Senior Internal Audit Officer at ARM Hold Co.

Job Summary

• The purpose of this role is to help in developing and delivery of the Group’s internal audit strategy and plan and ensure compliance with established policies, procedures and regulatory requirements throughout the company
• Foster a control conscious environment within the company by providing reliable, valued and timely assurance on corporate governance, risks and controls and enhancing the control culture

Principal Duties and Responsibilities

• Assist Supervisor in the development of the annual Internal Audit plan.
• Support Supervisor in the development and implementation of the evolving IA methodology for the business.
• Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology.
• Perform audit tests and prepare working papers in accordance with professional IIA standards and IA methodology.
• Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives.
• Contribute to the safeguarding of corporate assets by ensuring that appropriate internal controls are in place and operating effectively.
• Identify and document control and process weaknesses and provide evidential support for findings.
• Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies.
• Organize and reference work papers for review by Supervisor.
• Participate in closing meetings with client at the end of fieldwork, providing clear explanations for identified issues.
• Perform consulting services for management through participation in projects designed to introduce new and / or changing processes, products or facilities.
• Develop and maintain effective and professional working relationships with all levels of staff within the organization, including Senior Management and Audit Committee of the Board.
• Prepare and disseminate material for the quarterly Audit Committee meetings
• Receive, assess, investigate and resolve complaints and / or reports of alleged fraud or fraudulent behavior.
• Perform special investigations when necessary to safeguard firm assets (e.g., fraud).
• Conduct periodic spot checks in line with agreed spot check plan or as instructed by Supervisor / Senior Management.
• Create and maintain logs, records, or databases of information about fraudulent activity and all investigation carried out.
• Organize relevant training and awareness sessions for members of the assurance units.
• Drive implementation of the Unit’s strategic initiatives and other ad-hoc assignments that may be required by Supervisor / Senior Management.
• Ensure the maintenance of evidence and well-structured documentation of investigation which fully supports work carried out and conclusions reached.
• Follow up on the progress of implementation of recommendations from audit and investigations to senior management.

Requirements
Minimum Qualifications:

• Post-secondary education in Business, Accounting, Finance or related discipline.
• A recognized professional designation in Accounting or Internal Auditing (ACA, ACCA, CMA, CGA, CFE, CIA or CISA).
• Solid understanding of risk and control concepts. Ability to apply these concepts to evaluate the adequacy and effectiveness of business processes and controls to mitigate risk to tolerance levels defined by management
• Knowledge of COSO Risk and Internal Control framework would be an asset
• Working knowledge of professional IIA performance standards with regarding to planning, testing, sampling and documentation.
• Minimum of five (5) years relevant work experience in Internal Audit, within financial services or a professional accounting firm will be an added advantage.

Competency and Skills Requirements:

• Good interpersonal skills with a proven ability to communicate effectively (both written and verbal) with all levels within the organization.
• Unquestioned personal integrity with strong ethics and values consistent with ARM’s culture.
• Ability to stand firm on difficult issues when required.
• Strong analytical capability.
• Capable of working independently and with minimum supervision.
• Logical approach to identifying and evaluating issues and problem solving.
• Well-developed organizational skills with the ability to prioritize multiple assignments.
• Displays awareness of the need for confidentially in sensitive matters.
• Demonstrated job commitment and personal flexibility to meet changing expectations.
• Commitment to self-development and expansion of knowledge.