Internal Audit

The Internal Audit Department provides independent, objective assurance and consulting services designed to add value and to improve the Bank's operations.

The Internal Audit Department enhances and protects organizational value by providing risk-based and objective assurance, advice and insight. The Department assists the Bank in accomplishing its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control and the governance processes. In delivering its mandate, Internal Audit reports functionally to the Board through the Audit Committee.

The Internal Audit Department performs these core functions:

  • Provides focused reviews, evaluations and audits of processes, procedures and activities
  • Verifies compliance with legal requirements, Bank and Governance policies, applicable accounting and computer control standards, risk management standards and Anti-Money Laundering/Counter Financing of Terrorism Standards
  • Prepares reports on the Bank's activities for submission to Management and Audit Committee