Senior Internal Auditor at ARM Hold Co.

Summary

• The Senior Internal Auditor will ensure the effectiveness and efficiency of the company’s operations and the integrity of information by serving as a watchdog, assurance provider, consultant, or whistleblower over its operations and activities.

Responsibilities

• This function supports the Head of Internal Audit dept. in discharging the following tasks or performing the following activities:
• Assisting the Head of Internal Audit in conducting risk-based audit for all departments and units based on approved Internal Audit Plan by the board audit committee (BAC).
• Developing the company’s Internal Audit Framework including policies and procedures in line with local and international best practice standards. 
• Participating actively in the design and integration of control frameworks into the company’s business processes and systems.
• Conducting periodic checks to test the effectiveness of the company’s internal control mechanisms and reporting observed weaknesses.
• Conducting investigations/forensic analyses into suspected procedural breaches and fraudulent practices across the company and determine/recommend the appropriate line of action to the chief executive officer (CEO) and (BAC) in response to findings.
• Reviewing and monitoring, periodically, test keys, codes, list of authorized signatories, approval limits, and other security devices to prevent fraudulent practices and security breaches. 
• Triggering the execution of spot checks on transactions and activities as well as performing hot reviews of the dept.’s staff activity.
• Highlighting and flagging duplications, revenue leakages, and weaknesses across the company.
• Advising and providing opinion to management and board on good governance and best practices in internal control.
• Staying abreast of industry trends, events, issues and developments to assist/enable the development and implementation of appropriate control measures, monitoring mechanism as well as their continuous update/revision.
• Ensuring compliance with adopted corporate governance practice and approved operational policies and procedures.
• Co-coordinating depts.’ activities to ensure timely implementation of audit/review points raised by external auditors for all funds under management and company accounts.
• Continuously reviewing depts.’ activities and making recommendations for improvement to the business.
• Preparing and submitting periodic activity/management reports to the CEO and BAC on the activities of the dept. 
• Serving on committees or cross-functional teams and performing other duties as assigned by the CEO, or BAC.

Specifics

• Conducting reviews of the activities of the various depts. and units in the organization.
• Reviewing periodically, reconciliation statements and proofs (stocks, bonds, cash advance, bank accounts (funds and company’s), benefits’/retirees’ payments, etc.), and monitoring of resolution of non-reconciling items.
• Reviewing the organization’s general ledger and associated transactions.
• Monitoring of exception(s) on Portfolio Valuation Reports.
• Reviewing deposits’ maturities on periodic basis.
• Reviewing statutory and non-statutory (agreed) rates on applications on periodic basis.
• Reviewing access rights, activity or systems’ logs, Antivirus and Anti-Spyware compliance, and parameter settings (network and applications).
• Reviewing corporate action events’ (bonuses and dividends) declaration and capture.
• Exception monitoring, reporting and administration (i.e., contribution schedules, bank account, Admin. Fee review, etc.).
• Conducting branch and office location inspection on periodic basis.
• Conduction annual ISO 27001:2013 internal audit reviews in preparation for surveillance audit and re-certification audit by External Auditors.
• Reviewing Unprocessed Monies Proof and benefits payment reconciliation statement on monthly basis.
• Conducting associated third-party reviews (custodian(s) and Montgomery Vault) on periodic basis.
• Implementation status reviews and communication with related parties on audit findings and queries to resolve issues.
• Monthly RSA Funds’ Admin. Fee and Management Fee Review. This includes scoping, report generation and review of shortfall and refunds (states and inter fund).
• Callover of postings into the application against supporting documents.
• Reviewing and responding to external auditors' confirmations.
• Updating of management and BAC reports.
• Monitoring and reporting on test restore exercise based on the company's disaster recovery plan.
• Ensuring controls exist to monitor compliance with regulatory requirements.
• Ensuring strict compliance with the firm’s policies, etc.
• Ensuring strict compliance with the organization’s Standard Operating Procedure and manuals, etc.
• Ensuring that working papers are comprehensively drawn, duly referenced and properly filed.
• Any other functions as assigned by the head of department.

Requirements

• Bachelor’s Degree in any discipline with a minimum of Second Class (Hons.) Upper Division. MBA would be an advantage.
• ACA, ACCA, CISA (Any, or a combination of these).
• Five years of relevant experience (post qualification).
• Good knowledge of the local and global financial service industry dynamics including regulations, legislations and operating environment.
• Ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues, and solutions.
• Experience in building professional business relationships and dealing at a senior level appropriate for a leader of a critical function.
• Excellent working knowledge of Internationally accepted accounting and audit standards and procedures.
• Test and sampling methods involved in conducting audits.
• Risk management methodologies.
• Corporate governance procedures. 
• Process engineering.
• Strong problem solving and analytical abilities. 
• Expert knowledge of fraud behavior and detection methodologies 
• Demonstrated superior understanding of non-banking financial service operations, policies, and procedures.
• Strong problem-solving and analytical abilities. 
• High integrity level and excellent decision-making ability.
• Exceptional attention to detail. 
• Good leadership, coaching, mentoring, and supervision skills.
• Excellent communication, interpersonal, presentation, and facilitation skills.
• Self-motivated with a strong drive, and commitment to achieving agreed objectives.