Chief Audit Executive

Malayan Savings Bank; Philippines; On-site; PHP 1,200,000 - 1,800,000; Full time

Job summary

Malayan Savings Bank seeks a strategic Head of Internal Audit to uphold independence and objectivity across the unit. You will lead the Audit Division, ensure compliance with IIA standards and ethics, and report to the audit committee on progress and findings.

You will design risk-based audit plans, secure approvals, and build capable teams with ongoing development. You will also engage BSP examiners and provide advisory services without compromising independence, collaborating with top

Qualifications

• Oversee internal audit function with independence and objectivity.
• Ensure compliance with IIA standards and ethics.
• Develop risk-based audit plans approved by the audit committee.
• Ensure sufficient qualified staff with development programs.
• Meet Non-Executive Directors at least once a year.
• Prepare IA for external quality review every 5 years.
• Support BSP Examiners and provide advisory services without compromising independence.

Responsibilities

• Lead and direct the Audit Division.
• Direct, manage, and supervise the Audit function.
• Develop training and mentoring programs for junior auditors.
• Oversee activities such as delegation of work and manpower for examinations.
• Attend training, seminars and workshops as needed.
• Perform other related duties as assigned by Top Management, Board of Directors or Audit Committee.

Skills

Leadership

Accountability

Auditing standards

Risk assessment

Resource planning

Stakeholder management

Communication

Job description

• To demonstrate appropriate leadership and have the necessary skills to fulfill his responsibilities for maintaining the unit's independence and objectivity;
• To be accountable to the board of directors or audit committee on all matters related to the performance of its mandate as provided in the internal audit charter. The head of the internal audit function shall submit a report to the audit committee or board of directors on the status of accomplishments of the internal audit unit, including findings noted during the conduct of the internal audit as well as status of compliance of concerned departments/units.
• To ensure that the internal audit function complies with sound internal auditing standards such as the Institute of Internal Auditors' International Standards for the Professional Practice of Internal Auditing, as well as the IIA Global Internal Audit Standards, which took effect in January 2025, and other supplemental standards issued by regulatory authorities/government agencies, as well as with relevant code of ethics
• To develop an audit plan based on robust risk assessment, including inputs from the board of directors, audit committee and senior management and ensure that such plan is comprehensive and adequately covers regulatory matters. The head of the internal audit function shall also ensure that the audit plan, including any revisions thereto, shall be approved by the audit committee
• To ensure that the internal audit function has adequate human resources with sufficient qualifications and skills necessary to accomplish its mandate. In this regard, the head of the internal audit function shall periodically assess and monitor the skill‑set of the internal audit function and ensure that there is an adequate development program for the internal audit staff that shall enable them to meet the growing technical complexity of banking operations.
• Meet with the Non-Executive Directors of the bank at least once-a-year.
• Prepare the internal audit function for an independent external quality assurance review of the IA function once every 5 years.
• Support and provide information as required by the BSP Examiners of the bank.
• Provide advisory services and special audit services, as necessary, without compromising the IA’s independence and objectivity.

People Management

• Lead and direct the Audit Division
• Direct, manage, and supervise the Audit function
• Develop training and mentoring programs for junior auditors

Others

• Oversees the overall activities of the department such as, but not limited to, delegation of work and manpower for examination of Branch, Head Office Unit or IT systems/operations.
• Attend training, seminars and workshops as considered necessary and to enhance his/her knowledge.
• Perform other related duties as assigned by Top Management, Board of Directors or Audit Committee.