Requirements

Responsibilities

• Review, approve and issue internal audit reports in E-Audit system whilst ensuring that significant issues highlighted during the review have been adequately addressed.
• Monitor overall budgetary control of the audit circle and manage availability of Human Resource per allocated HR budgets.
• Facilitate communication with management, Audit Committee and external auditors.
• Prepare operational audit plan for obtaining approval from CIA / Division Head in E-Audit.
• Implement and monitor operational audit plan and seek approval for any deviation.
• Finalize initial risk assessment of all groups / divisions / controlling offices etc. and develop overall Annual Internal Audit Plan for approval of Audit Committee.
• Disseminate the Annual Audit Plan and operational plan to the Region Head (Audit) through E-Audit system.
• Approve the scope and budget of each assignment in consultation with the Region Head (Audit).
• Communicate with management about issues and their resolution.
• Keep audit team informed through regular update meetings or at the debriefing meeting as to the issues identified and discussions with the management.
• Ensure the audit work has been adequately reviewed and issues have been reported by the Region Head (Audit) in audit reports.
• Review results of quality assurance review of audit assignments and link them to training and development plans.
• Evaluate training needs while appraising Performance to improve HR capabilities; and
• Ensure compliance of bank’s approved policies, guidelines, manuals, procedures etc. and government laws and regulations, IIA standards etc. to make audit activity effective.
• Ensure timely completion of investigations marked to Region Head (Audit). Review draft investigation reports issued by Region Head (Audit) prior to issuance thereof.
• Ensure archival of evidence of review of working papers by Region Head (Audit).
• Periodic or Surprise visits of branches as prescribed by Chief Internal Auditor or given in audit master data or given in bank’s approved policies, guidelines, manuals and procedures etc.
• Suggest changes required in Audit Master Data to Division Head (Audit) on the basis of feedback from Region Head (Audit) or other audit staff.
• Hold regular meetings with auditee to discuss audit results as well as emerging risks.
• Any other responsibility assigned by Division Head (Audit).