Manager, Internal Audit at Zedcrest Capital Limited

Job Description

• Support the Department Head in the coordination of activities of the Internal Audit & Control Department across the Group.
• Provide adequate support in the development and management of the internal audit function from planning to audit reporting.
• Support in the preparation of Board Audit Committee Papers.
• Lead the execution of the approved audit plan and quarterly internal audit exercises.
• Follow up on all audit exceptions raised in the internal audit report to ensure proper resolution.
• Identify key process areas, develop and implementation of standard audit programs for each process within the Company.
• Develop standard work papers for all auditable processes/departments and ensure periodic review of the work papers per each audit.
• Lead and execute periodic asset verification exercises.
• Carry out a review of monthly/quarterly audit reports.
• Conduct special reviews/projects at the request of the group head/management/board.
• 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.
• Support in the process for the development of Standard Operating Procedure Manuals by departmental heads.
• Review & supervise the Audit report prepared by junior associates and analyst.
• Identify risks associated with business objectives and evaluate the controls in place to mitigate those risks in order to improve business processes, enhance effective risk management and governance.
• Ensure compliance with statutory and regulatory requirements, best practices, and industry standards.
• Determine the level of compliance with established laws, rules, policies and procedures and report to management.
• Support in the development and implementation of Group’s annual audit plan, framework and explain the scope and objectives of the audit engagement and provide an overview of all steps in the audit process.
• Identify and document inherent risks and controls within the business processes
• Develop a risk-based audit test plan by selecting an appropriate audit approach, test procedures, and sampling criteria based on professional judgment and departmentally defined internal audit methodology.
• Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives.
• Identify and document control and process weaknesses and provide suggested improvement and process improvement initiatives
• Review and supervise team work schedule and ensure achievement of departmental key KPI’s
• Revenue assurance; ensuring all proceeds are properly accounted for, correctly posted and adequate records maintained across the group.
• Vendor’s management; ensuring good and effective negotiation by conducting regular market survey of prices in the open market.
• Continued review of control mechanism within the system; ensuring controls are adequate and sufficient to safeguard against unnecessary operational and financial risks.
• Monthly review of management accounts; ensuring correctness and proper financial reporting and disclosure.
• Liaise with External Auditors, Tax consultants and others

Requirements

• Bachelor's Degree in Finance, Financial Accounting, Economics, and other related fields.
• Minimum of 5 years experience in operational risk/market risk/internal audit from tier 1 or 2 bank or any Big 4.
• Excellent verbal and written communication skills.
• Meticulous attention to detail with ability to multi task.
• Exceptional mathematical and accounting skills.
• Good critical-thinking skills to gather all of the available data and make informed decisions.
• Excellent research skills to find all related information needed.
• Proficiency in accounting software and spreadsheets.