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Job Purpose
The Sr. Internal Audit Manager is responsible for overseeing, managing, and executing internal audit activities. The position plays a pivotal role in evaluating the effectiveness of internal controls within each region, conducting risk assessments, and ensuring strict adherence to both regulatory mandates and company policies.
The Sr. Internal Audit Manager reports directly to the Corporate Finance Head and communicates the audit results to management after review and approval by the Finance Head.
Main Duties
Risk Assessment and Audit Planning
- Identify potential risk areas specific to the company.
- Create a risk prioritization based on the potential impact and likelihood of identified risks.
- Collaborate with the key stakeholders to gather insights on the operation and challenges.
- Develop and document a risk-based audit plan outlining the audit timeline, resource allocation, and audit methodology.
Audit Engagement Execution
- Develop and implement audit programs and procedures.
- Lead and manage the planning, execution, and reporting of internal audit engagements according to the approved audit plan.
- Train, and support the audit team to ensure the effective and efficient delivery of the audit engagements.
- Review audit work papers, audit findings, and recommendations. Ensure that audits are performed in compliance with the relevant regulations, standards, policies, and procedures.
- Partial or full delivery of audit assignments under the supervision of the Corporate Finance Head. Conduct interviews and control testing or substantive testing through data analytics.
Reporting to Management
- Prepare audit reports outlining the audit findings, risks, and recommendations to address identified issues.
- Present audit results to the management, facilitating discussions and addressing queries.
- Provide regular updates to the management on the status of audit activities, ongoing projects, and key findings.
Follow-up and Monitoring:
- Monitor and track the implementation of audit recommendations. Follow up with stakeholders to ensure that agreed-upon corrective actions are effectively addressing identified issues.
- Report to the management the status of open audit issues periodically, including the progress of the action items and challenges encountered during implementation.
Ad hoc Activities
- Perform special audits or investigations in response to management requests, emerging risks, and other specific incidents.
- Identify opportunities to enhance the efficiency and effectiveness of internal audit processes. Implement best practices and innovative methods to improve the overall audit function.
Other duties and tasks as may be assigned.
Qualifications
- Bachelor's degree in Internal Audit, Accounting, Finance, Management, or other relevant fields
- 6 to 8 years of audit experience
- Preferably a Certified Internal Auditor (CIA) and/or Certified Public Accountant (CPA)
- Experience in audit firms is a plus