Hasnain Tanweer Associates Logo

Head of Internal Audit

Industry: Banking

Sector: Financial

Location: ,

Qualification: CA, ACCA

Experience: 8 to 10 years

Head of Internal Audit job is available in Karachi for one of the Micro-Finance Bank. Candidates having CA or ACCA along with 8 to 10 years years of Internal Audit experience with at least 3 plus years experience as Head of Internal Audit in the financial sector or professional accounting firm will be a plus for the job role.

Head of Internal Audit job role is responsible for developed and execute a comprehensive risk-based audit plan which is responsive to the operational, financial and control risks within the Bank and meets the expectations of the Audit Committee.

 

Job Responsibilities:  

  • Develop and execute a comprehensive risk-based audit plan which is responsive to the operational, financial and control risks within the Bank and meet the expectations of Audit Committee.
  • Prepare audit strategy to optimize audit coverage.
  • Organize, direct and control Internal Audit department and assign audits to team members ensuring effective and efficient use of resources.
  • Work in partnership with Bank’s executives to design and implement cost-effective procedures to ensure that internal controls are effective and to eliminate redundant or inefficient procedures where necessary.
  • Identify areas where policies and procedures are required and ensure that these are designed suitably to ensure standardization of practices in all core operations.
  • Carry out systematic analysis of business processes and associated controls.
  • Evaluate information security and associated risk exposures.
  • Report governance, risk management and internal control issues to the Audit Committee.
  • Monitor implementation of remedial actions to be taken by Management to correct conditions reported in audit findings and report progress to the Audit Committee.
  • Perform ad hoc reviews of other areas of concerns including unacceptable levels of risk.
  • Review operational and financial performance in terms of efficiency and effectiveness and provide recommendations on improvements.
  • Liaise with external auditors for annual financial statements and coordinate scope and coverage.
  • Ensure that system of internal controls are effective in timely prevention and detection of fraudulent activities. Undertake special investigation as per the directives of Audit Committee/CEO.

 

 

Skills:

  • Knowledge of Generally Accepted Auditing Standards
  • Knowledge of Accounting and Finance Principles and Practices
  • Knowledge of a variety of reporting procedures, regulations and law
  • Planning and Time Management
  • Effective Communication and Human Relations skills
  • Critical Thinking and Analysis

 

Apply now at fahad@hasnain.biz

Kindly mention the job title Head of Internal Audit in the email.

Last date to apply for the job is 20th December, 2020

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