Internal Auditor

Responsibilities:

Internal Audit Planning and Execution

• Plan and execute risk-based audits of financial, operational, and compliance activities across all departments of the bank.
• Develop annual and ad-hoc audit plans based on the risk assessment of the bank’s operations, ensuring comprehensive coverage of critical areas.
• Conduct audits to assess the adequacy and effectiveness of internal controls, financial reporting, risk management processes, and regulatory compliance.
• Perform audits related to loan portfolios, transaction processing, asset management, cash and Momo handling, and IT security controls.
• Review banking processes such as customer account management, lending operations, treasury management, and regulatory reporting.

Risk Management and Control Evaluation

• Evaluate the bank’s internal controls to identify weaknesses or areas of potential risk, and make recommendations for improvements.
• Assess the effectiveness of the bank’s risk management framework, including credit risk, operational risk, liquidity risk, and compliance risk.
• Identify areas for cost control or operational improvement, making suggestions to streamline processes and enhance efficiency.
• Ensure that risk management strategies are appropriately designed and implemented to mitigate operational, financial, and compliance risks.

Compliance with Regulatory Standards

• Ensure that the bank adheres to applicable banking regulations, including anti- money laundering (AML), know-your-customer (KYC) requirements, financial crime prevention, and data protection laws.
• Review the bank's policies and procedures to ensure they are in line with national and international regulatory standards (e.g., central bank regulations, IFRS, Basel III).
• Assist in preparing for external regulatory inspections, audits, and examinations by gathering necessary documents and responding to queries.
• Stay informed of updates in financial regulations and adjust internal audit practices to remain compliant with new requirements.

Reporting and Documentation

• Prepare comprehensive and clear audit reports that document findings, risk assessments, and recommendations for improvements.
• Provide detailed feedback to senior management regarding audit results, outlining areas of concern and corrective actions required.
• Track and follow up on the implementation of audit recommendations to ensure corrective actions are effectively applied
• Maintain accurate, organized, and detailed audit records and workpapers, ensuring compliance with auditing standards.

Continuous Improvement and Support

• Participate in the development of the bank’s internal control policies and procedures to improve operational efficiencies and reduce risk.
• Assist departments in designing controls to address audit findings and enhance process efficiencies.
• Provide support and guidance to staff and departments on internal controls, risk management, and compliance issues.
• Contribute to the bank’s overall corporate governance by ensuring transparency and accountability in all operations.

Audit Committee and Senior Management Interaction

• Communicate audit results and provide insight into risk management and control issues to the Audit Committee, senior management, and external auditors as needed.
• Assist in preparing materials for regular audit committee meetings, ensuring key risks, audit findings, and compliance issues are properly highlighted.
• Maintain open communication with senior management to discuss audit activities, findings, and emerging risks or concerns.

Supervisory Duties

• Plan and lead internal audits, including scope definition, scheduling, and resource allocation.
• Supervise the audit team, providing guidance and technical expertise during audits.
• Review audit work papers and reports to ensure accuracy, completeness, and adherence to standards.
• Conduct training and mentorship programs to enhance team skills and knowledge.
• Address escalated audit findings and liaise with management to resolve complex issues.

Qualifications

Education:

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Professional certification such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Chartered Accountant (CA) is highly preferred.
• A Master’s degree in a relevant field (e.g., MBA, Master’s in Accounting) is an advantage.

Experience:

• At least 3 - 5 years of experience in internal auditing, accounting, or financial management, preferably within the banking or financial services sector.
• Experience working in a rural or community-focused banking environment is preferred but not required.
• Familiarity with banking regulations, financial reporting requirements, and risk management practices.
• Proven experience in conducting audits of financial systems, operations, and compliance functions.

Skills and Competencies:

• Strong knowledge of auditing principles, risk management, and financial controls.
• In-depth understanding of financial regulations and banking standards (e.g., Basel III, IFRS, anti-money laundering regulations).
• Proficiency in audit software and financial systems (e.g., SAP, Oracle, QuickBooks, or similar tools).
• Strong analytical and problem-solving skills, with the ability to assess complex processes and identify areas for improvement.
• Excellent written and verbal communication skills, with the ability to produce clear, detailed audit reports.
• Ability to build relationships with colleagues and management, offering constructive feedback and suggestions for improvement.
• High level of attention to detail and accuracy in audit processes and reporting.

Key Attributes:

• Strong ethical standards and professionalism.
• Ability to work independently and as part of a team, managing multiple projects and deadlines.
• High level of integrity, confidentiality, and discretion when handling sensitive information.
• Proactive, self-motivated, and focused on continuous learning and improvement.
• Adaptability and flexibility, especially in a rural or resource-constrained banking environment.

Working Conditions:

• Full-time position based at the bank’s headquarters or branch.
• Occasional travel to branch locations or rural communities for onsite audits or assessments.
• Some flexibility in work hours may be necessary to accommodate audit deadlines or urgent operational needs.

How to Apply

Interested candidates should submit a CV or Resume and cover letter to mrbrecruit2024@gmail.com by 13 th December, 2024. Please include three (3) references and any certifications relevant to the role.

Location:  Pomadze-Winneba Junction, Ghana

Employment Type: Full Time

Salary Range: Attractive