Senior Internal Audit Manager - Internal Audit Unit

We're a leading financial institution, a key player in the Maltese market and part of a highly diversified multi-national group of companies. With a team of over 270 employees, the Bank offers a full range of lending and savings solutions to both personal and business customers. We strive to offer a highly personalised service through our network of thirteen retail branches spread across the Maltese Islands. 

We are a team of inspired people who believe that opportunities start with a conversation.

Duties and responsibilities 

In this important role, you will provide guidance and managing audit activities within the Bank, including the coordination of internal audit planning, audit execution and reporting of audit results. Reporting to the Head of Internal Audit Department, you will be key in ensuring a sound internal controls foundation of BNF Bank Malta p.l.c from a third line of defence perspective. The ideal candidate will have a strong background in internal auditing within the banking/ financial services industry within Malta and/or the broader EU/EEA. This role will be based in Malta.

You will be required to:  

• Assist in the development and execution of risk-based internal audit plans;   
• Assist in maintaining and implementing the audit strategy in-line with the organisation’s objectives and internal audit professional standards; 
• Hold walkthroughs and other meetings with internal stakeholders to understand the processes and procedures, internal controls, and risk areas;   
• Be responsible for mapping the processes under review and confirming the design effectiveness of internal controls;   
• Prepare an audit programme in line with the established audit scope;  
• Be responsible for reviewing documents, executing testing, documenting workpapers and drafting reports; 
• Prepare or review detailed audit reports that clearly communicate findings, recommendations, and action plans intended for senior management and the Board of Directors; 
• Monitor and follow-up with management on the remediation of audit issues and the implementation of audit recommendations; 
• Supervise and coach junior team members in conducting the assigned tasks and review their work accordingly; 
• Assist the IA Department in any ad-hoc assignments which may arise during the year; 
• Assist the Department to stay up to date with industry trends, regulatory changes, and emerging risks in the Banking industry to ensure audit processes remain relevant and effective;   
• Assist in responding to both regulatory and external auditor requests and inquiries, ensuring a smooth and efficient examination and external audit process; and 
• Foster strong working relationships with key stakeholders and provide expert guidance and education on audit matters to various business units and departments. 

Competencies and experience 

The potential candidate should have a positive attitude, be well-organised and meticulous, with a disposition to learn and a team-oriented approach to work. 

You must also have:  

• ACCA qualification and/or possess a Bachelor’s degree in a financial services field or equivalent; a master's degree and/or professional certification (e.g., CPA, CIA, or CISA) will be preferred;   
• Minimum of 5 years of internal audit experience and 2 years in a supervisory or managerial role, preferably within the financial services sector;   
• Broad audit exposure across various areas including IT, finance, operations, AML and compliance; 
• Proven experience in managing audit engagements, managing small audit teams, and delivering high-quality audit reports and recommendations; 
• The ability to work both independently and within a team; 
• In-depth knowledge of internal audit methodology, internal audit standards, risk assessment and internal control frameworks; 
• Excellent analytical skills with the ability to identify issues, root causes, and propose practical solutions; 
• Effective communication and interpersonal skills to interact with stakeholders at all levels of the organisation and facilitate issue remediation; 
• Detail-oriented, risk and control mindset with the ability to manage multiple projects and priorities simultaneously; 
• Familiarity with relevant regulatory requirements for financial institutions; and 
• High level of integrity, professionalism, and ethical behaviour.  

Previous experience of Banking processes and practices will be considered an asset.  

What we Offer  

• Ongoing personal development; 
• Preferential interest rates on home loans, personal loans and home value loans; 
• Comprehensive support for academic advancement through fully subsidized staff study loans; 
• Private clinic health insurance coverage, extendable to dependants; 
• Life insurance and personal accident cover; 
• Free ophthalmic examinations; 
• Private counselling sessions in collaboration with Richmond Foundation; 
• Additional half-day leave for birthday celebrations; 
• Annual performance appraisals and salary reviews; 
• €250 annual wellness allowance; 
• Complimentary mammogram screenings for female employees aged over 40 and PSA screenings for male employees aged over 40; 
• Flexible work arrangements (role permitting); and 
• Various corporate discounts. 

BNF Bank plc is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.