Head of Internal Audit Required

Full Time
Posted 3 years ago

Job Purpose:

Help organization accomplishing its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Provide independent appraisal of all the activities and processes of the bank to evaluate the adequacy and effectiveness of underlying risk management and internal control systems.


  • Manage effectively the internal audit activities to ensure it adds value to the institution, in particular audit assignments
  • Supervises the internal audit team on an ongoing basis and ensures that internal audit resources are appropriate, sufficient, and effectively deployed to achieve the approved plan.
  • Issues relevant and adequate audit recommendations, analysis and conclusions to contribute to the quality of operational processing and the reinforcement of internal control and risk management system in all activities/entities
  • Ensures that all audit activities carried out comply with sound internal auditing principles, practices, standards issued by Institution group audit, and in accordance with the International Standards for the Professional Practice of Internal Auditing (IIA).



  • Launches and orientates the planning stage of each audit assignment according to the preliminary risk assessment methodology in order to establish the audit strategy for the mission
  • Validates the audit program and related audit procedures defined for each assignment as well as the corresponding budget and allocation of audit resources
  • Directly carries out some audit works during the field works stage of the mission, in particular for complex / technical issues and/or when he/she is directly in charge of the mission (head of mission)
  • Reviews the quality of the results and conclusions of the audit works performed by the audit team and makes sure audit procedures defined were properly implemented
  • Analyses the results of the audit assignment and concludes on the effectiveness and efficiency of internal control and risk management system applicable to the scope of the mission
  • Proposes relevant audit recommendations to correct deficiencies identified and/or improve the existing risk management and control system
  • Prepares timely audit mission reports and obtains management responses before submission to the direct supervisor of the auditee, general management and the Audit Committee
  • Makes sure the audit folder of each audit mission is comprehensive and properly documented and stored in accordance with our audit standards


  • Establishes a yearly audit plan following risk based approach methodology and set priorities for each audit assignment
  • Coordinates work with Risk & Compliance and other permanent control-related activities within the institution
  • Anticipates and decides the next audit assignment to conduct based on the yearly audit plan approved and taking into account the priorities, constraints and risks assessment
  • Decides when and where to launch unannounced/flash audit missions and supervises the assignment
  • Monitors the progress of the audit plan, anticipates potential delays in the execution of the audit plan and proposes remediation measures to group audit
  • Follows up the progress/budget consumption of each audit assignment, anticipates potential delays in the execution of the mission and validates remediation measures proposed by the head of mission
  • Monitors at least on a quarterly basis the progress of the implementation status of internal audit recommendations issued and, where applicable, of recommendations made by regulators or external auditors


  • Provides support to the institution’s anti-fraud programs, in particular, in connection with general management, reviews the suspicious fraud cases reported and decides what further investigations need to be carry out
  • Conducts and supervises special audit missions as may be required by general management or the Audit Committee
  • Alert if need be the Audit Committee to eminently serious facts involving General Management and jeopardizing the going-concern status of the Institution
  • When deemed necessary, assists in examining new or updated procedures prior to their implementation in order to prevent possible deficiencies in the internal control and risk management system
  • When deemed necessary, takes part in working sessions on the permanent “risk assessment” process and the review of the Risks & Controls Matrix
  • In connection with the Institution’s group audit, proposes improvement/update to the Internal Audit methodology, and the associated processes, procedures and working tools. Updates them when relevant
  • Researches new or technical subjects when required to support audit activities (e.g. Basel III, market risk, financial instruments, etc.)


  • Under the supervision of the Institution group audit, prepares quarterly audit reports, and other reports when appropriate, for submission to the Audit Committee and general management
  • Anticipates the meetings of the Audit Committee, proposes the agenda and prepares the audit presentation materials for submission to the Audit Committee
  • Attends the Audit Committee meetings and presents the audit highlights and other relevant analysis and key messages
  • Maintains open communication with general management, group audit and the Audit Committee
  • Regularly reports to group audit, on a proactive basis, the results and conclusions of audit assignments and any other information which may have an impact on the conduct and conclusions of audit activities

Please share your resume in MS Word format at jobs@hcspak.com

Note: Only shortlisted candidates will be contacted

Job Features

Job CategoryBanking
QualificationCA, ACCA, ACMA
Experience12 - 15 years relevant experience
Number of Positions1
Client DetailsMicrofinance Bank

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