Head of Internal Audit – Banking Institution – Nicosia, Cyprus

Job Overview

  • Qualifications ACA, ACCA, CPA, CFA
  • Position Other
  • Industry Banking
  • Experience 10+ Years
  • Contact Person Marina Nicolaou
  • Contact Email [email protected]

The Client: 

On behalf of our Client, a Banking Institution in Nicosia,  we are looking to recruit a Head of Internal Audit

 

The Position: 

The Head of Internal Audit will be responsible for developing and ensuring the implementation of the Annual Audit Plan.

 

Duties and Responsibilities: 

  • Preparing and submitting the Annual Audit Plan for approval to the BoD (through the BAC), which should be acting as a means of assessing the adequacy and effectiveness of the internal control framework
  • Ensuring that all activities of the Bank are audited at least once within an appropriate period of time
  • Developing and implementing an audit plan to be approved by the management body
  • Carrying out audit assignments on own initiative, through routine audits and special audits, both announced and unannounced, in all areas and functions of the Bank, including the Bank’s outsourced activities
  • Overseeing and ensuring successful employee on-boarding by providing training and development opportunities
  • Defining clear personal objectives, in line with the Bank’s strategy and departmental objectives
  • Maintaining an ongoing performance dialogue with team members through the effective use of Performance Management
  • Developing an Internal Audit Charter which shall include the purpose, standing and authority of the function and periodically being reviewed and approved by the management body.
  • Defining procedures for the coordination of the internal audit function with the external auditor
  • Reporting to the BoD through the BAC, at least on a quarterly basis, as well as providing recommendations for addressing any weaknesses identified
  • Preparing and submitting an annual report to the BoD, within two months from the end of each year, through the BAC, which will also be copied to the chief executive
  • Interacting with the Central Bank (CBC), ensuring covering the following topics, based on the results of the assessments
  • Monitoring and ensuring adherence to internal policies, practices and procedures
  • Overseeing and ensuring adherence to local and international regulatory requirements
  • Ensuring the timely reporting of any discrepancies/cases of non-compliance to the appropriate individual

 

Skills/ Qualifications/ Experience: 

  • Holder of a Professional Accounting Qualification such as Chartered Accountant (ACA) / Certified Accountant (ACCA) / Certified Public Accountant (CPA) / Certified Internal Auditor (CIA)
  • At least 10 years of relevant experience, including 5 years in an internal audit function of a banking institution.
  • Excellent knowledge of Greek and English languages, both verbal and written
  • Computer literacy
  • Knowledge of flexcube banking software and relevant local and international regulatory requirements (e.g. on compliance, anti-money laundering, information security and risk)

 

Location: 

The position is for our Client’s offices in Nicosia, Cyprus

 

Remuneration: 

An attractive remuneration package will be offered to the successful candidate based to qualifications and experience.

 

TO APPLY CLICK HERE

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