Head of Credit Audit Unit

Job Purpose

This position it to manage credit related audit which it is very crucial for the Bank ensure the efficiency and effectiveness of the credit process and operation.

Location

• Head Office, Phnom Penh (01 post)

Duties and Responsibilities

• Annually update Credit Audit Procedure by using risk-based approach to ensure all high risks are covered.
• Lead Credit audit team
• Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives.
• Identify and document inherent risks and controls within the business processes.
• Participate in opening meetings with partner to explain the scope and objectives of the audit engagement to partner and provide an overview of all steps in the audit process.
• Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology
• Perform audit tests and prepare working papers in accordance with professional IIA standards
• Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives.
• Identify and document control and process weaknesses and provide evidential support for findings
• Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies
• Organize and reference work papers for review by Manager, Internal Audit
• Participate in closing meetings with client at the end of fieldwork, providing clear explanations for identified issue.
• Ensure that the audit reports findings are clear, accurate, and recommendations are sufficient and appropriate
• Draft/review the Internal audit report within the given scopes in timely manner and assure of accuracy before sending to line Manager.
• Send the final draft report to direct supervisor in timely basis
• Support branch audit department to review audit program ensuring consistent risk focus between head off audit credit and branch audit credit.

Skills and Qualifications

• Bachelor’s or master’s degree in Finance and Banking, Accounting, Law, or relevant field.
• Minimum of five years of experience in internal and/or external auditing in the financial industry and good credit business/management knowledge.
• Proficient understanding of audit concepts, risk, and control analysis, and analyzing root causes of problems as well as an understanding of best-in-class audit methodologies i.e., IIA Standards, COSO Framework, COBIT Framework.
• Strong knowledge of banking business operations, risk management, regulatory environment, internal controls over financial reporting (ICFR), and IT environment.
• Ability to analyze data and make a diagnosis and solve complex problems and demonstrate innovation.
• Proven experience of leading and motivating teams as well as delivering transformational and cultural change
• Strong leadership skill, result oriented, interpersonal skill, project management skill, and sound independent judgement
• Proficiency in MS Office i.e., Word, Excel, PowerPoint, Visio, Outlook, experience with other software application is a plus
• Experience in delivering a high-level presentation to various kinds of audience
• Committed to self-development and develop others · Bilingualism (spoken/written) Khmer and English, essential

How to apply