Internal audit

Banking

2.10.1 Internal audit

Description of role

Responsible for helping bank accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance process.

Core skills

Knowledge of Internal audit standards
Knowledge of general accounting systems, control process and practices
Ability to evaluate and report risk on internal controls deficiencies and risk identification
Knowledge of preparing audit risk assessment, audit plans and reports
Ability to provide objectives and unbiased recommendations in terms of both efficient and effective performance
Knowledge and experience in providing support to compliance and risk functions in their initiatives
Ability to review the adequacy and effectiveness of management controls and identify gaps and recommend compulsory controls where required
Knowledge of problem-solving skills and clear logical thinking
Knowledge and ability to provide reasonable assurance that risk management, control, and governance systems are functioning as intended by the organisation

Qualification and/ or certification

QFSQF Level 3
CPA / CMA / CIA / ACCA or equivalent qualifications would be useful
Relevant experience

Industry knowledge

Knowledge of Islamic banking and products
Knowledge of banking operations, process and systems.

Regulatory compliance of role

Knowledge of banking regulatory framework.

Types of Cookie	What do they do?	Do these cookies collect my personal data / identify me?
Necessary	These cookies are essential to make our website work correctly as they enable you to move around our website and use our features. Examples include remembering previous actions (e.g. entered text) when navigating back to a page in the same session.	These cookies do not identify you as an individual. If you do not accept these cookies, it may affect the performance of the website, or parts of it.
Performance	These cookies help us understand how visitors interact with our website by providing information about the areas visited, the time spent on the website, and any issues encountered, such as error messages. This helps us improve the performance of our website.	These cookies do not identify you as an individual. All data is collected and aggregated anonymously.
Functionality	These cookies allow our website to remember the choices you make (such as your user name, language or the region you are in) to provide a more personalized online experience.	The information these cookies collect may include personally identifiable information that you have disclosed, such as your username (without password) or profile picture. We will be transparent with you about what information we collect, what we do with it and with whom we share it. If you do not accept these cookies, it may affect the performance and functionality of the website and restrict access to content on the website.
Targeting/Advertising	These cookies are used to deliver content that is more relevant to you and your interests. They may be used to deliver targeted advertising or to limit the number of times you see an advertisement. They also help us measure the effectiveness of advertising campaigns on QFCA and non â€“QFCA websites. We may use these cookies to remember websites you have visited and we may share this information with other parties, including advertisers and our agencies.	Most types of these cookies track consumers via their IP address so may collect some personal identifiable information. For more information about these cookies, including the information they collect and how this is used, click here.