Job Description:
The Head of Internal Audit (HIA) provides independent and objective assurance on the branch & governance, risk management, and internal control environment. In line with the Head Office Audit Division& Risk-Based Internal Audit (RBIA) approach, the HIA is responsible for providing periodic risk intelligence to support the Head Office&risk assessment and audit planning. The HIA function is required to provide periodic work reports to the Head Office Audit Division(HOAD) and to work closely with the branch management team. While maintaining independence and objectivity, the function further strengthens the internal control culture. Plan and manage branch audit activities in line with the Head Office’s annual audit plan and RBIA assessment outcomes. Establish the Branch’s internal audit operating procedures, and execute and manage internal audit activities, and regularly report to the HOAD on audit progress and results, major/high-risk issues, remediation status, regulatory developments, and the Branch’s risk/business profile; immediately escalate major issues, suspected fraud, or material control failures in accordance with applicable requirements. Periodically gather branch risk information (e.g., emerging risks, significant control deficiencies, regulatory focus themes, and material changes in products, processes, systems and third‑party arrangements) and provide it to the HOAD to support RBIA risk assessment. Serve as the primary liaison for RBI inspections and external audits; coordinate document/data submissions, interview arrangements, responses, and remediation follow‑up. Track remediation plans for internal and external observations to ensure corrective actions are specific, verifiable and completed on time. Coordinating and managing Concurrent Audit activities, including participation in the selection and appointment of concurrent auditors, overseeing the effectiveness of audit execution, and ensuring the quality and timely submission of audit reports. The role may require direct involvement in Concurrent Audit engagements when necessary. Material deficiencies shall be escalated promptly, and significant audit findings shall be periodically consolidated and reported to relevant governance bodies and the HOAD. Support the HOAD in audit execution and other audit‑related assistance as required.
