Chief Internal Auditor

Directly responsible to the Audit Committee of the Board of Directors and assist with ensuring that the internal controls are adequate to identify, measure, control, and monitor the financial reporting, business processes, compliance, and legal risks of the Corporation.

VACANCY NOTICE

CHIEF INTERNAL AUDITOR

Suitably qualified persons are invited to apply to fill the post of Chief Internal Auditor of the Eastern Caribbean Asset Management Corporation (ECAMC), headquartered in Antigua and Barbuda.

The ECAMC was established by the member Governments of the Eastern Caribbean Currency Union (ECCU) in response to the increase in non-performing loans (NPLs) in the commercial banking sector. The statutory purposes of the ECAMC are to:

(1)   Carry on the business of asset management, including acquiring the whole or part of, dealing with, managing, and disposing of assets or liabilities of approved financial institutions in an expeditious manner; and

(2)   Act as the receiver for a financial institution whenever appointed by the Central Bank under the Eastern Caribbean Central Bank (ECCB) Agreement and the Banking Act.

The successful candidate will be based in Antigua and Barbuda.

DUTIES

The successful candidate will be directly responsible to the Audit Committee of the Board of Directors. The Chief Internal Auditor will assist the Audit Committee in ensuring that the internal controls are adequate to identify, measure, control and monitor the financial reporting, business processes, compliance and legal risks of the Corporation. The Chief Internal Auditor will also assist the Audit Committee in reviewing the performance of management against agreed work programmes, budgets, performance standards and benchmarks.

The specific responsibilities of the Chief Internal Auditor are:

• Develop and implement an annual audit work plan.
• Objectively review the ECAMC’s business processes.
• Evaluate the efficacy of the ECAMC’s risk management procedures and compliance therewith.
• Review, evaluate and test internal controls across the control environment.
• Ensure that the ECAMC’s operating practice is compliant with the ECAMC Act, as well as all relevant laws and regulations.
• Make recommendation on how internal control systems and governance processes of the ECAMC can be improved to align with international best practices.
• Provide quarterly reports to the Audit Committee. 
• Liaise with the External Auditors in the conduct of the annual audit.
• Conduct special investigations as necessary.

APPLICANTS MUST HAVE:

• A Bachelor’s Degree in Finance or Accounting. A Master’s Degree in Finance or Accounting would be an asset.
• Accounting or Internal Auditing Professional qualification (e.g CPA, CIA )
• At least 10 years’ working experience as either a senior internal auditor or a senior audit manager. Experience in a financial institution would be an asset

 APPLICANTS SHOULD ALSO HAVE:

•  Expert knowledge of International Standards for the Professional Practice of Internal Auditing
• Expert knowledge of COSO internal control framework and principles
• Working knowledge of International Financial Reporting Standards
• Working knowledge of General Auditing Standards
• Working knowledge of principles for enhancing corporate governance
• Ability to work with a team, communicates effectively, and possesses conflict management skills. 
• Ability to influence and engage directly and indirectly with peers.
• Demonstrate outstanding interpersonal and communication skills
• Exceptional written, oral, interpersonal and presentation skills
• Proficient in the use of Core Director Software
• Proficient in the use of Microsoft Suite of products
• Strong analytical skills

COMPENSATION

Compensation will be commensurate with qualifications and experience, and will include standard allowances applicable to the position. Applicants are also invited to indicate their minimum and average compensation package expectations. All compensation will be in Eastern Caribbean Dollars.

 The following documents must be submitted:

• Letter of application
• Curriculum Vitae (CV)
• At least two references

Letter of application, together with CV and references, should be addressed to:

The Eastern Caribbean Asset Management Corporation

Woods Center

Suite 23

Friars Hill Road

P. O. Box W660

St. John’s, Antigua and Barbuda

 Documents should be delivered by email or mailed to the above address. All documents should be received by September 30, 2021. Preference will be given to nationals and residents of the ECCU member territories.

Ref: Accounting and Finance