Job Title: Manager – Internal Auditor | Date Reviewed: |
Division: Audit Committee of the Board/Office of the Chief Executive Officer | Department: Internal Audit |
Job Purpose The Manager-Internal Audit reports functionally to the Audit Committee of the Board of Directors and administratively to the Chief Executive Officer and will be accountable for: - Designing, developing, and establishing appropriate audit and internal control systems and procedures for the company to mitigate risks and in accordance with auditing best practices.
- Establishing a risk- based compliance framework to mitigate organisational-wide risks.
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Accountability |
The Manager Internal Audit will be accountable for: - Minimising organisational risks by developing and maintaining Internal Audit (IA) policies and procedures, assessing business risks, developing, and maintaining strategic and operational risk- based audit plans.
- Developing an annual audit plan and ensuring timely and efficient completion of the activities in this plan.
- Establishing and maintaining an Annual Compliance Programme, disseminating compliance policies and procedures, and completing and submitting to the Audit Committee of the Board interim reports on TTLs compliance with AML/ CTF regulations.
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Key Duties |
- Develops auditing systems and procedures to track and verify the soundness of all financial and operational transactions.
- Develops and maintains a comprehensive Audit Manual to cover financial, operational, and electronic data processing risks.
- Plans and conducts performance, operational and financial audits.
- Develops an Annual Audit Work Plan for approval by the Audit Committee of the Board.
- On a periodic basis, tests the efficacy of the internal controls of the company’s departments relative to its stated policies and procedures and identifies business process risks.
- Follows up with departments post audit exercises to determine whether corrective actions have been undertaken.
- Communicates audit findings and recommended corrective action to the Audit Committee of the Board and the Chief Executive Officer.
- Makes recommendations, provides advice and opinions to Management to ensure compliance with accounting and operational best practice.
- Reviews all new systems prior to implementation and makes recommendations for improvements in risk management and process efficiency.
- Provides assistance to the Board and /or Chief Executive Officer on special projects.
- Liaises with the external auditors and regulators on the effectiveness of internal controls and provides the necessary assistance as required.
- Establishes, manages, and promotes the standards of the Internal Auditing Activities (IAA), e.g., discussing audit reports with departments involved prior to finalising the report, and ensures compliance with statutory requirements.
- Trains and develops and coaches subordinates to create and maintain a high level of productivity in the department and to ensure departmental targets are achieved.
- Achieves budget and other performance targets for the Audit Department.
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Competencies |
Core Competencies: Proven capabilities at a high proficiency level in: Service Excellence, Partnering, Creativity & Innovation and Accountability. Leadership Competencies: Strategic Thinking, Business Focus, Impact and Influence, Results Orientation, Decision-making, Planning and Organizing, Team Leadership; Developing Others and Attention to Detail. Role Specific Competencies: Auditing, Analytical thinking, Financial and Management Accounting, attention to detail, information seeking and processing and accurate and reliable reporting. |
Qualifications and Experience |
Required Education, Knowledge, and Experience: - University Degree in Business/Industrial Management, Accounting or Finance or ACCA/ACMA or equivalent qualification.
- Certified Internal Auditor (CIA) or Certified Internal System Auditor (CISA).
- Member of the Institute of Internal Auditors of Trinidad and Tobago Chapter would be an asset.
- A minimum of eight (8) years’ experience in Financial, Operational and EDP Audits in a business environment, of which five (5) must be at Managerial level.
- Knowledge of the laws and regulations governing the company’s operation.
- Knowledge of Risk Analysis Methodologies.
- Knowledge of FIU Regulations and Associated Legislation on AML/ CTF.
- Knowledge of the Exchequer and Audit Act and other legal frameworks that govern the operations of governmental institutions.
- Knowledge of the governance requirements of State Enterprises and Government Agencies.
In addition, the incumbent must possess the following proven capabilities: - Proven Success conducting audits.
- Well-developed analytical skills.
- Proven communication and interpersonal skills.
- Effective time management and organizational skills.
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Reporting Relationships: |
Reports administratively to the Chief Executive Officer and functionally to the Board of Directors. Supervises the Audit Officer and Administrative Assistant. |