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Audit Head - Branch Banking

KBZ Bank

Audit Head - Branch Banking

KBZ Bank
Recruiter active 6 hours ago The recruiter at this company was last active reviewing applications.
Myanmar - Yangon
Full Time
Verified This job has been verified by the company as a real job vacancy.
26 Oct 2020

Experience level

Manager

Job Function

Accounting, Finance

Min Education Level

Bachelor Degree

Job Description

The role holder would be responsible for assisting in formulation of audit strategy and implementing the branch audit plan for the Bank in line with organizational requirements and will report directly to Head of Internal Audit. 

  • Provide guidance to the Branch Audit Managers on branch grading methodology, KBZ Pay, risk assessment, scope, and frequency of branch audits and finalise the risk-based audit plan in consultation with the Head of Internal Audit
  • Review and maintain policies and procedures, recommend amendments required (if any) and ensure that such amendments are complied with
  • Monitor the implementation of risk-based audit plan for identified branches and provide inputs on a periodic basis
  • Identify risks based on prioritization of audit areas and allocation of audit resources in accordance with the risk assessment
  • Monitor audit engagements, ensuring consistency with auditing principles and practice. Also, ensure compliance with regulatory requirements applicable for branch banking and bank’s internal policies and procedures while performing the audit
  • Ensure finalization of audit reports for branches including action plans and discuss the executive summary of audit observations with the Head of Internal Audit
  • Analyze trends in the ‘High’ and ‘Medium’ risk category within branches. Escalate issues/serious deficiencies posing threat to the Bank’s business to the Head of Internal Audit and appropriate level of Management
  • Identify need for follow-on audits to validate the remedial actions put in place and ad-hoc audits to address risks assessed during the year.
  • Provide Head of Internal Audit with regular progress reports and information in an accurate and timely manner and/or as requested
  • Assist Head of Internal Audit in the preparation of department’s performance data and activity reports
  • Perform an advisory role for all Smart Branch VCGMs from an audit and compliance perspective, to ensure overall operational efficiency, effectiveness and delivery of superior client service
  • Drive a performance-based culture in the team by timely monitoring, review of performance parameters and feedback to the team members
  • Build effective working relationships with other functions and employees conductive to positive collaborations and team efforts that contributes to bank’s overall success
  • Keep abreast of new developments, methods and techniques in banking industry
  • Identify skillset needed to perform the audit activities and support team members in their career progression

Open To

Repatriate
Male/Female

Job Requirements

  • Bachelor’s or Master’s degree, ideally in accounting and auditing, business administration or economics from an accredited university in Myanmar or abroad or professional certification and training in banking, accounting and auditing
  • Professional qualification such as Association of Chartered Certified Accountants (ACCA), Certified Public Accountant (CPA), Chartered Accountant (CA) and Certified Internal Auditor (CIA)
  • Thorough understanding of applicable laws including Myanmar Financial Institutions Law, regulations, directives, instructions and guidelines issued by the Central Bank of Myanmar
  • Fundamental knowledge of audit software and banking software
  • Minimum 10 years of experience in a financial institution with at least 6-8 years in internal audit/ risk/ compliance; (Team management experience for 5-6 years)
  • Strong knowledge of standard audit practices and ability to apply them;
  • Strong investigative skills and attention to details
  • In depth knowledge of financial and operational audit; including bank or financial institution policies and procedures;
  • Ability to develop a comprehensive internal audit program for a bank;
  • Ability to lead and manage audit teams;
  • High ethical standards and integrity in both their personal and professional dealings;
  • Excellent communication skills
  • Advanced level of English language (Written and spoken)

What We Can Offer

Benefits

Rewards for over performance

Highlights

- An awesome company
- Join a winning team
- You can make a difference

Career Opportunities

- Opportunities for promotion
- Possibility for job training
- Learn new skills and techniques

About Our Company

KBZ Bank
THE STRENGTH OF MYANMAR

**Winner of EUROMONEY Award for Excellence consecutive years 2014, 2015, 2016: Best Bank in Myanmar**

Kanbawza Bank (KBZ Bank) Limited, part of the KBZ Group of companies, is Myanmar's largest bank. Established in 1994 in Taunggyi, initially the bank catered the local area and in 1996, after present management acquired the organization, the group expanded to become Myanmar's largest financial institution, currently employing over 17,000 people.

KBZ Bank is part of the KBZ Group, one of Myanmar's largest and most successful conglomerates. The Group has a proven track-record of operating according to industry best practices, as recognized in 2014, when the Myanmar Centre for Responsible Business awarded the KBZ Group of Companies as the most transparent company in the country. It is the first Myanmar bank in history to have International Representative offices in Thailand, Singapore and soon Malaysia.

Purpose
We are driven by a simple aim. As the largest Bank in Myanmar, we are committed to enhance the quality of lives of the people in Myanmar, through financial inclusion. And in that becoming the Best Managed Bank in the World! Join us in this journey to positively impact the community and the nation.

Fulfilling Career – Today and Tomorrow
We put the emphasis on individual responsibility, opportunity and autonomy. We encourage growth through continuous on-the-job development and a fast paced environment that will stretch and build your expertise daily. We encourage our people to view their career as a journey; to think not about a vertical career ladder, but a long-term aspiration to broaden their exposure or deepen their skills over time. We would like to build the Bankers of Tomorrow for Myanmar!

Personal Challenge
We put the emphasis on individual responsibility, opportunity and autonomy. We encourage growth through continuous on-the-job development and a fast paced environment that will stretch and build your expertise daily. We encourage our people to view their career as a journey; to think not about a vertical career ladder, but a long-term aspiration to broaden their exposure or deepen their skills over time. We would like to build the Bankers of Tomorrow for Myanmar!

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Experience level

Manager

Job Function

Accounting, Finance

Min Education Level

Bachelor Degree

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