Team Lead Subsidiaries Audit at First Bank

DUTIES & RESPONSIBILITIES

• Manages the risk-based internal audit review of Subsidiaries and ensures compliance with approved plans.
• Supports in executing effective risk assessment of the various businesses/subsidiaries and provides input into the annual/quarterly audit plan for Board approval. 
• Provides first line support for the Unit Head, Subsidiaries Audit to conduct a risk-based audit that ensures focus on strategic areas of the Business.
• Assists in developing a systematic and disciplined approach for the Unit’s internal audit performance standards by evolving process improvement frameworks.
• Supervises Team Members on Audit assignments and provides first level quality assurance review of team output and ensure knowledge sharing and on the job coaching of team members 
• Continually assesses, evaluates, and reports to the Unit Head, Subsidiaries Audit on emerging issues, industry trends and events affecting the Bank and Subsidiaries to enable the development of pro-active controls and monitoring mechanisms.
• Coordinates and provides leadership, guidance and support to the team in achieving the engagement timelines and budget. 
• Oversee the activities of team members in the implementation of the Audit Terms of Reference and ensure meeting up with the reporting deadline. 
• Develops and communicates Draft Audit Terms of Reference to Auditees’ Management and participate in formal audit meetings (including kick off and close out) with clear timelines.
• Examines and evaluates the adequacy and effectiveness of the system of internal controls in Subsidiaries.
• Monitors departments’ Profit & Loss account heads; Review of general ledger balances; review of processes, policies and procedures, conducts special Investigation and report breaches.
• Reviews the reliability and integrity of financial and operating information and evaluates techniques used to identify measures, classify and report such information.
• Reviews team members’ process documentations, walkthrough documentation, Test procedures work papers and implements quality assurance and improvement programs.
• Coordinates the preparation of audit work plan, issue summary log and draft audit report.
• Engages Heads of departments and Unit Heads of Subsidiaries to ensure efficiency and effectiveness of audit sessions and follow-up
• Represents the Internal Audit Department/Head Subsidiaries on special projects 
• Engages Management of Bank / subsidiaries and act as liaison between audit department and auditee to ensure effective flow of communication. 
• Comply with the principles and policies in the Information Security Handbook

JOB REQUIREMENTS

Education

Minimum Education: First Degree/HND in any discipline plus Professional certification, ACA, ACIB etc.; Higher Degree (nice to have)

Experience

Minimum experience – 10 years in Audit, Internal Control, Banking Operations and Credit