Major Responsibilities - Guide the subordinates in devising an annual internal audit strategy for the SME Bank, determine the priority of audits and assign staff accordingly to support achievement of the Bank’s mission and vision in an efficient manner.
- Plan, implement and evaluate short and long-term objectives of Internal Audit function, discuss with the subordinates regarding the strategies to be adopted in conducting the audit and resources required for completion of the assignments in a timely manner.
- Prepare annual plan for the Internal Audit function envisaging the strategy in consultation with In charges of Internal Auditor and IS Audit functions and submit the same to the Board Audit Committee for review and approval.
- Review the report prepared by the subordinates highlighting procedural / systems shortcomings and their observations made during the audit of the respective functions of the Bank at Head Office as well as at branches, discuss these findings Board Audit Committee or BOD, CEO and coordinate with respective functional heads / branch managers in initiating necessary action for their rectification.
- Carry out redundancy analyses and assess idle capacity variances by reviewing functioning of divisions, departments of the Bank to analyse if they are achieving their respective divisional or departmental missions, which serve as the reasons for their existence, and visions entrusted to them.
- Perform as an active member of the Board Audit Committee; answer any queries of divisions, departments relating to internal control or procedural requirements, analyse such situations, generate options and provide workable solutions to the issues and problems; keep the Board Audit Committee informed about such developments.
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Qualification:
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Experience:
- At least three years work experience of similar position preferably with a commercial bank/financial institution.
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