Business Audit Specialist (Virtual Banking)

About the role:

As a Business Audit Specialist, you will provide independent assurance and advisory services over BankX's business operations, digital banking products, risk management processes, customer journeys, and regulatory compliance activities.

You will leverage data analytics and AI-enabled auditing techniques to evaluate business risks, perform continuous monitoring, and optimize audit effectiveness. The role requires strong business acumen combined with the ability to review and challenge AI-assisted audit outputs to ensure audit conclusions remain objective, reliable, and aligned with professional standards.

Key Responsibilities:

Business & Operational Audit

• Conduct risk-based audits covering digital banking operations, lending, deposits, payments, customer onboarding, financial crime compliance, outsourcing, and support functions.
• Assess governance, operational effectiveness, and control design across key business processes.
• Evaluate the effectiveness of risk management, compliance, and internal control frameworks.
• Review adherence to BOT regulations, consumer protection requirements, AML/CFT obligations, and internal policies.

Virtual Banking & Digital Business Assurance

• Audit end-to-end digital customer journeys and virtual banking services.
• Assess controls over digital products, customer experience, fraud prevention, and operational resilience.
• Evaluate risks arising from partnerships, fintech ecosystems, and third-party service providers.

Data Analytics & AI-Enabled Auditing

• Apply data analytics techniques to identify trends, anomalies, and emerging risk indicators.
• Perform population testing and continuous auditing through SQL, Python, dashboards, and analytical tools.
• Utilize approved AI tools for audit planning, risk assessment, process analysis, and workpaper preparation.
• Review, challenge, and validate AI-generated audit outputs before reliance or reporting.
• Support development of data-driven and automated audit methodologies.

Reporting & Stakeholder Engagement

• Develop concise, impactful audit reports and recommendations.
• Communicate business risks effectively to senior management and Audit Committee members.
• Follow up on audit findings and remediation activities.

Qualifications:

• Bachelor’s degree in accounting, Finance, Business Administration, Economics, Risk Management, Data Analytics, or related field.
• 3-7 years of experience in Internal Audit, Risk Management, Compliance, Operational Risk, or Regulatory Assurance.
• Experience in banking, digital banking, fintech, payments, consumer finance, or financial services preferred.
• Professional Certifications e.g., CIA, CPA, FRM, or equivalent certifications are advantageous.
• Strong understanding of banking operations, risk management, and regulatory requirements.
• Knowledge of digital banking products, customer lifecycle processes, AML/CFT, and consumer protection requirements.
• Proficiency in SQL, Power BI or data analytics tools, Python, and automation are advantageous.
• Practical understanding of AI/LLM technologies and their application in audit activities are advantageous.
• Ability to independently validate AI-assisted analyses and maintain professional skepticism.
• Strong collaboration and stakeholder management capabilities.
• Continuous learning mindset in emerging technologies, AI, cyber risk, and virtual banking.