Regional Head - Operational Audit

The Bank of Punjab is one of the fastest growing Banks in Pakistan with profound existence of over 35 years. It operates through a network of 850+ real-time online branches and ATMs across the country. The Bank has established a strong foundation while offering premium banking services with a major focus on unsurpassed value-added services for its customers through advanced solutions.

In line with the Bank’s progression strategy, we invite applications from experienced, dedicated and performance-driven professionals for the following positions in Internal Audit Function, Gulberg Lahore. The following job profile offers an excellent opportunity for the right candidates desirous of building a long term career in a dynamic organization:

Grade: VP-I to SVP

Location: Karachi

Job Summary / Major Responsibilities:

The position is responsible for annual planning, allocating audit resources, overseeing performance and completion of audit assignments within budgeted time and financial budget. Ensuring communication with Auditee management, maintaining report quality, managing documentation. Additionally, it involves coaching teams, suggesting improvements, and preparing reports for senior management.

In addition to the above the ideal incumbent will be responsible to:

Assist Head Operational Audit in annual planning of operational audit plan.
Perform the Audit Engagement Planning and Sampling Matrix for each audit assignment, utilizing OBIEE to gather relevant reports. Subsequently, the engagement plan and sampling matrix will be provided to the team manager the day before commencing the audit of branch or office.
Allocate resources based on the risk profile of the auditable entity and oversee the overall performance of the engagement to ensure its successful completion within budgetary limits and approved people- days. Additionally, monitor staffing requirements and schedules to ensure optimal utilization of audit resources.
Facilitate communication with management to enable discussion on their concerns on audit engagements through conclusion meetings as per prevailing protocols.
Ensure pre-release quality of Audit Reports, Rating Models, Management Letters and working paper files. Ensure that required audit findings have been reported therein and approve the reports along with the Team Manager for issuance and calculate audit rating and recommend to HOA for review.
Ensure that the working paper files are adequately prepared for archiving and that all assignments have been fully uploaded into the Audit Management System.
Review assignments on timely basis and ensure that issues identified have been adequately reported / escalated.
Coach audit teams on ongoing basis to clarify their understanding on Audit Methodology and to keep them abreast with the recent developments. Identify training needs of staff on ongoing basis.
Review policies and procedures / HO instructions issued from time to time with respect to control effectiveness and alignment of these with instructions/directions issued by the regulator and with other applicable laws and regulations.
Assess and suggest changes/amendments/updates in Audit Checklists /Audit Manual consequent to developments in various controls, procedures, products and policies.
Prepare periodic monthly and quarterly Reporting Package for line management and to report significant issues noted during internal audits for HOA with updates as to Management Action.
Maintain financial/ man-power budget and to seek confirmation/ approval of breaches as per approved hierarchy.

Qualification: Minimum Bachelors/MBA/M.Com./MSc in Accounting/ Finance/ Mathematics/ Statistics/CFAP/CAF/CA/CIA from any HEC Recognized University. Certification in relevant field will be plus.

Experience: Minimum 08 years of experience in Commercial Bank out of which 03 years must be with an Internal Audit Function of a Bank.

Age: Not more than 55 Years as of July 12, 2024.

Important Note:

a) Only shortlisted candidates shall be called for interview. No TA/DA will be admissible.

b) The Bank of Punjab reserves the right to accept or reject any application(s) without assigning any reason(s) thereof.

c) The Bank is an equal opportunity employer. Females, minorities and PWDs and Transgender are encouraged to apply.

Individuals fulfilling the above mentioned criteria are encouraged to apply online through BOP career portal bop.rozee.pk Latest by July 11, 2024.

Skills

Audit Management System Rating Models Quality Reports Audit Engagement And Planning Operational Audit

Job Details

Industry:

Banking/Financial Services

Functional Area:

Quality Assurance (QA)

Total Positions:

1 Post

Job Shift:

First Shift (Day)

Job Type:

Full Time/Permanent

Department:

Internal Audit Function

Job Location:

Karachi, Pakistan

Gender:

No Preference

Minimum Education:

Bachelors

Degree Title:

Minimum Bachelors/ MBA / M.Com / M.Sc in Accounting / Finance / Mathematics / Statistics/ CIA/ CFAP/ CAF / CA etc. from any HEC Recognized University or equivalent. International Certification in Internal Auditing will be preferred.

Career Level:

Experienced Professional

Minimum Experience:

8 Years (Minimum 08 years of experience in Commercial Bank out of which 03 years must be with an Internal Audit Function of a bank.)

Apply Before:

Jul 13, 2024

Posting Date:

Jun 28, 2024

The Bank of Punjab (BOP)

Banking/Financial Services · More than 5000 employees - Karachi

The Bank of Punjab was established in 1989 under The Bank of Punjab Act, 1989 passed by Provincial Assembly of the Punjab, as a non-scheduled Commercial Bank with majority shareholding of Government of the Punjab. The Bank earned the status of a scheduled Commercial Bank in 1994 and currently carries a vast network of over 620 online branches, strategically located across the Country along with an ATM network of over 550 offering 24/7 banking services to its diverse clientele of over 2 million. Since its inception, the BOP has seen many ups and downs and has also successfully weathered the waves of economic volatility, recessions and stiff market competition over the years. Current strong network base coupled with solid capital structure and phenomenal financial results posted during last few years has transformed the Bank to one of a leading financial institution of the Country. Now, the Bank standouts among peer group as a robust and rapidly growing commercial Bank. Besides offering a range of products and services to meet the modern days’ banking requirements of its clients, the Bank has also established its footprint in the areas of consumer financing, agriculture credit, corporate & investment banking, cash management and alternative delivery channels. While achieving the objective of financial inclusion through its presence in remote and unbanked areas of the Country with HarFardKaKhayal the Bank is playing its due role in the economic growth of the Country through its various specially tailored and designed products and services.