Internal Audit (FMG/AS 3)

JOB PURPOSE

Under the general direction of the Board of Directors, the Internal Auditor is responsible for the examination of transactions, records and documents both financial and operational to determine compliance with the provisions of relevant laws, regulations, policies and rules governing the Trade Board Limited. The incumbent is also responsible for reporting on internal controls to the Trade Administrator/CEO and where necessary, make recommendations.

KEY OUTPUTS

• Audits conducted, progress noted, and audit reports produced
• Annual Audit plan prepared and executed
• Internal audit charter developed and enforced
• Internal audit manual developed
• Working papers prepared and reviewed
• Audit budgets prepared and submitted
• Audit findings discussed with relevant Managers/Department Heads
• Operational plan developed
• Audit advice provided on internal financial matters and operational procedures.
• Attend meetings as required
• Audit files secured

a)      Technical /Professional

• Develops and maintains an Internal Audit Charter, operating procedures and guidelines to support the Audit function within the TBL ensuring alignment with Internal Audit standards and laws; periodically reviews to ensure they remain effective and consistent with relevant standard/laws; recommends and/or implements methods to correct identified weaknesses.

• Prepares the annual Risk Based Audit Plan ensuring planned initiatives are in keeping with and/or promote the TBL’s strategic objectives.
• Develops and executes audit engagement plan and work program for each planned audit ensuring consistency with the annual Audit Plan and established policies and procedures.
• Develops and implements a communication system to amicably present audit findings/reports to the respective departments and other stakeholders;
• Conducts meetings with Departments and Units to ensure that their activities are keeping with established policies and procedures.
• Monitors and reports on Departments’ progress in addressing accepted recommendations arising from assurance assignments.
• Conducts special audits and reports on the results providing advice/ recommendations
• Provides assistance/advice to the Audit Committee of the Board of Directors, Trade Administrator/CEO and Senior Management on internal audit issues as requested.
• Prepares and submits Audit reports to the Audit Committee of the Board of Directors and the Trade Administrator/CEO; attends meetings with the Audit Committee to present reports and address issues/matters that may arise.
• Keeps abreast of trends and developments in Internal Audit Management and recommends their adoption/application where appropriate to increase the effectiveness of the function and enhance the Commission’s compliance culture.

MINIMUM REQUIRED EDUCATION AND EXPERIENCE

• First Degree preferably in Accounts, Finance, Business Administration, Management or Economics or;
• ACCA Fundamentals or equivalent
• Three to Four (3-4) years working experience in audit
• Successful completion of relevant government auditing courses and professional training would be an asset.
• Working knowledge of the laws, regulations and other instructions that govern the Trade Board Limited, would be an asset.
• Knowledge of ISO 9001:2015 Quality Management System would be an asset.