The role holder would be responsible for managing the entire audit of value centers and functions including risk assessment, evaluation of control effectiveness and ensuring compliance with regulatory requirements and KBZ’s policies and procedures.

• Determine the scope, risk, and frequency of Internal Audit activities in identified value centres and functions in consultation with Functional Audit Head and Head of Internal Audit
• Provide inputs on the risk based internal audit plan on a periodic basis to the Functional Audit Head
• Suggest/ recommend necessary amendments in policies and procedures in line with business and department needs and ensure that any amendments to the policies are complied with
• Plan and develop the overall internal audit program for the audit assignment and delegate the work to supervisors accordingly
• Draw up a risk matrix of inherent, control and residual risks in consultation with the Superiors
• Supervise and review audit activities for branches and get varied analysis performed with the help of Data Analytics team to identify gaps using different scenarios
• Address the concerns raised by Quality Assurance Manager (if any) and ensure implementation of recommendations provided by them
• Guide the team in selection, development, and assessment of the suitability of processes, formats, frequency and conduct of audit and reporting
• Discuss, verify and obtain agreement on audit findings, impact and audit recommendation with Value Center General Managers (VCGM) and Functional Heads and finalize the audit reports
• Guide the team to investigate and determine causes of irregularities/ errors and recommend corrective actions and improvement opportunities
• Implement a tracking system to follow up on the open issues to validate the remedial actions put in place and escalate if required
• Review and approve travelling allowance / expenses for the functional audit team
• Provide Functional Audit Head with regular progress reports and information in an accurate and timely manner and/or as requested
• Ensure proper audit documentation and audit files / work papers are maintained by the team
• Conduct regular meetings with value centre and function heads to understand additional risks / new developments of the Bank and assess its impact on audit priorities and/or plans
• Maintain accurate and timely communication of necessary information to other team members and functions
• Build effective working relationships with other functions and employees conducive to positive collaborations and team efforts that contributes to bank’s overall success
• Keep abreast of new developments, methods and techniques in banking industry
• Drive a performance-based culture in the team by timely monitoring, review of performance parameters and feedback to the team members
• Obtain regular updates from the team on progress on audits

• 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. Preferred with qualifications such as ACCA, CIMA, CFA, CPA, CA, CIA and CISI.
• Fundamental knowledge of audit software and banking software that may be used by the Bank
• Minimum 7 years of experience in a financial institution with at least 3-4 years in internal audit/ risk/ compliance (Team management experience for 3-4 years)
• Strong knowledge of standard audit practices and ability to apply them;
• Good investigative skills and attention to details
• Good knowledge of financial and operational audit; including bank or financial institution policies and procedures;
• Ability to monitor implementation of the internal audit program for a bank and lead and manage audit teams;
• Ethical standards and integrity in both their personal and professional dealings;
• Strong communication skills: English/Burmese language (Written and spoken)
• Advanced level of Microsoft Office (Word, Excel, Power point, Outlook)