We are seeking an experienced and strategic Head of Internal Audit to lead our audit team. This role requires a deep understanding of the Myanmar banking landscape, including Central Bank of Myanmar (CBM) regulations, and a commitment to fostering a robust control environment .

Key Responsibilities

Strategic Leadership & Planning

· Develop, review, and update the bank-wide Internal Audit Policy and Internal Audit Manual in alignment with Central Bank of Myanmar regulations .

· Formulate a risk-based annual audit plan by identifying, measuring, and prioritizing potential risks to the bank’s operations .

· Oversee the execution of audits across all branches and departments, ensuring alignment with the approved audit plan and compliance with the Central Bank of Myanmar regulations .

· Assess the adequacy and effectiveness of the bank’s internal control environment, risk management, and governance frameworks .

· Ensure audit coverage is sufficient to address key risks, including credit, operational, and compliance risks specific to the banking sector .

Reporting & Communication

· Prepare comprehensive audit reports detailing findings, root causes, recommendations, and management action plans .

· Conduct exit meetings with audited departments/branches to clearly communicate findings and discuss remedial actions .

· Regularly present summarized audit results and critical issues to the Board Audit Committee and Senior Management .

Compliance & Regulatory Review

· Evaluate the bank’s adherence to internal policies, as well as external regulations, including directives from the Central Bank of Myanmar (CBM) .

· Review the bank’s accounting processes for alignment with IFRS/IAS standards .

· Liaise with external auditors and regulatory bodies to maximize the effectiveness of the overall audit effort .

Qualifications & Requirements

Education

• Bachelor’s or Master’s degree, ideally in 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)
• Advanced level of Microsoft Office (Word, Excel, Power point, Outlook)
• Fundamental knowledge of audit software and banking software
• Thorough understanding of applicable laws including Myanmar Financial Institutions Law, regulations, directives, instructions and guidelines issued by the Central Bank of Myanmar
• Minimum 10 years of experience in a financial institution with at least 6-8 years in internal audit/ risk/ compliance;

• In depth knowledge of financial and operational audit; including bank or financial institution policies and procedures;