Senior Manager - Internal Audit

Our client, a company in the Financial Services / Insurance Sector, is seeking to fill the position of Senior Manager - Internal Audit.

Our client, a company in the Financial Services / Insurance Sector, is seeking to fill the position of Senior Manager - Internal Audit.

This position is being offered as a two (2) year CONTRACT position.

JOB SUMMARY

The Senior Manager - Internal Audit position reports to the Board of Directors and the Chief Executive Officer. This position is responsible for conducting internal auditing work as a key component of the corporate governance structure. 

DUTIES & RESPONSIBILITIES

Audit Planning

• Develops annual internal audit plans and audits inclusive of risk assessments of the audit universe and units, considering the company’s risk management, internal controls and governance processes for different activities as implemented by management.
• Coordinates audit activities including risk assessment and audit findings tracking.
• Monitors the effectiveness of action taken by management to implement recommendations and to correct discrepancies or deficiencies reported by Internal Audit, Regulators and External Auditors. Initiates appropriate follow-up action to persuade/influence management to adopt desired courses of action and assists management in designing plans for implementing the recommendations.
• Implements the audit review of contracts and other agreements with outside entities providing goods and services as appropriate, and the review of contractor records and documentation when deemed necessary to ascertain compliance with contracts.
• Undertakes consulting activities in accordance with professional standards and provide sound advice on policies, procedures, controls and risks.
• Initiates investigations into and/or assists in the investigation of significant suspected fraudulent activities, irregularities of a financial or operational nature and risk control breakdowns within the organisation and notifies the Chief Executive Officer, the Board and the Board Audit Committee of the results.

Audit Management & Execution

• Develops audit tests and evaluation programs, execute audit assignments, ensuring quality and reporting on the results of the audit to management and the Audit Committee.
• Identifies and recommends opportunities for improving governance, management risk and control systems (policies, procedures and practices), corporate performance, image and integrity; and communicates the same to the appropriate level of management
• Informs the Chief Executive Officer, the Board and the Board Audit Committee of emerging trends and successful practices in internal auditing. Advises the Directors and Management, orally or in writing, on matters of corporate governance, controls and risk management, including regulatory and best practice requirements.
• Provides advice on changes in risk, control and governance processes; and facilitates the company’s control/risk/governance self-assessments.
• Liaises with, and coordinates activities of, external/contract auditors and regulators; considers the scope of work of the external auditors, regulators and in-house security, safety and health officers, to provide optimal audit coverage and assurance to the organisation at a reasonable overall cost.
• Evaluates and assesses significant merging/consolidating functions and new or changing services, processes, operations, systems and control processes coincident with their development, implementation, and/or expansion.

Internal Audit Business Processes

• Leads the Internal Audit Team and is responsible for their development, by coaching, mentoring, managing performance, and recommending relevant training for their continuous development.
• Collaborates with other lines of defence to provide integrated assurance on risks, internal controls and compliance.
• Reviews procedures, processes and records to ensure that they are in line with the company’s objectives and evaluate policies and plans of activities, departments and functions under internal audit’s purview.
• Oversees audit assignments and plans, schedules and review of work papers.
• Liaises with the external auditor, regulators and implement recommendations, to strengthen controls, and ensure compliance with the law, financial regulations and regulatory framework.

 Customers

• Establishes relationships and communicates with senior management to ensure audit concerns are addressed.
• Liaises with department heads to ensure audit findings and recommendations are accepted and implemented.

QUALIFICATIONS AND EXPERIENCE

• Degree or Professional Certification in a relevant field (such as internal auditing, business management, finance, accounting).
• Professional Audit Certification (such as Certified Internal Auditor, Certified Information System Auditor, Certified Quality Auditor, Certified Fraud Examiner).
• Minimum of Five (5) years’ experience in Internal Auditing.
• Five (5) years’ experience in a managerial position.
• Certification in information Technology would be an asset.
• Comprehensive knowledge in all aspects of Auditing, Risk Management, Governance and Controls.

We wish to thank all applicants for their interest, however, only those favourably considered will be contacted.