Job Description
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Job Purpose Lead and execute risk-based internal audits to assess and enhance the effectiveness of internal controls, identify process improvements, and ensure timely implementation of management action plans. Provide clear, actionable audit reports and monitor emerging risks.
Key Accountability Areas Develop and Implement Risk-Based Internal Audit Plan:
Conduct thorough risk assessments across various functions within the organization.
Prioritize areas of concern based on risk levels to create an effective audit plan.
Lead and Execute Risk-Based Internal Audit Reviews:
Perform audits to assess the effectiveness of internal controls.
Review and evaluate the adequacy of existing control measures across different processes.
Conduct Qualitative and Quantitative Analyses:
Perform both qualitative and quantitative evaluations to assess the existence, effectiveness, and efficiency of internal control processes.
Use data-driven insights to ensure that controls are operating as intended and identify any weaknesses.
Facilitate Exit Meetings with Process Owners:
Organize and lead exit meetings with process owners to discuss audit findings.
Validate and finalize internal audit reports with management, ensuring that actionable responses and timelines for resolution are agreed upon.
Prepare and Deliver Internal Audit Reports:
Develop high-quality, clear, and concise internal audit reports.
Align reports with audit objectives and ensure they effectively communicate findings, recommendations, and management responses.
Conduct Follow-Up Audits:
Monitor the implementation of management's action plans through follow-up audits.
Ensure timely resolution of identified issues and that corrective actions are effective.
Maintain Understanding of Company Policies and Operations:
Continuously update knowledge of the company’s policies, procedures, and business operations.
Stay informed on any changes within the company that could impact internal controls or audit activities.
Conduct Ad-Hoc Assignments and Investigations:
Perform audits or investigations in response to emerging risks, concerns, or unexpected incidents.
Take immediate action on findings that may indicate potential vulnerabilities or threats.
Leverage Data Analytics Tools and Techniques:
Use advanced data analytics tools to enhance the accuracy of audit testing.
Identify potential areas of risk, inefficiencies, or anomalies that may require attention.
Identify Opportunities for Process Improvements:
Collaborate with various departments to identify areas for operational efficiency improvements.
Work with stakeholders to implement changes that strengthen processes and enhance overall performance.
Role Accountability HR Proficiency:
Ability to obtain updated soft and technical skills related to the job.
Delivery:
Perform the planned activities to meet the operational and development targets as per delivery schedules.
Utilize resources effectively to achieve objectives within efficient cost and time.
Provide a periodic report formatted by detailing the deviation and execution of planned tasks.
Problem-Solving:
Solve any related problems arise and escalate any complex operational issues.
Quality:
Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.
Business Process Improvements:
Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.
Compliance:
Comply to related policy and procedures and work instructions.
Health, Safety, and Environment:
Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.
Academic Qualification Bachelor Degree in Accounting and Finance or Any relevant fieldWork Experience 6 to 10 YearsTechnical / Functional Competencies Audit Best PracticesAudit PlanningAudit ReportingAuditing Procedures/StandardsCompliance AuditsInternal Audit ControlsPost Audit ReviewsSecurity Audits
