Unit Head - Risk Asset Review  
The Bank of Punjab (BOP)   More jobs from this company

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Job Title:   Unit Head - Risk Asset Review
Category:   Accounts
Total Positions:   1
Job Location:   Lahore
Gender:   No Preference
Minimum Education:   Masters
Degree Title:   MBA/M.Com/MSc in Accounting/Finance/ Mathematics/ Statistics etc. from an HEC Recognized University or • Preference will be given to ACCAs/CIAs/ACMAs/CAF/CA/CFA/FRM.
Career Level:   GM / CEO / Country Head / President
Minimum Experience:   8 Years
Apply By:   Nov 2, 2020
Job Description:

Division/Department: Internal Audit Function

Grade Range: AVP to SVP

Direct Reporting to Head – RAR 

 Job Summary:

Assist Head RAR in the risk assessment process and in preparation of the Annual RAR Plan & Operational Plan. Ensure execution of Annual Review Plan within the given time schedule and allocation of resources. Review work performed by Team members on a timely basis. Review Policies and Procedures and suggest amendments. Conduct special assignments and review of write-off.

Major Duties & Responsibilities to perform the Role:

  • Assist Head RAR Audit in the risk assessment process and in preparation of Annual RAR Plan 
  • Ensure execution of Annual Review Plan within given time schedule and allocation of resources according to risk profile of auditable entity.
  • Manage and monitor the overall performance of the engagement to ensure smooth completion thereof. Monitor staffing needs and schedules to ensure optimal utilization of audit resource.
  • Escalation of critical process deficiencies spotted through review findings to Head RAR coupled with suggestions to strengthen critical control lapses.
  • Facilitate communication with management through Head RAR to enable discussion on their concerns on audit engagements through conclusion meetings.
  • Review and submit Risk Assets Review reports along with executive summaries duly prepared to the Head RAR for finalization.
  • Review the work performed by RAR team thereby ensuring that issues identified have been adequately reported / escalated. Coach team members on ongoing basis to clarify their understanding on RAR Methodology and to keep them abreast of the recent developments. Identify training needs of staff and coordinate with Head RAR audit for their training.
  • Review of policies and procedures and suggest amendments keeping in view the regulatory and internal requirements. Highlight significant flaws and follow up for their rectification through the appropriate forum.
  • Develop and maintain a cordial and professional relationship with the internal customers and discuss workable management action plan in response to RAR findings.
  • Conduct special engagements and ensure the achievement of objectivity in timely manner. Conduct reviews of Write Offs in line with the Bank’s approved policy and SBP guidelines. 
  • Review the engagement file to determine if the work is appropriately documented and reviewed according to the engagement plan. Ensure that the working paper file is adequately prepared for archiving.
  • Ensure that all Review Reports, are released on timely basis to the concerned.
  • Discussion with relevant RMG functions or other stakeholders on major CRR findings and for finalizing ORR downgrades of reviewed obligors 
  • Prepare periodic Reporting Package for outstanding significant deficiencies and substantive issues noted during RAR engagements for Head RAR with updates as to Management Action.
  • Preliminary data gathering for the planned reviews, annual budgeting and planning exercise and preparation of bi-annual CAR reviews.
  • Any other assignment given by the 1st / 2nd Supervisor. 

Relevant Experience: Minimum 8 Years of experience of any commercial bank out of which 05 years must be with RAR-Internal Audit Function of a Commercial Bank as a supervisory role.

Qualification: MBA/M.Com/MSc in Accounting/Finance/ Mathematics/ Statistics etc. from an HEC Recognized University or Preference will be given to ACCAs/CIAs/ACMAs/CAF/CA/CFA/FRM.

Company Information
Company Name:  The Bank of Punjab (BOP)
Company Description:
The Bank of Punjab was established in 1989 under The Bank of Punjab Act, 1989 passed by Provincial Assembly of the Punjab, as a non-scheduled Commercial Bank with majority shareholding of Government of the Punjab. The Bank earned the status of a scheduled Commercial Bank in 1994 and currently carries a vast network of over 620 online branches, strategically located across the Country along with an ATM network of over 550 offering 24/7 banking services to its diverse clientele of over 2 million. Since its inception, the BOP has seen many ups and downs and has also successfully weathered the waves of economic volatility, recessions and stiff market competition over the years. Current strong network base coupled with solid capital structure and phenomenal financial results posted during last few years has transformed the Bank to one of a leading financial institution of the Country. Now, the Bank standouts among peer group as a robust and rapidly growing commercial Bank. Besides offering a range of products and services to meet the modern days’ banking requirements of its clients, the Bank has also established its footprint in the areas of consumer financing, agriculture credit, corporate & investment banking, cash management and alternative delivery channels. While achieving the objective of financial inclusion through its presence in remote and unbanked areas of the Country with HarFardKaKhayal the Bank is playing its due role in the economic growth of the Country through its various specially tailored and designed products and services.

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