February 9th, 2024 at 01:35 pm
Bayport S&L Ghana Invites Job Applications
POSITION: Internal Audit Manager
Description
The Internal Audit Manager is responsible for aiding the Head of Internal Audit in implementing the company’s internal audit strategy and developing best practices, as well as managing audit programs and advisory services throughout the organization. The Manager plays a supportive role in ensuring that control and risk management processes fulfil the Institute of Internal Audit’s (IIA) standards, as well as improving control and risk management practices throughout the firm. The Manager aids the Head of Internal Audit in carrying out his responsibilities to the Board of Directors.
The Audit Manager is primarily responsible for carrying out audit assignments, performing first-level reviews of working papers and draft reports prepared by Internal Auditors, and maintaining relationships with other departments to ensure adequate information is provided on time for the execution of audit assignments. Ensure resource allocation, ongoing supervision and mentoring, and the drafting of performance reviews for internal auditors.
Responsibilities
Audit Plan and Audit Committee Pack
- Provide first-level support and assistance to the Head of Internal Audit in carrying out his responsibilities and support functions in the Internal Audit Department, implementing the Company’s audit strategy, and taking the lead in the day-to-day execution of internal audits;
- Assist in assessing the audit universe and business risk environment for the establishment and quarterly review of the annual audit plan.
- Assist with preparing the Audit, Risk, and Compliance committee pack for quarterly meetings.
Kick-off Meeting
- Participate in kick-off meetings with senior and executive management to describe the scope and objectives of the audit engagement and offer an overview of all steps in the audit procedure.
- Prepare and/or review the kickoff meeting minutes prepared by internal auditors.
- Improving the Risk Management, Control, and Governance Processes
- As part of your job as an Internal Auditor (IA), you will need to find risks that come with achieving company goals, check to see if there are enough controls in place to reduce enterprise-wide risks, and judge how well risk management, control, and governance systems work.
- Provide value-added advice, assist in updating departmental risk registers through the sharing of a risk and control matrix, and support business partners or auditees in the creation or modification of policies, procedures, processes, products, or services to ensure an appropriate level of internal control and compliance is maintained.
Execution and supervision of audit assignments.
- Schedule audits and projects, allocate audit resources, enhance audit processes and procedures, and ensure timely execution of audit assignments.
- Develop the audit engagement scope, complete fieldwork, and prepare audit reports reflecting the outcomes of the work completed, as well as relevant and practical suggestions to Units and Departments on failures discovered during the audit.
- Discuss and resolve with other staff the relevance of audit issues, the correctness or propriety of audit reports, and recommendations.
- Supervise and review the work of other team members, and monitor output to deliver increased quality and speed over time.
- Work independently with limited supervision on day-to-day tasks while also providing general direction on assignments.
Team Management and Performance Review
- Develop performance contracts and appraise Internal Auditors’ performance; review Internal Auditors’ contracts and performance appraisals; and ensure timely completion of the entire performance appraisal procedure.
- Ensure a healthy, team-oriented culture by sustaining cooperative connections, promoting dispute resolution, sharing information, and accepting and delivering constructive feedback
Close the meeting and follow-up.
- Attend close-out meetings with relevant department heads and top management to discuss findings, recommendations, and management responses and finalize audit reports.
- Promptly coordinate follow-up on the implementation status of management responses to previously reported issues.
Audit Report
- Ensure timely and accurate report generation, transmit drafts to the Head of Internal Audit, and review drafts from Internal Auditors and Departmental Relations.
- Liaise with auditees to offer the necessary support as well as information, manpower, and other resources for the timely execution of audit tasks.
- Communicates with auditees in other departments to discuss draft findings and reports and gain management feedback.
Data analysis
- Perform complicated data analysis, data mining, and extracts that satisfy the requirements of internal and external stakeholders, as well as resolve difficult challenges that require a high level of quality and precision.
Job-Based Training
Provide functional advice and training to Internal Audit professionals, coach less experienced and new team members, and ensure that subordinates follow audit procedures outlined in the Group Audit Manual
Requirements
Qualification
- Professional qualification (as a minimum prerequisite) in finance and accounting, information technology, and computer science
- Member of a recognized and relevant professional body, such as ACCA/ICA/CIB/CIA.
- Member of the Institute of Internal Auditors (IIA/ISACA)
- The CISA qualification will be an added advantage.
Experience
- Independent assurance: 5–7 years of previous expertise in either internal or external auditing.
- Risk Management: 1–2 years of prior experience in a risk management function, particularly in a financial institution, is an added advantage.
- Information Technology: 1–2 years prior IT audit experience is a bonus.
How to Apply for this Bayport S&L Ghana Job
Click Here to Apply Online
Closing Date: February 23, 2024
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