Senior Officer - Internal Audit

About ZainCash:

ZainCash Iraq is a leading mobile wallet in Iraq and recognized as Forbes top Fintech company of 2023 and 2024 as well as GSMA’s Best Mobile Innovation Supporting Humanitarian Situations. The company offers a range of consumer and business services including local and international money transfer, bill payments, companion payment cards, payroll, aid disbursement, and more. For more information, please visit www.zaincash.iq.

Job Summary:

We are seeking a Senior Internal Auditor with a strong background in operational and financial auditing. The successful candidate will be responsible for evaluating the efficiency of internal controls, risk management, and governance processes. This role involves working closely with various departments to ensure compliance with local and international regulations, as well as enhancing overall organizational performance.

Key Responsibilities

1.    Planning & Execution

• Develop, plan, and execute risk-based internal audit programs and procedures.
• Coordinate with internal stakeholders to schedule and conduct audits according to the annual audit plan.

2.    Operational Audits

• Assess operational processes to identify inefficiencies, control weaknesses, and improvement opportunities.
• Provide clear recommendations to enhance operational effectiveness and ensure compliance with standard procedures.

3.    Financial Audits

• Perform financial audits to verify accuracy of accounting records, financial reports, and compliance with relevant regulations.

• Identify and investigate discrepancies, fraud indicators, and control gaps.

4.    Risk Assessment & Management

• Support the development of risk assessment processes and maintain the organization’s risk register.
• Advise management on potential financial and operational risks and propose mitigation strategies.

5.    Reporting

• Prepare clear and concise audit reports detailing findings, risks, and recommended corrective actions.
• Present audit results to senior management and provide guidance on implementing recommendations.

6.    Compliance & Regulations

• Stay updated on relevant laws, regulations, and industry best practices (including Central Bank of Iraq requirements).
• Ensure all audit activities comply with established policies, procedures, and professional standards including IIA standards and IPPF.

7.    Continuous Improvement

• Contribute to the development and refinement of internal audit practices, methodologies, and tools.