Internal Audit Associate

About the role

Welcome Bank (Rural Bank), Inc. is seeking an experienced Internal Auditor to join our team for full-time in Ortigas, Pasig City. As an Internal Auditor, you will be responsible for conducting independent and objective evaluations of our banking operations and compliance frameworks. This position plays a crucial strategic role in safeguarding the bank's assets, ensuring regulatory adherence, and supporting management decision-making through comprehensive audit findings and recommendations.

Key responsibilities

• Plan, conduct and document internal audit activities across all banking functions, including operations and compliance areas;
• Evaluate the effectiveness of internal controls, risk management processes and governance frameworks within the bank;
• Perform compliance audits to ensure adherence to regulatory requirements, banking regulations, anti-money laundering (AML) policies and other applicable legislation;
• Assess operational efficiency and recommend process improvements to enhance productivity and reduce operational risks;
• Prepare detailed audit reports documenting findings, conclusions and actionable recommendations for management;
• Follow up on management's implementation of audit recommendations and monitor the effectiveness of corrective actions;
• Collaborate with external auditors and regulatory bodies as required to support audit and examination activities;
• Maintain comprehensive audit documentation and working papers in accordance with professional auditing standards;

What we're looking for

• Bachelor's degree in Accounting, Finance, Business Administration or related field
• Minimum of 1 year of experience in internal audit, external audit or risk management, preferably in the banking and financial services sector
• Strong knowledge of banking operations, regulatory requirements and compliance frameworks applicable to rural banks and financial institutions
• Solid understanding of internal control principles, risk assessment methodologies and audit procedures
• Excellent analytical and problem-solving skills with the ability to identify control gaps and develop practical solutions
• Strong written and verbal communication skills, with the ability to present complex audit findings clearly to management and non-technical audiences
• Attention to detail and commitment to maintaining accuracy and integrity in audit work
• Ability to work independently and collaboratively within a team environment
• Can report to work as soon as possible