Internal Audit Associate
Internal Audit Department
Duties and Responsibilities:
- Perform transaction testing, document reviews, account validation, and operational compliance checks.
- Conduct risk-focused walkthroughs to understand controls and identify potential red flags or control gaps.
- Gather audit evidence and ensure completeness, accuracy, and proper documentation.
- Document all tests and results in alignment with RBIA methodology.
- Propose audit sampling based on initial analysis and endorse it to Audit Supervisor for review and approval.
- Review branch/HO reports, loan documents, and operational records.
- Analyze exceptions, discrepancies, and potential control lapses.
- Assist in identifying irregularities or fraud red flags.
- Identify control weaknesses, process gaps, fraud indicators, and risk exposures during fieldwork.
- Provide initial recommendations on mitigating operational risks.
- Prepare complete and well-organized working papers reflecting the RBA approach (risk assessment, control testing, results, and evidence).
- Draft observations, supporting evidence, and initial findings for Supervisor review.
- Ensure all audit documents are submitted on time and archived properly.
- Participate in structured training programs and skill-building activities.
- Support new hires by sharing field experience and assisting in basic tasks (peer coaching).
- Monitor new hires' audit quality, technical skills, and behavioral competencies.
- Demonstrate continuous learning and improvement to support team capability-building.
- Work closely with the Supervisor in completing audit engagements.
- Participate in investigative audits or ad-hoc assignments as required.
- Assist in entry and exit meetings with branch/HO personnel.
- Clarify audit issues and gather additional documents when necessary.
- Maintain professionalism and confidentiality during engagements.
Basic Requirements/Qualifications:
- Bachelor of Science in Accountancy, Finance, Business Administration, or related field.
- Minimum of 1-2 years of progressive experience in internal audit, operation audit, or branch audit.
- Experience auditing financial institutions or lending operations is preferred.
- Basic MS Excel, Word, PowerPoint.
- Basic Financial Analysis.
- Basic Risk Management.
- Basic Report Writing.
- Good communication skills.
