IT Audit Officer

JOB SUMMARY / SPECIFIC ACCOUNTABILITIES:

1. The IT Audit Section Head is generally tasked to ensure that all policies, guidelines, procedures and internal controls set by the management and other regulatory bodies are complied with and undertaken by the department.
2. The IT Audit Section Head is responsible in managing and supervising the activities of the assigned Section. May act as Department Head in the absence of the incumbent, and/or upon appointment by the Audit Head or the Audit Committee.
3. The IT Audit Section Head shall ensure adherence to existing internal control procedures while maintaining the highest quality of service.

SPECIFIC DUTIES AND RESPONSILIBITIES:

Management

1. Plans, organizes, directs, coordinates and controls the activities of the department to attain overall objectives and targets set by Management
2. Reports directly to the Audit Head and responsible for the overall supervision and management of audit activities in the assigned Section;
3. May act as team leader in the conduct of audit;
4. May act as Department Head whenever the incumbent is on official business or on leave of absence, as maybe authorized by the Audit Head or the Audit Committee.

Operation

1. Leads in the conduct special audit on uncovered or reported anomalies/irregularities
2. Assists the Audit Head in the development of plans and programs; sees to proper execution of established programs and procedures according to approved policies;
3. Develops audit programs and procedures when needed, relative to processes/units reviewed, aligned with risk-based audit methodology and ISPPIA Standards;
4. Administers the internal auditing activity of the section and determines directions and thrusts of audit efforts identifying the key risk areas of branches/ credit offices/ operating units during audit engagements.
5. Participates in bank operations or working committee meetings either as alternate member of the Audit Head or resource person as often as maybe directed by the Audit Head
6. Maintains effective working relations with auditees by constantly reminding team members to be diplomatic in the conduct of audit, and proper scheduling of work so as not to hamper the auditees flow of operations;
7. Supervises the operations/process audit of lending units which covers compliance to credit policies from credit initiation, documentation, release, loan administration, collection, problem recognition, loan renewal, remedial action/management, to credit organization and staffing.
8. Reviews audit finding worksheets and corresponding working papers for scope, accuracy and conformity to plans aligned with ISPPIA Standards; discusses with team and evaluates exceptions noted prior to dialogue with the auditee;
9. Presents the audit findings and observations to the Auditee Management; points out the risks/ implications as well as operational deficiencies; recommends corrective action and suggests remedial measures and applicable techniques to improve performance
10. Renders spot decisions while on field audit, if necessary;
11. Reviews audit reports prior to submission to the Audit Head;
12. Attends to dialogues of audit team with auditee;
13. Apprises the Audit Head of the Sections performance against plans/target and reports justification on performance deviations, if any;
14. Monitors status of resolution of audit issues noted/raised on engagements conducted.
15. Rates the performance of subordinates under his/her supervision, subject for review of the Audit Head;
16. Monitors latest developments in information system and related technology and recommends/adapts new/changes in IS audit procedures that will ensure the effective performance of IT audit function.
17. Establishes and implements IT audit policies in accordance with generally accepted standards, upon approval of the Audit Head
18. Leads or Supervise in the conduct of IS applications review which include pre-implementation, post implementation and general controls check.
19. Performs such other duties that may be assigned from time to time.

Custodianship:

Working Papers and other documents applicable

General Authority:

Gathers, analyzes, organizes pertinent data/information obtained as well as examines and review transaction documents from all available sources necessary for conducting financial, operations and management audit.

Monitoring and Reporting:

Draft Audit Reports (Section Head)

Updates of Audit Findings for the year from Auditees

WORKING RELATIONS:

1. Internal Interactions All departments
2. External Interactions Depend on the situation, if assistance/seeking of help on such performance of review from external auditor or other regulatory bodies, as permitted by Audit Head.

QUALIFICATION GUIDELINES:

Education: Candidate must possess at least a Bachelors/College Degree, Business Studies/Administration/ Management/Commerce/ Finance/Accountancy or equivalent; Preferably a Certified Public Accountant (CPA)

Experience: Previous working experience is an advantage; Fresh graduates of Accountancy or related course can be considered

Others: Willing to do fieldwork