Chief Internal Auditor

TITLE: CHIEF INTERNAL AUDITOR

Job Summary

The Chief Internal Auditor (CIA) is responsible for providing independent, objective assurance and consulting services designed to add value and improve the Bank's operations. As the head of the Internal Audit Department, the CIA helps the Bank accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. The CIA will report directly to the Audit Committee of the Board of Directors and will have regular interaction with senior management across all business units.

Responsibilities

• Develop and execute a risk-based internal audit plan aligned with BSP regulations and the Bank's strategic objectives.
• Develop and maintain comprehensive audit programs that guide the execution of internal audits, ensuring alignment with the Bank's risk profile and regulatory standards.
• Review audit working papers, comment sheets, and draft reports prepared by audit staff to ensure quality, accuracy, and sufficient documentation of findings.
• Assess the effectiveness and practicality of proposed recommendations aimed at enhancing business processes, internal controls, and operational efficiency.
• Conduct audits across all operational areas, with a special focus on digital platforms, cybersecurity, fintech partnerships, and IT systems.
• Evaluate the adequacy and effectiveness of internal controls, risk management, and governance processes.
• Lead the post/exit audit conference and discusses audit comments and recommendations with Line Management
• Present audit findings and actionable recommendations to the Audit Committee and Board of Directors.
• Present audit or investigation results and explains suggested recommendation to the Senior Management
• Monitor the implementation of audit recommendations taken up in the Audit Committee and report on the status of corrective actions.
• Maintain a strong understanding of emerging risks and innovations in digital banking and incorporate this into audit planning.
• Lead, mentor, and develop the Internal Audit Department, promoting a culture of integrity, accountability, and continuous improvement.
• Audit highly confidential matters as needed and performs special investigations for the management
• Serve as a liaison with external auditors, regulatory agencies (e.g., BSP, AMLC), and other stakeholders.

Qualifications

• Holder of a Bachelor's Degree in Accountancy. A Master's degree is preferred.
• Must be a Certified Public Accountant. Possession of any equivalent professional certification such as CIA, CISA, CFE, etc. is highly preferred.
• Must have least ten (10) years of experience in regular internal or external audit of a Thrift Bank, National Cooperative Bank, Quasi-Bank or Trust Entity; or at least seven (7) years of experience in regular internal or external audit of a Universal Bank or Commercial Bank
• Strong understanding and functional competency of accounting principles and standards, internal auditing standards, risk assessment methodologies, governance and control frameworks
• Strong understanding of digital banking technologies, cybersecurity risks, and IT governance frameworks (e.g., COBIT, ISO
• Proven experience in managing audits in digital systems, including mobile banking, online platforms, and core banking systems.
• Strong leadership, analytical, and communication skills.
• High level of integrity and professional ethics.

Job Type: Full-time

Pay: Php100, Php200,000.00 per month

Benefits:

• Flexible schedule
• Health insurance
• Life insurance
• Paid training
• Pay raise

Experience:

• Internal Auditor / CIO: 7 years (Preferred)

License/Certification:

• CPA / CIA / CISA (Preferred)

Work Location: In person