Audit Team Member - Treasury & Market Risk (AVP)

"The Nation's Bank", National Bank of Pakistan aims to support the financial well-being of the Nation along with enabling sustainable growth and inclusive development through its wide local and international network of branches. Being one of the leading and largest banks of Pakistan, National Bank of Pakistan is contributing significantly towards socioeconomic growth in the country with an objective to transform the institution into a future-fit, agile and sustainable Bank.

In line with our strategy, the Bank is looking for talented, dedicated and experienced professional(s) for the following position inthe area of Audit and Inspection.

The individuals who fulfill the below basic-eligibility criteria may apply for the following position:

Position / Job Title:
Audit Team Member - Treasury & Market Risk (AVP)

Reporting to:

Wing Head - Audit Entity Owner / Lead Reviewer Treasury and Market Risk

Educational /Professional Qualification:

Minimum Graduation or equivalent from a local or international university / college / institute recognized by the HEC of Pakistan
Candidates having MBA in Risk Management / Finance and / or any other relevant professional qualification such as CFA / ACCA / FRM / CIA / Professional Risk Manager (PRM) will be preferred

Experience:

Minimum 06 years of experience in Management Audits and / or Treasury and Risk Management Audits, and / or Treasury Operations and / or Market & Liquidity Risk
Candidates having exposure of Risk based auditing, and evaluation of controls across front, middle, and back-office treasury functions will be preferred

Other Skills / Expertise / Knowledge Required:

Excellent communication skills
Analytical skills
Proficient in use of Microsoft Office applications
Clear understanding of Treasury products and processes
Understanding of Risk Models

Outline of Main Duties / Responsibilities:

To conduct audits of front office (Trading and Investment activities) and middle office limits monitoring, risk reporting to evaluate control effectiveness and compliance
To assist in development of Risk and Control Matrix (RCM) of functions and their processes
To review frameworks and processes for market risk monitoring, Value at Risk (VaR), sensitivity/stress testing, and limit breaches
To assess liquidity risk management, including cash flow forecasting
To evaluate effectiveness of controls across key Treasury systems and interfaces
To review incident management, business continuity, and exception handling processes
To identify gaps in segregation of duties, system access, and reconciliations
To assess the governance and adequacy of the Internal Capital Adequacy Assessment Process (ICAAP)
To evaluate capital planning assumptions, model robustness, and alignment with regulatory guidelines
To review development, validation, and usage of risk models (credit risk, market risk, ALM, IRRBB)
To ensure model governance aligns with SBP guidelines and internal policies
To track and validate corrective actions related to SBP inspection findings and internal audit observations
To assist in preparation of periodical memos/progress reports for Group Chief, BAC / BOD and other management committees
To report significant issues to Audit Management and Board Audit Committee, where applicable
To ensure effective management of internal audit MIS, back office records and ensure safe keeping of audit records
To assist in review of draft and final audit reports and issue the same to the auditee management
To follow-up for Corrective Action Plan (CAP)
To facilitate implementation of internal and external quality assurance recommendations
To perform any other assignment as assigned by the supervisor(s)

Place of Posting:

Karachi

Assessment Interview(s)

Only shortlisted candidates strictly meeting the above-mentioned basic eligibility criteriawill be invited for panel interview(s).

Employment Type:

The employment will be on contractual basis for three years which may be renewed ondiscretion of the Management. Selected candidates will be offered compensationpackage and other benefits as per Banks Policy / rules.

Apply within 10 working days from the date of this job posting.

Applications received after due date will not be considered in any case. No TA / DA will be admissible for interview.

National Bank of Pakistan is an equal opportunity employer and welcomes applications from all qualified individuals, regardless of gender, religion, or disability.

Responsibilities