Job Summary:
The Internal Auditor is responsible for executing audit procedures, testing and evaluating internal controls, and ensuring compliance with company policies and regulations. The role involves gathering and analyzing data, documenting audit findings, and assisting in the preparation of audit reports. By supporting risk assessment and control evaluations, the Internal Auditor helps identify process inefficiencies, strengthen internal controls, and ensure operational effectiveness.
Roles & Responsibilities:
Audit Execution and Compliance:
- Executes audit procedures by following the audit programs, RCMs, performing control testing, and evaluating operational processes to assess internal control effectiveness.
- Ensures compliance with internal policies and regulations by reviewing business processes and identifying any deviations to mitigate risks and enhance governance.
- Evaluates risks and controls by assessing various processes' effectiveness, identifying weaknesses, and recommending corrective actions to strengthen internal controls.
Data Analysis and Audit Documentation:
- Gathers and analyzes data by using audit tools and techniques to assess operational efficiency and identify potential risks.
- Documents audit work by maintaining accurate records of audit findings, supporting evidence, and recommendations to ensure transparency and accountability.
- Identifies and reports on issues by analyzing audit results, detecting irregularities, and escalating concerns to management to ensure timely resolution.
Audit Reporting and Stakeholder Engagement:
- Prepares audit reports by compiling findings, conclusions, and recommendations in collaboration with the senior internal auditor, providing insights into process improvements and risk mitigation.
- Presents audit findings to the Internal Audit Supervisor or Manager by summarizing key issues, risks, and control gaps to facilitate informed decision-making.
- Follows up on audit recommendations by tracking corrective actions and verifying their implementation to ensure compliance and process improvements.
Collaboration and Continuous Learning:
- Supports Senior Auditors and team members by assisting with audit tasks and contributing to the completion of assignments to enhance audit quality.
- Stays updated on industry trends and best practices by researching regulatory changes, attending training sessions, and applying new audit techniques to improve audit execution.
Job Requirements:
Education & Experience:
- Bachelor’s degree in finance, accounting, or a related field.
- Minimum 1 to 3 years of relevant experience.
- Good knowledge of audit standards, risk management, and regulatory requirements.
Skills/Competencies Required:
- Good knowledge of GIAS, IIA Standards, ISO 31000, ISO 37301, ISO 37000, GRC Capability Model, COSO Framework, and Analytical Techniques such as Fishbone Analysis.
- Good knowledge of internal audit frameworks and regulatory requirements.
- Good Knowledge of audit planning.
- Good knowledge of improvement and corrective action tracking.
- Good communication and analytical skills.
Certifications:
- Professional certifications such as CIA, CPA, CFE, CISA, CAMS, GRCP, CRCA, and/or IPMP preferred.
