Demonstrates appropriate leadership and have the necessary skills to fulfill his/her responsibilities for maintaining the unit's independence and objectivity
Accountable to the Board of Directors or the Audit Committee on all matters related to the performance of its mandate as provided in the Internal Audit Charter
Submits regular reports to the Audit Committee or Board of Directors on the status of accomplishments of the Internal Audit Unit, including findings noted during the conduct of the internal audit as well as status of compliance of concerned departments/units
Ensures that the Internal Audit Function complies with sound internal auditing standards such as the Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing and other supplemental standards issued by regulatory authorities/government agencies, as well as with relevant code of ethics
Develops an audit plan based on robust risk assessment, including inputs from the Board of Directors, Audit Committee and senior management and ensure that such plan is comprehensive and adequately covers regulatory matters
Ensures the audit plan, including any revisions, are approved by the Audit Committee
Ensures that the Internal Audit Function has adequate staff with sufficient qualifications and skills necessary to accomplish its mandate
Periodically assesses and monitors the skillset of the Internal Audit Function and ensures that there is an adequate development program for staff that enable them to meet the growing technical complexity of banking operations
Create and update the Internal Audit Charter approved by the Board of Directors
Qualifications:
College Degree, preferably a graduate of finance or accounting, or any business course.
Minimum of 12-15 years of audit experience from universal banks and audit firms
Preferably with strong head office audit experience (especially for trust and treasury)
Knowledgeable in IFRS 9
High preference for candidates with Certification in Independent Validation | Audit for ICAAP (CIVA-ICAAP)
