Functional Audit Manager

Job Code:


Date Posted:

13 Jul 2020



No of vacancies:




  • Determine the scope, risk, and frequency of Internal Audit and functions in consultation with Functional Audit Head and Head of Internal Audit
  • Provide inputs on the risk based internal audit plan on a periodic basis to the Functional Audit Head 
  • Suggest/ recommend necessary amendments in policies and procedures in line with business and department needs and ensure that any amendments to the policies are complied with 
  • Plan and develop the overall internal audit program for the audit assignment and delegate the work to supervisors accordingly
  • Draw up a risk matrix of inherent, control and residual risks in consultation with the Superiors
  • Supervise and review audit activities for branches and get varied analysis performed with the help of Data Analytics team to identify gaps using different scenarios
  • Address the concerns raised by Quality Assurance Manager (if any) and ensure implementation of recommendations provided by them
  • Guide the team in selection, development, and assessment of the suitability of processes, formats, frequency and conduct of audit and reporting
  • Discuss, verify and obtain agreement on audit findings, impact and audit recommendation with General Managers and Functional Heads and finalize the audit reports 
  • Guide the team to investigate and determine causes of irregularities/ errors and recommend corrective actions and improvement opportunities
  • Implement a tracking system to follow up on the open issues to validate the remedial actions put in place and escalate if required
  • Review and approve travelling allowance / expenses for the functional audit team
  • Provide Functional Audit Head with regular progress reports and information in an accurate and timely manner and/or as requested
  • Ensure proper audit documentation and audit files / work papers are maintained by the team
  • Conduct regular meetings with value centre and function heads to understand additional risks / new developments of the Bank and assess its impact on audit priorities and/or plans
  • Maintain accurate and timely communication of necessary information to other team members and functions
  • Build effective working relationships with other functions and employees conducive to positive collaborations and team efforts that contributes to bank’s overall success
  • Keep abreast of new developments, methods and techniques in banking industry
  • Drive a performance-based culture in the team by timely monitoring, review of performance parameters and feedback to the team members
  • Obtain regular updates from the team on progress on audits

  • Bachelor’s or Master’s degree, ideally in accounting and auditing, business administration or economics from an accredited university in Myanmar or abroad or professional certification and training in banking, accounting and auditing
  • Preferred with qualifications such as Association of Chartered Certified Accountants (ACCA), Certified Public Accountant (CPA), Chartered Accountant (CA) and Certified Internal Auditor (CIA)
  • Advanced level of English language (Written and spoken)
  • Advanced level of Microsoft Office (Word, Excel, Power point, Outlook)
  • Fundamental knowledge of audit software and banking software
  • Thorough understanding of applicable laws including Myanmar Financial Institutions Law, regulations, directives, instructions and guidelines issued by the Central Bank of Myanmar
  • Minimum 7 years of experience in a financial institution with at least 3-4 years in internal audit/ risk/ compliance.
  • Team management experience for 3-4 years
  • Strong knowledge of standard audit practices and ability to apply them;
  • Good investigative skills and attention to details
  • Good knowledge of financial and operational audit; including bank or financial institution policies and procedures;
  • Ability to monitor implementation of the internal audit program for a bank;
  • Ability to lead and manage audit teams;
  • Ethical standards and integrity in both their personal and professional dealings;
  • Strong communication skills