Audit Senior

The Audit Senior will be required to effectively administrator and provide technical support through partnership with PricewaterhouseCoopers (PwC) to conduct of operational, financial and compliance audits for the VM Group.

The successful candidate will posses:

• Bachelor’s Degree in Degree in Accounting or any other related field
• ACCA Fundamental level
• Five (5) years auditing/accounting experience, two (2) of which should be in Auditing. 
• Completion of Supervisory course and/or supervisory experience

Functional and Technical Business Expertise

• Comprehensive Knowledge of Generally Accepted Auditing Standards (GAAS) and International Standards for the Professional Practice of Internal Auditing.
•  Comprehensive knowledge of the Society’s Best Practice Policies
• Comprehensive knowledge of the regulations applicable to Building Societies Operations, Remittance and Wealth Management Companies:
•                        -   Bank of Jamaica

                               -   Money Laundering

                               -    Deposit Insurance

                              -   Financial Services Commission

DUTIES AND RESPONSIBILITIES

1. Plan and perform audits of assigned areas of the VM Group’s operation to ensure that GAAS & International Standards for the Professional Practice of Internal Auditing are maintained and audit objectives achieved.
2. Prepare reports on the findings of each examination or review including recommendations for the correction of any breakdown and/or deficiency in the internal control system.
3. Supervise the work of team members engaged in the audit of operational and functional activities, and ensure that stated audit objectives are met and adequate practical coverage is achieved.
4. Review audit working papers for adequacy and accuracy, and, if necessary discuss these with the Manager.
5. Assist in developing Audit Programmes.
6.  Conduct follow-up audits to ensure that accepted recommendations for the correction of deficit conditions have been implemented as agreed.
7. Conduct biannual appraisals of Audit Officers and assist in the coordinating the Performance Management Appraisal System.
8. Assist in the training of Audit Officers, in consultation with the Manager.
9. Prepare periodic assessment of Audit Officers and, among other things, make recommendations for training where specific weaknesses are identified.
10. Perform special reviews and investigations at the request of the Manager.
11. Evaluate the reliability, adequacy and effectiveness of accounting, operating and administrative controls within the VM Group.
12. Determine whether the VM Group’s internal controls result in prompt and accurate recording of transactions and proper safeguarding of assets.
13. Determine the Group’s compliance with regulatory requirements, policies and procedures.
14. Develop and propose viable recommendations to enhance processes.
15. Ensure that information accessed is handled in accordance with the Society’s Information Security (IS) policy.
16. Facilitate the use of ABM DES and RACAL keys and ensure strict adherence to access controls.
17.    Assist in ensuring the smooth running of the Unit.
18. Perform any other related duties which may be assigned from time to time.
19. Plan and perform audits of assigned areas of the VM Group’s operation to ensure that GAAS & International Standards for the Professional Practice of Internal Auditing are maintained and audit objectives achieved.
20. Prepare reports on the findings of each examination or review including recommendations for the correction of any breakdown and/or deficiency in the internal control system.
21. Supervise the work of team members engaged in the audit of operational and functional activities, and ensure that stated audit objectives are met and adequate practical coverage is achieved.
22. Review audit working papers for adequacy and accuracy, and, if necessary discuss these with the Manager.
23. Assist in developing Audit Programmes.
24. Conduct follow-up audits to ensure that accepted recommendations for the correction of deficit conditions have been implemented as agreed.
25. Conduct biannual appraisals of Audit Officers and assist in the coordinating the Performance Management Appraisal System.
26. Assist in the training of Audit Officers, in consultation with the Manager.
27. Prepare periodic assessment of Audit Officers and, among other things, make recommendations for training where specific weaknesses are identified.
28. Perform special reviews and investigations at the request of the Manager.
29. Evaluate the reliability, adequacy and effectiveness of accounting, operating and administrative controls within the VM Group.
30. Determine whether the VM Group’s internal controls result in prompt and accurate recording of transactions and proper safeguarding of assets.
31. Determine the Group’s compliance with regulatory requirements, policies and procedures.
32. Develop and propose viable recommendations to enhance processes.
33. Ensure that information accessed is handled in accordance with the Society’s Information Security (IS) policy.
34. Facilitate the use of ABM DES and RACAL keys and ensure strict adherence to access controls.  
35. Assist in ensuring the smooth running of the Unit.
36. Perform any other related duties which may be assigned from time to time.