Internal Audit Officer

JOB SUMMARY

The Audit Officer, being accountable directly to the Internal Audit Unit Head of AllBank (A Thrift Bank), Inc. (ALB), shall:

1.   Assist Internal Audit Unit Head to evaluate and improve the effectiveness of risk management, controls and governance in Branches/Units/Departments to help the Bank achieve its objectives.

2.   Assist Internal Audit Unit Head in strategizing, directing and executing a systematic Audit Plan to add value and improve the Bank's operations.

3.   To be able to evaluate and provide improvements in the effectiveness of risk management, controls and governance of risks and risk locations under review within the given budget.  This requires the Audit Officer to have adequate knowledge of the operations and processes under review and skills to be able to identify risk areas and provide appropriate recommendations.

DUTIES AND RESPONSIBILITIES

1. Assist the Internal Audit Unit Head in completing the audit assignment by performing the tasks assigned within the given time budget.
2. Carry out the assigned tasks according to the audit procedures.
3. Ensure that audit findings are properly supported and that recommendations are appropriate to the findings.
4. Communicate with the Internal Audit Unit Head on the progress of audit work.
5. File working papers, ensuring that these are signed and indexed.
6. Contribute to the development of audit process improvements.
7. Assist the Internal Audit Unit Head in the identification and evaluation of the organization's risk areas and provide input to the development of audit plan.
8. Apply solid understanding of internal audit standards, policies, and local regulations to provide timely audit assurance.
9. Provide consulting services to different units/branches regarding internal control concerns.
10. Independently perform audits of various units and branches in accordance with Allbank's internal audit methodologies and professional standards, including initial drafting of audit reports.
11. Apply knowledge of key regulations to influence audit scope.
12. Develop effective line management relationships to ensure strong understanding of the business.
13. Engage with various levels of management, both in writing and orally.
14. Review/assess the Branch's/Unit's business operations (by referring to Operations Manual and other related documents) for a better understanding of the risks involved and assessment of controls in place.
15. Discuss with the auditees on their business/process, objectives and goals so that auditors will have better understanding of the business outlook and the risks and critical points involved in such process. Prioritize checking of the critical process noted.
16. Coordinate with Branches/Units for inquiries, follow-up, and clarifications to facilitate audit work and report writing.
17. Performs verification and validation of Messengerial, Janitorial and Security payroll billings prior to preparation of check for payment.
18. Scanning and uploading of Audit reports, attachments and necessary documents to Network attached storage server.
19. Perform duties and responsibilities required under the latest manual of the operation pertaining to the position.
20. Perform other task that may be assigned from time to time by the Management.

WORK RELATIONSHIP

Directly reports to the Internal Audit Head

MINIMUM REQUIREMENT

Education     Accounting Graduate

Experience   At least 2 years banking experience with assignment in Internal Audit,

Compliance or Risk Management Units

Audit Specific Technical Skills

• Business Unit Risk Assessment
• Internal Control Evaluations
• Must be knowledgeable of BSP rules and regulations /tax guidelines and other regulatory requirements of the Bank
• Strong foundation in Risk-based Audit