Chief of Audit

Sun Savings Bank, a reputable and growing financial institution in Cebu City, is seeking a highly motivated and experienced Chief of Audit to spearhead our internal audit function. This pivotal role offers the opportunity to make a significant impact by safeguarding our assets, upholding our strong reputation, and eventually leading the bank's entire audit strategy at an executive level.

About the Opportunity

As our Chief of Audit, you will be entrusted with providing independent and objective assurance on the effectiveness of Sun Savings Bank's risk management, internal controls, and governance frameworks. You will lead a dedicated team of audit professionals, collaborating closely with senior management and the Audit Committee to proactively identify and mitigate potential risks. Your expertise will be crucial in ensuring the bank's ongoing financial stability and adherence to regulatory mandates set forth by the Bangko Sentral ng Pilipinas (BSP) and other relevant authorities.

Key Responsibilities:

• Develop and implement a comprehensive, risk-based internal audit plan that aligns seamlessly with Sun Savings Bank's strategic objectives and all applicable regulatory requirements.

• Provide strong leadership and effective management to the internal audit team, offering guidance, mentorship, and opportunities for continuous professional growth.

• Oversee the meticulous execution of audit engagements, ensuring strict adherence to professional auditing standards and established methodologies.

• Conduct thorough risk assessments to identify key areas of vulnerability and evaluate the effectiveness of existing controls, providing insightful and actionable recommendations for improvement.

• Prepare and present clear, concise, and impactful audit findings and recommendations to senior management and the Audit Committee, effectively communicating complex issues and potential implications.

• Actively monitor the implementation of agreed-upon audit recommendations, diligently tracking progress towards timely and effective remediation.

• Maintain a thorough and up-to-date understanding of evolving banking regulations, particularly those issued by the BSP, as well as industry best practices in internal auditing and risk management, ensuring the audit function remains cutting-edge and impactful.

• Champion a culture of compliance, ethical conduct, and strong internal controls throughout Sun Savings Bank.

• Collaborate proactively with various departments across the bank to foster a robust and integrated risk management framework.

Qualifications

• Education: Bachelor's degree in Accounting, Finance, or a related discipline. A Master's degree (MBA or similar) is highly desirable.

• Certification: Must possess a relevant professional certification such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or an equivalent internationally recognized credential.

• Experience: Proven track record of successfully leading and motivating a team of internal audit professionals, preferably within the banking or financial services sector.

• Banking/Financial Services Experience: Minimum 5-7 years of experience within the banking or financial services sector is required.
• Internal Audit Experience: Minimum 5-7 years of internal audit experience is required.

• Regulatory Knowledge: In-depth understanding of Philippine banking regulations, risk management frameworks, and internal control best practices.

• Soft Skills: Exceptional communication, interpersonal, and presentation skills, with the ability to articulate complex information persuasively to executive stakeholders.

• Analytical Mindset: Strong problem-solving capabilities with a keen eye for detail and the ability to think critically under pressure.