Support the Group Internal Controls officer to develop the strategy for the company’s internal audit function in line with global best practices and provide overall leadership for risk management.
Ensure the implementation of effective controls in all business processes, operations and systems, to ensure transparency and promote good corporate governance.
Perform independent financial, compliance and operational review to determine the adequacy and effectiveness of existing controls.
Principal Duties and Responsibilities
Provide support for overall guidance, leadership support and strategic direction in the execution of all internal audit functions.
Propose improvements in the internal process/ procedure controls in conjunction with process owners.
Identify control implications of process improvement/ redesign and systems upgrade/ implementation efforts and ensure the adequacy and sufficiency of controls to be integrated into the system/ processes.
Prepare annual audit plan.
Review, on an ongoing basis, the Company’s processes and practices to guarantee the adequacy of existing controls to reduce errors, irregularities and fraud.
Conduct routine financial audits and investigation of all business unit functions to ensure compliance with approved financial and operational policies and guidelines.
Participate in inventory/ stock taking exercises.
Conduct spot checks of transactions and other activities.
Ensure all financial transactions are accurate and processed in line with established policies and procedures.
Detect fraud and escalate to relevant parties for appropriate actions.
Proactively implement preventive and detective measures in respect of fraudulent/ sharp practices and carry out conclusive resolution of related investigations.
Compile audit reports and ensure all issues, exceptions, conclusions and recommendations are documented accurately and supported by facts/figures.
Ensure identified issues, exceptions and irregularities are promptly communicated to the appropriate authorities for proper action.
Prepare periodic activity and performance reports for the attention of the Group Internal Controls Officer.
Provide support and necessary information to external auditors in their independent examination of financial statements.
Provide necessary assistance to external auditors in the conduct of statutory audits.
Perform any other duties as assigned by the Group Internal Controls Officer.
Key Performance Indicators
- Compliance with audit standards and guidelines.
- Number of exceptions/ fraud incidents/ irregularities detected.
- Number of risks identified in financial/ operational systems.
- Number of lapses prevented.
- Turnaround time of audits and investigations.
- Timely and accurate rendition of audit/ investigation reports.
- Quality of recommendations.