Internal Audit Officer

The Internal Audit Officer will provide independent, objective assurance review and will assess the risk areas across the entire business. The role is an excellent opportunity for someone wishing to gain extensive knowledge of the operational, compliance and risk management procedures to further their career within the banking industry.

Duties and responsibilities

• Developing a thorough understanding of business processes and procedures in scope for assigned audits; documenting the processes through flowcharts and / or process narratives and evaluating the underlying risks and controls of business operations, governance practices, financial and other processes


• Assisting in designing and developing risk-based audit programs to evaluate management controls ensuring that all significant risks are adequately considered


• Performing audit tests, evidenced through well prepared working papers in accordance with professional IIA Standards and best practices; evaluating the adequacy of process design and the effectiveness of controls to meet both business and control objectives; identifying and documenting control and process weaknesses and providing evidential support for findings


• Providing feedback and recommendations for improvement, whilst ensuring compliance with regulatory requirements and best practices


• Assisting in the preparation of informative audit report to effectively communicate the findings and recommendations


• Supporting other departments to assist the correct implementation of the recommended business processes


• Undertaking CPE requirements; maintaining awareness of new trends and developments in the field of internal auditing and best practices within banking institutions

Required knowledge, skills and experience

• A university degree in business, accounting or finance, or being qualified / partly qualified in accounting or internal auditing (CIA/CISA/CA/ACCA)


• At least 2 years' experience within an internal / external audit / advisory environment


• Good working knowledge of professional IIA performance standards with regards to planning, testing, sampling and documentation


• Well-developed IT skills to evaluate system controls and to document and report observations


• Knowledge of COSO Risk and Internal Control framework will be an asset


• Excellent written and verbal communication skills in English

MeDirect Bank (Malta) plc - KMP-59132