Internal Audit & Control Officer at a Reputable Company

Job Brief:

• As Internal Audit & Control Officer, you will assess the design and implementation of internal controls, conduct audits and reviews, and provide recommendations to management for enhancing control environments and minimizing risks. The role involves collaborating with stakeholders, identifying control deficiencies, and promoting a culture of accountability and integrity.

Roles & Responsibilities:

• Develop and Implement Internal Control Frameworks, policies, and procedures to ensure compliance with regulatory requirements and industry standards.
• Conduct risk assessments and internal control reviews to identify areas of potential risk, fraud, or non-compliance.
• Evaluate the design and effectiveness of internal controls, including segregation of duties, access controls, and authorization processes.
• Provide guidance and support to management and staff on internal control issues and risk mitigation strategies.
• Provide training and guidance to employees on internal control principles, policies, and procedures.
• Conduct investigations into suspected fraud, misconduct, or irregularities, and recommend appropriate actions and preventive measures.
• Establishes and maintains guidelines for a system of internal control in general.
• Stay updated on changes in regulations, laws, and industry standards related to internal controls and risk management.
• Analyse data and trends to identify emerging risks and areas for improvement in internal control processes.
• Monitor compliance with internal policies, procedures, and ethical standards, investigating and addressing violations as necessary
• Evaluates and advises on the impact of long-range internal control planning, introduction of new rules, procedures, processes, and regulatory interactions.
• Reviews existing internal and financial controls – ensure all processes are mapped accurately, assesses weaknesses.

Audit and Control Oversight:

• Ensure the effective design, implementation, and monitoring of internal controls to mitigate risks and prevent fraud.
• Oversee audit engagements and ensure they are conducted in accordance with professional standards, policies, and legal requirements.
• Monitor compliance with internal policies and external regulations, identifying areas for improvement and corrective action.

Risk Management:

• Continuously assess the organization's risk profile and emerging risks, developing appropriate audit plans to address them.
• Collaborate with senior leadership to integrate risk management practices throughout the business.
• Review and assess the effectiveness of the organization's risk management framework.

Requirements and Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration
• Professional Affiliation CPA, CIA, or CISA certification is preferred
• Previous experience and knowledge of Control Regulations and procedures in Finance and Accounting.
• Minimum 10 years of progressive experience in internal audit, with at least 5 years in a leadership or management role.

Skills and Competencies

• Proven experience in internal auditing, internal controls, or risk management roles.
• Strong understanding of internal control principles, practices, and frameworks (e.g., COSO, SOX).
• Strong knowledge of internal controls, risk management, compliance, and audit methodologies.
• Knowledge of auditing standards, regulatory requirements, and industry best practices.
• Analytical and critical thinking skills to assess risks and evaluate control effectiveness.
• Excellent communication and interpersonal skills, with the ability to interact effectively with stakeholders at all levels.
• Attention to detail and accuracy in auditing and documentation.
• Integrity, professionalism, and ethical behaviour in handling sensitive information and investigations.
• Ability to work independently and collaboratively in a team setting.