About Internal Audit
Internal Audit function of the Bank operates independently under the supervision of the Audit Committee of the Board and is responsible for providing an independent view to the Board of Directors and Senior Management on the quality and efficacy of the internal controls, risk management systems, governance systems and processes in place on an on-going basis. This is provided to primarily ensure that the business and support functions are in compliance with both internal and regulatory guidelines.
About the Role
The Head â€' ACL will lead strategic initiatives to modernize and optimize the Internal Audit function. This role focuses on reviewing existing audit policies, processes and technology, driving efficiency through transformation, implementing automation solutions while ensuring strict adherence to regulatory guidelines. The position requires a seasoned leader with robust industry expertise (in audit methodologies, processes including technology-driven solutions), with hands-on project management experience, and demonstrated ability to drive transformation work while navigating the change / challenges.
Key Responsibilities
Process Review & Optimization
Assess current internal audit processes and identify gaps, redundancies, and improvement opportunities.
Redesign workflows to enhance efficiency, accuracy, and timeliness of audit activities.
Transformation & Automation
Develop and implement a roadmap for audit process transformation aligned with organizational goals.
Introduce automation tools and digital solutions to streamline audit operations and increase productivity.
Drive adoption of advanced analytics and data-driven auditing techniques.
Project Governance and Management
Establish SMART goals (Specific, Measurable, Achievable, Relevant and Time-based) and action plans to achieve them
Closely monitor and track progress against project goals
Report out to Audit / Bank senior management and ACB on a periodic basis
Regulatory Compliance & Governance
Ensure all audit processes comply with applicable regulatory guidelines and internal policies.
Establish robust controls and monitoring mechanisms to maintain compliance standards.
Liaise with regulators and internal stakeholders to address compliance requirements effectively.
Stakeholder Management & Leadership
Collaborate with senior leadership to align audit transformation initiatives with business objectives.
Lead and mentor a team of audit professionals to foster a culture of innovation and continuous improvement.
Qualifications
- Chartered Accountant / Certified Internal Auditor / equivalent professional qualification.
- 15+ years of experience in Internal Audit, with at least 5 years in a leadership role.
- Proven track record in process transformation and automation within audit or risk functions.
- Strong understanding of regulatory frameworks governing banking operations.
- Expertise in audit tools, data analytics, and emerging technologies.
Key Skills
Strategic thinking and change management.
Strong leadership and stakeholder engagement.
Knowledge of audit methodologies and risk-based auditing.
Proficiency in automation tools and digital platforms.
Excellent communication and presentation skills.