Internal Auditing Manager

Purpose of the job

• The mission of the Internal Audit Manager is to provide independent, objective assurance and consulting services designed to add value and improve operations.
• The Internal Audit manager assists in accomplishing objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. This role will coordinate, plan and conduct operational audits, certain aspects of the internal controls.

Accountabilities

• Ensure allocation of audit assignments are based on a risk assessment system and plan audit assignments in detail before commencement.
• Review objectively Company’s management of risks and the effectiveness and efficiency of its operations and procedures, including internal controls; add value to Company’s activities through providing supportive advice and recommendations to management and the other departments.
• Appraise the reliability of information generated by the other departments.
• Investigate allegations of fraud, misappropriation, or possible loss to Company and suggest corrective and preventive measures to avoid future mishaps.
• Issue reports to the Audit Committee on the audits and investigations and their findings, the design and implementation of internal controls, other issues, and related recommendations.
• Follow up of audit findings, recommendations, agreed management corrective action and report on the results of the follow up to the Audit Committee.
• Provide consultation to management and staff whenever they seek Internal Audit’s views in resolving issues confronted by them.
• Evaluate any related risks and ensure the adequacy of controls of proposed new products, services, IT systems, before introduction and purchase, and upgrade and/or revise internal controls as necessary.
• Review new policies and procedures or changes to policies and procedures before their finalization ensuring that the necessary controls are built into in or that there is no unacceptable loss in internal control.
• Review the effectiveness of the system for monitoring compliance with local laws, anti-money laundering and countering the financing of terrorism recommendations, donors’ regulations and management follow-up (including disciplinary action) of any instances of non-compliance.
• Perform other appropriate activities related to the IAD mission as requested by the Audit Committee or Managing Director. If the Managing Director’s request will require a significant change to the Internal Audit Plan, the IAD must obtain approval of the Audit Committee.
• Initiate special investigations as needed. If these require a significant change to the Internal Audit Plan, the IAD must obtain approval of the Audit Committee.