HugoBank

Digital retail bank enabling financial inclusion

Unit Head – Management Audit

Internal Audit & ControlsConfirmed live in the last 24 hours

Full-timeKarachi, Karachi City, Sindh, PakistanNo salary listedIn-person

About the Job

Requirements

A bachelor's degree in Accounting, Finance, Business Administration, or a related field is required; a master's degree is preferred.
Professional certifications such as Certified Internal Auditor, Association of Chartered Certified Accountants, Chartered Accountant, or Certified Public Accountant are required.
Eight to ten years of relevant experience in a bank or financial institution, or in external audit with significant banking clients, is required.
At least three to four years of experience leading audit teams in a similar role is required.
Strong knowledge of the State Bank of Pakistan regulatory framework, banking operations, and risk and control frameworks is required.
Working knowledge of the Institute of Internal Auditors Global Internal Audit Standards, Committee of Sponsoring Organizations of the Treadway Commission framework, and International Financial Reporting Standards applicable to banks, including IFRS 9, is required.
Proficiency in audit methodology, risk assessment, sampling, and root-cause analysis is required.
Familiarity with data analytics tools such as Excel, SQL, Power BI, or similar is required.

Responsibilities

Lead the Management Audit unit in delivering independent, risk-based assurance over the bank's functions, business processes, policies, and governance arrangements.
Develop the annual management audit plan and a documented risk assessment.
Plan, scope, and supervise financial, operational, and management audits of a digital bank.
Review the design and operating effectiveness of processes, internal controls, policies, and delegations of authority, and assess organizational operational efficiency.
Review audit programs, working papers, and testing evidence for quality, sufficiency, and consistency with methodology.
Draft and finalize audit reports with clear, risk-rated findings, root causes, and practical recommendations agreed with management.
Prepare presentations for stakeholders and present significant issues when required.
Track management action plans, validate closure of findings, and escalate overdue or high-risk items.
Apply and improve the department's audit methodology, templates, and quality assurance practices.
Introduce data analytics and continuous auditing techniques where practical.
Contribute to the department's Quality Assurance and Improvement Program.
Ensure compliance with State Bank of Pakistan requirements and the Institute of Internal Auditors Global Internal Audit Standards.

Unit Head - Management Audit

HugoBank · Karachi, Pakistan · Full-time · Posted 2026-10-09

Workplace: on_site

Department: Audit

Description

Leads the Management Audit unit in delivering independent, risk-based assurance over the bank's functions, business processes, policies and governance arrangements. The role plans and supervises audit engagements, ensures compliance with State Bank of Pakistan (SBP) requirements and the IIA Global Internal Audit Standards, and reports findings.

Essential Duties and Responsibilities

Audit Planning and Execution

Develop the annual management audit plan and a documented risk assessment.
Plan, scope and supervise financial, operational and management audits of a digital bank.
Review the design and operating effectiveness of processes, internal controls, policies and delegations of authority, and assess the efficiency of operations across the organization.
Review audit programs, working papers and testing evidence for quality, sufficiency and consistency with methodology.

Reporting and Follow-up

Draft and finalize audit reports with clear, risk-rated findings, root causes and practical recommendations, agreed with management.
Prepare presentations for stakeholders and present significant issues when required.
Track management action plans, validate closure of findings, and escalate overdue or high-risk items.

Quality and Continuous Improvement

Apply and improve the department's audit methodology, templates and quality assurance practices.
Introduce data analytics and continuous auditing techniques where practical.
Contribute to the department's Quality Assurance and Improvement Program.

Requirements

Bachelor’s degree in Accounting, Finance, Business Administration, or a related field; Master’s degree preferred.
Professional Certifications such as CIA, ACCA, CA or CPA.
8–10 years of relevant experience, within a bank or financial institution, or in external audit with significant banking clients.
At least 3–4 years leading audit teams in a similar role.
Strong knowledge of SBP regulatory framework, banking operations and risk and control frameworks.
Working knowledge of IIA Global Internal Audit Standards, COSO and IFRS as applicable to banks (including IFRS 9).
Proficiency in audit methodology, risk assessment, sampling and root-cause analysis.
Familiarity with data analytics tools (Excel, SQL, Power BI or similar).

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About the Company

HugoBank

Digital retail bank enabling financial inclusion

HugoBank is a digital retail bank based in Karachi that aims to expand financial inclusion in Pakistan. It uses a mobile app to offer fast online account opening, secure transfers, P2P payments, bill payments, and credit products, and it issues physical and virtual debit and credit cards, plus Earned Wage Access for early salary access. The bank combines international fintech know-how with local market reach, leveraging Muller & Phipps’ network to serve the unbanked quickly and position itself as a wealthcare partner for holistic financial needs. Its goal is to increase Pakistan's bank account penetration to over 80% and open 34 million new accounts by 2027.

Company size: 51-200
Company stage: Not listed
Total funding: Not listed
Headquarters: Karachi, Pakistan
Founded: 2023

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