Senior Audit Associate at ARM Hold Co.

Location: Ikoyi, Lagos

Description

• Responsible with conducting internal operational and compliance audit reviews and ensuring compliance with requirements dictated by internal / external policies and regulatory bodies and agencies.

Main Responsibilities

• Execute audits to assess controls, operational efficiencies and compliance with selected policies, procedures and regulations. Resolve audit problems that occur and develop modifications to coverage and schedule.
• Refer major audit issues to Chief Risk Officer for resolution
• Implement risk mitigation plan developed at corporate level
• Keep abreast of country legislative issues, new audit regulations/trends and audit methodology. Discuss updates of new regulations with Chief Risk Officer and relevant departments.
• Conduct periodic training workshops for in-country staff to promote awareness of governance, risk management, and internal controls.
• Update risks during operations as well as mitigation plans
• Consolidate risk exposure via compliance checklists in all country-level departments and give data to Senior project monitoring associate

Deliverables:

• Implementation of Risk and Compliance reports
• Annual internal audit plan
• Annual audit reports.

Time Allocation:

• Technical (90%)
• Admin (10%)

KPIs:

• Percentage of in-country staff trained on risk and compliance issues (15%)
• Percentage of local compliance regulations met by required date (15%)
• Corrective action response time (10%)
• Number of implemented opportunities for improvement (OFI) vs. number of raised opportunities for improvement during internal and external audits (15%)
• Percentage of business services in the country not covered by risk analysis (10%)
• Savings generated and costs avoided associated with identified audit issues (15%)
• Overall corporate performance (10%)
• Feedback - The annual average rating from 360-degree surveys launched (10%)

Requirements & Experience

• Minimum of 10 years of relevant professional experience
• Undergraduate degree (or equivalent) in Accounting or Audit

Skills:

• Thorough understanding of the principles and application of good corporate governance, business and operational risk and control processes and procedures
• Balances the needs of the stakeholder triangle; assimilates and analyses relevant information; identifies core principles, and applies them consistently to decisions; identifies and mitigates risks; creative in providing solutions; owns decisions.
• Good planning/project management skills
• Exceptional negotiation, problem-solving and analytical skills
• Outstanding people leadership and management skills. Ability to drive change management across the organization
• Superior communication skills, both verbal and oral
• Sets milestones and timeframes to achieve objectives and operational requirements; determines priorities and allocates responsibilities and manages workflow; establishes measures and monitoring systems; putting (joint) action plans in place to address areas of non-compliance; anticipates hurdles and has contingency plans to get around them.