Internal Audit Associate

Welcome Bank - Rural Bank; Metro Manila; On-site; PHP 360,000 - 600,000; Full time

Job summary

Welcome Bank (Rural Bank), Inc. seeks an experienced Internal Auditor for a full-time role in Ortigas, Pasig City. You will independently evaluate banking operations, compliance frameworks and risk management to safeguard assets and support management decisions.

Responsibilities include planning audits, documenting findings, reporting to management, and coordinating with external auditors while maintaining rigorous audit files and adherence to standards.

Qualifications

• Bachelor's degree in Accounting, Finance, Business Administration or related field.
• Minimum 1 year of experience in internal audit, external audit or risk management, preferably in banking.

Responsibilities

• Plan, conduct and document internal audit activities across banking functions.
• Evaluate internal controls, risk management and governance frameworks.
• Perform compliance audits for regulatory requirements and AML policies.
• Assess operational efficiency and suggest improvements.
• Prepare audit reports with findings and recommendations.
• Follow up on management's implementation of recommendations.
• Collaborate with external auditors and regulators as needed.
• Maintain audit documentation and working papers per standards.

Skills

Analytical skills

Problem-solving

Communication skills

Attention to detail

Independent work

Education

Bachelor's degree

Job description

Welcome Bank (Rural Bank), Inc. is seeking an experienced Internal Auditor to join our team for full-time in Ortigas, Pasig City. As an Internal Auditor, you will be responsible for conducting independent and objective evaluations of our banking operations and compliance frameworks. This position plays a crucial strategic role in safeguarding the bank's assets, ensuring regulatory adherence, and supporting management decision-making through comprehensive audit findings and recommendations.

Key responsibilities

• Plan, conduct and document internal audit activities across all banking functions, including operations and compliance areas;
• Evaluate the effectiveness of internal controls, risk management processes and governance frameworks within the bank;
• Perform compliance audits to ensure adherence to regulatory requirements, banking regulations, anti-money laundering (AML) policies and other applicable legislation;
• Assess operational efficiency and recommend process improvements to enhance productivity and reduce operational risks;
• Prepare detailed audit reports documenting findings, conclusions and actionable recommendations for management;
• Follow up on management's implementation of audit recommendations and monitor the effectiveness of corrective actions;
• Collaborate with external auditors and regulatory bodies as required to support audit and examination activities;
• Maintain comprehensive audit documentation and working papers in accordance with professional auditing standards;

What we're looking for

• Bachelor's degree in Accounting, Finance, Business Administration or related field
• Minimum of 1 year of experience in internal audit, external audit or risk management, preferably in the banking and financial services sector
• Strong knowledge of banking operations, regulatory requirements and compliance frameworks applicable to rural banks and financial institutions
• Solid understanding of internal control principles, risk assessment methodologies and audit procedures
• Excellent analytical and problem-solving skills with the ability to identify control gaps and develop practical solutions
• Strong written and verbal communication skills, with the ability to present complex audit findings clearly to management and non-technical audiences
• Attention to detail and commitment to maintaining accuracy and integrity in audit work
• Ability to work independently and collaboratively within a team environment