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    Job Description Assignment

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    Yamin Kyaw (Lin Lin)
    Assignment

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    © All Rights Reserved
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    Job Description Assignment

    Uploaded by

    Yamin Kyaw (Lin Lin)
    2 views3 pages
    Assignment

    Copyright

    © © All Rights Reserved

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    DOCX, PDF, TXT or read online from Scribd

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    Assignment

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2 views3 pages

    Job Description Assignment

    Uploaded by

    Yamin Kyaw (Lin Lin)
    Assignment

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    As the Deputy Director of Internal Audit at a bank, it is my job to make sure that the internal audit unit

    does a good job of checking the institution's risk management, governance, and control processes. This
    job calls for a unique mix of leadership skills, professional knowledge in auditing and finance, and a deep
    understanding of the banking industry's rules and best practices. I help run the internal audit
    department, plan and carry out audits, and report to top management and the audit committee what
    we find. This article goes into more detail about what a Deputy Director in a bank's Internal Audit
    Department does and how they do it.

    Job Description

    The purpose of this job is to help the Director of Internal Audit run and direct the internal audit activities
    and make sure they are in line with the bank's goals. You will also be responsible for giving the audit
    committee and senior management independent assurances about how well the bank's risk
    management, control, and governance processes are working.

    As part of the auditing process, this job may require travel to different branches or operating sites. The
    main office of the bank is where the person in this role usually works.

    Key Responsibilities

    Leadership and planning for the future:

    Work with the Director of Internal Audit to make and carry out the strategic plan for the internal audit
    department.

    It is your job to help make the yearly audit plan based on your analysis of the risks the bank faces.

    Help come up with audit policies, procedures, and methods and make sure they meet regulatory
    requirements and business standards.

    Audit Management and Execution:

    Watch over the planning, execution, and reporting of internal audits to make sure they are done
    correctly and in line with the bank's rules and standards.
    Look over the audit staff's workpapers, results, and reports to make sure they are accurate and
    consistent.

    Always make sure that audits are finished on time and on budget.

    Compliance and Risk Assessment:

    Take part in the bank's risk assessment processes, helping to find and analyse threats to the bank's goals
    and making sure that they are properly reflected in the audit plan.

    Watch for changes in laws, rules, and best practices in the industry that could affect the bank and make
    sure the audit plan and procedures are changed to reflect these changes.

    Make sure that the audit function follows all rules and regulations set by the company.

    Communicating with and involving stakeholders:

    Clear and concise reports on audit findings, implications, and suggestions for change should be sent to
    the audit committee, top management, and external auditors.

    Build positive, professional relationships with management and outside groups, and be a go-to person
    for advice on risk and control issues.

    Developing and leading a team:

    Lead, manage, and grow the internal audit team while promoting a culture of ethics, high performance,
    and ongoing learning.

    Make sure that staff inspectors get the right training, coaching, and chances to grow professionally.

    Always Getting Better:

    To make the audit role more efficient and effective, encourage the use of technology and data analytics.

    Use best practices and new ways of doing things when you do internal audits.

    Specific Duties
    Manage and oversee complicated audit projects, such as IT, operational, financial, and compliance
    reports.

    Check to see how well the bank's internal control system handles risks and helps the bank reach its
    goals.

    Oversee the follow-up on audit results to make sure that management takes the necessary steps to fix
    things as soon as possible.

    Take part in committees and meetings with top management to share your thoughts on audit results
    and the overall risk environment.

    Take on any special projects or investigations that the audit committee or top management asks y

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