Internal Audit Senior-Financial Services

The Internal Audit Senior evaluates internal controls, risk management, and governance. They conduct audits to assess operational efficiency, financial reporting reliability, and compliance. Strong analytical and communication skills, plus audit expertise, are key to success in this role.

Job Summary

The Internal Audit Senior will play a critical role in evaluating and improving our internal control systems, risk management processes, and overall governance framework. The successful candidate will conduct independent and objective audits to assess the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations. This role requires strong analytical abilities, excellent communication skills, and a thorough understanding of audit principles and practices.

Responsibilities:

• Assists Internal Audit Manager and/or Head of Internal Audit in the audit plan development for Financial Services Sector.
• Manages the execution of internal audit projects.
• Coaches team members assigned to projects where you have been assigned as a lead or this responsibility has been delegated.
• Performs research to assist with work program development/improvement for various audits.
• Develops internal audit work programs, plan and schedule for individual audits. This includes conduct comprehensive risk assessments to identify key areas for internal audit focus, scoping, fieldwork, testing, and reporting phases.
• Performs detailed testing and analysis of financial data, operational procedures, and internal policies to identify control deficiencies and potential risks.
• Prepares audit work papers, reports, and recommendations that clearly communicate audit findings and propose actionable solutions.
• Reviews working papers and reports prepared by junior staff prior to submission to the Internal Audit Manager/Head of Internal Audit
• Collaborates with management to develop and implement corrective action plans to address identified deficiencies.
• Monitors the implementation of recommended improvements and provide guidance on best practices for risk mitigation and control enhancement.
• Stays updated with industry trends, regulatory changes, and emerging risks to ensure the effectiveness of audit procedures and practices.
• Conducts follow-up audits to assess the adequacy and sustainability of implemented recommendations.
• Assists with audit tracker maintenance and preparation of reports to the various Audit Committees and Group Internal Audit.
• Fosters a culture of compliance and ethics within the organization by promoting awareness and adherence to internal policies and external regulations.
• Provides support and guidance to other departments regarding internal control matters and risk mitigation strategies.
• Participates in the development and enhancement of audit methodologies, tools, and techniques.
• Collaborates with external auditors to facilitate the annual external audit process and ensure effective coordination of audit efforts.

Requirements:

• Bachelor's degree in Accounting, Finance, or a related field. Professional certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Certified Information Systems Auditor (CISA) are highly desirable.
• Proven experience as an internal auditor or similar role, preferably in a corporate or financial services environment. (Approximately 4-6 years).
• Strong knowledge of internal auditing principles, practices, and standards, including risk assessment methodologies and control frameworks (e.g., COSO).
• Familiarity with financial accounting principles, regulatory requirements, and industry-specific compliance standards.
• Proficient in using audit software, data analysis tools, and MS Office Suite.
• Excellent analytical skills and the ability to interpret complex financial and operational data.
• Strong communication and interpersonal skills to effectively communicate audit findings, recommendations, and issues to stakeholders at all levels.
• Detail-oriented with a high level of accuracy and strong problem-solving capabilities.
• Ability to work independently and manage multiple assignments concurrently while meeting deadlines.
• Ability to supervise 1-2 members of staff on assignments.
• Ability to manage multiple projects and work with the team to ensure highest priority items are clear.