Head - Internal Audit - Financial Services

Role and Responsibilities :

1. Quarterly Reporting to the Audit & Risk Committee of the Board of Directors regarding the status and activity of the Internal Audit & Risk function vis-a- vis on the effectiveness of the organizations processes for controlling its activities and managing its risks, external audit activities and other items as requested.

2. Ensure close monitoring of the implementation of the risk based Internal Audit Plan, oversight of Audits at branch and Head office level.

3. Perform or direct the performance of special reviews and projects as requested by corporate management and/or the Audit Committee of the Board of Directors.

4. Review of processes and design controls, Identification of Process Gaps, areas of weak internal controls and elimination of such process deficiencies by blending the process review and transaction audit.

5. Planning and conducting internal audits/investigations in various functions of the company and introducing improvements across functions, resulting in significant cost and time saving.

6. Facilitating elimination of Non-compliance through appropriate corrective and preventive actions.

7. Initiating improvements and suggestions in weak areas and follow up on closure of agreed recommendations.

8. Preparing risk based audit plan and completing audits as per plan. Plan to include high risk process audits, branch audits, IT audits and file reviews.

9. Ensure all audits are conducted as per set audit processes.

10. Continuous improvement of audit processes.