Sr Auditor Internal Audit Liability Product

Job Responsibilities

Actionables

Audit Execution

• Execute audits in accordance with approved audit plans, audit programmes, and Internal Audit methodology.
• Assess adequacy and effectiveness of controls governing liability products and related processes.
• Perform walkthroughs, control testing, sample reviews, and validation procedures.
• Evaluate compliance with regulatory requirements, internal policies, and governance standards.
• Ensure timely completion of assigned audit activities.

Thematic Reviews

• Participate in thematic reviews covering emerging risks, customer conduct, regulatory developments, product governance, and recurring control weaknesses.
• Analyse customer complaints, regulatory observations, incidents, audit findings, and risk indicators.
• Identify systemic risks and recurring control gaps.
• Support development of sustainable control improvement recommendations.

Audit Observations & Reporting

• Identify governance, compliance, conduct, and control deficiencies.
• Perform root-cause analysis and assess associated business, regulatory, operational, and reputational risks.
• Draft clear, concise, and evidence-based audit observations.
• Support preparation of audit reports and management discussion materials.

Issue Validation & Follow-Up

• Validate implementation of agreed corrective actions.
• Assess adequacy and sustainability of remediation measures.
• Review closure evidence submitted by auditees.
• Escalate delays, recurring issues, and ineffective remediation actions.

Stakeholder Coordination

• Liaise with Product, Business, Operations, Compliance, Risk Management, Finance, and Technology teams during audit assignments.
• Obtain information, documents, and evidence required for audit testing.
• Discuss preliminary observations and clarify audit issues with stakeholders.
• Maintain effective and professional working relationships.

Audit Quality & Continuous Improvement

• Maintain complete and accurate audit workpapers.
• Ensure compliance with Internal Audit methodology and documentation standards.
• Support thematic risk assessments and data-driven audit reviews.
• Contribute to continuous improvement of audit practices and testing approaches.

Key Skills

Technical Skills

• Risk-Based Auditing
• Liability Products & Product Governance
• Regulatory Compliance
• Audit Testing & Root Cause Analysis
• Audit Reporting & Data Analytics

Behavioural Skills

• Analytical Thinking
• Professional Skepticism
• Attention to Detail
• Communication Skills
• Collaboration & Teamwork

Experience Required

• Need experience in Internal Audit, Risk Management, Compliance, Product Governance, Banking Operations, or related assurance functions within a bank or financial institution.
• Exposure to liability products, customer conduct risk, regulatory compliance, product governance, or risk management frameworks.
• Experience in audit execution, control testing, and observation drafting.
• Exposure to thematic reviews and audit analytics will be an advantage.

Key Performance Indicators:

• Timely completion of assigned audit work.
• Quality of audit testing and documentation.
• Quality and relevance of audit observations.
• Identification of material risks and control gaps.
• Adherence to audit methodology and quality standards.

Effectiveness of issue validation and follow-up.