Internal Audit Officer

Job Purpose

The Regional Internal Audit Officer is responsible for executing internal audit activities across various regions as designed by the Regional Senior Internal Audit Manager. 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 Regional Internal Audit Officer reports directly to the Regional Senior Internal Audit Manager.

Main Duties

Risk Assessment and Audit Planning

• Identify potential risk areas specific to each region and the company.
• Create a risk prioritization based on the potential impact and likelihood of identified risks.
• Collaborate with the regional team and key stakeholders to gather insights on the regional operation and challenges.
• Develop and document a regional 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.
• 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 Regional Senior Internal Audit Manager. 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.
• 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.

Qualifications

• More than 3 years of internal audit work experience with a strong understanding of audit methodologies, principles, and best practices. This includes knowledge of risk assessment, control evaluation, and testing procedures.
• Proficient in executing audit engagements, ensuring effectiveness and efficiency, and maintaining audit delivery within established timelines and allocated budget.
• Skilled in cleaning, processing, and interpreting data to generate valuable insights, as well as creating data visualizations to present the results of the analysis.
• Strong analytical and critical thinking skills to identify root cause(s) of observations or issues, to create meaningful conclusions and to develop practical and actionable solutions.
• Proficient in crafting clear and concise reports to communicate audit findings to management and stakeholders effectively.
• Ability to build and maintain positive relationships with internal and external stakeholders.