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Job Purpose :
The Bank's Internal Audit Department plays a key role as a third line of defense. Our mandate is to provide an independent opinion on the design and operating efefctiveness of internal controls for assigned sections / projects / precesses / units in Retail and Commercial operations in the English Caribbean Region and the Dominican Republic.
The objective of this position is for the incumbent to acts as the Auditor in Charge (OIC) or lead teams that audit major business lines assessing controls and provide high quality, value-
added, advisory services to line management as part of audits or on special projects / assignments. The incumbent will ensure that department standards are met on all assignments.
The incumbent must possess strong analytical skills and be proficient at assessing applicability of regulations / policies and applying auditing standards, practices, techniques, processes and methodologies to the performance and review of audits.
The incumbent would also have good presentation and report writing skills and display good balance between technical knowledge (decision support systems and technology) and soft skills to be able to identify material gaps and recommend practical / timely management action plans to resolve the issues.
The incumbent should have a current knowledge of International Banking operational processes and AML work experience is considered asset.
A thorough knowledge of the Caribbean, and Caribbean work experience are preferred.
The job involves travel to international locations where the bank operates to execute on audit plans.
Reporting Relationship :
Reports to : Director Caribbean Retail & Commercial Banking Operations
Supervises : Audit Managers
Key Accountabilites : 1. Audit Planning
1. Audit Planning
Identify systemic / emerging issues and changes planned / undertaken by the audit client that impact the audit plan through discussions with the Audit Principal.
This may include pre-planning meetings and walkthroughs with the audit client to confirm our understanding of the processes and activities subject to the audit.
Develop a thorough understanding of the business, risks and processes for assigned sections / processes.
Direct the planning of audits by ensuring scope and extent of work is in accordance with the approved plan, timing and budget are reasonable, procedures are efficient, appropriate resources are assigned, and risks are understood.
2. Auditing and Execution
Execute the assigned audit programs independently in accordance with the department standards ensuring the nature and extent of testing is appropriate to support the audit opinion.
Complete on-site reviews of assignments are required to ensure adequacy of work performed to support the audit conclusions.
Supervise assignments with low to medium complexity providing coaching and oversight to team members.
3. Problem Identification
Ensure audit results are gathered and assess the impact of the findings on the internal control framework. This would include confirmation of the findings with the auditee and discussion of the root cause with the Audit Principal.
Prepare draft audit findings and report for review by Audit principal which includes preliminary recommendations.
4. Reporting / Communication
Through written reports and correspondence demonstrate good understanding of issues with key risks clearly articulated and materiality and associated impact clearly explained in accordance with the Department Audit Methodology.
Present findings to line management and conduct audit closings including a discussion / presentation to management with an overview of the audit results and findings for those assignments with some assistance from more senior audit personnel.
Follow-up for corrective action / progress against reported issues in the Audit Issues Tracking database on a quarterly basis.
Escalate where necessary.
5. HR Management
Comply with department established HR Management policies and procedures.
Prepare periodic and annual performance self-assessments, personal goals and objectives for measurement of performance, a career development and training plan and monitor for achievement / completion.
Manage self-development by / through confirming job expectations; identifying mentors / coaches and enquiring about training needs ensuring timely completion of performance appraisals.
Assist with the orientation of new employees as assigned.
6. Special Projects
Assist in special projects as assigned including investigations and other projects that be requested management.
Assist with work performed on behalf of the external auditors as assigned.
Continue self-development to expand or maintain an understanding of the business line’s key processes and business applications.
Assist on consulting assignments as assigned.
Functional Competencies :
Knowledge of retail and commercial banking lending and operations.
Thorough ability to write clear, concise audit reports as well as internal and external communication.
Thorough knowledge of MS Word, Excel, Ppt.
Proven ability to coach and provide effective feedback to others.
Strong interpersonal, communications (written and oral) and relationship management skills to effectively manage the work of others as well as sensitive and confidential information.
Education / Experiences :
The incumbent is expected to have a bachelor's degree or professional designation is preferred.