Vacancy: Head of Internal Audit Branch

Job Description

• Start date: Immediate Expiry date for


• applications: 12th July 2022 (Close of business)


• Working hours: Daily 8h00 till 17h00 or as required to fulfill one’s responsibilities.

• examining and evaluating the effectiveness and adequacy of the internal control systems.


• performing review of the effectiveness and application of risk assessment methodologies and risk management procedures.


• reviewing financial and management information systems, including the electronic banking services and electronic information system.


• reviewing financial reports and accounting records for accuracy and reliability.


• performing review of means, techniques, or methods of safeguarding assets.


• performing evaluation of the economy and operational efficiency.


• performing tests on both the functioning of specific internal control procedures and transactions


• performing reviews on established systems for ensuring codes of conduct, compliance with regulatory and legal requirements, and the implementation of procedures and policies.


• performing special investigations; and carrying out tests on the timeliness and reliability of the regulatory reporting.


• developing risk based annual internal audit plan for the organisation. The plan has to be approved by the Board of Directors.


• ensuring risk-based audit based on the assessed risks & system-based audit based on control weaknesses in the organisation.


• planning and conducting audits to assess controls, operational and technical efficiencies and compliance with selected policies, procedures and regulations.


• assisting the CEO in objectively assessing the adequacy of governance systems and management of existing risks, comment on responses to emerging risks and propose new developments.


• continuous revision of existing reporting system, reporting timeline and reporting formats to ensure effective communication of internal audit observations to management of the organisation.


• reviewing different respective institutional policies to make a judgment on a wide range of controls including those relating to achieving value for money and the prevention and detection of fraud and irregularities.


• preparing quarterly audit reports to the Board Audit Committee.


• performing routine audits of all institutional processes and procedures to ensure full compliance.


• analyzing existing controls and recommending controls in specific organization systems, to provide assurance of operational and technical efficiency at the organization level.


• identifying instances of over and under control and provide management with a clear articulation of residual risks where existing controls are inadequate.


• following the safeguarding reporting procedure in case any reportable incident takes place, encourage others to do so.


• keeping abreast with legislative issues, new audit regulations/trends and appropriate audit direction/methodology.


• Responsible to ensure team members are appropriately trained, supported and have access to resources regarding issues that are identified and actioned in accordance with the safeguarding policy and procedure.


• any other task assigned by the Supervisor or the board of directors.

Required Skills or Experience

• Bachelors’ degree in Finance or Accounting, MBA is an added advantage.


• Chartered Accountant or Certified Internal Auditor and Certified Information Systems Auditor is preferred.


• At least five (5) years’ experience in Internal Audit along with Finance, Assurance, Compliance, Risk Management Services and Information Systems Audit in the same role in a financial institution.

• Strong understanding of IIA standards, income tax, value added tax, ability to design financial and internal control systems along with providing compliance and risk management services in an organization. Also can establish budgeting and financial management systems and designing of ERP for an organization.


• Financial control, Internal audit, risk management, business process evaluation, Budgeting, IT control, communication and interpersonal skills, excellent presentation skills and goal oriented etc.


• Strong analytical ability, problem solving, people management, leadership driven etc.


• High leadership and people management skills;


• Excellent analytical thinking and detailed-oriented skills;


• Hard working and driven;


• Excellent communication skills;


• Excellent knowledge of accounting and tax principles;


• Positive attitude;


• Excellent management skills;


• Accurate and fast worker;


• Good interpersonal skills;


• Neat and organized person.