The Client: 

On behalf of our Client, a Banking Institution in Nicosia,  we are looking to recruit a Head of Internal Audit

The Position: 

The Head of Internal Audit will be responsible for developing and ensuring the implementation of the Annual Audit Plan.

Duties and Responsibilities: 

• Preparing and submitting the Annual Audit Plan for approval to the BoD (through the BAC), which should be acting as a means of assessing the adequacy and effectiveness of the internal control framework

• Ensuring that all activities of the Bank are audited at least once within an appropriate period of time

• Developing and implementing an audit plan to be approved by the management body

• Carrying out audit assignments on own initiative, through routine audits and special audits, both announced and unannounced, in all areas and functions of the Bank, including the Bank’s outsourced activities

• Overseeing and ensuring successful employee on-boarding by providing training and development opportunities

• Defining clear personal objectives, in line with the Bank’s strategy and departmental objectives

• Maintaining an ongoing performance dialogue with team members through the effective use of Performance Management

• Developing an Internal Audit Charter which shall include the purpose, standing and authority of the function and periodically being reviewed and approved by the management body.

• Defining procedures for the coordination of the internal audit function with the external auditor

• Reporting to the BoD through the BAC, at least on a quarterly basis, as well as providing recommendations for addressing any weaknesses identified

• Preparing and submitting an annual report to the BoD, within two months from the end of each year, through the BAC, which will also be copied to the chief executive

• Interacting with the Central Bank (CBC), ensuring covering the following topics, based on the results of the assessments

• Monitoring and ensuring adherence to internal policies, practices and procedures

• Overseeing and ensuring adherence to local and international regulatory requirements

• Ensuring the timely reporting of any discrepancies/cases of non-compliance to the appropriate individual

Skills/ Qualifications/ Experience: 

• Holder of a Professional Accounting Qualification such as Chartered Accountant (ACA) / Certified Accountant (ACCA) / Certified Public Accountant (CPA) / Certified Internal Auditor (CIA)

• At least 10 years of relevant experience, including 5 years in an internal audit function of a banking institution.

• Excellent knowledge of Greek and English languages, both verbal and written

• Computer literacy

• Knowledge of flexcube banking software and relevant local and international regulatory requirements (e.g. on compliance, anti-money laundering, information security and risk)

Location: 

The position is for our Client's offices in Nicosia, Cyprus

Remuneration: 

An attractive remuneration package will be offered to the successful candidate based to qualifications and experience.

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