Job Summary:The QAIP Auditor is responsible for conducting quality assurance and improvement progress of internal audit engagements to ensure adherence to GIAS, methodologies, and best practices. This role plays a critical role in maintaining the integrity, governing and effectiveness of the internal audit whole function.
Job Responsibilities:Review audit plans, work papers, and reports to assess compliance with GIAS and methodologies. Evaluate the adequacy of audit procedures and related information gathered. Assess the characteristics of audit findings and recommendations etc. 5 Cs and causes. Review the process of ongoing QA over the day-to-day audit engagements operations. Conduct periodic reviews of the internal audit function to identify areas for improvement. Evaluate the effectiveness of the internal audit function's risk assessment, planning, and execution processes. Assess the adequacy of the internal audit function's resources and capabilities. Participate in the process of self-assessment applying the IIA’s quality manual . Perform the process of post engagement surveys and holding the competencies register as well as the end engagement appraisal records. Coordinate when external quality assurance review occurred on the internal audit function and participate in implementation of the recommendations and improvement observations arising from them. Identify opportunities for improvement in audit strategy, methodologies, procedures, and reporting. Develop and implement recommendations to enhance the quality and efficiency of internal audit activities. Monitor the implementation of QA corrective actions and track progress. Develop and implementing leading practices in internal audit QAIP that support continuing compliance with IA GIAS and the applicable bank’s policies and procedures. Deliver timely IA QA reports of QA activities to head of QAIP with appropriate context and insights to provide value-added feedback and suitable recommendations for rectifying identified compliance gaps as well as efficiency and effectiveness improvement practices. Provide training and guidance to internal auditors on quality assurance and improvement principles. Stay updated on industry trends, regulatory changes & updates, and emerging risks. Manage with the quality team the IA systematic tools and presenting the required in-house training for audit staff. Ensure compliance with internal audit standards, regulatory requirements, and ethical code guidelines. Promote a culture of quality, integrity, and continuous improvement within the internal audit function.
Job Requirements:Bachelor's degree in accounting, finance, business administration, or a related field is typically required.3 - 5 years of relevant internal audit experience in banking sector. Candidate preferred to be a holder of IAP , or partially completing CIAA deep understanding of the Global International Audit Standards (Standards) issued by The Institute of Internal Auditors (IIA). The ability to plan, organize, and execute QAIP projects efficiently. Excellent written and verbal communication skills to effectively convey findings and recommendations to management.