About the role

AI summarised

The AVP, Professional Practices and Governance, Group Audit is responsible for maintaining and enhancing the audit methodology, quality assurance, and governance framework within the internal audit function of a bank. This role involves developing audit policies, conducting quality reviews, and ensuring compliance with regulatory standards and industry best practices.

BusinessFull-timeGeneral

Key Responsibilities

Develop, implement, and maintain the Group Audit methodology, policies, and procedures to ensure alignment with regulatory requirements and industry standards.
Conduct periodic quality assurance reviews of audit engagements to assess compliance with the audit methodology and identify areas for improvement.
Provide guidance and training to audit teams on audit methodology, tools, and techniques to enhance audit quality and effectiveness.
Monitor and report on key audit metrics, including audit plan completion, issue tracking, and remediation progress.
Coordinate with external auditors, regulators, and other assurance providers to ensure consistent and efficient coverage.
Lead or participate in initiatives to enhance audit processes, including the adoption of data analytics and automation tools.
Prepare and present audit committee and management reports on audit quality, methodology, and governance matters.
Stay abreast of emerging risks, regulatory changes, and industry trends to proactively update audit practices.

Requirements

Bachelor's degree in Accounting, Finance, Business, or a related field.
Professional certification such as CIA, CPA, or CISA is required.
Minimum 10 years of experience in internal audit, with at least 5 years in a managerial role within the banking or financial services industry.
Strong knowledge of audit methodology, risk management, and internal control frameworks.
In-depth understanding of regulatory requirements and expectations for internal audit functions in banks.
Excellent analytical, problem-solving, and decision-making skills.
Strong written and verbal communication skills, with the ability to present complex issues to senior management and audit committees.
Proven ability to manage multiple priorities and work effectively in a fast-paced environment.
Experience in data analytics and audit automation tools is preferred.
Ability to build and maintain effective relationships with stakeholders across the organization.