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Assistant Vice President - Internal Audit
Location:Mackey Street Head Office
Job Type:Audit
FT/PT Status:Regular Full Time
  

Major Responsibilities:
The Assistant Vice President, Internal Audit is responsible for coordinating the day-to-day execution of the internal audit function in keeping with the internal audit governance and risk management framework and best practices.

Core Responsibilities include:
Audit Planning, Execution & Reporting

  • Assists with the development of the annual internal audit planning and budgeting process in collaboration with other stakeholder groups.
  • Provides guidance and support on audits and promotes different audit techniques to maximize effectiveness.
  • Presents to the Executive and Audit & Risk Committees on audit findings, as required.
  • Provides advice to business leaders in collaboration with other stakeholders about appropriate business controls for new processes, fraud risks and controls.
  • Guides the remediation of material weaknesses and control failures.
  • Develops recommendations for changes or adjustments to policies and procedures to ensure alignment with industry standards.
  • Assists with establishing the Internal Audit Department's policies and procedures.
  • Trains, coaches and supports the development of personnel including setting performance criteria and conducting performance appraisals and facilitating annual training seminars.

Qualifications, Skills and Experience:
  • At least 10 years’ experience within an internal or external audit function within a similar or related industry of which three years is at the senior management level.
  • Postgraduate degree in Business Administration (Finance specialization), Accounting or equivalent qualification from a recognized tertiary institution; or Professional internal audit or related qualifications (CIA, CFE, CFSA, CBA, CPA).
  • Advanced understanding of financial reporting and internal audit best practices and standards.
  • Knowledge of the Bank's and Board governance standards and practices.
  • Effective time management and prioritization skills.
  • Understands the interdependencies of the Bank's systems and processes.
  • Advanced knowledge of the IDEA data analytics software.
  • Advanced knowledge of TeamMate software.
  • Understanding of the Bahamas Financial Services Acts and Regulations.

Personal Attributes:
  • Excellent written and oral communication skills.
  • Strong negotiating, conflict mediation and presentation skills.
  • Sound problem-solving and decision-making skills.
  • Strong skills in root cause analysis and risk management assessment.
  • Knowledge of risk management practices and standards.
  •  Results driven.
  •  People and relationship management capabilities.
  • Integrity, creditability and confidentiality.

Remuneration Package:
Commonwealth Bank is a great place to work! We offer an exciting work environment with the opportunity for growth and development. We also offer a competitive compensation package, reflecting the successful applicant’s experience and qualifications, including a performance-based incentive plan, health, vision, dental and life insurances and a pension plan.