Assistant Vice President - Internal Audit (Credit & Support Services) job from Nations Trust Bank in Colombo, Sri Lanka

Saturday 3rd, October 2020

Nations Trust Bank

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Colombo

Full-Time

Accounting / Auditing Banking and Financial Services Senior Management / Directors

Assistant Vice President - Internal Audit (Credit & Support Services)

Job Profile

  • Supervise Branches (Operations & Credit) and Department audits including Credit Risk, Leasing, Factoring, Credit Operations to ensure risks are assessed, controlled and are compliant with policies, procedures and regulations.

  • Provide leadership and guidance to conduct on-site and off-site audits and supervise the team and provide guidance in assessing the risks, reviewing the audit programme, scrutinizing all audit reports with a view to add value whilst maintaining the quality of audit work.

  • Handle audit discussions with Corporate/Senior Management and ensure that the annual internal audit plan is achieved by the unit.

  • Lead the investigation team in conducting investigations, disciplinary inquiries referred to by units of the Bank or reported through whistleblowing and report findings with recommendations within the timelines.

  • Write and present clear and concise reports to articulate audit observations and appropriate recommendations & ensure appropriate action is taken by the management to close audit observations and minimize repeat findings.

  • Provide value-added advice to first and second line of defense on the creation or modification of processes to ensure appropriate level of internal controls, compliance and governance framework is maintained.

  • Critically review all investigations undertaken and obtain data from other Banks and Financial Institutions on the frauds that have occurred and ensure that the Bank is not susceptible to such incidents.

  • Undertake special audits, spot checks and assignments as requested by Head of Internal Audit /Board Audit Review Committee/other Board sub committees/ CEO.

  • Ensure to cover the main risks such as regulatory, credit, information security and financial in all audits and propose/implement new audit tools identifying potential risk areas and continuous review on the depth and the quality of audit findings.

  • Identify areas that need procedural coverage or improvements and add value to existing/new processes/products / services and policies by making them more efficient and effective.

  • Conduct knowledge sharing/awareness sessions to up skill the team members and other Bank staff

Special Skills

  • Lead and motivate the team to achieve the goals of the unit.

  • Knowledge of the intricacies in the Internal Audit function of the Bank.

  • Analytical thinking and ability to take on challenge of Auditing.

  • In-depth knowledge of the key audit areas, banking products, operational and administrative processes etc.

  • Ability to review processes and ensure risks associated are mitigated as far as possible to ensure that the business is able to operate freely.

  • Knowledge of credit and other related functions such as assessing the effectiveness of the credit evaluation, internal controls in credit operations & risk management.

  • Ability to question/inquire staff and obtain statements as a part of the Investigation process.

We are looking for candidates who demonstrate following values to “CREATE TOMORROW"

  • Drive unparalleled customer experiences.

  • Exercise innovative leadership.

  • Demonstrate Business awareness & an entrepreneurial mindset,

  • Focus on data-centric decision making.

  • Commit to excellence.

Experience & Qualifications

  • A minimum of 9 years' experience in a Bank and/or financial institution with exposure to Operations and Credit related lending functions.

  • Out of the total experience 5 years should be at managerial level.

  • A degree or equivalent professional qualification from a recognized institution.

  • Experience in Auditing and Investigations is preferred.

Skills required

Ability to question/inquire staff and obtain statements as a part of the Investigation process.

Lead and motivate the team to achieve the goals of the unit.

Knowledge of the intricacies in the Internal Audit function of the Bank.

Analytical thinking and ability to take on challenge of Auditing.

In-depth knowledge of the key audit areas, banking products, operational and administrative processes etc.

Ability to review processes and ensure risks associated are mitigated as far as possible to ensure that the business is able to operate freely.

Knowledge of credit and other related functions such as assessing the effectiveness of the credit evaluation, internal controls in credit operations & risk management