Senior Internal Auditor; Operations

Job Purpose

To carry out comprehensive audit and evaluation of management controls (over financial activities or administrative and operational activities as assigned to you) in order to ensure that internal control system for integrity and reliability of financial processes are implemented and working efficiently and effectively, to ensure smooth and timely progress of audit programs according to annual audit plans, and in accordance with corporate strategies, objectives, procedures, policies, and directives.

To perform and follow up all financial audits as agreed with the Department Manager and to prepare final audit reports, audit findings and recommendations for corrective action plans.

• Perform quarterly and annual risk assessment exercise conducted by Audit & Assurance Division for the assigned organisational units.
• Develop annual Risk-based Internal Audit Plan based on the results of risk assessment exercise.

• Identifies and discusses the objectives and approach of proposed audit effort with the Department Manager, as directed.
• Participates in the planning of assigned audit reviews' approach and scope. Prepares Audit program.
• Identifies risks, mitigating controls and prepares the audit testing program for the scope areas agreed for the audit reviews.
• Assists in planning and carries out comprehensive audit programs for reviewing and evaluating management controls over financial, procedures, policies and activities in various areas, divisions and departments as per approved audit plan and communicates it to subordinates.
• Reviews completeness, appropriateness and effectiveness of internal controls, processes, procedures and policies in place, audit findings and makes recommendations.
• Conducts preliminary review of audit assignments to help establishing scope and develop audit plans (including those of testing).
• Assists Department Manager in developing and carrying out audit assignments.

• Executes the approved annual audit plan as agreed and ensures that all audited areas are subject to adequate evaluation of internal controls. Identifies areas that may require additional audit coverage to ensure that systems, procedures and internal controls are effectively adhered.
• Collects and analyses all necessary evidence, to assess any potential procedural risks.
• Prepares/updates the Risks Assessment Process and preparation of Risk Register of auditable entities.
• Evaluates adequacy and effectiveness of the process controls based on the business knowledge and experience and modify the scope of audit review, as may be required with the approval of Department Manager.
• Determines auditing procedures to be applied, including use of IT Audit techniques, sampling methods etc.
• Analyses and reviews financial and related operational systems, policies and procedures, and provides value-added recommendations to improve and enhance controls.
• Reviews and discusses with the concerned staff all matters, control gaps and other issues disclosed in audit reports.
• Obtains and reviews audit evidence as the basis for an informed, objective conclusion on the adequacy and effectiveness of internal control system over the activities/ scope being reviewed.
• Prepares and records working papers related to the audit tests performed which evidence and support the observations, results and conclusion. Such working papers should be adequately documented within the Audit Management (AMS).
• Supervises and supports audit activities carried out by auditors to ensure smooth and timely progress of audit programs. Monitors and follows up schedules of assignments and ensures tasks are successfully completed according to annual audit plan. Distinguishes between critical and non-critical tasks and gives priority accordingly to ensure high quality and prompt work.
• Follows up works carried out by auditors to ensure adequacy, thoroughness and completeness. Reviews weekly progress of all audit programs performed by audit staff. Prepares and updates the weekly audit staff work schedules for Department Manager.

• Recommends enhancements in management controls designed to mitigate business risks, safeguard organizational assets, rectify identified/ reported deficiencies and contribute to growth and improve profitability, preferably by recommendations resulting in the Measured Value of Audit (MVA).
• Discusses the result of the audit reviews and recommendations with Department Manager.
• Prepares final audit reports for Department Manager's review which highlights audit observation and potential impacting and also include conclusion, expressing professional opinions on the adequacy and effectiveness of risk management, control system and efficiency with which activities are conducted.

• Makes all necessary follow up on audit findings and audit report with concerned division/ department manager to ensure implementation of agreed corrective…