Quality Assurance Auditor

Overview

The Quality Assurance Auditor is responsible for overseeing and enhancing the quality and performance of the bank's internal audit function. This position is integral in ensuring that internal audit processes consistently meet the highest standards of quality and compliance, in alignment with regulatory requirements and internal policies. The auditor drives continuous improvement initiatives, identifies areas for enhancement within the audit function, and ensures the effectiveness of audit procedures.

Responsibilities include evaluating compliance with laws, regulations, and operating procedures, assessing the adequacy of procedures for asset protection, and advancing operational quality and efficiency. This role demands initiative, discretion, and independent judgment, particularly in matters of significant importance to the bank.

• Oversees the internal audit quality assurance program to ensure audits are performed in accordance with internal audit standards and industry best practices.
• Develops and implements methodologies, tools, and procedures to monitor and assess the quality of internal audits.
• Conducts regular quality assessments of audit engagements, identifying areas for improvement.
• Ensures that all audit activities comply with regulatory requirements, professional standards, and internal policies.
• Coordinates with regulatory bodies during inspections and audits.
• Prepares and presents QA reports to senior management and the Audit Committee.
• Communicates audit findings, quality issues, and recommendations for improvement to the internal audit team.
• Acts as liaison between internal audit and external auditors/regulators.
• Identifies and implements best practices in audit quality assurance.
• Develops and delivers training programs to enhance the skills and knowledge of the internal audit team.
• Drives initiatives to enhance the effectiveness and efficiency of audit processes and methodologies.
• Collaborates with the quality assurance team at head office to ensure alignment between audit activities and the bank's overall audit strategy.
• Contributes to the identification and mitigation of risks associated with the audit function.
• Assesses the effectiveness of audit tools and technology used in the audit process and recommends improvements as necessary.
• Engages with various internal stakeholders to understand their perspectives on audit quality and incorporate their feedback into quality assurance activities.
• Tracks and reports on key quality metrics and performance indicators related to the internal audit function.

• 5-7 years of experience in internal auditing, audit quality assurance, or a related field.
• Demonstrated experience in assessing audit processes, ensuring compliance, and implementing quality improvement initiatives.
• Strong analytical and problem-solving skills with a keen attention to detail.
• High level of initiative, discretion, and independent judgment.
• Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.
• Strong organizational skills with the ability to drive initiatives and collaborate across teams.
• Proficient in fact-finding, analysis, problem-solving, and decision-making.
• In-depth knowledge of regulatory requirements, risk frameworks, and guidelines governing credit, liquidity, interest rate, and fiduciary risks.
• Commitment to continuous professional development and staying updated on emerging trends and changes in audit standards and regulations.
• Advanced PC skills, including working knowledge of Team Mate, Microsoft Word, and Excel.
• Experience in creating process documentation, developing audit plans, and performing audits.
• Ability to plan, execute, and evaluate audit test plans within a risk-based audit methodology.
• Strong written and verbal communication skills.
• Knowledge of internal controls, financial terminology, and bank documentation requirements.
• Experience in assessing financial models, testing their effectiveness, and recommending improvements.
• Ability to communicate effectively with various levels of staff and management.
• Ability to manage scheduling and meet deadlines.

• Certified…