OverviewThe Auditor Senior is responsible for conducting independent audits of all Bank activities to evaluate the adequacy and effectiveness of internal control systems and operating procedures. This role involves appraising the fairness and reliability of financial records and information for internal management purposes, determining compliance with relevant laws, regulations, and internal policies, and evaluating procedures for safeguarding assets and preventing and detecting loss. Additionally, the Senior Auditor promotes the quality and efficiency of ongoing operations by analyzing and recommending improvements.
This position requires the exercise of initiative, discretion, and independent judgment in handling significant matters affecting the Bank. The Senior Auditor operates within the scope of their authority to make decisions and provide expert guidance on internal control and compliance issues, thereby influencing the overall effectiveness and integrity of the Bank's operations.
What You'll Do:- Independently conducts comprehensive audits of all accounting records of the bank including assets, liabilities, income, expenses, and related operation following the audit program approved by the Audit Committee. Exercises discretion in planning audits, performing walk-throughs, assessing risks and controls, executing fieldwork in accordance with generally accepted auditing standards, evaluating internal controls, and preparing detailed working papers to document findings and support conclusions.
- Communicates audit findings and strategic recommendations to senior management, stakeholders, and regulatory bodies, providing expert insights that drive operational improvements and ensure compliance with applicable standards and regulations.
- Develops and negotiates Corrective Action Plans during audit fieldwork with appropriate bank management, exercising judgment to address areas for improvement and ensure corrective measures are effectively implemented.
- Drafts comprehensive audit reports detailing scope, observations, management discussion items, enhancement opportunities, and Corrective Action Plans derived from audit work performed; engages with management at appropriate levels to present and discuss these findings.
- Collaborates with Bank Examiners and External Auditors during examinations and audits, ensuring alignment with regulatory expectations and providing authoritative information and insights to support compliance and transparency.
- Designs and revises audit procedures and internal control questionnaires as required, applying advanced knowledge to adapt to evolving regulatory requirements and operational needs.
- May focus on specialized areas requiring advanced expertise, such as regulatory compliance, securities regulations, capital markets, and fiduciary trust activities, bringing professional judgment and subject-matter insight to these complex functions.
Qualifications- 5-7 years in bank internal auditing, external auditing of financial institutions, or regulatory examination, with a thorough understanding of banking practices, principles, and the inter-relationships between banking functions, capital markets, and wealth management.
- CIA, CPA, CISA, CIFRS, or other relevant audit or risk certification.
- Requires skills in fact-finding, analysis, problem-solving and decision making.
- Strong regulatory requirements and risk framework knowledge and other relevant guidelines governing credit, liquidity, interest rate and fiduciary risks.
- Advanced PC skills including working knowledge of TeamMate, Word and Excel
- Experience in creating process documentation, developing audit plans, and performing audits.
- Ability to plan, execute and evaluate audit test plans within a risk based audit methodology.
- Strong written and verbal communication skills.
- Knowledge of internal controls, financial terminology and bank documentation requirements.
- Experience in assessing financial models and knowledge of testing effectiveness and recommending improvements.
- Ability to communicate with various levels of staff and management.
- Ability to manage scheduling and deadlines.
Education- Bachelor's Degree in Accounting, Finance, Business Administration, or related field.
- An equivalent combination of education and/or relevant professional experience may be considered in lieu of a degree.
Special Instructions to CandidatesInterview GuidelinesTo ensure a fair interview process, the use of AI-enabled devices (e.g., AI glasses or similar technology) is not permitted during interviews.
