Head of Internal Audit recruitment

Capabilities Required

Education:

• Professional accounting, auditing qualification: Chartered Accountant (FCA), ACCA or equivalent, Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA) would be an advantage.

• Hold a relevant degree from an internationally recognized university.

• Thoroughly conversant in oral and written communication in French and English.

Experience:

• A minimum of 7 years of relevant Business, Credit, Governance and Operations audit in a multinational retail/ wholesale bank or leading Big 4 audit of which at least 5 years in audit managerial capacity. Conversant with Basel-II/III requirements, IFRS and IIA standards.

• Experience in managing people and working on/ or auditing multiple areas in banking will be an added advantage.

• Experience with modern, risk-based internal audit methodologies

Key Accountabilities:

1.Perform an Entity-wide Risk Assessment, Audit Plan, Schedule and Budget for the French operations annually and the risk-based annual audit plan in coordination with and obtain approval of the Group Head of Internal Audit each year. 

2.Develop audit schedules and plan activities in a manner which will ensure optimal value-for-money coverage

3.Provide independent opinion on policies, procedures products and systems, referred to Internal Audit.

4.Evaluate the extent of compliance with established policies, procedures, control guidelines, regulations, statutes, Basel Committee and generally accepted accounting principles and banking practices in order to provide reassurance to the Group Head of Internal Audit and senior management about the quality of the bank's operating standards.

5.Review and assess the adequacy of risk management practices in each operating area to ensure that all relevant risks are adequately addressed so that the Group Head of Internal Audit and the senior management can be reassured that there will be no unpleasant surprises arising from poor risk management practices.

6.Review accuracy of financial reporting to Head Office to local and regulatory authorities (including business performance, quality of earnings and institutional benchmarks such as return on adjusted equity etc), to ensure the integrity of reports submitted to HO and thereby mitigating the risks of misstatements in published financials.

7.Consolidate audit findings and conclusions into accurate, objective and comprehensive reports so that the Group Head of Internal Audit and senior management can be appraised of the quality of operations at each unit.

8.Follow up on the status of outstanding audit issues to ensure that all unresolved exceptions are satisfactorily resolved.

9.Undertake special investigations when requested by the Group Head of Internal Audit

10.Maintain an ongoing program of updating work programs and ICQs, (as relevant), to ensure that audit practices incorporate most current methodologies.

11.Undertake a review of all Policies Procedures Manuals prior to official releases to ensure that they incorporate all institutional guidelines on controls, compliance and segregation of duties.

12.Undertake special assignments, investigations and other reviews as may be directed by Group Head of Internal Audit.

13.Provide expert audit advice and ad hoc value added services to the business/support units as may be requested by them from Internal Audit.

14.Examine the adequacy and effectiveness of internal control systems and procedures and provide recommendations to enhance its quality. Also ensure to discuss the recommendations with the respective department heads and obtain their responses and target dates of implementation.

15.Review functional areas of financial matters to determine accuracy, correctness and completeness of reports.

16.Participate with concerned officials in reviewing and assessing the reliability of MIS reports with the objective of bringing improvement in this area.

17.Identify significant business risks that exist and the critical practices necessary to mitigate those risks.

18.Responsible for the rigor of the audit plan, in terms of the balance of business and professional input, and its flexibility to cope with changing risk profiles. Ensure that audit delivery and rating comply with Group standards across all areas of responsibility.

19.Continuously recommend methodologies for developing and modifying practices to strengthen the financial control over assets and costs related programs.

20.Facilitate best practice transfer both within the business line and within the audit function.