Internal Auditor-Financial Services Sector

The Internal Auditor evaluates controls, risk management and governance, conducts independent audits to assess operations, financial reporting and compliance, and requires strong analytical, communication and audit skills.

Internal Auditor-Financial Services Sector

Position Summary:

The Internal Auditor 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:

• Conduct comprehensive risk assessments to identify key areas for internal audit focus.
• Develop and execute risk-based audit plans, including scoping, fieldwork, testing, and reporting phases.
• Evaluate the effectiveness of internal controls, risk management processes, and governance frameworks.
• 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.
• Collaborate with management to develop and implement corrective action plans to address 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.
• 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 & Qualifications:

• 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.
• 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.
• Integrity, ethical conduct, and ability to maintain confidentiality of sensitive information.
• Willingness to travel occasionally to various company locations, if required.