Internal Auditor

I. General Purpose

Under the direct supervision of the Internal Audit Head, responsible for developing and carrying out all financial audit-related and credit-related engagements of Enterprise Bank Inc. within the framework of audit work program and recommends necessary actions for improvement; He/she ensures that all strategic/high risks audits identified in the annual audit plan are completed to a professional standard and contribute to ensuring the effective governance arrangements of the Bank.

II. Specific Responsibilities

A. Primary Responsibility

1. Carry out high profile risk-based audits, challenging assumptions and ensuring transparency, makes sure that audit is considered a constructive experience, enabling managers and staff to enhance their performance. This will involve in coming up with innovative solutions to issues that add value to the authority, identify best practice and offer value for money;

2. Establishes and communicates audit plan to the Junior Internal Auditors to ensure audit activities are synchronized and achieved within a specific time and budget; highlights significant issues/risks to the Head of Internal Audit that should be included in the annual audit plan;

3. Conducts initial meeting with the concerned department’s Head before the start of the engagements;

4. Supervises bank wide audit engagements of subordinates to make sure that the progress of the audit assignments are according to the established plan;

5. Regularly submits audit progress report to the immediate superior for updates;

6. Reviews completed audit reports and findings of Internal Auditors; provides analysis and recommendations for improving internal controls and operating efficiency prior to submission to the Internal Audit Head;

7. Follows-up on the implementation of the audit recommendations from the internal clients/auditees and ensures that corrective actions are made to reduce bank’s identified risks;

8. Provides an effective consultancy service offering added value to Senior Management that identifies innovative, practical and best value options/solutions;

9. For financial review, verifies accounting books (branch wide) based on risk assessment from the subsidiary ledger to ascertain consistency in the report;

10. Consolidates (when applicable) the submitted working papers from Junior Internal Auditors on financial balances being audited;

11. Leads, directs and trains Junior Internal Auditors of their respective unit in audit issues and to direct them during the course of their own individual audits;

12. Exercises administrative control over the Junior Auditors which includes: attendance monitoring, deployment of auditors to handle particular assignment, and determines the need for additional manpower.

B. Credit Review

1. Performs a semi-annual unbiased assessment of the quality of individual credits and the aggregate credit portfolio, including appropriateness of credit risk rating, classification and adequacy of allowance for loan losses;

2. Prepares semi-annual Credit Review Report as to Appropriateness of Classification and Adequacy of provision on loan loss;

3. Reviews process to determine that credits are granted in accordance with the Bank’s policies and evaluates credit administration function and ensures that credit files are complete and updated, all loan approvals and other necessary documents have been obtained;

4. Prepares credit review work programs such as: Loans Operation narrative process flow, flow chart, risk matrix and risk prioritization for the timely execution of credit review engagement

5. Obtains required information through the bank system such as: loans reports which will form part of the final credit review report;

6. Consolidates and evaluates findings per engagement and suggest corrective actions for improving internal controls; submits said report to the immediate superior for further review and recommendations;

7. Conducts credit folder review and client’s visits (when applicable) to verify information.

Job Type: Full-time

Pay: Php18,000.00 - Php25,000.00 per month

Benefits:

• Additional leave
• Company Christmas gift
• Health insurance
• Life insurance
• Opportunities for promotion
• Paid training

Work Location: In person