(a) A clear understanding of the role and responsibilities associated with the position;

(b) A good understanding of financial services activity relevant to the licensee and the wider industry and its regulatory environment;

(c) Strong understanding of internal or external audit;

(d) Ability to design comprehensive audit plans, including risk assessments, internal control evaluations, and identifying areas of potential financial, operational, or compliance risk;

(e) Ability to lead audits across various departments such as credit, operations, IT, and finance;

(f) Proficiency in evaluating and improving internal controls and risk management frameworks, ensuring alignment with organisational risk appetite and regulatory requirements;

(g) Familiarity with regulatory standards (e.g., Basel III for banking, Solvency modeling for insurance) and their impact on risk controls;

(h) Expertise in assessing the effectiveness of internal controls, identifying control deficiencies, and recommending remediation strategies;

(i) Understanding the control frameworks like COSO (Committee of Sponsoring Organizations) or COBIT (Control Objectives for Information Technologies);

(j) Strong knowledge of IFRS (International Financial Reporting Standards) and other regulatory accounting standards;

(k) Ability to assess compliance with key regulations;

(l) Competence in forensic auditing techniques, identifying fraudulent activities, and implementing fraud prevention frameworks;

(m) Use of data analytics and continuous auditing to spot anomalies or risks that indicate potential fraud;

(n) Strong analytical skills to evaluate audit evidence, discern root causes of control deficiencies, and develop practical, risk-based solutions; and

(o) Ability to think critically when encountering complex or ambiguous issues and to provide clear, well-justified conclusions.