Audit Lead-Business Process

Job Requirements

Job Title: Audit Lead-Business Process

Department/Function: Internal Audit

Job Purpose:

The Lead – Internal Audit will be responsible for independently managing and executing internal audits across the bank’s Retail Banking business unit. This role involves end-to-end ownership of the audit process, including planning, execution, reporting, and presentation of findings to senior management and the audit committee. The role bearer will ensure audits are conducted efficiently, in alignment with the bank’s guidelines, and contribute to strengthening internal controls and operational excellence.

Roles & Responsibilities:

• Develop and manage the Bank’s annual internal audit plan.
• Oversee the audit cycle to ensure effectiveness and timely execution.
• Lead the planning, risk assessment, scoping, and resourcing of complex audit projects.
• Execute key areas of the assignment in alignment with agreed timelines
• Guide and support audit team members to ensure quality outcomes within defined timelines.
• Draft, discuss, and finalize audit reports with auditees.
• Review and take ownership of working papers prepared by subordinates.
• Identify critical areas for continuous monitoring and develop exception reports.
• Prepare and present quarterly audit committee reports, highlighting key issues and action plans.
• Drive the key overdue issues for timely closure by ongoing engagement with stakeholders
• Conduct follow-up audits to ensure compliance with regulations and internal policies.
• Execute special audits as requested by senior management.
  
  

• Provide training and guidance to project team members in internal audit practices.
• Share best practices and promote collaborative learning within the team.
• Foster a culture of collective ownership and continuous improvement.
• Collaborate with internal stakeholders to leverage synergies across departments.
• Stay updated on global market trends and competitor strategies in key markets.
  
  

• Professional qualification such as Chartered Accountant (CA) is preferred.
• Postgraduate degree in Finance (MBA preferred)
  
  

• Minimum of 12 to 18 years of experience in Internal Audit, preferably within the banking or financial services sector
• Skills and Attributes
• Strong understanding of audit methodologies and risk assessment.
• Excellent analytical and problem-solving skills.
• Effective communication and report-writing abilities.
• Leadership and team management capabilities.
• Ability to work independently and manage multiple audits simultaneously.
• High level of integrity and attention to detail.
• Strategic thinking and ability to present insights to senior stakeholders.