SB Finance | Head of Audit

POSITION TITLE : HEAD, AUDIT DEPARTMENT REPORTS TO : Head, COMPLIANCE DIVISION DIRECTLY SUPERVISES : N/A UNIT / DEPARTMENT : COMPLIANCE DIVISION : COMPLIANCE NEW OR EXISTING ROLE? : ☒ New ☐ Existing JOB SUMMARY The role is responsible for establishing and maintaining adequate, effective and efficient internal control framework commensurate with the size, risk profile and complexity of the Company’s operations. Ensures that systems and processes are designed to provide assurance in area including reporting, monitoring compliance with laws, regulations and internal policies, efficiency and effectiveness of operations, and safeguarding of assets. Further, uphold the statute and authority of the Internal Audit. Provide an overall high-level summary of the role. In two or three sentences, describe why the job exists and what the work involves. PRINCIPAL DUTIES AND RESPONSIBILITIES · BUSINESS ACUMEN Familiar with the general operations of the operations of the company without necessarily engaging or actively participating in the day-to-day operations of the firm. · GOVERNANCE, CONTROL AND RISK MANAGEMENT 1. Establish and maintain a risk‑based internal audit strategy aligned with the company’s objectives, risk profile, and regulatory environment. 2. Provide independent assurance on the effectiveness of governance, risk management, and internal control framework across all business units, functions, systems, and outsourced activities. 3. Evaluate current and emerging risks, including financial, operational, compliance, IT, cybersecurity, fraud, AML/CFT, consumer protection and reputational risks 4. Review and approve audit reports, ensuring clear communication of issues, root causes, risk implications, and actionable recommendations to Management and the Audit Committee. 5. Oversee the monitoring, validation, and reporting of management action plans addressing internal, external, and regulatory audit finding. 6. Escalate overdue, unresolved, or inadequate risk responses to the Audit Committee, as appropriate. 7. Establish and maintain a comprehensive Quality Assurance and Improvement Program (QAIP) covering all aspects of the Internal Audit. 8. Ensure ongoing and periodic internal assessments and coordinate external quality assessments at least once every five (5) years. 9. Report QAIP results, including conformance with Global Internal Audit Standards (GIAS), to Senior Management and the Audit Committee. MANAGEMENT AND LEADERSHIP 1. Safeguard the organizational independence and objectivity of Internal Audit. 2. Provide strategic leadership to the Internal Audit Function and demonstrate the professional competence, integrity, and objectivity required to fulfill its mandate. 3. Provide annual confirmation to the Board/Audit Committee on the independence of the Internal Audit Group. 4. Promote adherence to Institute of Internal Auditors (IIA) Code of Ethics: integrity, objectivity, competency, due professional care, and confidentiality. 5. Ensure the Internal Audit is adequately staffed with competent and qualified personnel. 6. Conduct performance evaluations, support professional development, and promote continuous skills enhancement of audit staff. · INFORMATION / RECORDS ADMINISTRATION 1. Submit periodic reports to the Audit Committee on audit results, key risk themes, and overall internal control effectiveness. 2. Perform consulting and advisory services, investigations, and special reviews (e.g., fraud, control breakdowns) as requested by the Audit Committee or Senior Management, without assuming management responsibility. 3. Coordinate with External Auditors and supervisory/regulatory authorities to ensure effective audit coverage while avoiding duplication. 4. Support regulatory examinations and respond to audit ‑ related requests while preserving confidentiality and independence. PLANNING AND ORGANIZING 1. Develop and present long ‑ term (multi ‑ year) and annual audit plans to the Audit Committee for review and approval 2. Ensure audit engagements are properly planned, resourced, supervised, and executed in accordance with approved IIA GIAS, applicable regulations, and approved methodologies. · OTHER RESPONSIBILITIES Perform other duties and responsibilities delegated by the Audit Committee consistent with the Internal Audit Charter JOB QUALIFICATIONS · Educational Attainment and Required Course: Bachelor’s Degree : Accountancy · Years of Work Experience: Minimum of Seven (7) years in internal or external auditing within a Financing Company, Universal Bank or Commercial Bank with experience as Audit Manager, Senior Auditor, or Auditor‑in‑Charge. · Required Certification / License: Certified Public Accountant (CPA) and/or Certified Internal Auditor (CIA) · Field of Specialization: Internal Audit, External Audit, Risk Management, Regulatory Compliance, or related assurance functions within the banking and financing sector. · Knowledge and Skills Requirement: - Strong knowledge of Global Internal Audit Standards (GIAS), BSP regulations, and banking risks - Proven ability to lead an independent internal audit function - High level of integrity, objectivity, and sound professional judgment - Strong analytical, report writing, and presentation skills - Ability to communicate effectively with the Board, regulators, and senior executives - Experience in quality assurance, audit methodology, and risk‑based auditing - Demonstrated leadership, people management, and stakeholder management skills