The Senior Internal Auditor a pivotal role responsible for overseeing and leading the internal audit function within the organization. This role involves evaluating and enhancing the effectiveness of risk management, control, and governance processes.
Job Responsibilities:
Audit Planning: Develop and execute a risk-based annual audit plan, considering the organization’s objectives and regulatory requirements.
Team Leadership: Lead and manage a team of internal auditors, providing guidance, training, and ensuring high-quality audit work.
Risk Assessment: Identify and assess risks within the organization, ensuring controls are in place to mitigate potential issues.
Audit Execution: Conduct comprehensive audits of various departments and functions to assess compliance, accuracy, and efficiency of operations.
Reporting: Prepare detailed audit reports with findings, recommendations, and action plans for improvement, and present these to senior management and the board.
Compliance Monitoring: Ensure that audits are conducted in compliance with relevant laws, regulations, and industry standards.
Process Improvement: Identify opportunities for process enhancements and recommend changes to increase efficiency and effectiveness.
Follow-up Audits: Monitor and track the implementation of audit recommendations to ensure corrective actions are taken.
Stakeholder Communication: Collaborate with department heads and key stakeholders to address audit concerns and provide insights for decision-making.
Regulatory Updates: Stay informed about changes in relevant regulations and standards that may impact the organization. Key Performance Indicators (KPIs):
Audit Effectiveness: Percentage of audits conducted that lead to meaningful improvements or process changes.
Compliance Rate: Percentage of audited processes or departments found to follow relevant policies and regulations.
Timeliness: Average time taken to complete an audit cycle, from planning to reporting.
Recommendation Implementation Rate: Percentage of audit recommendations successfully implemented within the recommended timeframe.
Risk Mitigation: Reduction in identified risks over time due to audit interventions.
Stakeholder Satisfaction: Feedback from senior management and department heads regarding the value and quality of audit insights.
Requirements:
Education: Bachelor’s degree in accounting, Finance, Business Administration, or a related field. A professional certification such as BCAA Certified ISO27001 Lead Auditor, CIA, CPA, or CISA is highly preferred.
Experience: Minimum of 8-10 years of progressive experience in internal auditing with big4, including at least 3-5 years in a supervisory or managerial role.
Audit Expertise: In-depth knowledge of auditing principles, practices, and standards, with a strong understanding of financial and operational processes.
Regulatory Knowledge: Familiarity with relevant industry regulations, compliance requirements, and accounting standards.
Analytical Skills: Strong analytical and problem-solving abilities, with the capacity to evaluate complex processes and identify areas for improvement.
Communication Skills: Excellent written and verbal communication skills, including the ability to present findings and recommendations clearly and effectively.
Team Leadership: Demonstrated ability to lead, mentor, and develop a team of auditors, fostering a culture of excellence and continuous improvement.
Ethical Conduct: High level of integrity and ethical conduct in all aspects of auditing and business interactions.
Adaptability: Ability to adapt to changing priorities and work under tight deadlines, particularly in response to emerging risks or regulatory changes.
Technology Proficiency: Familiarity with audit management software, data analytics tools, and Microsoft Office suite.
Please email your CV to subramaniam@isss.org.uk.
