Head Management Audits

Our client is a leading State Bank of Pakistan-licensed microfinance bank with a nationwide presence, committed to advancing financial inclusion and supporting the socio-economic well-being of underserved communities across Pakistan. The organization is seeking to appoint a Head Management Audits to provide independent, risk-based assurance and advisory oversight across head office functions, while leading audit teams and fraud examination activities.

• Manages the identification and evaluation of audit risk areas and provides significant input to the development of an enterprise risk-based annual internal audit plan. In collaboration with other unit heads and the head of audit, defines the Enterprise Internal Audit Plan.

• Execute the approved internal audit plan and complete all audit engagements for the units within the approved turnaround time.
• Manages the performance of audit procedures, supervises execution of audit engagement including review of documented supervision of the identification and definition of issues, development of criteria, review and analysis of evidence, and documentation of client processes and procedures.
• Manages and supervise the audit management and staff in conducting interviews, reviewing documents, developing and administering surveys, composing summary memos, and preparing working papers.
• Manages and supervise the internal audit management and staff in the identification, development, and documentation of audit issues, recommendations for improvement and design and approval of action plans.
• Directly manage/complete some internal audit engagement of advisory projects

• Drive recruitment of internal audit staff as per the approved org chart and necessary to accomplish the production targets. Ensure that auditors are trained in key areas of skills deficiencies and/or professional certifications and to maintain professional certifications.

• Perform audit engagements in accordance with the international standards & the approved audit methodology. Implement the process audit methodology (where applicable) and follow the three-tier audit process. Demonstrate how the audit engagement adds value by contributing to business objectives.

• Ensure that the results of internal audit, advisory & fraud examination engagements are adequately discussed with management at the required level and properly communicated via written reports and oral presentations on a timely basis. Implement the revised audit report structure and the rating criteria.
• Resolve disagreements on the audit findings to the extent possible. Escalate where disagreements are not resolved to the head of audit.
• Develops and maintains productive team-oriented client, staff, and management relationships through individual contacts and group meetings.
• Represents internal auditing when needed/requested on organizational project teams, at management and board meetings, and with external organizations.

• Assess the adequacy & effectiveness of implemented controls in detecting and/or preventing these malpractices (whether intentional or unintentional) as part of the audit engagements.
• Ensure that nature, timing and extent of the audit tests are adequate enough to uncover large scale control breaches that have or may result in fraud or other irregularity.
• Enhance the scope of audit of the business activities where the likelihood of occurrence of malpractices is high as determined by the audit.
• Participate in fraud investigation engagements if required by the head of audit.

• Complete the tasks assigned by the head of audit on various audit enhancement projects in a timely basis as communicated from time to time.

• Review the budget for the units assigned and monitor and report budget variances. Produce budget vs actual report on a monthly basis along with justification of major variances.
• Manage logistics and other tasks related to the audit engagements. Review expense reports and supporting details before presentation for approval. Ensure that related policies are complied with.
• Participate in various capacity building activities.

• Pursues professional development opportunities, including external and internal training and professional association memberships, and shares information gained with the co-workers.
• Stay updated with the latest professional pronouncements.

• 10+ years of related internal audit experience with a minimum of 5 years on senior position preferably Financial Institution.
• Must have knowledge and experience of data analytical skills, risk-based auditing, IFRS-9 and use of AI Tools.

Professional Qualified (ACA / ACMA / ACCA)

• Knowledge of Global Internal Audit Standards, IFRS, Local laws and other best practices framework.
• Team management, Ability to lead
• Excellent communication, interpersonal and presentation skills
• Ability to work under stress and committed deadlines
• Planning and organizing, work management (prioritizing), change management, ethical leadership