Head of Internal Audit

About the Role

This vacancy presents an opportunity to join a leading organization. The Head of Internal Audit is responsible for overseeing the internal audit function across the bank. This role involves ensuring the effectiveness of internal controls, risk management, and compliance with regulatory requirements. The Head will lead the internal audit team, develop audit strategies, and provide insights to senior management and the board.

Key Responsibilities

• Lead and manage the internal audit team, ensuring high performance and professional development
• Oversee the execution of the annual audit plan, ensuring thorough coverage of all business units and operations
• Develop and establish a comprehensive annual audit plan using risk-based methodology, inclusive of risks or control concerns identified by management, and submit for Board Audit Committee review and approval
• Identify and assess risks across the organization and recommend measures to mitigate them
• Ensure Hope Payment Service Bank complies with regulatory requirements and internal policies
• Conduct audits of various departments, branches, and subsidiaries to ensure compliance and operational efficiency
• Prepare and present detailed audit reports with findings, risks, and recommendations to senior management and the audit committee
• Follow up on audit recommendations to ensure timely and effective implementation
• Advise executive management on risk exposure, control deficiencies, and compliance issues
• Provide insights and recommendations to support strategic decision-making
• Mentor and develop the internal audit team, fostering a culture of excellence and continuous learning
• Set clear performance goals and conduct regular evaluations
• Provide training and development opportunities to enhance the skills and knowledge of audit staff
• Promote a culture of accountability, transparency, and continuous improvement within the organization