Senior Manager - Internal Audit - NBFC - CA

This position is responsible to contribute for the achievement of the Internal audit plan for the country by effective and efficient audit execution and fulfilment of assigned duties from time to time:

1. Conduct independent and objective internal audits (audit planning to report publishing) in all departments to verify fulfilment of strategic objectives .

2. Evaluate the security, reliability, efficiency, functionality and reasonability of the processes to improve the operation and profitability .

3. Manage follow-up process for timely implementation of audit actions.

4. Ensure complete documentation and adherence to the quality standards set by the head quarter and meet the quality assurance targets set by Head Internal Audit / HQ

5. Responsible for preparation of reports and presentations for audit committee / head quarter / management.

6. Fulfil various responsibilities assigned by the head of internal audit and assist in processes enhancement for internal audit department.

7. Advise the related departments on risk management with a systematic approach

Main Task

1. Conducting Departmental Audits:

- Audit the assurance of legal and supervisory requirements .

- Audit the adherence to the given guidelines by the Management.

- Perform audit projects according to the annual plan and in a quality complying with the internal rules.

- Analyze the targets within the appointed audit projects

- Develop and conduct assessments for the appointed audits that comply with the supervisory requirements to a risk analysis.

- Preliminarily review (understanding the business and operation) and analyze to prepare the Risk Analysis (investigate the risk points and design the auditing strategy and sampling as well as timing) and Data Requirement list of the target audit department or business/operation and then announce the commencement of auditing work.

- Develop methods that ensure an efficient audit execution with focus on appropriateness and security of the audited processes.

- Execute the field work in accordance with professional standards (e.g. IIA Standards and International Internal Audit Handbook, including:

- Understand work processes through interviewing and reviewing guidelines/manuals and working files (walkthrough)

- Check samples and find out the irregularities

- Define actions and recommendations for improvement

- Agree these actions / recommendations (incl. deadlines) with the audited department

- Write an English audit report.

- Follow up the action completion status and review the action executing results.

- Plan, organize and conduct highly confidential and sensitive audits previously authorized by BoD, & GM upon assignment from Internal Audit Management.

- Cooperate in ensuring the fulfillment of the audit program.

2. Advise the related departments on risk management:

- Monitor and analyze the supervisory requirements concerning in general and specifically the internal audit on own authority.

- Ensure that all business, control and monitoring records (esp. those leading to audit findings) are drawn up systematically and in a manner which is clear to knowledgeable third parties.

- Monitor changes in organization and processes and assess those with regard to legal and supervisory requirements, especially for product approval processes.

- Advise and support the relevant customers:

- In adhering to laws as well as supervisory and group-internal regulations

- In avoiding risks

- In assessing the internal control system

- In organizational questions

- In designing new processes

- In essential projects

3. Departmental responsibilities:

- Protection of the companies- assets by inducing secure and economically efficient processes through audits

- Represent the Internal audit and secure their interests in essential projects

- Support the Head of Internal Audit in other delegated assignments.

- Support in setting up an annual audit plan

- Translation of local guidelines and policies

- Department administration

- Compile status reports to MD- s

- Compile quarterly reports containing the current status of audit projects and action implementation

- Compile an annual report describing the work of Internal Audit incl. the status of audit projects, follow-up and staffing

Necessary education:

Chartered Accountant (CA) / Cost Accountant (CWA)

Working experience (in years):

Two to seven years of work experience in Risk Based Internal Audit Working experience in financial sector at least three years.