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Job Responsibilities
- Manage the development and monitor execution of the Financial & Operational Audit Plan
- Ensure team members possess required skills to conduct financial audits
- Ensure that audit procedures are strictly adhered to, including identifying and defining issues, developing criteria, reviewing and analysing evidence, and documentation of processes and procedures
- Evaluate financial records and establish risk based audit programs
- Review and validate the financial & operational audit report prepared by the team
- Make recommendations to enhance the internal control system
- Perform and Manage ad hoc or special audit assignments, investigations as instructed by the Group Head of Audit
- Ensure full utilization of Audit tools throughout the audit assignments
- Oversee and manage the work of the financial and operational audit analysts
- Communicate the results, findings and recommendations of audit projects via written reports and face-to-face presentations on a timely basis to the Deputy Group Head, Unit MD and the Audit Committee
- Maintain all organisational and professional ethical standards and ensure internal audit activities are carried out in compliance with International Standards for the Professional Practice of Internal Auditing (Standards) and IIA Code of Ethics.
- Perform peer quality reviews as requested by the Deputy Group Head
- Ensure risk assessment is updated to reflect identified controls that will impact the residual risk score.
- Perform and Manage ad hoc or special audit assignments and investigations
- Identify training needs of direct reports and recommend training courses/programs
- Work with process owners to review management’s response to external audit management letter recommendations; monitor progress on plans to address them and perform follow-up
- Assist in the internal audit engagement planning process
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Key Performance Indicators
- Level of compliance with related standards
- Annual audit plan coverage
- Quality of Audits carried out
- Process improvement as a result of audit
- Quality and reliability of internal audit and control reports
- # of averted fraud incidents
- # of averted operational risk incidents
- Level of compliance with related financial reporting standards
- Annual audit plan coverage
- Quality of Audits carried out
- Number of Process improvement initiatives as a result of audit
- Quantity and quality of external audit adjustments raised
- Number of audit issues raised on Auditor’s Management Letter
- Disposition of prior year’s audit internal control issues highlighted on Auditor’s Management Letter
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Competence Requirements
- Familiarity with common indicators of fraud and error
- Healthy professional scepticism
- Attention to detail and critical thinking
- Investigation and analytical skills
- Working knowledge of Accounting principles and standards
- Working knowledge of financial reporting standards (local and international)
- Excellent understanding and interpretation of financial statements
- Knowledge of internal auditing standards, responsibilities, code of ethics, and certification
- Working industry knowledge e.g. Manufacturing, Energy, etc of business operations
- Good knowledge of multiple industry program policies, procedures, regulations and laws
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