Head, Internal Audit at CapitalSage Technology Limited

Role Summary

• To ensure the effectiveness of business operations by performing and controlling the full audit cycle including risk management, control management, driving financial reliability and compliance with all applicable directives and regulations.

Key Responsibilities:

Strategy Development

• Develop the strategy to drive the audit plan for our local and global operations keeping in view regulatory requirements across all regulated entities
• Determine ways to improve profitability and optimize costs

Audit

• Plan and execute audits of business processes subject to regulatory compliance requirements (e.g., AML, KYC, sanctions, safeguarding, data privacy), financial partner requirements, independent audit for financial reporting, etc
• Develop schedules, priorities, work procedures, and audit programs for achieving audit objectives and goals
• Conduct internal audits as per the annual audit plan across and as the need arises across multiple disciplines in the organisation

Compliance

• Evaluate financial, IT, HR, Marketing, business documents for accuracy and compliance with federal regulations and statutory bodies
• Ensure the ongoing adherence to the audit methodologies and standards in day-to-day execution of audits

Process Review and Development

• Conduct periodic testing of various applications, processes etc and work seamlessly with key business partners to build efficiencies into the system
• Identify gaps in processes across all units/ the business or improvements that can be made including accounting, financial and record-keeping
• Recommend improvements in conjunction with process owner and ensure that all agreed-upon recommendations are subsequently followed up for remediation with prompt issuance of draft audit report
• Assess the efficiency and productivity of internal staff and make recommendations for improvement
• Document process and prepare audit findings memorandum

Policy Development

• Develop non-existing policies and procedures alongside process owners
• Develop annual capability and resource plan alongside Human Resources
• Development and annual review of Business continuity plan

Risk Management

• Identify areas of risk (inherent risks, detection risks, and control risks) across all processes and units and make recommendations to reduce risks (risk aversion measures).
• Prevent infractions or penalties during external and regulatory audits

Stakeholder Management and Reporting

• Present findings and recommendations to stakeholders and leadership teams (including the Board of Directors).
• Secure management action plans for remediation and monitor remediation progress and timeliness.
• Perform outreach and maintain collaborative working relationships with business partners.
• Develop reports and ensure proper documentation that depicts efficiency, accuracy, reliability and effective reporting and conclusions.
• Maintain open communication with management and audit committee
• Act as an objective source of independent advice to ensure validity, legality and goal achievement

Leadership

• Assign and coach and supervise the daily activity and work of team members for quality assurance and manage their performance

Research and Development

• Stay abreast of best practices both internally and externally in other to better identify areas of need and opportunities to drive introduction of those practices to the company, including new trends in Information Technology like cloud computing, blockchain etc
• Drive IT Audit across applications, databases, operating systems, infrastructure and network including for example Windows; Linux; Oracle DB; MSSQ etc
• Lead ad-hoc programs and initiatives to provide advisory insights
• Invest in understanding the business to identify areas of need better and opportunities to advise
• Research and stay current on applicable regulatory requirements and emerging trends and best practices 

Role Requirements

• Professional qualifications (Audit qualifications - CIA, CISA, or CPA); Accounting qualification - ACA, ACCA or other equivalents; IT risk and security certifications like CRISC, CISM and CISSP
• 10-12 years’ experience including in internal Audit; External Audit; IT Audit; Risk Management (including at least 3 years in a Managerial position)
• Prior experience working in Fintech or payment services firm; top accounting/ consulting/ banking or other financial services firm/ technology firms etc
• Hands-on experience in control review, business processes, IT and financial controls / ICFR, compliance reviews, and IT security audit
• Experience in big data analytics techniques, continuous auditing
• Experience with performing risk assessments and leveraging to prioritize work streams
• Experience in leading an Internal Audit geo, either at a global or regional level
• Excellent written and verbal communication skills, including report writing and presentation