Internal Audit Manager

Job Summary

Responsible for planning, executing, and managing internal audit projects in accordance with the annual audit plan. The role ensures the effectiveness of internal controls, identifies operational efficiencies, and ensures compliance with relevant laws, regulations, and organizational policies. This position also plays a key role in risk assessment and provides recommendations for improvement to senior management.

Duties and Responsibilities

KEY FUNCTIONS/DUTIES AND RESPONSIBILITIES:

 

·       Develop and execute a risk-based internal audit plan.

·       Evaluate the adequacy and effectiveness of internal controls.

·       Identify areas of improvement and recommend corrective actions.

·       Communicate audit findings and recommendations to senior management.

·       Build strong, collaborative relationships with department heads to understand operational processes, risks, and business needs.

·       Monitor the implementation of management action plans.

·       Collaborate with external auditors and regulatory bodies as needed.

·       Assist in enterprise risk assessments and contribute to continuous improvement of risk management frameworks.

·       Engage to continuous knowledge development regarding scope’s rules, regulations, best practices, tools, techniques and performance standards.

 

Supervisory Responsibilities:

·       Lead, mentor, and supervise a team of internal auditors at various levels.

·       Assign audit projects and oversee daily audit operations to ensure timely and quality execution.

·       Review workpapers and audit reports for accuracy, completeness, and compliance with internal audit standards.

·       Provide regular feedback and performance evaluations to audit staff.

·       Support staff development through training, coaching, and professional growth opportunities.

·       Foster a collaborative, ethical, and high-performance culture within the audit team.

·       Carries out supervisory responsibilities in accordance with the company’s policies, and applicable laws.

 

Others:

·       Perform any other tasks as requested by the Head of Internal Audit.

Technical Competencies and Skills

• Thorough knowledge of the Global Internal Audit Standards (GIAS), audit methodologies and best practices. • Ability to develop and execute audit plans based on risk assessments aligned with organizational objectives. • Understanding of legal and regulatory frameworks. • Skill in assessing the design and effectiveness of internal controls using frameworks such as COSO. • Proficiency in evaluating financial transactions, account balances, and reporting accuracy. • Knowledge of ERM principles to contribute to risk identification and mitigation strategies. • Competence in managing end-to-end audit processes, including scoping, fieldwork, and reporting. • Understanding of fraud indicators, investigation techniques, and forensic audit procedures. • Familiarity with ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) for data extraction and control analysis. • Basic understanding of IT general controls (ITGCs), cybersecurity threats, and related audit implications. • Ability to manage multiple audit projects, timelines, and resources effectively. • Experience with internal audit quality assessment and continuous improvement initiatives. • Strong interpersonal skills to build trust and communicate audit findings with impact and diplomacy. • Understanding of controls, risks, and regulations specific to the organization’s industry (e.g., power, hospitality

Education, Trainings and Licenses Required

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field. • Professional certifications required: CIA, CPA, or equivalent (e.g., CISA for IT audit exposure). • Minimum of 6–10 years of relevant internal audit experience, with at least 3 years in a managerial or supervisory capacity. • Experience in using audit management software and data analytics tools is a plus. • Industry experience in power, hospitality