The Bank of Punjab is one of the fastest growing Banks in Pakistan with its profound existence of over 33 years. It operates through a network of 715+ real-time online branches and 650+ ATMs across the country. The Bank has established a strong foundation while offering premium banking services with 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 position in its Internal Audit Function. The following job profile offers excellent opportunity for the right candidates desirous of building a long term career in a dynamic organization: 

Grade: EVP/SEVP

Location: Lahore 

Job Summary:   

Leadership & Strategic Management 

  • Lead the development and implementation of risk assessment and Annual Audit Plan to be presented to Board Audit Committee for Approval. 
  • Approve Internal Audit Operational Plan and monitor its execution within timelines. 
  • Change management to make internal audit an independent function to improve corporate governance of the bank at branch and grassroot level. 
  • Create a collaborative relationship with line and business managers to develop a partnership between audit and business to help develop a fraud free, well controlled and standardized operating environment. 

Review and Assessment of control systems 

  • Review, assess and test/evaluate key control systems to eradicate fraud in the bank and provide assurance of operational and technical efficiency at corporate level. 
  • Keep abreast of legislative issues, new audit regulations / trends and appropriate audit direction / methodology. Discuss updates of new regulations with President & CEO and Board Audit Committee (BAC) and relevant Group Chiefs/Group Heads. 

Risk Assessment 

  • Identify and evaluate risks to the organization arising from its business activities, through audit findings, assessment and evaluation. Provide opinions and viable solutions on the same to management, on an ongoing basis. 
  • Implement effective Risk Assets Review Framework in the bank and highlight key Risk Areas of Credit & Risk Management.   
  • Review report forwarded by regional and divisional audit teams on the findings of irregularities and gaps in Bank’s operations and activities. 

Advisory and Reporting 

  • Provide consultancy to various business groups and functions during new product development/ market expansion and process workflow improvements to review, determine and build internal controls. 
  • Appraise Board’s Audit Committee on the significant findings of audit assignments and achievement of Annual Audit plan. 
  • Respond to queries and discuss significant and unresolved issues with reference to compliance with the SBP inspection team during on-site inspection for ensuring a smooth audit. 
  • Liaise with the external auditors in order that both external and internal audit functions could be carried out efficiently and effectively with minimum duplication of efforts. 
  • Keep abreast Board Audit Committee (BAC) / Chairman BoD about significant issues / exceptions with management response thereto in periodic meetings.

Communication and Team Building  

  • Maintain regular communication with the senior members of the 
  • Internal Audit Group and keep them abreast with various decisions 
  • / discussions with BAC / BOP Management that may require changes in various Operational Audit Plans. 
  • Communicate with the management about high priority issues and their resolution in a way to add value to the organization. 
  • To act as point person for Whistle Blowing Policy and to evaluate and decide course of action to proceed accordingly. 
  • To develop the resource of Audit in a way that their acceptability be ensured across the Group and in this regard provide necessary trainings and opportunities to enhance their skills. 
  • Interact with audit staff for assignment status, findings, operational plans, facilitation and other administrative issues, if any. 
  • Manage and oversee team’s performance through performance planning, coaching and performance appraisals.

Basic Eligibility Criteria:

Qualification: Minimum Master’s degree in Business/Finance or equivalent from HEC recognized/Foreign University or member of a recognized body of professional accountants or relevant certification holder (CIA, CFE, CICA etc.)

Age: Upto 55 years as of December 20, 2022.

Experience: Minimum 15 years of relevant banking/financial institution experience including 05 years at senior managerial role in a similar function. 

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, Transgenders, minorities and PWDs are encouraged to apply.

Individuals fulfilling the above-mentioned criteria are encouraged to apply online through bop.rozee.pk latest by December 20, 2022

Job Details

Total Positions:
1 Post
Job Shift:
First Shift (Day)
Job Type:
Department:
Internal Audit Function
Job Location:
Gender:
No Preference
Minimum Education:
Masters
Degree Title:
Minimum Master’s degree in Business/Finance or equivalent from HEC recognized/Foreign University or member of a recognized body of professional accountants or relevant certification holder (CIA, CFE, CICA etc.)
Career Level:
Experienced Professional
Minimum Experience:
15 Years (Minimum 15 years of relevant banking/financial institution experience including 05 years at senior managerial role in a similar function.)
Apply Before:
Dec 21, 2022
Posting Date:
Nov 18, 2022

Work Environment

Supervisor’s gender:
Either
Percentage of female coworkers:
1-9%

The Bank of Punjab (BOP)

Banking/Financial Services · More than 5000 employees - Lahore

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.

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