Senior Internal Auditor

The role involves conducting risk-based audits within the banking sector, focusing on evaluating internal controls and assessing the effectiveness of governance, risk management, and compliance frameworks. The incumbent will perform detailed testing of Internal Control over Financial Reporting (ICFR) and Internal Control Systems (ICS) to ensure adherence to regulatory standards and enhance operational efficiency. This position demands a strong background in internal audit practices, with the ability to independently identify risks, assess controls, and recommend actionable improvements.

Key Responsibilities:
- Execute risk-based audit assignments across various banking functions to identify and mitigate risks.
- Evaluate the effectiveness of internal controls, governance processes, and risk management frameworks.
- Conduct thorough ICFR and ICS testing, documenting audit findings accurately.
- Identify control gaps and provide practical, actionable recommendations for improvement.
- Prepare comprehensive audit reports and monitor the implementation of agreed-upon action plans.
- Collaborate with stakeholders to ensure compliance with both regulatory requirements and internal policies.

Required Qualifications:
- 4 to 6 years of relevant experience in Banking Internal Audit.
- Hands-on experience with ICFR and ICS testing methodologies.
- Proven expertise in conducting Risk-Based Internal Audits (RBIA).
- Professional qualifications such as CA (Part Qualified or Finalist), ACCA, CIA, MBA, or equivalent.
- Strong analytical skills, excellent communication abilities, and proficiency in audit report writing.
- Demonstrated capability to independently assess controls, identify risks, and recommend solutions.
- Stable career history with a preference for candidates having 2 to 3 years tenure in previous roles.

Preferred Qualifications and Additional Information:
- Experience in leading audit assignments or supervising audit teams will be considered an advantage.
- The position is based in Karachi and falls under the Group Internal Audit department within the Banking/Financial Services industry.

This role offers an opportunity to contribute significantly to the bank’s internal control environment and risk management effectiveness, ensuring compliance and operational excellence.