The Senior Internal Auditor assists the Internal Audit Managers in executing the internal audit plan and takes a lead role in the day to day execution of internal audits as well as any special requests from the Board and management;
SENIOR INTERNAL AUDITOR
GROUP INTERNAL AUDIT
REPORTS TO THE GROUP INTERNAL AUDIT MANAGER
GUARDIAN GROUP
JOB OBJECTIVE:
The Senior Internal Auditor assists the Internal Audit Managers in executing the internal audit plan and takes a lead role in the day to day execution of internal audits as well as any special requests from the Board and management; they contribute to the Internal Audit (IA) function by identifying risks associated with business objectives and evaluating controls in place to mitigate those risks in order to improve the effectiveness of risk management, control and governance processes.
MAJOR RESPONSIBILITIES:
Planning
Gain/ update an understanding of Guardian Holdings Limited and subsidiaries strategic business objectives, operations and risks inherent to the operations.
Perform and collate research relative to the assigned area
Participate in opening meetings with client to explain the scope and objectives of the audit engagement to the client and provide an overview of all steps in the audit process
Develop a thorough understanding of business processes in scope for assigned audits and document processes in flowcharts and / or process narratives. Identify and document inherent risks and controls with the business processes
Fieldwork
Execute risk-based test plan by selecting appropriate audit approach, test procedures and test steps, sampling criteria based on professional judgement and departmentally defined internal audit methodology
Perform audit tests and prepare working papers in accordance with professional IIA standards (the International Professional Practice Framework (IPPF Standards) and department’s IA methodology
Review the adequacy and effectiveness of the design and implementation of systems, controls, processes, policies and procedures in meeting business and control objectives. Identify and document control and process weaknesses and / or process inefficiencies
Communicate status of audit assessments to Group Head of Internal Audit / Internal Audit Manager on a regular basis
Organize and reference work papers for review by Internal Audit Managers
Participate in closing meetings with the client at the end of fieldwork, providing clear explanations for identified issues.
Reporting
Assist in the preparation of concise and informative audit reports to effectively communicate findings and recommendations to the Board and senior management.
Other Responsibilities
Perform assigned tasks to support the preparation of a risk-based Strategic Internal Audit Plan and annual updates to the plan, including:
o Update and submit Risk Assessment to management and collate and review responses
o Review Guardian Holdings Limited and subsidiaries Strategic Plan, annual reports and other publications, identifying areas of risk and collate risk information for development of risk heat map
o Collate specific information for incorporation into the plan.
o Assist with the compilation and review of the internal audit plan.
Perform consulting services for management through participation in projects designed to introduce new and / or changing processes, products or facilities. Provide value-added recommendations to mitigate project risks
Develops and maintains effective and professional working relationships with all levels of staff within the organization, including Senior Management and Audit Committee of the Board
Conducts investigations of suspected internal fraud
Provide support to Group IT Audit Manager on assignments.
Perform any other duties as assigned
EDUCATION:
A First Degree in Finance/Accounting or in a business-related field, or a professional accounting qualification such as ACCA, CPA, CMA from an accredited tertiary institution
A CIA or other relevant auditing and risk management certification from the Institute of Internal Auditors.
Certified Information Systems Auditor (CISA) designation would be an asset
KNOWLEDGE AND EXPERIENCE:
Five (5) years’ progressive internal audit experience with at least 2 years at a senior level within the financial industry
Experience in performing AML/CFT audits and IT Audits would be an asset
Suitable combination of training and experience will be considered
Accounting framework, tools and techniques
Industry, regulatory standards including International Standards for the Professional Practice of Internal Auditing (IPPF)
ICT/IT tools and techniques
Proficiency in Excel and the entire Microsoft Office Suite
Computer Assisted Auditing Techniques (CAAT) would be an asset
Data Analytics for reporting would be an asset
PERSONALITY:
The Senior Internal Auditor must possess strong analytical skills to assess and interpret trends and must demonstrate excellent time management and organizational skills. They must be highly confidential and be able to work independently with minimum supervision as well as be able to lead and work in teams. He/ She must have strong interpersonal skills with a proven ability to communicate effectively both written and verbally with all levels of the organization.