Chief Internal Auditor

Reports to: Board Audit Committee

Job Brief

The Chief Internal Auditor is responsible for providing independent and objective assurance on the adequacy and effectiveness of the Bank’s governance, risk management, and internal control systems.

This role ensures that the Bank’s operations are conducted in compliance with applicable laws, regulations, policies, and internal procedures while safeguarding assets and improving operational efficiency.

Responsibilities

Internal Audit Strategy and Planning          

• Develop and implement a risk-based internal audit plan aligned to Bank objectives
• Ensure audit coverage of all key risk areas annually             
• Submit audit plan for Board Audit Committee approval

Audit Execution and Assurance     

• Conduct independent audits across all Bank functions
• Evaluate effectiveness of internal controls and risk management systems
• Provide assurance on operational, financial, and compliance processes

Risk Management and Internal Controls

• Assess adequacy of internal controls across the Bank
• Identify control weaknesses and recommend corrective actions
• Monitor implementation of audit recommendations

Governance and Compliance Assurance                

• Evaluate compliance with laws, regulations, and internal policies
• Review governance frameworks and Board-approved policies
• Report non-compliance issues to Board Audit Committee

Fraud Risk Management and Investigations         

• Support fraud detection and investigation activities
• Conduct special audits and forensic reviews where required
• Recommend corrective and preventive measures

Audit Reporting and Communication        

• Prepare and present audit reports to Management and Board Audit Committee
• Provide quarterly and annual audit performance reports
• Communicate audit findings and recommendations clearly

Stakeholder Engagement   

• Liaise with external auditors, regulators, and management
• Coordinate audit activities with Risk, Compliance, and Finance functions
• Provide advisory support on control improvements

Internal Audit Function Management        

• Lead and develop the Internal Audit team
• Ensure continuous professional development of audit staff
• Manage audit resources and budget effectively

 

Requirements

• Master’s degree in accounting, Finance, Business Administration, or related field
• Professional certification required: CIA, CPA, ACCA, CISA or equivalent
• At least 15 years’ experience in audit, with 5 years in senior leadership
• Experience in banking or regulated financial institutions is required
• Strong understanding of IFRS, Basel frameworks, and Central Bank regulations
• Strong knowledge of auditing standards, risk management, and governance frameworks