.
  • Communicate expertise and provide advice on governance and risk management functions and, internal controls.
  • University graduate / FCA / FCPA /FCCA (Or other International Recognized accounting and auditing qualification).
  • Minimum 12 Years auditing experience including 5 years in a managerial position in banking Internal Audit.
  • Extensive knowledge and experience in all banking operations