Chief Internal Audit

The Audit Lead will be responsible for leading the internal audit function to ensure compliance with regulatory requirements, risk management policies, and internal controls. This role plays a critical part in safeguarding the integrity and efficiency of the bank’s operations while promoting a culture of accountability, transparency, and continuous improvement.

Core Responsibilities:

Risk Assessment & Control Evaluation

• Identify and assess potential financial, operational, and compliance risks across the organization.
• Evaluate the design and effectiveness of internal controls to mitigate identified risks, prevent fraud, and safeguard assets.
• Develop and execute an annual, risk-based internal audit plan aligned with regulatory requirements and approved by the Audit Committee.
• Perform AdHoc reviews and audits for new products and strategic initiatives.

Operational & Compliance Audits

• Conduct audits to assess the efficiency and effectiveness of operations, including processes, procedures, and resource utilization.
• Ensure compliance with applicable laws, regulations, and internal policies; monitor changes in regulations and assess their impact.

Financial & Systems Audits

• Review the accuracy and completeness of financial transactions, records, and statements.
• Evaluate the security, integrity, and reliability of information systems and data.

Fraud Detection & Analytics

• Use data analytics to identify anomalies, trends, and patterns in financial transactions that may indicate fraudulent activity.
• Recommend controls and procedures to mitigate fraud risk.

Advisory & Governance Support

• Provide recommendations for improving internal controls, risk management, and governance practices.
• Assist management in the implementation of audit recommendations and process enhancements.
• Collaborate with functional heads to support audit readiness, compliance alignment, and internal control improvements.

Monitoring & Reporting

• Implement continuous monitoring mechanisms for risk and control effectiveness.
• Prepare and present audit reports to senior management and the Board, highlighting key findings, recommendations, and action plans.
• Prepare schedules, agendas, and minutes for Audit Committee meetings.
• Submit additional information and documentation as requested by the Audit Committee.

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field; Master’s degree preferred.
• Minimum 8 years of experience in internal audit, external audit, or risk management, preferably in financial services or digital banking.
• Strong knowledge of digital banking operations, IT controls, and regulatory frameworks.
• Professional Certifications such as CIA, CISA, ACCA, or CPA are highly desirable.