Job Description
The Internal Auditor at Prosperity Microfinance Bank is responsible for ensuring the integrity, accuracy, and efficiency of the bank's operations, financial reporting, and compliance processes.
The role reports directly to the Audit Committee of the Board and works closely with management to identify risks, recommend improvements, and maintain a strong internal control environment.
The Internal Auditor plays a key role in safeguarding the bank's assets, mitigating operational and financial risks, and supporting sustainable business growth.
The successful candidate will conduct comprehensive audits across all areas of the bank, including finance, operations, lending, treasury, and IT systems.
He or she will perform detailed reviews of processes, records, and controls, assessing compliance with internal policies, procedures, and regulatory requirements, and will ensure that monthly financial and operational renditions are accurate, complete, and submitted on time.
The Internal Auditor will evaluate the effectiveness of internal controls, identify weaknesses or gaps, and recommend corrective measures to enhance efficiency and reduce risk exposure.
A critical aspect of the role is performing rigorous risk assessments to identify potential operational, financial, and regulatory risks.
The Internal Auditor will develop and maintain a risk-based audit plan, prioritize audit activities according to the bank's risk profile, and ensure that high-risk areas receive timely and thorough attention.
He or she will monitor compliance with banking regulations, industry standards, and best practices, while ensuring alignment with the bank's strategic objectives.
Responsibilities
The Internal Auditor will also be responsible for preparing detailed audit reports for senior management and the Audit Committee, highlighting findings, implications, and recommended corrective actions.
He or she will follow up on the implementation of audit recommendations, track progress on risk mitigation initiatives, and report on outstanding issues to ensure accountability and transparency
. In addition, the Internal Auditor will provide guidance and support to management and staff to strengthen operational controls and promote a culture of risk awareness across the bank.
Requirements
The ideal candidate must possess strong analytical and problem-solving skills, attention to detail, and the ability to interpret complex financial and operational data.
Excellent communication and report writing skills are essential, as the role requires presenting findings and recommendations to senior management and board committees.
Leadership and interpersonal skills are also important, as the Internal Auditor will often work across departments to implement improvements and foster a culture of accountability.
The Internal Auditor is a key guardian of the bank's financial health, operational efficiency, and regulatory compliance.
The role ensures that all monthly renditions, financial reports, and operational processes are accurate and reliable, while identifying and mitigating risks that could affect the bank's stability and reputation.