Internal Audit Officer at CrusaderSterling Pensions Limited

General Description

• The Internal Audit Officer is responsible for conducting independent and objective evaluations of an organization's internal controls, risk management processes, and governance practices.
• They assess the effectiveness, efficiency, and compliance of internal operations, identify areas of improvement, and provide recommendations to enhance control systems and mitigate risks.
• The Internal Audit Officer works closely with management and staff to promote transparency, accountability, and good governance within the organization.

Job Functions
Conduct internal audits:

• Plan and execute comprehensive internal audit programs to evaluate the effectiveness of internal controls, risk management processes, and compliance with policies, procedures, and regulations.
• Review and analyze financial statements, operational data, and other relevant documentation to assess the reliability and accuracy of information.
• Identify areas of potential risk, control deficiencies, and opportunities for improvement.
• Perform testing and verification procedures to validate the adequacy of internal controls and compliance with established policies and procedures.

Risk assessment and management:

• Assess and prioritize risks within the organization, considering both financial and non-financial aspects.
• Develop risk management strategies and provide recommendations to mitigate identified risks.
• Monitor risk mitigation activities and evaluate their effectiveness.

Compliance Monitoring:

• Ensure compliance with applicable laws, regulations, and internal policies.
• Review and assess the organization's adherence to legal and regulatory requirements.
• Identify compliance gaps and recommend corrective actions.

Reporting and Communication:

• Prepare clear and concise audit reports detailing findings, recommendations, and action plans.
• Communicate audit results to management and relevant stakeholders.
• Collaborate with management to implement recommendations and monitor progress.

Process Improvement:

• Identify opportunities for improving efficiency, effectiveness, and internal controls.
• Provide guidance and support to management in implementing process enhancements.
• Conduct follow-up audits to assess the implementation and effectiveness of recommended improvements.

Professional Development and Knowledge Sharing:

• Stay up-to-date with industry best practices, regulations, and emerging trends in internal auditing.
• Participate in training programs, seminars, and professional networks to enhance skills and knowledge.
• Share knowledge and expertise with colleagues and contribute to the continuous improvement of the internal audit function.

Key Performance Indicators / Measurement Criteria

• Compliance Rate
• Risk Mitigation
• Audit Findings
• Employee Training and Awareness
• Timeliness of Reporting
• Internal Control Effectiveness
• Whistleblower Reporting
• Stakeholder Satisfaction
• Cost-effectiveness
• Continuous Improvement Initiatives.

Requirements
Educational Qualification

• B.Sc Degree (minimum of 2.2)
• Professional qualification will be an added advantage.

Work Experience:

• 2 years and above in similar position preferably financial service (PFA or others)

Skill/ Competency Required:

• Audit Knowledge
• Financial Acumen
• Risk Assessment and Management
• Internal Controls Evaluation
• Communication Skills
• Ethics and Integrity
• Technology and Data Analysis.

Compensation

• Attractive

Others:

• HMO & Pension.