Head,Internal Audit & Control at AXA Mansard Pensions

Job Objectives:

• Establishment of internal audit systems and controls
• To provide independent and objective assurance to management and the board with the aim of adding value and improving the organization's operations by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

Key Responsibilities and Accountabilities

• Coordinate activities of Internal Audit & Control Department.
• Development and management of the internal audit function – from planning to audit reporting.
• Organize periodic Board Audit Committee meetings and ensure that the Audit Committee is fully informed on a timely basis of the activities of the Internal Audit department.
• Prepare Board Audit Committee Papers.
• Development of an annual Risk-Based Audit Plan for presentation to the Board Audit Committee for approval.
• Coordination and execution of the approved audit plan.
• Coordination and execution of quarterly internal audit exercises.
• Determine the level of compliance with established laws, rules, policies and procedures and report to management.
• Follow up on all audit exceptions raised in the internal audit report to ensure proper resolution.
• Development and implementation of standard audit programs for each process within the Company.
• Development of standard work papers for all auditable processes / departments and ensure periodic review of the work papers per each audit.
• Plan and execute periodic asset verification exercises.
• Carry out a review of monthly/quarterly audit reports.
• Conduct special review/projects at the request of the Board/Management.
• Establish and maintain professional rapport with external auditors and management.
• Evaluate existing processes and controls for weaknesses, and make recommendations where necessary.
• Coordinate and investigate cases of misappropriation, misconduct, fraud, etc.
• Attend court sittings involving investigations handled by Internal Audit & Control Department.
• Coach, manage and appraise team members periodically and report the outcome of the appraisal using the Company’s established procedure
• Coordinate the Validation of BSCs for staff.
• Review and validate Opex / Capex / Cash Advances / Cash Advance retirements / Petty Cash requisitions.
• Review and verify retirement payment schedules.
• Ongoing process review and validation as part of the control function.
• Review monthly reconciliation of CSCS statements and internal records.
• Verify mandates to indicate that they are signed off and correct.
• Drive the process for the development of Standard Operating Procedure Manuals by departmental heads.
• Review and Approve the AML/CFT Audit Plan & Programme
• Audit of the AML/CFT process
• Review & Supervise the Audit report
• Report on the AML/CFT Audit
• Independent confirmation of the working and implementation of AML/CFT framework

SKILLS AND COMPETENCIES

• Minimum of first degree or equivalent in numerate or semi-numerate discipline and / or a relevant professional qualification
• The individual should have up to 10 years’ work experience with at least 8 in financial services and 5 years in Internal Audit practice, 4 of which must have been in a managerial capacity
• Professional ethics: Promotes and applies professional ethics - Applies ethical principles and values to the activities being audited, adheres to the organization’s key policies, practices and procedures, assesses and fosters the ethical climate of the board and management, etc.
• IPPF: Should be able to show proper understanding of the IPPF and how to apply the International Professional Practices Framework (IPPF)
• Governance, risk and control: Applies a thorough understanding of governance, risk and control appropriate to the organization
• Business acumen: Maintains expertise of the business environment, industry practices and specific organizational factors
• Persuasion and collaboration: Persuades and motivates others through collaboration and cooperation
• Critical thinking: Applies process analysis, business intelligence and problem solving techniques
• Internal audit delivery: Delivers internal audit engagements