About the Role

The position is based in Port Moresby and reports to the Audit Manager. The incumbent must be able to undertake or direct procedures to determine whether the SBUs, BUs, Pacific Markets, subsidiaries and branches within BSP Group are performing their planning, accounting, custodial, internal controls, operational risk management, and compliance risk management practices in compliance with duly approved Management policies and procedures that are consistent with BSP’s strategic objectives and goals.

Key Deliverables

• Lead the risk-based audits. Ensure that planning, fieldwork, and completion activities are performed in line with IIA standards and documentation relating to planning, fieldwork and completion activities are completed and uploaded to IA’s Audit Software (Galileo) timely.
• Develop, in consultation with other Senior Audit Officers and Audit Managers, a suitable Audit Work Program for all auditable areas.
• Assess the auditee’s internal control framework (control environment, risk assessment, control activities, information and monitoring, and monitoring) by performing audit procedures (e.g. inquiry, inspection, observation, and re-performance).
• Efficiencies within the IA BU are identified by utilizing systems to replace manual efforts or enhancing processes to reduce service delivery times.
• Assist in developing, producing, and maintaining Computer Assisted Auditing Techniques (CAATs) to allow more efficient and effective audits, in consultation with the IT Audit Manager and Head of Group Internal Audit.
• Conduct special projects and investigations, as required and as directed by the Audit Manager. Liaise with other Audit Officers, where audit activities interface, to obtain assistance, where necessary, and to ensure a coordinated approach.
• Planning, fieldwork, and completing activities are completed within the timeframe agreed with the auditee and in line with the BACC approved Audit Plan.
• Conduct and lead progress meetings with the auditee (before, during, and after the audit or other engagement) to ensure timely execution.
• Coordinate and work with the auditees to ensure timely resolution of audit action items.
• Provide close supervision and coaching to Audit Officers.
• Assist in monitoring time and expenditure budgets for all audit and other engagements follow-up in all cases where time taken appears to be outside established standards and/or costs incurred are not within the budget.
• Review working papers and issue write-ups, which include detailed audit findings, implications, and recommendations) prepared by the Audit Officers.
• Reporting – Report audit action items and to make prescriptive recommendations for correcting unsatisfactory conditions, improving operations, strengthening internal controls, and reducing costs.

Essential Qualifications, Professional/Skills and Experience:

Experience

• A minimum of 5 years Banking experience or prior Internal or External Audit experience in the Banking or other Financial Institutions

Qualifications

• Business and Management (Banking & Finance, Business Management, Business Studies), and Economics.

Technical Skills

• Banking product and services knowledge – understanding of the underlying products or services to effectively audit.
• Banking regulatory knowledge – understanding of local laws and regulations related to BSP’s business.
• Risk management skills – understanding of risk management principles and their application.
• Problem solving skills – out-of-the box thinking, ability to identify issues and remediation plans.
• Microsoft Office – Excel, Word, and PowerPoint.
• Communication skills – verbal, written, and interpersonal skills.
• Project management skills – ability to plan, execute, and report.
• Leadership skills – team management, tasks allocation, coordination, conflict management.