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

"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 in the area of Audit and Inspection.

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

Position / Job Title:

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

Reporting to:

Divisional Head - Operational Risk, Risk Modeling, Treasury and Market Risk Audits

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 ACA / CFA / ACCA / CIA / PRM, will be preferred

Experience:

• Minimum 08 years of experience in Banking Audit with exposure in Treasury Operations and / or Market & Liquidity Risk and / or Capital Planning
• Candidates having expertise in risk-based auditing, RCM development, and evaluation of controls
  across front, middle, and back-office functions will be preferred

Other Skills / Expertise / Knowledge Required:

• Excellent drafting skills
• Excellent communication skills
• Analytical skills
• Excellent in MS Excel
• Clear understanding of Treasury products and processes
• IFRS 9 understanding
• Risk Models understanding including ICAAP, NSFR, etc.
• In-depth knowledge of regulatory frameworks including State Bank of Pakistan guidelines, ICAAP,
  LCR/NSFR, and risk modeling (VaR, stress testing, IRRBB)

Outline of Main Duties / Responsibilities:

• To develop and execute risk-based audit plans covering Treasury operations, market risk, liquidity risk, capital planning etc.
• To conduct audits of front office (trading and investment activities) and middle office (limits monitoring, risk reporting to evaluate control effectiveness and compliance
• To develop 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 breachesTo assess liquidity risk management, including cash flow forecasting, LCR, and NSFR reporting
  accuracy and governance
• To evaluate effectiveness of controls across key Treasury systems and interfaces
• To review incident management, business continuity, and exception handling processes
• 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 prepare detailed, concise audit reports with actionable recommendations
• 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 coordinate with the audit team as per assigned duties
• 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 follow up with stakeholders on compliance status and resolution of outstanding audit
  observations
• To facilitate implementation of internal and external quality assurance recommendations
• To assist in validation of compliance status of regulatory observations highlighted by SBP or respective local regulator submitted to audit & inspection group by stakeholders
• 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.