The Senior Auditor – Treasury & Investments leads and delivers independent, risk‑based assurance across the Bank's treasury, investment portfolios, ALM, liquidity and market‑risk functions, and wealth management activities. The role will assess the control design and operating effectiveness, validates remediation, supports ICoFR testing, and conducts special investigations into trading, valuation and operational exceptions.
The Senior Auditor is expected to translate findings into clear, evidence‑based recommendations for senior management and the BACRC, and partners with first‑ and second‑line stakeholders to ensure timely, pragmatic remediation and sustained regulatory compliance with IIA, Basel and local supervisory expectations.
Key Accountabilities:
Plan and lead risk‑based audit engagements:
- Define scope and objectives for each engagement aligned to the annual audit plan and emerging risk universe.
- Develop detailed audit programs with risk‑ranked control objectives, test steps, sampling approaches, and data requirements.
- Coordinate resources and timelines to deliver audits on schedule and within budget; escalate scope or resourcing issues promptly.
Execute end‑to‑end audit fieldwork:
- Perform testing on control design and operating effectiveness across front office, middle office and operations using walkthroughs, inquiry, inspection, re‑performance and data analytics.
- Validate trade lifecycle controls including trade capture, confirmations, settlements, reconciliations, corporate actions, capital calls, and exception handling.
- Test valuation and pricing controls for securities, derivatives and alternative investments including model governance, inputs, independent price verification and valuation adjustments.
- Assess collateral, margin and counterparty exposure processes for repo, securities lending, derivatives and OTC transactions, review margin calls, collateral substitution and haircuts.
- Evaluate treasury operations such as cash management, payment processing, FX settlements, and intraday liquidity controls.
Investment Management
- Review portfolio governance including mandate compliance, investment limits, country limits, counterparty limits, mandate changes, and performance attribution.
- Assess product governance and suitability for advisory and discretionary mandates, test KYC, risk profiling, suitability assessments and fee disclosures.
- Audit alternative investments processes for due diligence, valuation, liquidity terms and reporting to clients and regulators.
Risk framework and model assurance:
- Test ALM and liquidity risk controls including gap analysis, cashflow modelling, contingency funding plans and intraday liquidity monitoring.
- Assess market and profit rate risk measurement, limit setting, back testing, stress testing and hedging effectiveness.
- Review model risk management practices for pricing, risk and capital models including model approval, validation, change control and independent challenge.
Regulatory, accounting and compliance assurance:
- Validate regulatory reporting controls related to liquidity coverage ratio, net stable funding ratio, capital adequacy and large exposures.
- Assess compliance with applicable regulations and standards and confirm controls for sanctions screening, AML, and conduct requirements.
- Monitor regulatory change and update audit scope to address new rules, products or risk drivers.
- Support ICoFR testing for treasury and investment processes, documenting key controls, testing design and operating effectiveness.
- Assist in the issue remediation framework by working with first- and second-line owners to agree corrective actions, timelines and evidence of closure as part of issue follow‑up.
Reporting and stakeholder engagement:
- Prepare concise, evidence‑based audit reports with clear risk ratings, root causes, business impact and remediation recommendations.
- Build strong relationships with first- and second-line stakeholders to facilitate timely information access and constructive remediation dialogue.
People development and culture:
- Coach and mentor junior auditors on technical skills, audit methodology and professional conduct.
- Promote a culture of continuous improvement by sharing lessons learned, developing training materials and leading knowledge sessions.
Qualifications & Experience:
- Bachelor's or master's degree in finance, Accounting, Economics, Business, or related discipline.
- Professional certification such as CIA, CPA, ACCA, ACA, CFA, FRM, CTF would be preferred.
- Minimum 6 years of internal audit experience within banking, financial services or Big 4, with demonstrable hands‑on exposure to treasury, investments, ALM, liquidity and market‑risk audits.
- Proven track record of leading end‑to‑end, risk‑based audit engagements and delivering high‑quality audit reports and remediation validation.
- In depth knowledge of fixed income, equities, FX, repos, securities lending, derivatives (OTC and exchange‑traded), structured products, and alternative investments (private equity, private credit, infrastructure, real estate).
