Audit & Assurance Manager – Banking Sector 01D25

The role of an Audit & Assurance Manager in the banking sector is pivotal to maintaining the financial integrity and regulatory compliance of an organization. This position involves leading and guiding audit teams to evaluate and enhance the effectiveness of risk management, control, and governance processes. The Audit & Assurance Manager works closely with senior management to ensure that the banking institution adheres to financial regulations and mitigates risk appropriately. This role requires a deep understanding of banking operations, financial regulations, and the ability to assess complex financial data. By providing essential insights and recommendations, the Audit & Assurance Manager champions an environment of continuous improvement and adherence to best practices in auditing standards.

Responsibilities

• Lead and coordinate comprehensive audit reviews of banking operations and processes.
• Develop and implement effective audit plans and strategies tailored to banking operations.
• Evaluate the adequacy and effectiveness of internal control systems and risk management processes.
• Provide clear and actionable recommendations to enhance operational and financial performance.
• Oversee audit projects from planning to completion, ensuring timelines and objectives are met.
• Prepare and present detailed audit reports to senior management and the audit committee.
• Collaborate with regulatory bodies to ensure compliance with banking laws and standards.
• Lead and mentor junior audit professionals, fostering their development and growth.
• Stay updated with changes in financial regulations and integrate them into audit practices.
• Conduct risk assessments to identify potential threats to the organization's financial stability.
• Ensure audit procedures are aligned with industry best practices and regulatory requirements.
• Engage with external auditors and facilitate the annual financial audit process efficiently.

Requirements

• Bachelor’s degree in Finance, Accounting, or a related field is required.
• Minimum of 5 years of experience in auditing, with at least 3 years in banking.
• Professional certification such as CPA, ACCA, or equivalent is highly desirable.
• In-depth knowledge of banking regulations, financial laws, and auditing standards.
• Strong analytical and problem-solving skills with attention to detail.
• Excellent communication skills, both written and verbal, for reporting audit findings.
• Ability to lead and manage multiple audit projects simultaneously with efficiency.
• Proven leadership qualities and experience in managing an audit team effectively.
• Proficiency in audit software and financial reporting tools is an asset.