Head of Audit

Job Description

Job Description

ABOUT BCIBci provides financial services to individuals and corporations. We focus on being a global leader in innovations and personalized client experience and, with more than 10,500 employees, Bci is recognized as one of the best companies in which to work and develop a career. It is the third largest privately owned bank in Chile and it has more than 300 branch offices throughout Chile and representative offices in other countries.

Bci is an Equal Opportunity Employer - All qualified applicants will receive consideration without regard to race, color, religion, gender, national origin, age, disability, veteran status, or any other factor determined to be unlawful under applicable law.

JOB SUMMARY

The Head of Audit is responsible for directing and administering the internal audit function by developing an annual Audit Plan which meets internal auditing and regulatory standards and fulfills objectives established by the Audit Committee. Directs independent internal audits of all Bank, affiliates, subsidiaries and holding company activities to evaluate the adequacy and effectiveness of the system of internal control and operating procedures.

Appraises the fairness and reliability of financial records and information for internal management purposes. Determines compliance with laws, regulations and operating procedures. Monitors overall risk management practices established by management and evaluates the adequacy of procedures for safeguarding assets and prevention and detection of loss. Promotes the quality and efficiency of ongoing operations.

Has a sense of urgency and works as a team in providing “Best in Class Client Experience”. This position requires the exercise of discretion and independent judgment, within the scope of the individual’s authority, with respect to matters of significance to the Bank.

DUTIES OF THE POSITION

The duties of the position include, but are not limited to, the following :

Has a sense of urgency and works as a team in providing “Best in Class Client Experience”. This position requires the exercise of discretion and independent judgment, within the scope of the individual’s authority, with respect to matters of significance to the Bank.

Principal Duties and Responsibilities

Works closely in the recruitment and selection process, such as conducting and providing feedback from interviews, recruiting within the budget, identifying opportunities for cost savings and ensuring proper departmental specifics for on-boarding.

Provides timely feedback to employees (check-ins, reports, annual evaluations, coaching, and disciplinary action).

Development of high potential employees, identifying, providing growth opportunities with training, meeting inclusion, shadowing, etc., in conjunction with the Center for Professional and Organizational Development.

Ensuring assignment and accomplishment of goals holding employees accountable, measuring results cross training, and eliciting innovation and process improvement.

Maintaining employee motivation, engagement & recognition.

Inspiring employee commitment and integrity, modeling-cultural values and positive behaviors.

Managing over-time control in a timely manner, within the requirements of FLSA standards.

Ensuring regulatory excellence in all aspects of employee responsibilities by monitoring regulatory expectations specific to each report and holding employees accountable to their specific regulatory responsibilities.

Oversees the internal audit function by establishing overall goals and objectives and setting work standards. Plans and schedules audits of the books, records and operations of the bank, branches, affiliates, subsidiaries and holding company to meet departmental objectives, regulatory requirements, professional standards and objectives of the Audit Committee. Ensures that the allocation of audit staff time provides appropriate audit coverage commensurate with risk exposure.

Performs final review of audit work papers prepared by staff auditors to ensure they meet professional standards and support conclusions reached during the field work.

Reviews and edits final internal audit reports to…