Chief Internal Audit & Risk Assurance

Bermuda Commercial Bank Limited; Hamilton; Hybrid; GBP 90,000 - 140,000; Full time

Job summary

Bermuda Commercial Bank Limited seeks a strategic Head of Internal Audit to lead the function, ensuring independent assurance over governance, risk management and internal controls across the Group. You will develop a risk-based audit plan, oversee its delivery, and act as a trusted adviser to the Board and Executive Management on emerging regulatory and technology risks.

The role requires extensive banking/audit experience, strong leadership and communication skills, and a deep understanding of

Qualifications

• University degree in Business, Accounting or related discipline.
• Professional accounting qualification (CPA, CA, ACA or ACCA).
• Internal audit qualification (CIA) is preferred.
• Minimum of ten years’ experience in banking or financial services with 4+ years in senior internal audit or equivalent.

Responsibilities

• Assist the Board and Executive Management in evaluating and maintaining effective risk management, internal controls and governance processes.
• Serve as trusted adviser on emerging risks, regulatory change, technology transformation and industry practices.
• Challenge senior management to improve risk management and governance processes.
• Conduct organization-wide risk assessments and provide feedback on business risks and operational efficiencies.
• Develop annually a risk-based internal audit plan for BAC review and approval and oversee its implementation.
• Provide independent assurance over digital banking platforms, technology modernization, and fintech partnerships.
• Document work plans, testing results, conclusions and recommendations; track findings to closure.
• Coordinate preparation of BAC meeting materials and participate in meetings.
• Maintain knowledge of regulatory developments and ensure alignment with audit strategy and methodology.
• Promote data analytics and continuous auditing to improve coverage and efficiency.
• Lead the development of a technology audit program covering cybersecurity, IT controls, and emerging tech.

Skills

Leadership

Communication

Data analytics

Risk assessment

IT controls

Education

University degree in Business or Accounting

Professional accounting qualification (CPA/CA/ACA/ACCA)

Tools

Temenos T24 Core banking

NetInfo

Great Plains

Viewpoint

Job description

Bermuda Commercial Bank Limited seeks a strategic Head of Internal Audit to lead the function, ensuring independent assurance over governance, risk management and internal controls across the Group. You will develop a risk-based audit plan, oversee its delivery, and act as a trusted adviser to the Board and Executive Management on emerging regulatory and technology risks.

The role requires extensive banking/audit experience, strong leadership and communication skills, and a deep understanding of