Head of Internal Audit Department

Job description
Job Profile:

The Head of Internal Audit will assist in managing the bank’s internal audit operations, working closely with the Deputy General Manager of Internal Audit. This role ensures effective execution of risk-based internal audits, compliance with regulations, and developing recommendations for improving internal controls and governance processes.
• Drive the development and application of a comprehensive risk-based auditing approach and control concepts within the bank
• Direct and guide Audit teams on emerging operational, legal, and regulatory compliance matters
• Execution of annual audit and advisory plan
• Finding solutions to potential gaps in systems and controls
• Developing the audit universe and preparation of the Annual Audit Plan on a risk-based approach
• Remain abreast of the best practices, current trends, new developments, new techniques and their applications
• Provide management with advice and recommendations through the Head of Internal Audit on matters requiring attention to mitigate risk, create monitoring techniques, manage risk, and implement internal control systems to maintain a strong risk and operational control culture
• Communicate assigned tasks to the engagement team/auditee in a manner that is clear and concise ensuring high-quality, accurate and efficient results
• Provide quality written reports to the Management and Board Audit Committee
• Training and development of subordinate Audit staff to achieve compliance with performance standards and develop corrective action plans to address performance problems
• Conduct special assignments and investigations as assigned by the Board Audit Committee/Management

Candidate Prerequisites
• Should be a qualified Chartered Accountant/Member of the Institute of Chartered Accountants of Sri Lanka (ICASL) or have full professional qualification in Auditing (CIA), Banking (DABF/AIB) or Accountancy (CIMA/ACCA)
• A Bachelor’s/Master’s degree in Accounting, Finance, or any equivalent qualification is a plus
• Minimum 15 years related experience in a Commercial bank, out of which 7 years of experience in a Senior Management capacity with hands-on experience in Credit, Risk Management, Treasury and Operational areas
• Extensive understanding of Information Technology/IT security and systems controls
• Excellent communication skills and a flair for public relations
• Exercise innovative leadership within a performance-driven culture and possess a “service-oriented mindset.”
• Should have a strong analytical mind, decision-making ability, planning and probing skills
• Ability to perform in a competitive environment and collaborate with audit teams, Management and the Board
• Willingness to travel to outstation locations for fieldwork supervision