Internal Audit Senior-Financial Services Sector

Internal Audit Senior evaluates and improves controls, risk and governance, conducts independent audits on operations, financial reporting and compliance, and requires strong analytical, communication and audit expertise.

Internal Audit Senior-Financial Services Sector

Position 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:

• Assist Internal Audit Manager and/or Head of Internal Audit in the audit plan development for Financial Services Sector.
• Manage the execution of internal audit projects.
• Coach team members assigned to projects where you have been assigned as a lead or this responsibility has been delegated.
• Perform research to assist with work program development/improvement for various audits.
• Develop 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.
• Perform detailed testing and analysis of financial data, operational procedures, and internal policies to identify control deficiencies and potential risks.
• Prepare audit work papers, reports, and recommendations that clearly communicate audit findings and propose actionable solutions.
• Review working papers and reports prepared by junior staff prior to submission to the Internal Audit Manager/Head of Internal Audit.
• Collaborate with management to develop and implement corrective action plans toaddress identified deficiencies.
• Monitor the implementation of recommended improvements and provide guidance on best practices for risk mitigation and control enhancement.
• Stay updated with industry trends, regulatory changes, and emerging risks to ensure the effectiveness of audit procedures and practices.
• Conduct follow-up audits to assess the adequacy and sustainability of implemented recommendations.
• Assist with audit tracker maintenance and preparation of reports to the various Audit Committees and Group Internal Audit.
• Foster a culture of compliance and ethics within the organization by promoting awareness and adherence to internal policies and external regulations.
• Provide support and guidance to other departments regarding internal control matters and risk mitigation strategies.
• Participate in the development and enhancement of audit methodologies, tools, and techniques.
• Collaborate with external auditors to facilitate the annual external audit process and ensure effective coordination of audit efforts.

Education & Qualification:

• 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.