Audit Manager (Section Head)

People

• Maintains effective working relations with auditees by constantly reminding team members to be polite/ diplomatic in the conduct of audit, and proper scheduling of work so as not to hamper the auditees flow of operations.

• Assist the IA Head in preparing the department’s training roadmap for Audit Staff.

• Rates the performance of subordinates under his/her supervision, subject for review of the Audit Head.

• Act as mentor to the junior auditors in the performance of their job.

Risk-Based Planning & Control Assessment

• Assists the IA Head in the conduct of annual risk assessment to determine audit prioritization for the coming year.

• Ensure completion of the department’s approved Audit Plan for the succeeding year.

• Lead the Audit Team in the conduct and completion of risk-based audit covering branches and select HO Units including the preparation of individual audit planning memo and selecting samples for review.

• Review and design the Audit Program Guide (APG) to be used in the conduct of audit covering Head Office Units and ensure that the programs are timely updated for IA Head’s review prior start of fieldwork.

• Administers the internal auditing activity of the Audit Section and determines direction and thrust of audit efforts in identifying the key risk areas of credit/lending units/departments, and operating Units during audit engagements.

• Participate in bank operations or working committee meetings either as alternate member of the Audit Head or resource person as often as maybe directed by the Internal Audit head.

• Supervise the operations/process audit of lending units which covers compliance to credit policies from credit initiation, documentation, release, loan administration, collection, problem recognition, loan renewal, remedial action/management, to credit organization and staffing ( Alternate/Back-up )

• Reviews audit finding worksheets and corresponding working papers for scope, accuracy and conformity to plans aligned with IPPF Standards; discusses with team and evaluates exceptions noted prior to submission to the IA Head and discussion with the auditee.

• Presents the audit findings and observations to the Auditee Management; identifies the root cause, points out the risks/ implications as well as operational deficiencies; recommends corrective action and suggests remedial measures and applicable techniques to improve performance.

• Render spot decisions while on field audit, if necessary;

• Reviews audit reports prior to submission to the Audit Head;

• Attends to audit exit meeting/discussion with the audit team.

• Apprise the Audit Head of the Sections performance against plans/target and reports justification on performance deviations, if any;

• Review and monitor status of resolution of audit issues noted/raised on engagements conducted on a monthly basis.

Others

• Introduce work rationalization/improvements to maximize audit efficiency and effectiveness.

• Performs such other duties that may be assigned from time to time.