Head Internal Audit/Control Risk Management at Maurice Xandra Solutions

REPORTING RELATIONSHIPS    

• Reports To: Chief Executive Officer 
• Supervises: One Trainee

KEY TASKS    

• Ensure proper internal audit and control system 
• Implement risk management system 
• Investigate fraud within the organization 
• Carry out Audit activities and prepare reports

RESPONSIBILITIES    

• Coordinate the compilation and continuous review of a detailed transaction process flow for all key activities in the organisation and define control measures to ensure compliance 
• Supervise the execution of the group’s control procedures on financial processes such as revenue collection, receivable and asset management, investments, international operations, etc. 
• Prepare/ review internal audit reports covering audit activities, findings and overall assessment of control environment. 
• Ensure all financial transactions are bona-fide, accurate and processed in line with established policies and procedures and coordinate the review of all payment vouchers to both internal and external parties. 
• Keep abreast of global and local best practice as it relates to the internal audit operations. 
• Establish and maintain relationships with key internal and external stakeholders. 
• Coordinate the review of business/ operating processes and practices and information systems to ensure the adequacy of existing controls as well as mitigate errors, irregularities and fraud. 
• Perform investigations into suspected fraudulent/sharp practices across the organisation and recommend the appropriate line of action in response to findings. 
• Investigate client complaints and provide reports on same 
• Prepare audit reports and advise units and committees on departure from policies, procedures, and other exceptions. 
• Prepare/compile agreed periodic activity and performance reports for the attention of the CEO and relevant Board Committee. 
• Good back up support on operation/ transaction reviews 
• Perform any other duties as assigned by the CEO/ Board.

KEY PERFORMANCE INDICATORS    Financial Target:

• FD =N= 
• FX (S & P) =N= 
• RA =N= 

Non -Financial Target:

• Savings on income leakages 
• Timely and discreet execution of investigations 
• Number of timely conducted audits 
• Reduced fraud cases 
• Comprehensive, clear, and constructive audit and fraud reports 
• Reduced number of mitigated risk 
• Minimum exceptions found by external auditors

COMPETENCE REQUIREMENTS    

Core Skills:

• Knowledge of audit techniques and methods required 
• Knowledge of corporate governance practices 
• Knowledge of finance, accounting, budgeting, and cost control principles 
• Ability to analyze financial data 
• Ability to read large volumes of documents effectively and extract necessary information 
• In-depth understanding of the organization’s business issues 
• Communication & Presentation 
• Good report writing skills 
• Negotiation 
• Working knowledge of Microsoft Office Suite & the Internet 

Generic Skills:

• Team work 
• Integrity 
• Pro-activity 
• Detail orientation 
• Interpersonal 
• Time Management 
• Organisation

QUALIFICATIONS  AND SKILLS/BACKGROUND

Qualification 

• First degree or its equivalent in a numerate discipline (Accounting, Economics, Finance, etc), MBA or Master’s degree in Finance or Accounting required 

Minimum Experience 

• 8 years relevant experience of which at least two (2) years must have been spent in a similar role in the financial services industry

Professional Membership:

• Chartered membership of ICAN/ ACCA required