Job Description

The Lead Internal Auditor is responsible for planning, executing, and reporting on all internal audit activities across the Bank. This role ensures the effectiveness of internal controls, risk management practices, governance processes, and compliance with regulatory frameworks. The Lead Internal Auditor will provide independent and objective assurance to the Board Audit Committee and senior management.

Roles and Responsibilities:

Planning, Strategy and Execution

-          Develop the annual risk-based internal audit plan and present it to the Board Audit Committee for approval.

-          Ensure alignment of audit plans with the Bank’s strategic objectives, risk profile, and regulatory requirements.

-          Continuously update the audit universe and risk assessment methodologies.

-          Lead and supervise internal audit engagements across all departments, branches, and operational units.

-          Ensure audit assignments are performed in accordance with International Standards.

-          Review working papers, audit findings, and recommendations for completeness and accuracy.

-          Ensure timely completion of audits within approved timelines.

Risk Assessment

-          Evaluate the adequacy and effectiveness of internal controls, risk management processes, and governance structures.

-          Identify control weaknesses, gaps, fraud indicators, and areas for improvement.

-          Provide recommendations to improve internal controls, financial reporting reliability, and operational efficiency.

Reporting & Follow-Up

-          Prepare clear, concise, and actionable audit reports for the Board Audit Committee and executive management.

-          Track audit findings and ensure timely closure of recommendations by responsible departments.

-          Present quarterly internal audit updates to the Audit Committee. 

Compliance & Regulatory Assurance

-          Review compliance with Islamic Banking Law No.55/2012, guidelines issued by the Bank of Somaliland, AML/CFT regulations, Sharia compliance, and internal policies.

-          Ensure the Bank meets all regulatory reporting requirements related to audit and risk.

Fraud Risk Management

-          Conduct investigations on suspected fraud, irregularities and misconduct.

-          Recommend disciplinary actions or control enhancements where fraud risks are identified.

-          Maintain a confidential and secure system for reporting fraud or ethical concerns.

Coordination with External Stakeholders

-          Coordinate with external auditors, regulators, and inspection teams.

-          Ensure proper preparation and support during external audits and regulatory examinations.

-          Follow up on external audit recommendations.

Team Leadership & Capacity Building

-          Lead, mentor, and develop internal audit staff.

-          Provide training on audit techniques, risk assessment, and internal control frameworks.

-          Ensure audit team independence, objectivity, and professional ethics.

Job Requirements:

Education

-          Masters’ degree in Accounting, Finance, Business Administration, Auditing, or related field.

-          Professional audit/accounting certifications preferred: CPA, ACCA, CIA, CISA.

-          Proficiency in audit software is an advantage.

Experience

-          Minimum 5–7 years of internal audit experience, preferably in banking or financial institutions.

-          At least 2 years in a supervisory or lead audit role.

-          Strong understanding of: Banking operations, Risk management & controls, Regulatory and compliance frameworks, Islamic banking (optional but advantageous)

Skills & Competencies

-          Excellent analytical, investigative, and problem-solving skills.

-          Strong reporting and communication skills.

-          Ability to challenge management constructively while maintaining professionalism.

Additional Details

Employment Type

Full-time

Work Mode

Onsite

How to apply

https://talent.basehr.co.uk/apply/542e7e5a-41d3-4d35-bf78-87b2235f260d